Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Incorporated in the year 1965, Engineering India Limited is a public sector undertaking of GOI under the Ministry of Petroleum and Natural Gas. The company is a leading global engineering consultancy with a focus on the oil & gas and petrochemical industries. The company has multiple offices in India and abroad with head office in Delhi and other offices at Gurugram, Mumbai, Kolkata, Chennai, Vadodara, and inspection offices at all major equipment manufacturing locations in India. The company’s overseas presence is marked in London, Italy, Abu Dhabi, and Malaysia.
EIL has two wholly-owned subsidiaries Ramagundam Fertilizers & Chemical Limited and Certification Engineers International Ltd. The company is coming up with a buyback of ₹586.90 Cr. The size of the buyback is 6.98 Cr fully paid-up equity shares of ₹5 which represents 11.06% of the total fully paid up shares. The buyback price is set to ₹84 per share, which is 20% higher than the price on the date of the announcement.
Below is the complete details about Engineers India Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | 586.90 Cr |
| Buyback Number of Shares: | 6.98 Cr |
| Buyback Price: | Rs 84 |
| Buyback Offer Size (In %): | 11.06% |
| Total Share Capital: | 4906.79 Cr |
| Face Value: | 5 Per Equity Share |
Can I Invest today to participate in Engineers India Limited buyback offer? No
In this section we have covered all important dates related to Engineers India Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 12th Nov 2020 |
| Buyback Approval date | 12th Nov 2020 |
| Public Announcement of Buyback | 21st Nov 2020 |
| Record Date | 1st Jan 2021 |
| Buyback opens on/Buyback Opening Date | 22nd Jan 2021 |
| Buyback closes on/Buyback Closing Date | 5th Feb 2021 |
| Cut-off date to receive completed tender forms by Registrar | 8th Feb 2021 |
| Cut-off date for verification by the Registrar | 10th Feb 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
12th Feb 2021 |
| Last date of settlement of bids on the stock exchange | 15th Feb 2021 |
| Last date to return unaccepted shares by Registrar | 15th Feb 2021 |
| Last date of extinguishment of Equity Shares | 22nd Feb 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Engineers India Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 7.59% |
| Promoter-Indian | 51.5% |
| Non-Promoter-Institutions | 28.68% |
| Non-Promoter-Non-Institutions | 12.22% |
Engineers India Limited Public Announcement >>Document
Engineers India Limited Letter of Offer >>Document
Engineers India Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 119 Equity Share out of every 828 fully paid-up Equity Share held on the Record Date. | 14.37 |
| General Category | 80 Equity Share out of every 753 fully paid-up Equity Share held on the Record Date. | 10.62 |
For Engineers India Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 168.09%, No. of Equity Shares reserved in Buyback was 5,93,88,689 where valid bid received for retail category was 9,98,23,771 which is 168.09% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 154.14%, No. of Equity Shares reserved in Buyback was 1,04,80,358 where valid bid received for retail category was 1,61,54,828 which is 154.14%. Final Acceptance Ratio for Retail Investors was 14.31%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 941.65 (0.35%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 163.70 (-0.79%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.65 (0.44%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 461.75 (1.09%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Engineers India Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Engineers India Limited? How can I apply in Engineers India Limited Buyback offer?Last Updated on 2021-02-18T08:48:12+00:00
