Industrial Prudential Investment Co.Ltd Buyback Review

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Industrial & Prudential Investment Co. Ltd. is a Mumbai based 90+ years old company which is dealing in investment and securities and registered as NBFC with RBI. The principal business of the company is dealing in investments and securities. The Board of Directors periodically reviews the investment portfolio of investors is by the and a cautious approach is a keynote of the policy to mitigate the risks.

The company has announced its share buyback for the year 2021. The size of the buyback is ₹ 8.34 Cr. The company has announced to repurchase 69,500 shares which are 24.99% of the total paid-up equity @ ₹ 1200 per share. The price of the buyback is a 16.6% premium to the previous closing day of the announcement date.

What is Industrial & Prudential Investment Co. Ltd Buyback details?

Below is the complete details about Industrial & Prudential Investment Co. Ltd Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 8.34 Cr
    Buyback Number of Shares: 69,500
    Buyback Price: Rs 1,200
    Buyback Offer Size (In %): 24.99%
    Total Share Capital: Rs 186.7 Cr
    Face Value: 10 Per Equity Share
    Buyback Offer Size (In %): 24.99%

Can I Invest today to participate in Industrial & Prudential Investment Co. Ltd buyback offer? No

What are Industrial & Prudential Investment Co. Ltd Buyback Important Dates?

In this section we have covered all important dates related to Industrial & Prudential Investment Co. Ltd 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.

    Industrial & Prudential Investment Co. Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 12th Nov 2020
    Buyback Approval date 12th Nov 2020
    Public Announcement of Buyback 22nd Dec 2020
    Record Date 1st Jan 2021
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar
    Last date of extinguishment of Equity Shares Not Yet Announced

Industrial & Prudential Investment Co. Ltd Share Holding Pattern as of Sept 2020

Stock Holding table gives a clear picture on retail investor holdings of Industrial & Prudential Investment Co. Ltd 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 0.00%
    Promoter-Indian 65.89%
    Non-Promoter-Institutions 0.08%
    Non-Promoter-Non-Institutions 34.03%

Industrial & Prudential Investment Co. Ltd Public Announcement >>Document

Industrial & Prudential Investment Co. Ltd Draft Letter of Offer >>Document

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Industrial & Prudential Investment Co. Ltd 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 Industrial & Prudential Investment Co. Ltd? How can I apply in Industrial & Prudential Investment Co. Ltd Buyback offer?

Company Contact Information

Industrial And Prudential Investment Company Limited
Paharpur House,8/1/B, Diamond Harbour Road,
Kolkata 700 027, India.
Phone: 033 4013300
Email: [email protected]

Registrar Contact Information

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vikhroli (W),
Mumbai-400083
Tel.: +91 22 49186200
Email:[email protected]
Website: www.linkintime.co.in
Request call back from

Last Updated on 2020-12-29T09:11:23+00:00


Buyback FAQs

  1. 1. What is the record date for Industrial & Prudential Investment Co. Ltd buyback offer?

    The Record Date for Industrial & Prudential Investment Co. Ltd Buyback offer is 1st Jan 2021

    Which means you should hold the Industrial & Prudential Investment Co. Ltd share in your demat account by closing session of 1st Jan 2021. Share purchased on and before (1st Jan 2021) - 2 business days will be available in your demat account by 1st Jan 2021.

     

     

  2. 2. How much I can make with Industrial & Prudential Investment Co. Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Industrial & Prudential Investment Co. Ltd shares at ₹1,000 and buyback offer price is ₹1,200, you can get ₹0 per accepted share. If you hold 200000 shares of Industrial & Prudential Investment Co. Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 66000 to 100000 shares with the gain from buyback of ₹0 to ₹0.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Industrial & Prudential Investment Co. Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%66000₹0
    50%100000₹0
    75%150000₹0
    100%200000₹0

     

     

  3. 3. How to Participate in Industrial & Prudential Investment Co. Ltd buyback offer?

    Steps to participate in Industrial & Prudential Investment Co. Ltd buyback:

    1. On Record date (1st Jan 2021) you must have share of Industrial & Prudential Investment Co. Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Industrial & Prudential Investment Co. Ltd share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Industrial & Prudential Investment Co. Ltd share for buyback?

    Buyback opening date for Industrial & Prudential Investment Co. Ltd: Not Yet Announced

    Buyback closing date for Industrial & Prudential Investment Co. Ltd: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

  6. 7. When I need to tender Industrial & Prudential Investment Co. Ltd share for buyback?

    Buyback opening date for Industrial & Prudential Investment Co. Ltd: Not Yet Announced

    Buyback closing date for Industrial & Prudential Investment Co. Ltd: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

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  2020-12-24T11:41:36+00:00

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