HPCL Q2 profit more than doubles to Rs 2,477.4 crore; announces buyback of Rs 2,500 crore. The company announced a share buyback of Rs 2,500 crore at Rs 250 per equity share

The board of Hindustan Petroleum Corp Ltd (HPCL) will on November 4 consider a share buyback plan as the company management feels the share price is lower than the value it deserves.

In a notice to the stock exchanges, HPCL said its board of directors will meet on November 4 to consider financial results for the second quarter (July-September) and half year (April-September for 2020-21 fiscal.

HPCL announces ₹2,500-cr share buyback at ₹250 per share.

HPCL Share Buyback Offer Details

HPCL Share Buy Back Plan | HPCL Buyback Shares

Buyback Type: Tender Offer
HPCL Buyback Record Date: Nov 21 2020
HPCL Buyback Offer Amount: 2,500 crore
Date of Board Meeting approving the proposal: Nov 04 2020
Date of Public Announcement: Nov 04 2020
HPCL Buyback Offer Size: 6.56%
Buyback Number of Shares: 10 Crore
Price Type: Tender Offer
Face Value (FV): 10
HPCL Buyback Price: ₹ 250 Per Equity Share
HPCL Buyback Premium: 33%

Can I Invest today to participate in HPCL buyback offer? : Wait

Also Check:- Latest Share Buyback 2020

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HPCL Buyback Important Dates

In this section we have covered all important dates related to “HPCL Buyback Date”. Dates are updated as they are announced. The most noted dates are HPCL record date and HPCL buyback open and close dates, which one should use to participate in buyback.

HPCL Buyback Offer Dates
Buyback Activity Date
Board Meeting for HPCL Buyback proposal 04.11.2020
HPCL Buyback Approval date 18.11.2020
Public Announcement of HPCL Buyback 18.11.2020
HPCL Buyback Record Date Coming Soon
HPCL Buyback opens on/Buyback Opening Date Coming Soon
HPCL Buyback closes on/Buyback Closing Date Coming Soon
Cut-off date to receive completed tender forms by Registrar Coming Soon
Cut-off date for verification by the Registrar Coming Soon
Cut-off date to inform Stock Exchange on acceptance or
non-acceptance of tendered Equity Shares by Registrar
Coming Soon
Last date of settlement of bids on the stock exchange Coming Soon
Last date to return unaccepted shares by Registrar Coming Soon
Last date of extinguishment of Equity Shares Coming Soon

Upcoming Buyback 2020

HPCL Share Holding Pattern as of SEP 2020

Stock Holding table gives a clear picture on retail investor holdings of HPCL shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in HPCL buyback under retail category which is equal to higher profit.

Holding Type In %
Promoter-ONGC 51.11%
FIIs 15.49%
DIIs 22.29%
Public 11.11%

HPCL Buyback Price

The board of Hindustan Petroleum Corp Ltd (HPCL) on Wednesday approved share buyback worth ₹2,500 crore.

The board has approved proposal to buyback 10 crore shares, which represents 6.56% equity share, at ₹250 per share.

The buyback price is at premium of 34% to HPCL stocks’ closing price on 4 November.

On Wednesday, HPCL’s scrip on NSE closed 0.83% higher at ₹187.20.

HPCL’s standalone net profit more than doubled during the September quarter at ₹2,477 crore as against ₹1,052 crore a year ago.

However, the total income decreased to ₹62,419 crore as compared to ₹66,854 crore in September 2019.

HPCL Buyback Record Date

Tentative Record Date To Participate In HPCL Buyback is Nov 21 2020

How to Apply for HPCL Buyback?

Now if you are wondering ‘how do I apply for a buyback?’ we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.

This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer.

During the application process of share buyback, you will be given a tender form by the company. This form is where you enter the number of shares of that company that you wish to tender.

There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks. Different companies have different ratios for share buybacks.

Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:

  1. The number of shares you hold from the said company as on the record date
  2. The number of shares that fit the eligibility criteria for buybacks
  3. The number of shares that one is applying for a buyback.

Apply HPCL buyback from Zerodha

Here is complete method from Zerodha

You can apply for Buybacks on Console> Portfolio> Corporate action order window

  • Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
  • Enter the number of shares you want to tender and click on ‘Submit’
  • Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.

Latest & Upcoming Buybacks 2020

Company Contact Information

Hindustan Petroleum Corp Ltd (HPCL)
Corporate Headquarters Office
Petroleum House, 17, Jamshedji Tata Road, Mumbai , Mumbai , Maharashtra , Mumbai , 400020. email – corphqo@hpcl.in
022 – 22863900

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Tel:+91 022 49186200
Contact Person: Mr. Sumeet Deshpande
E-mail: rites.buyback2020@linkintime.co.in

***Related Queries***

HPCL 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 HPCL buyback? How can I apply in HPCL Buyback offer?

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HPCL Buyback 2020 FAQs:

When is HPCL Buyback Record Date?

HPCL buyback 2020 record date will be announced on Nov 6, 2020.

When is HPCL Buyback announcement Date?

HPCL buyback 2020 announcement date is Nov 6, 2020.

What is HPCL Buyback Price?

The company has fixed the price at 250 per share.

How to apply for HPCL Buyback 2020?

As per the hpcl record date you need to have HPCL shares in your demat account. You can participate in buyback after having the stock in your account.

What is the record date for HPCL buyback offer?

The Record Date for HPCL Buyback offer is (Coming Soon)

How much I can make with HPCL buyback offer?

Its all depend on acceptance ratio which usually announce with Letter of Offer.
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.

How to Participate in HPCL buyback offer?

Steps to participate in HPCL buyback:
On Record date (Coming Soon) you must have share of HPCL in your demat account. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
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.
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.

How many HPCL 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.

When I need to tender HPCL share for buyback?

Buyback opening date for HPCL: (Coming Soon)
Buyback closing date for HPCL: (Coming Soon)
This is the window when you need to submit your application for proposal for share buyback.

When I will know how much shares accepted in HPCL buyback offer?

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before (Coming Soon).