Zerodha (Trading Account)
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Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Incorporated in 1932, Triveni Engineering and Industries Limited is one of the largest integrated sugar manufacturers in India and a market leader in engineering businesses.
The company produces high-quality potable alcohol and fuel-grade ethanol. The company's engineering arm provides water treatment solutions, power transmission, and defence solutions.
The Company is one of the largest integrated sugar producers in India, having a total crushing capacity of 61,000 TCD (the "Sugar Business") and is amongst the leading players in Engineering businesses, comprising power transmission and Water and Wastewater Treatment Solutions (the "Engineering Business").
The company has two core businesses:
Power Transmission Business ("PTB") and Water Business ("WB").
The Company&rsquo's PTB comprises three business segments including gears, defence and built-to-print, whereas the offerings of WB include customised, sustainable engineering, procurement and construction solutions/services.
| Issue Period | February 16, 2023 - March 1, 2023 |
| Security Name | Triveni Engineering and Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 22,857,142 |
| Issue Size (Amount) | ₹800.00 Crores |
| Buyback Price | ₹350 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Last Date to buy shares | December 21, 2022 |
| Record Date | December 23, 2022 |
| Offer Opens On | February 16, 2023 |
| Last Date for receipt of Tender Forms | March 1, 2023 |
| Offer Closes On * | March 1, 2023 |
| Finalisation of Buyback Acceptance | March 10, 2023 |
| Last Date for settlment of bids | March 13, 2023 |
| Last Date for Extinguishment of Shares | March 20, 2023 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date. | 3,428,572.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date. | 19,428,570.00 |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 4472.9 | 335.12 | 1303.62 | 1268.5 | 1547.77 |
| 31-Mar-21 | 4733.75 | 294.6 | 1517.35 | 1480.01 | 990.48 |
| 31-Mar-22 | 4716.23 | 424.06 | 1869.38 | 1831.81 | 1575.06 |
| 30-Sep-22 | 2854.67 | 1454.21 | 3281.28 | 3244.26 | 883.98 |
| Amount in ₹ Crore | |||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 308.85 | 252.30 | 277.35 |
| Oct-2022 | 291.80 | 249.30 | 270.63 |
| Sep-2022 | 294.35 | 232.80 | 253.42 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 308.90 | 252.05 | 277.47 |
| Oct-2022 | 292.00 | 247.30 | 270.58 |
| Sep-2022 | 294.35 | 231.60 | 253.48 |
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.
2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.
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Triveni Engineering and Industries Limited
A-44, Hosiery Complex,
Phase-II Extension,
Noida - 201 305
Phone: 91 120 4308000
Email: shares@trivenigroup.com
Website: http://www.trivenigroup.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: triveni.buyback2022@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The Triveni Engineering Buyback 2022 opens on February 16, 2023, and closes on March 1, 2023.
Last date to be eligible to participate in buyback is December 21, 2022.
The Triveni Engineering Buyback 2022 is a Tender Offer.
Triveni Engineering Buyback 2022 Schedule
| Buyback Opening Date | February 16, 2023 |
| Buyback Closing Date | March 1, 2023 |
| Last Date for receipt of Tender Forms | March 1, 2023 |
| Finalisation of Buyback Acceptance | March 10, 2023 |
| Last Date for settlment of bids | March 13, 2023 |
| Last Date for Extinguishment of Shares | March 20, 2023 |
The Triveni Engineering Buyback 2022 is being offered at Rs ₹350 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date. | 3,428,572.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date. | 19,428,570.00 |
The record date for the Triveni Engineering Buyback 2022 is December 23, 2022.
The issue size of Triveni Engineering Buyback 2022 is of 22,857,142 equity shares at ₹350 per share aggregating upto ₹800.00 Crores.
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.
2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Triveni Engineering Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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CMP : Around Rs.830/-
Buyback Price: Rs.1070/-
Buyback Size: 10,09,135 shares i.e.,3.7% of the total paid up equity capital.
Buyback Mode: Tender Offer Route
Record Date: 14/12/2022
All the best to all of you. Thank you.