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Technocraft Industries Buyback 2022 vs Tips Industries Buyback 2022

Comparision between Technocraft Industries Buyback 2022 and Tips Industries Buyback 2022.

Buyback Details

Technocraft Industries Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Tips Industries Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

  Technocraft Industries (India) Limited Tips Industries Limited
Logo Technocraft Industries Buyback 2022 Logo Tips Industries Buyback 2022 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1000 per share ₹2600 per share
Issue Size 15,00,000 shares 1,26,000 shares
Issue Size (Amount) ₹150.00 Crores ₹32.76 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.225,000.00
General Category for all other Eligible Shareholders31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date.1,275,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Systematix Corporate Services Limited Inga Ventures Pvt Ltd
Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders;
  2. The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders;
  3. The Buyback may help in improving return on equity leading to long term increase in shareholders' value;
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and
  5. The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity.

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Technocraft Industries Buyback 2022 and Tips Industries Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Technocraft Industries Buyback 2022 Buyback record date is Dec 30, 2022. Tips Industries Buyback 2022 Buyback record date is Dec 30, 2022.

  Technocraft Industries (India) Limited Tips Industries Limited
Record Date Dec 30, 2022 Dec 30, 2022
Offer Open Date Feb 01, 2023 Jan 27, 2023
Offer Closure Date Feb 14, 2023 Feb 09, 2023
Last date for receipt of tender forms Feb 16, 2023 Feb 09, 2023
Finalisation of buyback Feb 21, 2023 Feb 17, 2023
Last Date for settlment of bids Feb 22, 2023 Feb 20, 2023
Last Date for extinguishment of shares Mar 01, 2023 Feb 27, 2023

Financial Details and Other Relevent Information

Comparison of Technocraft Industries Buyback 2022 and Tips Industries Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Technocraft Industries (India) Limited Tips Industries Limited
Financial
Technocraft Industries (India) Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201393.98123.1924.46914.16635.08
31-Mar-211352.34146.831069.371044.91466.92
31-Mar-221958.55274.571332.031307.57506.14
Amount in ₹ Crore
Tips Industries Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20108.8211.3480.11
31-Mar-2195.4243.47100.91
31-Mar-22138.864.56102.61
30-Sep-2285.9638137.57
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 890.25 746.95 827.38
Oct-2022 846.00 689.65 747.42
Sep-2022 925.00 741.20 837.17

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1923.90 1725.00 1837.57
Oct-2022 1850.00 1456.15 1598.71
Sep-2022 1740.00 1470.00 1591.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 894.45 751.60 826.87
Oct-2022 819.00 701.05 747.21
Sep-2022 926.45 742.40 835.93

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1910.00 1700.00 1837.56
Oct-2022 1850.00 1458.45 1601.22
Sep-2022 1724.95 1465.00 1592.46

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