Triveni Engineering & Industries Limited Buyback 2022
Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes, and water treatment solutions.
With 7 sugar mills, 6 co-generation units, and 1 distillery spread over 8 locations in Uttar Pradesh, we progressively engage with over 250,000 farmers through our cane marketing and development programs.
As the largest Indian manufacturer of high-speed and niche low-speed gears and gearboxes, Triveni commands a dominant market share in the gears market in the region. As a focussed player in the water treatment domain, we offer end-to-end services & product mix in the technology spectrum of water and wastewater treatment. We have dedicated manufacturing and R&D unit each for Gear and Water Treatment Applications at Mysore and Noida respectively.
The two major business segments – sugar and engineering – are mutually exclusive in terms of growth factors and the environment. The sugar business is immune to the upheavals in the global economy, and is dependent only on the sugar cycle. Our engineering businesses cater to the two most critical industries – power and water.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Dec 23 2022 |
| Buyback Opening Date: | Feb 16 2023 |
| Buyback Closing Date: | Mar 01 2023 |
| Buyback Offer Amount: | ₹ 800 Cr |
| Date of Board Meeting approving the proposal: | Nov 05 2022 |
| Date of Public Announcement: | Nov 05 2022 |
| Buyback Offer Size: | 9.45% |
| Buyback Number of Shares: | 2,28,57,142 |
| Price Type: | Tender Offer |
| FV: | 1 |
| Buyback Price: | ₹ 350 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
| Sales + | 2,824 | 3,370 | 3,152 | 4,437 | 4,674 |
| Expenses + | 2,302 | 3,094 | 2,842 | 3,893 | 4,112 |
| Operating Profit | 522 | 276 | 309 | 543 | 562 |
| OPM % | 18% | 8% | 10% | 12% | 12% |
| Other Income + | -36 | 33 | 83 | 56 | 28 |
| Interest | 127 | 85 | 68 | 79 | 52 |
| Depreciation | 57 | 55 | 57 | 75 | 79 |
| Profit before tax | 302 | 169 | 268 | 446 | 460 |
| Tax % | 16% | 29% | 19% | 25% | 36% |
| Net Profit | 253 | 119 | 216 | 335 | 295 |
| EPS in Rs | 9.81 | 4.62 | 8.38 | 13.52 | 12.19 |
| Dividend Payout % | 0% | 5% | 8% | 8% | 14% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,58,738 | 1,58,738 | 1,58,738 | 1,58,738 |
| No. of Shares buyback | 188 | 286 | 428 | 571 |
| BuyBack Profit | 13,536 | 20,592 | 30,816 | 41,112 |
| Profit | 8.52% | 12.9% | 19.41% | 25.8% |
58 Comments
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100% AR
640/640 Accepted
100% AR.
100/100 accepted
100%AR. 643/643. Congratulations to all the investors of this buyback.
Yes sir
Here 500/ 500
36% Entitlement Ratio
Yes … Hope Acceptance ratio in 70-100 range .. Very good buyback
Any Update on this Buyback??
Still waiting…
Hope next week we get Letter offer
I had 550 shares on record date… I had filled buyback form online through HDFC sec for 285 shares few days back. Now I would like to tender all my remaining shares also in buyback. Can I fill another form online for balance qty as HDFC sec is not allowing me to modify the existing form but is allowing filling of new form for additional qty
No idea for HDFC.
Better get answer from HDFC helpline support.
Entitlement announced. 81/225 for me. 36%
COSMO FIRST LIMITED BUYBACK:
Opening Date. 27/01/2023
Closing Date. 09/02/2023
Last date of settlement. 20/02/2023
TIPS INDUSTRIES LIMITED BUYBACK:
Opening Date. 27/01/2023
Closing Date. 09/02/2023
Last date of settlement. 20/02/2023
How much can be ER & AR for retailers? In how many days this buyback process is completed?
Kindly guide 🙏
Approximately
ER : 12-18%
AR : 25-30%
After record date may be it takes 60-75 days to complete buyback process.
Triveni Engineering and Industries Ltd has fixed Friday, December 23, 2022, as the Record Date for the purpose of determining the entitlement and the names of the holders of the Equity Shares who shall be eligible to participate in the Buyback.
Sir,
Before posting some information, it may please be verified whether that information was already posted by someone and available. Please don’t mind as it’s only a suggestion. Thank you n all the best.
Result of Postal Ballot is Out and it is approved with majority so record date will come out very soon.
23rd Dec is Record date and Ex Date will be 22nd Dec
Thanks a Lot. Ankit Ji for informing.
5 Crore Shares Traded today. I believe its now ready to raise up and for Buyback….
Learned experts Kindly suggest.
As September shareholding
i think 12% entitlement.
If big players take some from retails. Thn ER will be 20% approximately.
Added 200@ 280 Hopefully would recover now till Buyback…
My Analysis say 278-288 rate may be possible and good for buyback,, I would add more at 280 only. Thanks
276.50
Isn’t very close to my analysis?? 🙂 🙂
Yes very close. And thn jumped 282
Sumit ji,
What an assessment! You are really great. Your knowledge n experience are speaking volumes of all your kind views. Thank you once again for your kindness to help the readers. Please continue to help. Today I have purchased around 120 shares @ Rs. 281/-. All the best.
Thanks SRK ji for kind words. Its a good coincidence… Hopefully Triveni would improve now and close Buyback quickly..
Triveni reached 300. Very good chance of very high AR, seeing the current rend…
Sumit Sir have you made any position in Triveni in the past days? If yes, at what price and how much % of your expected total buy qty you have purchased? Can we consider it buying at CMP?
It is expected that the record date will be in the last week of December, so is it a wise decision to buy now or we should wait for a month to buy near the ex-date?
Hello Ayush ji,
I had bought 400@272.55 on 10-11-2022 and have rather sold 100 Nos yesterday at 303. The market is at all time high and macro economic conditions are not very good although India is at a sweet spot. So market can go either way and so is the Triveni.
But Buyback, gives a cushion of some benefit in case of a very large fall. I normally play like this…
I buy shares having good value and take buyback as an insurance of some %age.
Since it has run well and nearly 15% from the buyback, the cushion method can be thought or wait for a fall and buy around Rs 280/..
Analysis say 278-288 rate may be possible and good for buyback,, I would add more at 280 only. Thanks
Thanks, Sumit Sir for sharing your valuable insight.
Particulars of the buyback of the shares of Softsol India :
Buyback Price: Rs.170/-
CMP: Rs.150/-
Buyback Size: 20,58,824 shares representing 12.24%, of the total Equity Shares in the existing total paid-up equity share capital.
Buyback Mode: Tender Offer Route
Record Date: To be announced
All the best to all of you. Thank you.
Particulars of the buyback of the shares of eClerx Services Ltd :
Buyback Price: Rs.1900/-
Buyback Size: 15,78,947 shares
Buyback Mode: Tender Offer Route
Record Date: To be announced
All the best to all of you. Thank you.
Thanks SRK.
Eclerx seems to be good.
What’s your analysis on all?
Sumit ji,
In the previous buyback of 11/2021, AR was around 38%. I am benefited to the tune of Rs. 25000/-on the whole on my purchase of 51 shares. I am positive on the current Buyback also. Thank you. Please keep posting your valuable views on all the Buybacks.
Particulars of the buyback of the shares of Orbit Exports Ltd :
Buyback Price: Rs.245/-
Buyback Size: 4,00,000 shares
Buyback Mode: Tender Offer Route
Record Date: To be announced
All the best to all of you. Thank you.
Record Date is 18/11/2022 in respect of Orbit Exports Ltd. Sorry for the inconvenience caused due to non furnishing of the Record Date.
Request to Kindly add the %age of total equity to be bought back.
Thanks SRK ji
Sumit ji,
Around 1.5% of the total paid up shares are being allocated for the buyback. Thank you.
AR is around 24%. Not that much low as feared.
Particulars of the buyback of the shares of Jagran Prakashan Ltd :
Buyback Price: Rs.75/-
Buyback Size: 46,000,000 shares
Buyback Mode: Tender Offer Route
Record Date: To be announced
All the best to all of you. Thank you.
REPLY
Sumit ji,
Keeping in view, the size of the buyback and the small margin between the CMP and the Buyback Price, I am hopefully looking forward for the AR of not less than 70%. What is your opinion,Sir?
SRK Sir,
Thanks for your comments. I also assume the AR to be of the tune of 70% and as a dark horse may be 100%..
I found more the fuzz, less ins the AR. Currently Jagran fuzz is too low… Hopefully >70%
Thanks
Today, I have sold all my holdings @ Rs.73/-. However, the price crossed the buyback price. No problem.
Particulars of the buyback of the shares of Tips Industries :
Buyback Price: Rs.2600/-
Buyback Size: 1,26,000 shares
Buyback Mode: Tender Offer Route
Record Date: To be announced
All the best to all of you. Thank you.
Buyback of the shares of Balrampur Chini is through the Open Market. No use.
Large no of buyback in pipe line:
Eclerx
Softsol
Jagran
Tips Industries
Add Orbit Exports
Thank you very much.
Very good information.
Sir ..
Single share acceptance strategy works in Tips industries ?
9.45% and 800Cr is a great amount for buyback. ER can be 12-13% and I expect AR to be >>40%. But considering recent surge appears to be risky.
For Trivrni Engg
Right sir ,
For retail current ER 13%. ( As 11% share holding pattern of retails )
if big players absorve from retailers thn ER will be 22-25%
Jagran Publicatin Buyback announced.
Excellent opportunity of 12% with 100% AR possible
Buyback announced
Price : 350rs
Size : 800cr
Type : Tender route
@Team_Investorzone
Kindly update March’22 financial data as well