Technocraft Industries (India) Limited Buyback 2024
1. Business Model
Incorporated on 28 Oct 1992, Technocraft Industries (India) Limited operates a diversified manufacturing business, catering to various sectors including engineering, textiles, and drums & closures. The company has a vertically integrated business model, allowing control over the entire production process, from raw material sourcing to final product manufacturing and distribution.
2. Products and Services:
a) Engineering Products: The company is a leading manufacturer of high-precision scaffolding systems, formwork, and accessories used in the construction industry. It also produces engineering components like drum closures, which are used globally in the packaging industry.
b) Textile Products: Technocraft manufactures high-quality cotton yarn, fabric, and garments, serving both domestic and international markets.
c) Drums and Closures: The company produces steel drums and closures, which are essential for packaging liquids in various industries including chemicals and food.
3. Branches and Global Reach:
Technocraft Industries has a significant global footprint, with exports to over 80 countries. The company operates manufacturing facilities in India and has sales offices and distribution networks across Europe, the Americas, and Asia. The company’s manufacturing units are strategically located in India, ensuring efficient production and distribution.
4. Achievements:
Technocraft Industries has received several awards for its excellence in manufacturing and export performance. It is recognized as one of the leading manufacturers in its segments globally. The company is known for its focus on innovation, quality, and customer satisfaction, consistently delivering products that meet international standards.
5. Innovation and R&D:
Technocraft invests heavily in research and development to enhance its product offerings and maintain its competitive edge in the market. The company continually innovates in both its engineering and textile divisions to meet evolving industry demands.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 27 2024 |
| Buyback Opening Date: | Sep 02 2024 |
| Buyback Closing Date: | Sep 06 2024 |
| Buyback Offer Amount: | ₹ 130 Cr. |
| Date of Board Meeting approving the proposal: | Aug 13 2024 |
| Date of Public Announcement: | Aug 13 2024 |
| Buyback Offer Size: | 1.26% |
| Buyback Number of Shares: | 2,88,889 |
| FV: | 10 |
| Buyback Price: | ₹ 4500 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 1,352 | 1,295 | 1,911 | 1,985 | 2,182 |
| Expenses + | 1,148 | 1,092 | 1,519 | 1,581 | 1,783 |
| Operating Profit | 204 | 203 | 392 | 403 | 398 |
| OPM % | 15% | 16% | 21% | 20% | 18% |
| Other Income + | 45 | 68 | 52 | 54 | 81 |
| Interest | 37 | 29 | 21 | 28 | 40 |
| Depreciation | 52 | 68 | 63 | 64 | 68 |
| Profit before tax | 159 | 175 | 360 | 366 | 372 |
| Tax % | 21% | 23% | 24% | 24% | 25% |
| Net Profit + | 126 | 134 | 274 | 278 | 279 |
| EPS in Rs | 50.18 | 53.19 | 109.31 | 116.32 | 115.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
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 | 152680 | 152680 | 152680 | 152680 |
| No. of Shares Buyback | 14 | 22 | 33 | 44 |
| Buyback Profit | 14420 | 22660 | 33990 | 45320 |
| Profit% | 9.44% | 14.84% | 22.26% | 29.68% |
42 Comments
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For me 1 share trick did not work 0/2
AR is 1/10 in my case.
ER-13.02%
Reserved Category ER-13.02
General Category ER- 1.08
Buyback opening date is 2nd September and closing date is 6th September.
has surged by close to 20%, is it still good to participate
@gopi
@siva ji
Any other member who has analysed this
help me to understand
in the nse site they have mentioned 13,314 shareHolders which owns shares of less than 2 Lakhs…
suppose in worst case all shareHolders owns shares worth of 2L then max number of shares each shareHolder can have is : 2L/3800 — approx (52 shares)
so total shares own by shareHolder is equal to = 52 * 13,314
= 692328 shares
then why NSE site shows 21,51,455 ??
which scenario should i consider for retailers category buyback 45000 shares out of 7L or out of 21L ?
Yes, I made some trading in this one and made very good gains because it provided tremendous opportunities by moving up and down with wide margins in the beginning.Not participating in buyback.
can 1 share strategy work her
Most probably, may try.
Small buyback size and high share price means it is not guaranteed . Only about 43k shares are reserved for retail investors.
Very funny query 💟🤗
1.26 % equity Buy back @ 4500 Rs
CMP: 3259 Rs
Record Date: 27-08-2024
WHATS NUMBER OF SHARES FOR BUYBACK ?
Thank you Aankit ji for the good news.
Awesome price
Any idea about size of buyback which is going to happen for Technocraft Industries (India).
288889 shares that is 130cr
Apne kaha dekha ..Bcz idhar 13 ko date tha announcement ka but hua hi nhi
Suprajit engineering buyback board meeting will be on 14th
Any confirmation?
112.5Cr buyback at 750/ per share
Record Date: 27/8/2024
Size: 15,00,000 shares I.e. 1.08% of the company’s total equity.
Mode: Tender offer route
Buyback Price: Rs. 750/- per share
All the best n happy investment.
Atul ji, I made very good use of your early update on Suprajit.Thanks a lot.
Trent. Ltd will buyback at 7506
Can someone confirm if Trent buyback is correct?
It doesn’t look like usual buyback where investors like us participate by tender.
It’s tender route
Kamal Bhai, my query is very simple.I hold say ,10 no of Trend shares as on today.Will I get an opportunity to participate in this buyback? I need a simple yes or no answer.
GopiJi Yes you will
I think the buyback is of a company in which Trent holds a 49% stake and Trent will be selling the shares of that company in the buyback , not buying back its own.
It looks a little confusing. Could you please clarify whether we can participate.I read in some medea about the first part of the matter, ie about Trend buying back 140000 shares of this particular company @ 7506/.
Inditex Trent Retail India Pvt Ltd (ITRIPL) is an associate company of Trent Ltd.
ITRIPL has sent a buyback offer to Trent .
The buyback price is Rs.7506 for shares of face value of Rs.1000 each of ITRIPL shares.
Hope this clarifies.
When will trent buyback meeting be held?
VLS FINANCE buy back price Rs.380
VLS FINANCE record date on 26.08.2024.
Got any information about record date buyback size & buyback price for VLS FINANCE ?
VLS Finance Ltd. announced a share buyback of up to 33 lakh shares at INR 380 per share, totaling INR 125.40 crore. The buyback, representing 9.48% of the paid-up capital,
February 23 buyback A R was100 percent for TILL.Now times have changed.I have bought some for old times sake.
@ what rate ?
Then buyback price was ₹ 1000/ per share and size was more than 6 percent.