Control Print Limited Buyback 2023

Control Print Limited is a renowned coding and marking equipment manufacturer, known for its exceptional products and services. Established on 14th January 1991, Control Print has emerged as a pioneer in the field, providing innovative solutions to meet the coding and marking needs of various sectors.

In addition to manufacturing top-quality coding & Marking Equipments. Control Print Limited also produces coding and marking related consumables such as fluid ink, ink ribbons, and other essential supplies. This comprehensive approach ensures that customers can rely on Control Print for all their coding and marking requirements.

Control Print, headquartered in Mumbai, India, has emerged as the premier Indian manufacturer in the coding and marking industry. With an initial branch and rapid expansion to 11 branches across India. the company has established a strong presence both domestically and internationally. With offices in Sri Lanka, Bangladesh, Nepal, and Oman, Control Print serves a wide range of markets

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Aug 18 2023
Buyback Opening Date: Aug 24 2023
Buyback Closing Date: Aug 30 2023
Buyback Offer Amount: ₹ 27 Cr
Date of Board Meeting approving the proposal: Jul 31 2023
Date of Public Announcement: Jul 31 2023
Buyback Offer Size: 2.07%
Buyback Number of Shares: 3,37,500
Price Type: Tender Offer
FV: 10
Buyback Price: ₹ 800 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 3,37,500 ((Three Lakh Thirty-Seven Thousand Five Hundred ) equity shares of the Company (representing 2.07% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 800/- (Rupees Eight Hundred Only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 27,00,00,000(Rupees Twenty-Seven Crore Only).

Salient financial parameters:

Particulars (in Cr. Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales + 175 195 204 256 304
Expenses + 135 149 154 197 228
Operating Profit 40 46 50 59 76
OPM % 23% 24% 24% 23% 25%
Other Income + 5 -3 -1 5 4
Interest 0 1 1 1 1
Depreciation 8 9 12 15 15
Profit before tax 37 33 35 49 64
Tax % 20% 20% 17% 18% 17%
Net Profit + 30 26 29 40 53
EPS in Rs 18.22 16.13 17.79 24.55 32.36
Dividend Payout % 36% 50% 48% 37% 28%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Larsen & Toubro Limited in Demat or physical form as on the record date [18.08.2023]. 2. Once you have shares in Demat, you can participate in the buyback process which is opening from [24.08.2023] by selling your shares through your broker on NSE or BSE. 3. Then on [15.09.2023], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 250 Shares at CPM of Rs. 636(2,00,000/800)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,59,000 1,59,000 1,59,000 1,59,000
No. of Shares Buyback 82 125 187 250
Buyback Profit 13,448 20,500 30,668 41,000
Profit% 8.45% 12.89% 19.28% 25.70%


      It doesn’t matter since the CMP has already crossed the buyback price.

    I hope you missed a digit either in the left or on the right, Rohit Ji 😊 This reply is related to your valuable comments on ER which has appeared in the wrong place, I don’t know how.

    Tcn brands now 436
    Delisting 503
    Can we purchase today for takeover @503
    Pl advice seniors

    This one seems to be a leaping with out any Cntrol whatever…

        Could you please tell whether ER is being worked out in a mathematically accurate way or in a safe estimate method for buy back purposes by Companies. I often wonder why there generally is a huge difference between ER & AR.

        ER is ratio where all shareholders are considered and in AR ONLY the share holders who applied for the Buyback are considered for the calculation. So you can say first one is theoretical value and second one practical value

          I am sorry, I have failed in making my query in a manner, understandable.My query had arisen as the ER of James Warren Tea ☕ was around 15% as against the buy back offer of 15.9% or so. Sumit ji had maintained in his valuable comments that the AR will still be around or near 100% . Now he has been proved right . I see a gigantic difference between ER and AR here. Wish good luck to all.

        Moved out today at a approx profit of 5% as I think AR will be less than 10-15% and as this is first time buyback so no details are available regarding ER and AR ration

            Thanks for the details. I am still learning about delisting and I hope to start trading in delisting opportunities in the next couple of months. Also, all my funds usually remain blocked in buybacks.

          This one has been sprinting and should be named sprinter, not printer in future.I will be watching this stock for some more months after the buyback.Disappointed because I booked profit and moved out prematurely. Failed to hold on till yesterday afternoon.

        I hope you missed a digit either in the left or on the right. Rohit Ji 😊

          No, nothing on the left or right. Single digit return of 5% in less than a week I think.

            Sorry, I thought by ER you meant Entitlement Ratio. If it is return 4-5% is plenty ,if not lottery. By the way do you subscribe for IPOs. I wonder what is the basis of allotment, whether proportionate or lottery in case of oversubscription.

              Yes, I did sometime but not recently. It is generally lottery in the case of retail category.

    Thanks to your warning,SRK Ji I could control my temptation and didn’t buy this relatively unknown share earlier.Avoided loss of about ₹30/ per share. Wish you good luck as well.

      suppose ER is 7%,
      and if i tendered 5 share,


        If you have had 100 shares on the record date, yes 5 will certainly be accepted.

      Thank you very much for your kind words, Gopi ji.

    Any update on the outcome of the Board meeting if known,please share.

    Excellent financial parameters.Eagerly waiting for the Board meeting outcome.

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