Indian Toners & Developers Limited Buyback 2024

1. About: Indian Toners & Developers Limited (ITDL) operates as a leading manufacturer and exporter of compatible toners for use in laser printers, copiers, and multifunction printers. The company follows a B2B model, supplying its products to original equipment manufacturers (OEMs), distributors, and large-scale enterprises globally.

2. Products and Services: ITDL specializes in producing a wide range of toners, including monochrome and color toners for various printer models. The company also offers customized toner formulations to meet the specific requirements of its clients, ensuring high-quality printing performance.

3. Branches and Subsidiaries: Indian Toners & Developers Limited has a strong presence in India, with manufacturing units and branches located in key industrial regions. The company also operates through its subsidiary, Indian Toners USA Company, which serves the North American market, expanding its global footprint.

4. Achievements: ITDL has earned a reputation as a reliable and innovative player in the toner industry, recognized for its consistent product quality and technological advancements. The company has been awarded numerous accolades for its contributions to the industry and has successfully established a significant export market presence.

5. Sustainability and R&D: Indian Toners & Developers Limited is committed to sustainability, focusing on eco-friendly manufacturing processes and products. The company invests heavily in research and development to stay ahead in the competitive market, continually improving its product offerings to meet the evolving needs of its customers.

6. Global Reach: With a robust distribution network and strategic partnerships, ITDL has expanded its market reach to over 40 countries, making it one of the most prominent players in the global toner industry.

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Aug 30 2024
Buyback Opening Date: Sep 05 2024
Buyback Closing Date: Sep 11 2024
Buyback Offer Amount: ₹ 20.62 Cr.
Date of Board Meeting approving the proposal: Aug 20 2024
Date of Public Announcement: Aug 20 2024
Buyback Offer Size: 4.22%
Buyback Number of Shares: 4,58,268
FV: 10
Buyback Price: ₹ 450 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 4,58,268 (Four Lacs Fifty Eight Thousand Two Hundred Sixty Eight) equity shares of the Company (representing 4.22% of the total number of equity shares in the paid up share capital of the Company) at a price of Rs. 450/- (Indian Rupees Four Hundred Fifty Only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 20,62,20,6001- (Rupees Twenty Crores Sixty Two Lacs Twenty Thousand and Six Hundred Only).

Salient financial parameters:

Particulars (In Cr) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 91 88 122 159 163
Expenses + 78 73 99 124 129
Operating Profit 13 16 24 35 34
OPM % 14% 18% 19% 22% 21%
Other Income + 7 8 4 4 6
Interest 1 0 0 1 0
Depreciation 4 4 4 4 5
Profit before tax 15 19 23 34 34
Tax % 17% 28% 19% 23% 23%
Net Profit + 12 14 19 26 26
EPS in Rs 9.26 12.49 17.46 24.25 24.09
Dividend Payout % 32% 24% 34% 14% 19%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Indian Toners & Developers Limited in Demat or physical form as on the record date [30-08-2024].
2. Once you have shares in Demat, you can participate in the buyback process which is opening from [05-09-2024] by selling your shares through your broker on NSE or BSE,
3. Then on [19-09-2024], 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 444 Shares at CPM of Rs. 368 (2,00,000/450)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 163392 163392 163392 163392
No. of Shares Buyback 146 222 333 444
Buyback Profit 11972 18204 27306 36408
Profit% 7.33% 11.14% 16.71% 22.28%

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