Technocraft Industries (India) Ltd Buyback 2022
From inception till 1994, Technocraft continued developing and increasing the production of Drum Closures until it became one of the largest and most recognized suppliers of Drum Closures in the world. The company subsequently in 1994 acquired “Maharashtra Steel Tubes Ltd” from Sicom, which manufactured Steel Pipes.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Dec 30 2022 |
| Buyback Opening Date: | Feb 01 2023 |
| Buyback Closing Date: | Feb 14 2023 |
| Buyback Offer Amount: | ₹ 150 Cr |
| Date of Board Meeting approving the proposal: | Nov 14 2022 |
| Date of Public Announcement: | Nov 14 2022 |
| Buyback Offer Size: | 6.13% |
| Buyback Number of Shares: | 15,00,000 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 1000 Per Equity Share |
Details of Buyback:
The proposal to buyback not exceeding 15,00,000 (Fifty Fifteen Lakh ) equity shares of face value of Rs. 10 of the Company (representing 6.13% of the total number of equity shares in the paid-up share capital of the Company) at a price of ~ 1000 (Rupees One Thousand Only) per equity share payable in cash for an aggregate consideration not exceeding 150 Cr (Rupees One Hundred Fifty Crore Only).
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Triveni Turbine Limited Buyback Offer 2022 in Demat or physical form as on the record date [30-12-2022]
2. Once you have shares in Demat, you can participate in the buyback process which is opening from[01-02-2023 to 14-02-2023] by selling your shares through your broker on NSE or BSE.
3. Then on [22-02-2023], 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 200 Shares at CPM of Rs 860 (2,00,000/1000)
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| (i) Amount Invested in Buyback | 1,72,000 | 1,72,000 | 1,72,000 | 1,72,000 |
| (ii) No. of Shares buyback | 66 | 100 | 150 | 200 |
| (iii) Buy Back Profit | 9,240 | 14,000 | 21,000 | 28,000 |
| (iv) Profit(%) | 5.37% | 8.13% | 12.20% | 16.27% |
49 Comments
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Amount not credited to my account as of now, has anybody received.
100% AR almost confirmed. Congratulations to all
where can we check data related to total shares submitted?
It is 100% .First time I am sad even after 100 AR .Today’s price 1080 so 80 rs per share loss in profit.
Market rate 1989… 100% AR Confirmed… Its your choice… now… Better to sell in buyback to avoid tax
Very good ER 79/ 200 i.e. 39.5%, expecting More than 80% Acceptance.
Technocraft E R 36.67% 11out of 30 mail received today.
Friday the 30th December 2022 is the Record date for Tips Industries also.
Friday the 30th December is the Record date
Technocraft Industries (India) Limited:-
[Announcement on 20/12/2022] The Company has fixed December 30, 2022 as the Record Date for the purpose of determining the entitlement and the names of the Eligible Shareholders.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9154167-30e4-4dcd-b4f1-c59fe450d451.pdf
I bought 100 shares at 850 and sold at 915. Will buy again before buyback.
Thanks to all the members of this forum.
Sir
What us the record date if kama holdings
SRK Sir, the Price of TIIL has been increasing daily for the last few days. Should we consider it buying at CMP of 895/- or should wait for 850/-?
Have you made any position in this?
I have purchased a few shares at 850/- in past but today I sold them at @897/-.
Sir,
I am holding 64 shares @ Rs.852/-. I am hopefully looking forward for the AR of not less than 40%. Thank you n all the best.
Is any body having any news about pending buyback news of hinduja global services HGS.share is rising
On or After 7 December they announce information regarding buyback.
We expect tender route method buyback.
There is no such announcement or information regarding HGS Buyback.
I will wait to buy this stock at lower levels once the official buyback announcement is declared by the company in the coming days and will wait for the selling pressure to be adsorbed once the share of HGS gets listed in the market with respect to the merger of NXT-Digital media business in HGS.
After 19 December they announce details of buyback.
Mohsin Ji, can you shed some light on the “Source” of this information? As I can’t find any such information on BSE.
transcript of hgs.
https://www.bseindia.com/xml-data/corpfiling/AttachHis//da273d9c-405c-4d03-b451-59e07528b728.pdf
Can u please your any contact like mail id. Or whatsapp no.
Mohsin Ji, this is my contact number 8847291947.
1050 crore buyback by HGS .Now what will be expected entitlement ratio on today basis
Girish ji…
Depends on price of buyback.
Approximately 10-18% ER
Lets see how it comes
Tender or open market
And
Price
Cosmo first buyback.
Type : Tender route
Price : 1070rs
Cmp : 830rs
Am. Of buyback : 108cr
Record date : 14/12/22
But jen pharma declared open offer @702
Buyback Size : 10,09,345 shares
Percentage : 3.7% of the total paid up equity capital
All the best to all of you. Thank you.
The above information is relating to the Buyback of shares of Cosmos First Buyback . Sorry.
What will be projected entitlement ratio.?
According to my understanding ER in Cosmo first can be around 5%-7%.
Cosmo first and jen pharma buyback MEETING are on 1st dec 22.shares are rising
Thanks.
Valuable information.
Thanks Girish Ji. you are great !!
Too high runup in Cosmofirst and JENBURKT PHARMACEUTICALS LTD.
Also didn’t like 29% retail holding in Jenburkt pharma…
Would definitely wait for details..
Jenburkt Pharmaceuticals Ltd declared an open market buyback at the maximum price of 702/-. Investors can wait for an exit at price higher than CMP once the company started buying from the open market.
Volumes are very low in stock. And in the coming days, we can expect a rise in price because of buying of free float shares by the company from the open market.
IEX Buyback:
0.55% only and that also through open market…
Avoid from my side..
HELLO, YOUR VIEWS ON TIPS INDUSTRIES BUYBACK PLEASE.
Very small size, very small %age.. Not interesting….
Meeting for Buyback from IEX on 25th November. This company has no promoter and shares are with public and have 39% share with small share holders.
I feel it should be open market… Not much beneficial…
Experts kindly suggest, if it should be bought now?
You are again right.its open offer .of no use
Jagran 69.80, slowly moving to Rs 75/- the buyback price… Leading to 100% AR 🙂
Sumit ji,
I am also hopefully looking forward for a very good AR. I have purchased 830 shares in all for the two accounts due to the financial constraints. Thank you.
Great SRK Ji, But why in 2 accounts? as upto 2 lac can be bought in 1 account?
Sumit ji,
By selling some of the shares in the respective accounts. Thank you.
Can’t resist. Bought 200@848. Any comment from experts. AR would hopefully cover the price fluctuation 🙂
Sumit ji,
Today I also have purchased only 36 shares @ Rs.846.8 due to the financial constraints. Hopefully looking forward for a good AR.
Appears to be good option, but would wait to get at 820 -830… Market already heated up …
Dear Sumitji, Any idea, like what is the possbile AR or ER one can look forward in this script
ER should be 14 to 16% as probably not much retail would be added,, AR should be 30-40%. Lets wait for the record date for more clarity..
Sumit ji,
If AR is not less than 30%, we can consider the Buyback as a reasonably good one. Of course, let’s wait and see. Thank you.
SRK Sir, the Price of TIIL has been increasing daily for the last few days. Should we consider it buying at CMP of 895/- or should wait for 850/-?
Have you made any position in this?
I have purchased a few shares at 850/- in past but today I sold them at @897/-.