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%


    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.

    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/-.

      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

    Cosmo first buyback.
    Type : Tender route
    Price : 1070rs
    Cmp : 830rs
    Am. Of buyback : 108cr
    Record date : 14/12/22

      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.

    Cosmo first and jen pharma buyback MEETING are on 1st dec 22.shares are rising

      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..

    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?

    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/-.

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