Technocraft Industries (India) Ltd Buyback 2022

Buy Back Offer Deal:

Buyback Type: Tender Offer
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 [ To Be Updated] 2. Once you have shares in Demat, you can participate in the buyback process which is opening from [To Be Updated] by selling your shares through your broker on NSE or BSE. 3. Then on [To Be Updated], 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%

15 Comments

    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.

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