Tips Industries Limited Buyback 2020
(i) Tips Industries Limited is an entertainment company. The Company is engaged in the business of audio/video products, film production, and distribution. The Company’s segments include Audio/Video productions and Film productions/Distribution. It also owns the RACE franchise, which is a Hindi film franchise. In addition, the Company produces Punjabi films.
(ii) The Company’s music business includes a digital library of approximately 25,000 songs. Its music business includes albums, such as kaptaan, ambarsariya, mehndi laga ke-bollywood wedding hits, karle baby dance wance-dance beat collection and loveshhuda; tracks, such as pagg wala munda, ju think, redua and oscar, and ringtones, including aa bhi jaa sanam and mar jaayen, among others. The Company also produces Hollywood and Bollywood films. The Company’s films include jihne mera dil luteya, prince, toh baat pakki, kismet connection, race, and naqaab, among others.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Apr 03 2020 |
| Buyback Opening Date: | Jun 02 2020 |
| Buyback Closing Date: | Jun 15 2020 |
| Buyback Offer Amount: | ₹ 18.90 Cr |
| Date of Board Meeting approving the proposal: | Feb 13 2020 |
| Date of Public Announcement: | Feb 13 2020 |
| Buyback Offer Size: | 9.23% |
| Buyback Number of Shares: | 1350000 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 140 Per Equity Share |
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 181356 | 181356 | 181356 | 181356 |
| No. of Shares buyback | 471 | 714 | 1071 | 1428 |
| BuyBack Profit | 6,126 | 9,282 | 13,923 | 18,564 |
| Profit | 3.38% | 5.12% | 7.68% | 10.24% |
Recommendation:
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Letter of offer:
https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/may-2020/1590487229669.pdf#page=1&zoom=page-width,-16,792
Tips ind buyback to open on 2nd june
Record date update:
https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/mar-2020/1585210070297.pdf#page=1&zoom=page-width,-25,1489
Then I think
It si avoid
What do u say mw
Total Share to be buyback= 13,50,000 shares
Retail quota = 2,02,500 shares
Shareholding quota up to 31.12.2019
No. of shareholders up to 2 lac of paid-up capital = 16,86,381 Equity shares
So, Entitlement would be = 12%, however, as the current market price is around buyback price, the entitlement would be high.
TIPS industries have come up with good bottom-line growth in spite of sharp top-line degrowth in the first 9MFY20.
1. Revenue for 9MFY20 = 89 Cr vs 207 Cr in 9MFY19.
2. PAT for 9MFY20 = 11.04 Cr vs 1.92 Cr in 9MFY19.
The Board took note of the intention of members of the promoter and promoter group including
the person in control of the Company to participate in the proposed buyback.
pls update rajgoel777@gmail.com
Any updates of the Buyback?