Triveni Engineering & Industries Limited Buyback 2019
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jun 19 2019 |
| Buyback Opening Date: | Jul 22 2019 |
| Buyback Closing Date: | Aug 02 2019 |
| Buyback Offer Amount: | ₹ 100 Cr |
| Date of Board Meeting approving the proposal: | Jun 03 2019 |
| Date of Public Announcement: | Jun 03 2019 |
| Buyback Offer Size: | 3.88% |
| Buyback Number of Shares: | 10000000 |
| FV: | 1 |
| Buyback Price: | ₹ 100 Per Equity Share |
Details of Buyback:
The board meeting of Triveni Engineering & Industries held on Monday (June 3) has recommended a buyback of 1 Cr Shares at Rs. 100 per shares through "Tender Route".
Salient financial parameters:
| Particulars(Cr) | Mar-19 | Mar-18 | Mar-17 |
| Total Revenue | 3,215.37 | 3,386.14 | 2,851.68 |
| Total Expense | 2,967.79 | 3,235.53 | 2,486.77 |
| Profit/Loss For The Period | 196.05 | 100.92 | 230.28 |
| Basic EPS (Rs.) | 8.00 | 5.00 | 10.00 |
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Triveni Engineering & Industries Limited Buyback 2019 in demat or physical form as on the record date [ 19.06.2019 ]
2. Once you have shares in demat, you can participate in the buyback process which is opening from [ 22.07.2019 to 02.08.2019 ] by selling your shares through your broker on NSE or BSE.
3. Then on [ 14.08.2019 ], 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 2000 Shares at CMP of Rs. 76 [2,00,000/100=2000)
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,52,000 | 1,52,000 | 1,52,000 | 1,52,000 |
| No. of Shares buyback | 660 | 1000 | 1500 | 2000 |
| BuyBack Profit | 15840 | 24,000 | 36000 | 48,000 |
| Profit | 10.04% | 15.78% | 23.68% | 31.5% |
Recommendation:
Review and Recommendation of Triveni Engineering & Industries Limited Buyback 2019 by IZ team is: 3/10
Fair: 1-5
Good: 5-7
Excellent: 7-10
[ The buyback size is small. The AR would be around 15-20%. The stock has already run from 67 to 76 in a couple of sessions.]
4 Comments
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July 22-Aug 2 Tender period. Aug 19 settlement date
Aug 14 *
AR would be around 15-20%. The buyback size is small. Out of a total of 25.98 Cr shares outstanding as on 31.03.2019 the company is buying 1 Cr shares. The promoters will also participate.
Buyback rate 100 rs