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.]

    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.