Triveni Engineering & Industries Limited Buyback 2022

Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes, and water treatment solutions.

With 7 sugar mills, 6 co-generation units, and 1 distillery spread over 8 locations in Uttar Pradesh, we progressively engage with over 250,000 farmers through our cane marketing and development programs.

As the largest Indian manufacturer of high-speed and niche low-speed gears and gearboxes, Triveni commands a dominant market share in the gears market in the region. As a focussed player in the water treatment domain, we offer end-to-end services & product mix in the technology spectrum of water and wastewater treatment. We have dedicated manufacturing and R&D unit each for Gear and Water Treatment Applications at Mysore and Noida respectively.

The two major business segments – sugar and engineering – are mutually exclusive in terms of growth factors and the environment. The sugar business is immune to the upheavals in the global economy, and is dependent only on the sugar cycle. Our engineering businesses cater to the two most critical industries – power and water.



Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Dec 23 2022
Buyback Opening Date: Feb 16 2023
Buyback Closing Date: Mar 01 2023
Buyback Offer Amount: ₹ 800 Cr
Date of Board Meeting approving the proposal: Nov 05 2022
Date of Public Announcement: Nov 05 2022
Buyback Offer Size: 9.45%
Buyback Number of Shares: 2,28,57,142
Price Type: Tender Offer
FV: 1
Buyback Price: ₹ 350 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 2,28,57,142 (Two Crore Twenty-Eight Lakhs Fifty-Seven Thousand One Hundred Forty Two) equity shares of face value of Rs. 1 of the Company (representing 9.45% of the total number of equity shares in the paid-up share capital of the Company) at a price of ~ 350 (Rupees Three Hundred Fifty Only) per equity share payable in cash for an aggregate consideration not exceeding 800 Cr (Rupees  Eight Hundred Crore Only).

Salient financial parameters:

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Sales + 2,824 3,370 3,152 4,437 4,674
Expenses + 2,302 3,094 2,842 3,893 4,112
Operating Profit 522 276 309 543 562
OPM % 18% 8% 10% 12% 12%
Other Income + -36 33 83 56 28
Interest 127 85 68 79 52
Depreciation 57 55 57 75 79
Profit before tax 302 169 268 446 460
Tax % 16% 29% 19% 25% 36%
Net Profit 253 119 216 335 295
EPS in Rs 9.81 4.62 8.38 13.52 12.19
Dividend Payout % 0% 5% 8% 8% 14%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Triveni Engineering & Industries Limited Buyback 2022 in demat or physical form as on the record date [23-12-2022] 2. Once you have shares in demat, you can participate in the buyback process which is opening from [16.02.2023 to 01.03.2023] 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 571 Shares at CMP of Rs. 278 [2,00,000/350)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,58,738 1,58,738 1,58,738 1,58,738
No. of Shares buyback 188 286 428 571
BuyBack Profit 13,536 20,592 30,816 41,112
Profit 8.52% 12.9% 19.41% 25.8%


    100%AR. 643/643. Congratulations to all the investors of this buyback.

        I had 550 shares on record date… I had filled buyback form online through HDFC sec for 285 shares few days back. Now I would like to tender all my remaining shares also in buyback. Can I fill another form online for balance qty as HDFC sec is not allowing me to modify the existing form but is allowing filling of new form for additional qty


    Opening Date. 27/01/2023
    Closing Date. 09/02/2023
    Last date of settlement. 20/02/2023


    Opening Date. 27/01/2023
    Closing Date. 09/02/2023
    Last date of settlement. 20/02/2023

    How much can be ER & AR for retailers? In how many days this buyback process is completed?
    Kindly guide 🙏

      ER : 12-18%
      AR : 25-30%

      After record date may be it takes 60-75 days to complete buyback process.

    Triveni Engineering and Industries Ltd has fixed Friday, December 23, 2022, as the Record Date for the purpose of determining the entitlement and the names of the holders of the Equity Shares who shall be eligible to participate in the Buyback.

      Before posting some information, it may please be verified whether that information was already posted by someone and available. Please don’t mind as it’s only a suggestion. Thank you n all the best.

    Result of Postal Ballot is Out and it is approved with majority so record date will come out very soon.

    5 Crore Shares Traded today. I believe its now ready to raise up and for Buyback….
    Learned experts Kindly suggest.

      As September shareholding
      i think 12% entitlement.
      If big players take some from retails. Thn ER will be 20% approximately.

    My Analysis say 278-288 rate may be possible and good for buyback,, I would add more at 280 only. Thanks

          Sumit ji,

          What an assessment! You are really great. Your knowledge n experience are speaking volumes of all your kind views. Thank you once again for your kindness to help the readers. Please continue to help. Today I have purchased around 120 shares @ Rs. 281/-. All the best.

            Thanks SRK ji for kind words. Its a good coincidence… Hopefully Triveni would improve now and close Buyback quickly..

    Triveni reached 300. Very good chance of very high AR, seeing the current rend…

      Sumit Sir have you made any position in Triveni in the past days? If yes, at what price and how much % of your expected total buy qty you have purchased? Can we consider it buying at CMP?

      It is expected that the record date will be in the last week of December, so is it a wise decision to buy now or we should wait for a month to buy near the ex-date?

        Hello Ayush ji,
        I had bought 400@272.55 on 10-11-2022 and have rather sold 100 Nos yesterday at 303. The market is at all time high and macro economic conditions are not very good although India is at a sweet spot. So market can go either way and so is the Triveni.
        But Buyback, gives a cushion of some benefit in case of a very large fall. I normally play like this…
        I buy shares having good value and take buyback as an insurance of some %age.
        Since it has run well and nearly 15% from the buyback, the cushion method can be thought or wait for a fall and buy around Rs 280/..

    Particulars of the buyback of the shares of Softsol India :

    Buyback Price: Rs.170/-
    CMP: Rs.150/-
    Buyback Size: 20,58,824 shares representing 12.24%, of the total Equity Shares in the existing total paid-up equity share capital.
    Buyback Mode: Tender Offer Route
    Record Date: To be announced
    All the best to all of you. Thank you.

    Particulars of the buyback of the shares of eClerx Services Ltd :
    Buyback Price: Rs.1900/-
    Buyback Size: 15,78,947 shares
    Buyback Mode: Tender Offer Route
    Record Date: To be announced
    All the best to all of you. Thank you.

        Sumit ji,
        In the previous buyback of 11/2021, AR was around 38%. I am benefited to the tune of Rs. 25000/-on the whole on my purchase of 51 shares. I am positive on the current Buyback also. Thank you. Please keep posting your valuable views on all the Buybacks.

    Particulars of the buyback of the shares of Orbit Exports Ltd :

    Buyback Price: Rs.245/-
    Buyback Size: 4,00,000 shares
    Buyback Mode: Tender Offer Route
    Record Date: To be announced
    All the best to all of you. Thank you.

      Record Date is 18/11/2022 in respect of Orbit Exports Ltd. Sorry for the inconvenience caused due to non furnishing of the Record Date.

        Request to Kindly add the %age of total equity to be bought back.
        Thanks SRK ji

          Sumit ji,
          Around 1.5% of the total paid up shares are being allocated for the buyback. Thank you.

    Particulars of the buyback of the shares of Jagran Prakashan Ltd :
    Buyback Price: Rs.75/-
    Buyback Size: 46,000,000 shares
    Buyback Mode: Tender Offer Route
    Record Date: To be announced
    All the best to all of you. Thank you.

      Sumit ji,
      Keeping in view, the size of the buyback and the small margin between the CMP and the Buyback Price, I am hopefully looking forward for the AR of not less than 70%. What is your opinion,Sir?

        SRK Sir,
        Thanks for your comments. I also assume the AR to be of the tune of 70% and as a dark horse may be 100%..
        I found more the fuzz, less ins the AR. Currently Jagran fuzz is too low… Hopefully >70%

          Today, I have sold all my holdings @ Rs.73/-. However, the price crossed the buyback price. No problem.

    Particulars of the buyback of the shares of Tips Industries :

    Buyback Price: Rs.2600/-
    Buyback Size: 1,26,000 shares
    Buyback Mode: Tender Offer Route
    Record Date: To be announced
    All the best to all of you. Thank you.

    Buyback of the shares of Balrampur Chini is through the Open Market. No use.

    Large no of buyback in pipe line:
    Tips Industries

    9.45% and 800Cr is a great amount for buyback. ER can be 12-13% and I expect AR to be >>40%. But considering recent surge appears to be risky.

      Right sir ,
      For retail current ER 13%. ( As 11% share holding pattern of retails )
      if big players absorve from retailers thn ER will be 22-25%

    Jagran Publicatin Buyback announced.

    Excellent opportunity of 12% with 100% AR possible

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