Technocraft Industries (india) Ltd. Buyback
Technocraft Industries Buyback 2024
Tender Offer
₹4,500.00
Buyback price per shareAbout Technocraft Industries (india) Ltd. Buyback
Technocraft Industries India Limited, started with manufacturing of Drum Closures and became the second largest global manufacturer of Steel Drum closures including other products like seal plugs, gaskets, drum flanges etc.
The company also ventured into manufacturing of plastic closures for small metal and plastic containers and is a dominant player in the engineering sector, tube division and produces high precision scaffolding systems for building construction.
Technocraft Industries also diversified into manufacturing of Cotton Yarn and accorded a 100% EOU (Export Oriented Unit) status.
Technocraft Industries (india) Ltd. Buyback Details
Security Name
Technocraft Industries (india) Ltd.Buyback Price
₹4,500.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Systematix Corporate Services LimitedBuyback Docs
Letter Of OfferIssue Size
288,889 ( % of Total number of equity Shares)Technocraft Industries Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 27, 2024 | Aug 26, 2024 | Sep 2, 2024 | Sep 6, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 6, 2024 | Sep 11, 2024 | Sep 12, 2024 | Sep 24, 2024 |
Technocraft Industries (india) Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 97/745 | 43334 |
| General Category for all other Eligible Shareholders | 6/553 | 245555 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Net Worth | -- | -- | -- |
| Profit After Tax | 278.28 | 274.45 | 146.83 |
| Total Borrowing | -- | -- | -- |
| Total Assets | 2,364.26 | 2,110.70 | 1,776.13 |
| Total Revenue | 2,034.90 | 1,958.55 | 1,352.34 |
| Reserves And Surplus | 1,155.92 | 1,147.65 | 928.08 |
How to Participate in Technocraft Industries (india) Ltd. Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Technocraft Industries (india) Ltd. Buyback in Demat or physical form as on the record date Aug 26, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 2, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 24, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Technocraft Industries (india) Ltd. Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹4,500.00 |
Maximum share for small shareholders (200000/ 4500) | 44.44 share |
Closing price of stock as of 2024-08-13 | ₹3,266.81 |
Maximum amount insted in buyback (₹3,266.81 x 44.44444444444444 shares) | ₹145,191.56 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 13, 2024
Expected Profit from the Technocraft Industries (india) Ltd. Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹145,191.56 | ₹145,191.56 | ₹145,191.56 | ₹145,191.56 |
No. of Shares Buyback | 14 | 22 | 33 | 44 |
Buyback Profit | 17264 | 27130 | 40695 | 54260 |
Profit% | 11.89% | 18.69% | 28.03% | 37.37% |
Technocraft Industries (india) Ltd. Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its members.
The buyback is expected to improve return on equity through cash distribution and earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
Technocraft Industries (india) Ltd. Buyback
Technocraft House, A-25, Road No. 03, MIDC Industrial Estate, Andheri (East), Mumbai - 400093Email: investor@technocraftgroup.com
Phone: 022-4098 2222
Website: https://www.technocraftgroup.com/
Link Intime India Private Ltd
Email: technocraft.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
