Tips Industries Limited Buyback
Tips Industries Buyback 2024
Tender Offer
₹625.00
Buyback price per shareAbout Tips Industries Limited Buyback
Tips Industries Limited was founded in 1975 and is one of India's largest entertainment companies engaged in the production, promotion and distribution of music and films.
Initially, the company dealt in gramophone records, recorded audio cassettes, blank audio cassettes and replicated CDs. The company owns more than 3500 titles and copyrights of numerous Hindi films, of which at least 10 are among the 10 million sellers, more than 15 have sales of more than 5 million and another 20 have sales of around one million. Tips also owns the soundtrack copyrights to at least 50 Hindi films.
Tips Industries has its own manufacturing facility and distribution system. These factories have digital mastering facilities, operate on a just-in-time inventory management system and utilise in-house logistics facilities to supply more than 1,50,000 cassettes per day to the Indian market. The company also has a global presence with offices in the USA, Dubai and the UK.
Tips Industries Limited Buyback Details
Security Name
Tips Industries LimitedBuyback Price
₹625.00Face Value
₹1.00Listing at Group
BSE,NSELead Manager
Vivro Financial Services Private LimitedBuyback Docs
Letter Of OfferIssue Size
595,000 (0.46 % of Total number of equity Shares)Tips Industries Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Apr 19, 2024 | Apr 22, 2024 | Apr 26, 2024 | May 3, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| May 3, 2024 | May 10, 2024 | May 10, 2024 | May 23, 2024 |
Tips Industries Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 11/444 | 89250 |
| General Category for all other Eligible Shareholders | 11/931 | 505750 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Profit After Tax | 76.52 | 64.56 | 43.46 |
| Total Borrowing | -- | -- | -- |
| Total Assets | 192.70 | 146.78 | 150.10 |
| Reserves And Surplus | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Revenue | 192.14 | 138.80 | 95.42 |
How to Participate in Tips Industries Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Tips Industries Limited Buyback in Demat or physical form as on the record date Apr 22, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Apr 26, 2024 by selling your shares through your broker on BSE,NSE.
3. Then on May 23, 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 Tips Industries Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹625.00 |
Maximum share for small shareholders (200000/ 625) | 320.00 share |
Closing price of stock as of 2024-02-28 | ₹507.65 |
Maximum amount insted in buyback (₹507.65 x 320 shares) | ₹162,448.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Feb 28, 2024
Expected Profit from the Tips Industries Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹162,448.00 | ₹162,448.00 | ₹162,448.00 | ₹162,448.00 |
No. of Shares Buyback | 105 | 160 | 240 | 320 |
Buyback Profit | 12321 | 18776 | 28164 | 37552 |
Profit% | 7.58% | 11.56% | 17.34% | 23.12% |
Tips Industries Limited Buyback - Necessity of the Objective
Tips Industries Limited Buyback
601, Durga Chambers,6th Floor, Linking Road, Khar (West), Mumbai - 400 052Email: response@tips.in
Phone: +91 22 6643 1188
Website: https://tips.in/
Bigshare Services Pvt Ltd
Email: buybackoffer@bigshareonline.com
Phone: +91-22-6263 8200
Website: https://ipo.bigshareonline.com/ipo_status.html
