Ttk Prestige Ltd. Buyback
Ttk Prestige Buyback 2024
Tender Offer
₹1,200.00
Buyback price per shareAbout Ttk Prestige Ltd. Buyback
Ttk Prestige Ltd. is a consumer appliance brand in India.
The company mainly manufactures and sells domestic kitchen appliances under the brand name Prestige. Their products include pressure cookers, non-stick cookware, gas stoves, and other electric appliances. They have recently started offering home cleaning solutions.
The company's manufacturing units are in Hosur and Coimbatore in Tamil Nadu, Roorkee in Uttarakhand, Karjan in Gujarat, and Khardi in Maharashtra, all of which are ISO certified. They're known for being a top choice for pressure cookers, non-stick cookware, induction cooktops and a significant player in other domestic kitchen appliances.
The company sells its products in India as well as exports to countries such as USA, UK, Australia, Fiji, New Zealand, Bangladesh, Sri Lanka, UAE, Middle East, South Africa, Mauritius and Egypt.The company operates over 620 Prestige Xclusive Stores in 305 Indian cities across 28 states.
The company operates more than 650 stores across India.The company's manufacturing units are situated in Hosur, Coimbatore, Karjan, Roorkee and Khardi.As of August 2024, the company has over 2500 employees in various departments.
Ttk Prestige Ltd. Buyback Details
Security Name
Ttk Prestige Ltd.Buyback Price
₹1,200.00Face Value
₹1.00Listing at Group
BSE, NSELead Manager
Inga Ventures Pvt LtdBuyback Docs
Letter Of OfferIssue Size
1,666,666 (1.2 % of Total number of equity Shares)Ttk Prestige Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 12, 2024 | Aug 14, 2024 | Aug 21, 2024 | Aug 27, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Aug 27, 2024 | Sep 2, 2024 | Sep 3, 2024 | Sep 12, 2024 |
Ttk Prestige Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 2,753.38 | 2,822.79 | 2,757.5 |
| Profit After Tax | 225.33 | 254.95 | 305.43 |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | 2,044.78 | 1,892.75 | 1,682.86 |
| Net Worth | -- | -- | -- |
| Total Assets | 2,742.66 | 2,587.45 | 2,414.49 |
How to Participate in Ttk Prestige Ltd. Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Ttk Prestige Ltd. Buyback in Demat or physical form as on the record date Aug 14, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 21, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 12, 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 Ttk Prestige Ltd. Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,200.00 |
Maximum share for small shareholders (200000/ 1200) | 166.67 share |
Closing price of stock as of 2024-08-02 | ₹992.50 |
Maximum amount insted in buyback (₹992.50 x 166.66666666666666 shares) | ₹165,416.67 |
* 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 2, 2024
Expected Profit from the Ttk Prestige Ltd. Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹165,416.67 | ₹165,416.67 | ₹165,416.67 | ₹165,416.67 |
No. of Shares Buyback | 55 | 83 | 125 | 166 |
Buyback Profit | 11412 | 17222 | 25937 | 34445 |
Profit% | 6.90% | 10.41% | 15.68% | 20.82% |
Ttk Prestige Ltd. Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder 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 a large number of public shareholders, who would be classified as small shareholders.
Ttk Prestige Ltd. Buyback
Plot No. 38 SIPCOT Industrial Complex Hosur - 635126Email: investorhelp@ttkprestige.com
Phone: +91 80 2217 743
Website: https://ttkprestige.com/
Kfin Technologies Limited
Email: ttkprestige.buyback@kfintech.com
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/
