Control Print Buyback 2023 description – Incorporated in 1991, Control Print, headquartered in Mumbai, India, has emerged as the premier Indian manufacturer in the coding and marking industry. With an initial branch and rapid expansion to 11 branches across India, and 4 international branches in Sri Lanka, Bangladesh, Nepal, and Oman.
Control Print operates 2 technologically advanced factories in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The Nalagarh facility, spanning 30,000 square feet was established in 2008, and the Guwahati facility covers 65,000 square feet and commenced operations in 2015. The company has over 500 employees, including more than 300 factory-trained engineers.
The company manufactures coding and marking equipment. It also produces coding and marking-related consumables such as fluid ink, ink ribbons, and other essential supplies. It has completed over 70,000 successful installations.
In April 2020, Control Print launched ‘The Mask Lab’ which supplied International Quality Surgical Face Masks and N95/FFP2/IS 9473 Quality Masks. In July 2022, the company acquired 75% of Markprint BV, a Netherlands-based company, which helped the company to gain technical capabilities and also set foot in the European market.
Control Print India Share Buyback 2023 Details
| Control Print Buyback Dates | 24 – 30 Aug 2023 |
| Control Print Buyback Price | INR 800 per share |
| Market Price on Buyback Approval | INR 639.8 per share |
| Buyback Premium on Market Price | 25.04% |
| Buyback Offer Size (Shares) | 3,37,500 shares |
| Buyback Offer Size (Amount) | INR 27.0 crore |
| Offer Type | Tender |
| Promoter Participation | No |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Control Print Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 July 2023 |
| Buyback Approval Date | 31 July 2023 |
| Public Announcement of Buyback | 2 August 2023 |
| Control Print Buyback Record Date | 18 August 2023 |
| Buyback Opening Date | 24 August 2023 |
| Buyback Closing Date | 30 August 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 30 August 2023 |
| Verification Date by the Registrar | 30 August 2023 |
| Return of unaccepted shares by Registrar | 6 September 2023 |
| Extinguishment of accepted shares | 15 September 2023 |
Control Print Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Control Print Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 4/95 | 4.21 |
| General category (for all other Eligible Shareholders) | 1/53 | 1.89 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Control Print India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 203.69 | 256.23 | 304.29 |
| Total Expenses | 167.46 | 212.76 | 244.78 |
| Net income | 29.05 | 40.10 | 52.85 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 800 |
| Maximum shares for small shareholder (2,00,000/800) | 250 shares * |
| Closing price of stock as on 31 July 2023 | INR 639.8 ** |
| Maximum amount invested in buyback (INR 639.8 x 250 shares) | INR 1,59,950 |
** For simplicity, we have considered price on buyback approval date
Control Print Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 250 | 11 | 11 (100%) | 1,762.2 | 1.10 |
| 250 | 11 | 22 (200%) | 3,524.4 | 2.20 |
| 250 | 11 | 33 (300%) | 5,286.6 | 3.31 |
Registrar of Control Print Buyback 2023
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone:Â 022-40430200 / 62638200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Manager of Control Print Buyback 2023
KEYNOTE FINANCIAL SERVICES LIMITED
The Ruby, 9th Floor, Senapati Bapat Marg,
Dadar (West), Mumbai – 400028
Tel: 022– 68266000
E-mail:Â [email protected]
Website:Â www.keynoteindia.net
Process to Participate in Control Print Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Control Print buyback dates?
Control Print share buyback opens on 24 August 2023 and closes on 30 August 2023.
Which type of is Control Print buyback offer?
Control Print buyback is a tender offer.
What is the Control Print buyback price?
Control Print buyback price is INR 800 per share.
What is the Control Print buyback record date?
Control Print buyback record date is 18 August 2023.
How to participate in Control Print share buyback?
Control Print share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
