Last updated on September 3, 2024
Indian Toners and Developers Buyback Record Date is 30 August 2024.Â
Incorporated in 1990, Indian Toners & Developers specializes in the manufacturing and export of compatible toners for laser printers, copiers, and multifunction printers. The company operates on a business-to-business (B2B) model, supplying its products to original equipment manufacturers (OEMs), distributors, and large-scale enterprises globally.
ITDL manufactures toners for various printer types, including both black-and-white and color toners. The company also develops custom toner formulas tailored to meet specific client needs. Indian Toners & Developers operates two production units: Unit 1 is located in Rampur, Uttar Pradesh, and Unit 2 is in Sitarganj, Uttarakhand. The company has a manufacturing capacity of 4,800 metric tons of toners per year.
Indian Toners serves over 600 wholesalers, 1,600 refillers, and 40,000 jobbers nationwide. Headquartered in New Delhi, the company has a sales team of around 60 individuals based across India to manage product sales.
Indian Toners and Developers Buyback Record Date, Other Details
| Indian Toners and Developers Buyback Dates | 5 – 11 September 2024 |
| Indian Toners and Developers Buyback Price | INR 450 per share |
| Market Price on Buyback Approval | INR 368.5 per share |
| Buyback Premium on Market Price | 22.12% |
| Buyback Offer Size (Shares) | 4,58,268 shares |
| Buyback Offer Size (Amount) | INR 20.62 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
Indian Toners and Developers Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 13 August 2024 |
| Buyback Approval Date | 20 August 2024 |
| Public Announcement of Buyback | 22 August 2024 |
| Indian Toners and Developers Buyback Record Date | 30 August 2024 |
| Buyback Opening Date | 5 September 2024 |
| Buyback Closing Date | 11 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 11 September 2024 |
| Verification Date by the Registrar | 17 September 2024 |
| Return of unaccepted shares by Registrar | 19 September 2024 |
| Extinguishment of accepted shares | 30 September 2024 |
Indian Toners and Developers Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Indian Toners and Developers Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 34/805 | 4.22 |
| General category (for all other Eligible Shareholders) | 34/805 | 4.22 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Indian Toners & Developers’ Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 118.99 | 155.17 | 156.75 |
| Total Expenses | 95.79 | 121.00 | 123.51 |
| Net Income | 18.94 | 26.31 | 26.14 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 450 |
| Maximum shares for small shareholders (2,00,000/450) | 445 shares * |
| The closing price of the stock as of 20 August 2024 | INR 368.5** |
| Maximum amount invested in buyback (INR 368.5 x 445 shares) | INR 1,63,982.5 |
**Â For simplicity, we have considered the price on the buyback approval date
Indian Toners and Developers Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 445 | 19 | 19 (100%) | 1,548.5 | 0.94 |
| 445 | 19 | 38 (200%) | 3,097.0 | 1.89 |
| 445 | 19 | 57 (300%) | 4,645.5 | 2.83 |
Registrar of Indian Toners and Developers Buyback 2024
ALANKIT ASSIGNMENTS LIMITED
4E/21, Alankit House, Jhandewalan
Extension, New Delhi – 110055
Phone: +91-11- 42541234
E-mail:Â [email protected]
Website:Â www.alankit.com
Manager of Indian Toners and Developers Buyback 2024
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension,
Part I, New Delhi -110049, India
Phone:Â +91 011 4062 2230
Email:Â [email protected]
Website:Â www.corporateprofessionals.com
The Process to Participate in Indian Toners & Developers 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 Indian Toners and Developer’s buyback dates?
Indian Toners and Developers share buyback opens on 5 September 2024 and closes on 11 September 2024.
Which type of buyback is Indian Toners and Developers‘ buyback offer?
Indian Toners and Developers buyback is a tender offer.
What is Indian Toners and Developers buyback price?
Indian Toners and Developers share buyback price is INR 450 per share.
What is the Indian Toners and Developers buyback record date?
Indian Toners and Developers buyback record date is 30 August 2024.
How to participate in Indian Toners and Developers share buyback?
Indian Toners and Developers share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
