Technocraft Industries Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

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Technocraft Industries Buyback

Technocraft Industries Buyback 2022 description – The company is a manufacturer 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 Share Buyback 2022 Details

Buyback DatesComing soon
Technocraft Industries Buyback Price INR 1,000 per share
Buyback Offer Size (Shares)15,00,000 shares
Buyback offer as % of total shares6.13 %
Buyback Offer Size (Amount)INR 150 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Technocraft Industries Buyback Dates (Timeline)

Board Meeting for Buyback Proposal14 November 2022
Buyback Approval Date14 November 2022
Public Announcement of BuybackComing soon
Technocraft Industries Buyback Record DateComing soon
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Technocraft Industries Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Technocraft Industries Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
9.18*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern.

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Technocraft Industries Ltd’s Financial Performance

FY 2019FY 2020FY 2021FY 2022
Total Income1,184.911,227.281,039.991,710.77
Total Expenses1,012.371,049.72834.331,363.17
Net income 102.35102.6999.29221.73
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,000
Maximum shares for small shareholder (2,00,000/1,000)200 shares*
Closing price of stock as on 14 November 2022INR 827.20**
Maximum amount invested in buyback (INR 827.20x 200 shares)INR 1,65,440
* No. of shares stands to change according to the closing price on record date
** For simplicity, IPO Central
has considered price on buyback approval date

Technocraft Industries Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
2001919 (100%)3,283.201.98
2001938 (200%)6,566.403.97
2001957 (300%)9,849.605.95

Registrar of Technocraft Industries Buyback 2022


Phone: 
Email: 
Website:


Manager of Technocraft Industries Buyback 2022


Tel. No.:
Email:
Website:


Process to Participate in Technocraft Industries 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 stock broker. 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

When does Technocraft Industries share buyback offer open?

Technocraft Industries share buyback opens on NA 2022 and closes on NA 2022.

Which type of buyback is Technocraft Industries buyback offer?

Technocraft Industries buyback is a tender offer.

What is Technocraft Industries buyback price?

Technocraft Industries buyback price is INR 1,000 per share.

What is Technocraft Industries buyback record date?

Technocraft Industries buyback record date is NA 2022.

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