Technocraft Industries Buyback Record Date is 27 August 2024.Â
Established in 1992, Technocraft Industries (India) has become a leading name in the manufacturing sector, specializing in high-precision products like Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments, and Engineering Services. The company runs several manufacturing facilities in India and one in China, employing over 3,000 people and exporting to more than 80 countries across the globe.
The company operates manufacturing facilities with installed capacities of 40,000 MT in India and 25,000 MT in China (recently shifted to India) for scaffolding. In the Yarn division, the company boasts a capacity of 87,000 spindles. The drum closures segment has an annual capacity of 55 million sets in India and 15 million sets in China.
Technocraft Industries Buyback Record Date, Other Details
| Technocraft Industries Buyback Dates | 2 – 6 September 2024 |
| Technocraft Industries Buyback Price | INR 4,500 per share |
| Market Price on Buyback Approval | INR 3,266.80 per share |
| Buyback Premium on Market Price | 37.75% |
| Buyback Offer Size (Shares) | 2,88,889 shares |
| Buyback Offer Size (Amount) | INR 130 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Technocraft Industries Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 8 August 2024 |
| Buyback Approval Date | 13 August 2024 |
| Public Announcement of Buyback | 15 August 2024 |
| Technocraft Industries Buyback Record Date | 27 August 2024 |
| Buyback Opening Date | 2 September 2024 |
| Buyback Closing Date | 6 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 6 September 2024 |
| Verification Date by the Registrar | 10 September 2024 |
| Return of unaccepted shares by Registrar | 12 September 2024 |
| Extinguishment of accepted shares | 24 September 2024 |
Technocraft Industries Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Technocraft Industries Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 97/745 | 13.02 |
| General category (for all other Eligible Shareholders) | 6/553 | 10.85 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Technocraft Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,911.0 | 1,985.0 | 2,182.0 |
| Total Expenses | 1,519.0 | 1,581.0 | 1,783.0 |
| Net Income | 274.0 | 278.0 | 279.0 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 4,500 |
| Maximum shares for small shareholders (2,00,000/4,500) | 45 shares * |
| The closing price of the stock as of 13 August 2024 | INR 3,266.80** |
| Maximum amount invested in buyback (INR 3,266.80 x 45 shares) | INR 1,47,006 |
**Â For simplicity, we have considered the price on the buyback approval date
Technocraft Industries Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 45 | 6 | 6 (100%) | 7,399 | 5.03 |
| 45 | 6 | 12 (200%) | 14,798 | 10.07 |
| 45 | 6 | 18 (300%) | 22,198 | 15.10 |
Registrar of Technocraft Industries Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Technocraft Industries Buyback 2024
SYSTEMATIX CORPORATE SERVICES LIMITED
The Capital, A-Wing, 6th Floor,
No. 603-606, Plot No. C-70, G-Block,
Bandra-Kurla Complex (BKC), Bandra (East),
Mumbai 400 051, Maharashtra
Tel. No.:Â +91-22-6704 8000
Email:Â [email protected]
Website:Â www.systematixgroup.in
The 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 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 Technocraft Industries’ buyback dates?
Technocraft Industries’ share buyback opens on 2 September 2024 and closes on 6 September 2024.
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 4,500 per share.
What is the Technocraft Industries buyback record date?
Technocraft Industries buyback record date is 27 August 2024.
How to participate in Technocraft Industries share buyback?
Technocraft Industries share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
