Last updated on January 20, 2023
Tips Industries Buyback 2022 description – The company is one of India’s largest entertainment players engaged in music recording film production, film promotion, and film distribution company.
The company started with dealing into gramophone records, pre-recorded audio cassettes, blank audio cassettes, and replicated CDs. The company owns over 3500+ titles, copy rights of many Hindi movies.
Tips industries has its own manufacturing plant and distribution system. The company also has its global presence with its offices located in US, Dubai, England.
Tips Industries Share Buyback 2022 Details
| Buyback Dates | 27 Jan – 9 Feb 2023 |
| Tips Industries Buyback Price | INR 2,600 per share |
| Buyback Offer Size (Shares) | 1,26,000 shares |
| Buyback Offer Size (Amount) | INR 32.76 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Tips Industries Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 9 November 2022 |
| Buyback Approval Date | 9 November 2022 |
| Public Announcement of Buyback | 21 December 2022 |
| Tips Industries Buyback Record Date | 30 December 2022 |
| Buyback Opening Date | 27 January 2023 |
| Buyback Closing Date | 9 February 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 9 February 2023 |
| Verification Date by the Registrar | 17 February 2023 |
| Return of unaccepted shares by Registrar | 20 February 2023 |
| Extinguishment of accepted shares | 27 February 2023 |
Tips Industries Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Tips Industries Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 37/762 | 4.86 |
| General category (for all other Eligible Shareholders) | 2/235 | 0.85 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Tips Industries Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 207.72 | 108.82 | 95.42 | 138.80 |
| Total Expenses | 199.13 | 93.28 | 35.39 | 49.43 |
| Net income | 2.85 | 11.34 | 43.47 | 64.56 |
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 2,600 |
| Maximum shares for small shareholder (2,00,000/2,600) | 77 shares* |
| Closing price of stock as on 9 November 2022 | INR 1,823.75 ** |
| Maximum amount invested in buyback (INR 1,823.75 x 77 shares) | INR 1,40,429 |
** For simplicity, IPO Central has considered price on buyback approval date
Tips Industries Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 77 | 4 | 4 (100%) | 3105 | 2.21 |
| 77 | 4 | 8 (200%) | 6210 | 4.42 |
| 77 | 4 | 12 (300%) | 9315 | 6.63 |
Registrar of Tips Industries Buyback 2022
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai, Maharashtra – 400 083
Phone:Â +91 810 811 4949
Email:Â [email protected]
Website: www.linkintime.co.in
Manager of Tips Industries Buyback 2022
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East),
Mumbai, Maharashtra – 400069
Tel. No.: +91 022 6854 0808
Email: [email protected]
Website: www.ingaventures.com
Process to Participate in Tips 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 Tips Industries share buyback offer open?
Tips Industries share buyback opens on 27 January 2023 and closes on 9 February 2023.
Which type of buyback is Tips Industries buyback offer?
Tips Industries buyback is a tender offer.
What is Tips Industries buyback price?
Tips Industries buyback price is INR 2,600 per share.
What is Tips Industries buyback record date?
Tips Industries buyback record date is 30 December 2022.
