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

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Tips Industries Buyback

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 DatesComing soon
Tips Industries Buyback Price INR 2,600 per share
Buyback Offer Size (Shares)1,26,000 shares
Buyback offer as % of total shares0.97 %
Buyback Offer Size (Amount)INR 32.76 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Tips Industries Buyback Dates (Timeline)

Board Meeting for Buyback Proposal9 November 2022
Buyback Approval Date9 November 2022
Public Announcement of BuybackComing soon
Tips 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

Tips Industries Buyback 2022 Documents

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


Tips Industries Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
1.18*
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.


Tips Industries Ltd’s Financial Performance

FY 2019FY 2020FY 2021FY 2022
Total Income207.72108.8295.42138.80
Total Expenses199.1393.2835.3949.43
Net income 2.8511.3443.4764.56
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 2,600
Maximum shares for small shareholder (2,00,000/2,600)77 shares*
Closing price of stock as on 9 November 2022INR 1,823.75 **
Maximum amount invested in buyback (INR 1,823.75 x 77 shares)INR 1,40,429
* 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

Tips Industries Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
7711 (100%)776.250.55
7712 (200%)1,552.501.11
7713 (300%)2,328.751.66

Registrar of Tips Industries Buyback 2022


Phone: 
Email: 
Website:


Manager of Tips Industries Buyback 2022


Tel. No.:
Email:
Website:


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 NA 2022 and closes on NA 2022.

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 NA 2022.

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