Tips Industries Buyback Record Date is finalized.Â
Tips Industries stands as a prominent Indian music label, specializing in the creation and monetization of music. Its vast music catalog includes film, non-film, devotional, pop, and remixes in languages such as Hindi, Punjabi, Gujarati, Bhojpuri, and others, covering a wide array of genres in popular Indian music. The catalog is licensed to various over-the-top (OTT) video platforms, social media platforms, content aggregators, television channels, telecom companies, radio stations, advertisers, event management companies, hotels, restaurants, and other entities.
Tips boasts a robust music collection with over 30,000 songs across genres and languages. It has a strong presence on global digital platforms like YouTube, Spotify, Jio Saavn, Resso, Apple Music, and Amazon Prime. As of March 2023, Tips Music has 82 million subscribers on YouTube and 112.7 billion views.
During the year under review, the company’s total revenue, including other income, amounted to INR 192.14 crore compared to the previous year’s INR 138.80 crore, marking a 38.43% increase. The company owns two factories equipped with internationally recognized, state-of-the-art machines specially imported from Italy and Denmark, including Otari, Lyrec, and Tapematics. Additionally, it operates offices in the United States, Dubai, and England through its licenses.
Tips Industries Buyback Record Date, Other Details
| Tips Industries Buyback Dates | 26 Apr – 3 May 2024 |
| Tips Industries Buyback Price | INR 625 per share |
| Market Price on Buyback Approval | INR 507.65 per share |
| Buyback Premium on Market Price | 23.12% |
| Buyback Offer Size (Shares) | 5,95,000 shares |
| Buyback Offer Size (Amount) | INR 37.19 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Tips Industries Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 23 February 2024 |
| Buyback Approval Date | 28 February 2024 |
| Public Announcement of Buyback | 10 April 2024 |
| Tips Industries Buyback Record Date | 22 April 2024 |
| Buyback Opening Date | 26 April 2024 |
| Buyback Closing Date | 3 May 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 3 May 2024 |
| Verification Date by the Registrar | 6 May 2024 |
| Return of unaccepted shares by Registrar | 10 May 2024 |
| Extinguishment of accepted shares | 23 May 2024 |
Tips Industries Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Tips Industries Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 11/444 | 2.48 |
| General category (for all other Eligible Shareholders) | 11/931 | 1.18 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Tips Industries Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Total Income | 90.53 | 135.59 | 186.78 |
| Total Expenses | 36.20 | 50.18 | 86.49 |
| Net income | 43.47 | 64.56 | 76.52 |
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 625 |
| Maximum shares for small shareholders (2,00,000/625) | 320 shares * |
| The closing price of the stock as of 28 February 2024 | INR 507.65** |
| Maximum amount invested in buyback (INR 507.65 x 320 shares) | INR 1,62,448 |
**Â For simplicity, we have considered the price on the buyback approval date
Tips Industries Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 320 | 8 | 8 (100%) | 938.8 | 0.58 |
| 320 | 8 | 16 (200%) | 1,877.6 | 1.16 |
| 320 | 8 | 24 (300%) | 2,816.4 | 1.73 |
Registrar of Tips 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 8108114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Tips Industries Buyback 2024
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East), Mumbai 400069
Telephone:Â 022 268540808
Email:Â [email protected]
Website:Â www.ingaventures.com
The 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 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 Tips Industries buyback dates?
Tips Industry’s share buyback opens on 26 April 2024 and closes on 3 May 2024.
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 625 per share.
What is Tips Industries buyback record date?
Tips Industries buyback record date is 22 April 2024.
How to participate in Tips Industries’ share buyback?
Tips 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.
