Tips Industries Buyback Record Date 2024, Price, Entitlement Ratio

0
Tips Industries Buyback Record Date

Tips Industries Buyback Record Date is finalized. 

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

Tips Industries Buyback Record Date, Other Details

Tips Industries Buyback DatesComing soon
Tips Industries Buyback Price INR 625 per share
Market Price on Buyback ApprovalINR 507.65 per share
Buyback Premium on Market Price23.12%
Buyback Offer Size (Shares)5,95,000 shares
Buyback Offer Size (Amount)INR 37.19 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Tips Industries Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal23 February 2024
Buyback Approval Date28 February 2024
Public Announcement of Buyback10 April 2024
Tips Industries Buyback Record Date22 April 2024
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 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Tips Industries Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
6.45*
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

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 2021FY 2022FY 2023
Total Income90.53135.59186.78
Total Expenses36.2050.1886.49
Net income 43.4764.5676.52
Figures in INR Crores 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 625
Maximum shares for small shareholders (2,00,000/625)320 shares *
The closing price of the stock as of 28 February 2024INR 507.65**
Maximum amount invested in buyback (INR 507.65 x 320 shares)INR 1,62,448
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Tips Industries Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
3202121 (100%)2,464.351.52
3202142 (200%)4,928.703.03
3202163 (300%)7,393.054.55

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: +91 8108114949
Email: [email protected]
Website: 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: 022 268540808
Email: [email protected]
Website: 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 2024 and closes on 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here