Triveni Engineering Buyback 2022 Description – The company is one of the largest integrated sugar manufacturers in India with a sugar crushing capacity of 60,000 tonnes crushed daily (TCD), distillery capacity of 660-kilo liters per day (KLD) & co-generation power of 104 MW. Apart from a wide variety of sugar, Triveni Engineering produces high-quality potable alcohol for the liquor industry and fuel-grade ethanol for oil marketing companies. Sugar & allied business accounted for 88% of its revenues in FY 2022.
The company announced a distillery capacity expansion of 450 KLD (14 crore liter) with a capex of INR 460 crore. This would take its total distillery capacity from 21 crore liters now to ~35 crore liters by FY 2025.
Triveni Engineering is also involved in the engineering business, providing water treatment solutions, power transmission, and, defense solutions. The company makes multi-stage gear drives, single input and multiple outputs, planetary gearboxes for power transmission players and propulsion gearboxes, auxiliary gas turbine generators, steam turbines, fin stabilizers, and critical turbo and motor-driven pumps for defense purposes. The engineering business contributed 12% in revenues during FY 2022.
Triveni Engineering Share Buyback 2022 Details
| Buyback Dates | 16 Feb – 1 Mar 2023 |
| Triveni Engineering Buyback Price | INR 350 per share |
| Buyback Offer Size (Shares) | 22,857,142 shares |
| Buyback offer as % of total shares | 9.45 % |
| Buyback Offer Size (Amount) | INR 800 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Triveni Engineering Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 28 October 2022 |
| Buyback Approval Date | 5 November 2022 |
| Public Announcement of Buyback | 13 December 2022 |
| Triveni Engineering Buyback Record Date | 23 December 2022 |
| Buyback Opening Date | 16 February 2023 |
| Buyback Closing Date | 1 March 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 1 March 2023 |
| Verification Date by the Registrar | 10 March 2023 |
| Return of unaccepted shares by Registrar | 13 March 2023 |
| Extinguishment of accepted shares | 20 March 2023 |
Triveni Engineering Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Triveni Engineering Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 1/3 | 33.33 |
| General category (for all other Eligible Shareholders) | 1/12 | 8.33 |
Small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of record date.
Triveni Engineering Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 3,219.2 | 4,463.6 | 4,727.5 | 4,716.9 |
| Total Expenses | 2,890.1 | 3,967.3 | 4,216.6 | 4,116.2 |
| Net income | 220.6 | 327.5 | 273.3 | 382.2 |
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 350 |
| Maximum shares for small shareholder (2,00,000/350) | 572 shares* |
| Closing price of stock as on 07 November 2022 | INR 277.15** |
| Maximum amount invested in buyback (INR 277.15 x 572 shares) | INR 1,58,530 |
** For simplicity, IPO Central has considered price on buyback approval date
Triveni Engineering Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 572 | 88 | 88 (100%) | 6,410.8 | 4.04 |
| 572 | 88 | 176 (200%) | 12,821.6 | 8.09 |
| 572 | 88 | 264 (300%) | 19,232.4 | 12.13 |
Registrar of Triveni Engineering Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 4067162222Â
Email:Â [email protected]
Website: www.kfintech.com
Manager of Triveni Engineering Buyback 2022
AMBIT PRIVATE LIMITED
Ambit House, 449,
Senapati Bapat Marg, Lower
Parel, Mumbai – 400 013
Phone: +91 22 6623 3030
Email: [email protected]
Website: www.ambit.co
Process to Participate in Triveni Engineering 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 Triveni Engineering share buyback offer open?
Triveni Engineering’s share buyback opens on 16 February 2023 and closes on 1 March 2023.
Which type of buyback is Triveni Engineering’s buyback offer?
Triveni Engineering’s buyback is a tender offer.
What is Triveni Engineering’s buyback price?
Triveni Engineering’s buyback price is INR 350 per share.
What is Triveni Engineering’s buyback record date?
Triveni Engineering’s buyback record date is 23 December 2022.
