Triveni Engineering Buyback 2022 description – The company is one of the largest integrated sugar manufacturers in India with 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 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 distillery capacity expansion of 450 KLD (14 crore litre) with the capex of INR 460 crore. This would take its total distillery capacity from 21 crore litres now to ~35 crore litres by FY 2025.
Triveni Engineering is also involved in engineering business, providing water treatment solutions, power transmission, and, defence solutions. The company makes multi-stage gear drives, single input and multiple output, planetary gearbox for power transmission players and propulsion gearboxes, auxiliary gas turbine generators, steam turbines, fin stabilizers and critical turbo and motor-driven pumps for defence purposes. The engineering business contributed 12% in revenues during FY 2022.
Triveni Engineering Share Buyback 2022 Details
|Buyback Dates||Coming soon|
|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|
|Face Value||INR 1 per share|
|Listing At||BSE, NSE|
Triveni Engineering Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||28 October 2022|
|Buyback Approval Date||5 November 2022|
|Public Announcement of Buyback||Coming soon|
|Triveni Engineering Buyback Record Date||Coming soon|
|Buyback Opening Date||Coming soon|
|Buyback Closing Date||Coming soon|
|Cut-off Date to receive completed tender forms by Registrar||Coming soon|
|Verification Date by the Registrar||Coming soon|
|Return of unaccepted shares by Registrar||Coming soon|
|Extinguishment of accepted shares||Coming soon|
Triveni Engineering Buyback 2022 Documents
Triveni Engineering Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders |
(shares less than INR 2 Lakh)
|General category |
(for all other Eligible Shareholders)
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Triveni Engineering Ltd’s Financial Performance
|FY 2019||FY 2020||FY 2021||FY 2022|
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 270.85/277.15**|
|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 %|
Registrar of Triveni Engineering Buyback 2022
Manager of Triveni Engineering Buyback 2022
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 share buyback opens on NA 2022 and closes on NA 2022.
Which type of buyback is Triveni Engineering buyback offer?
Triveni Engineering buyback is a tender offer.
What is Triveni Engineering buyback price?
Triveni Engineering buyback price is INR 350 per share.
What is Triveni Engineering buyback record date?
Triveni Engineering buyback record date is NA 2022.