Triveni Engineering Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Triveni Engineering Buyback

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 Buyback 2022 1

Triveni Engineering Share Buyback 2022 Details

Buyback Dates16 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 shares9.45 %
Buyback Offer Size (Amount)INR 800 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Triveni Engineering Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal28 October 2022
Buyback Approval Date5 November 2022
Public Announcement of Buyback13 December 2022
Triveni Engineering Buyback Record Date23 December 2022
Buyback Opening Date16 February 2023
Buyback Closing Date1 March 2023
Cut-off Date to receive completed tender forms by Registrar1 March 2023
Verification Date by the Registrar10 March 2023
Return of unaccepted shares by Registrar13 March 2023
Extinguishment of accepted shares20 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 CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
General category
(for all other Eligible Shareholders)

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 2019FY 2020FY 2021FY 2022
Total Income3,219.24,463.64,727.54,716.9
Total Expenses2,890.13,967.34,216.64,116.2
Net income 220.6327.5273.3382.2
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 350
Maximum shares for small shareholder (2,00,000/350)572 shares*
Closing price of stock as on 07 November 2022INR 277.15**
Maximum amount invested in buyback (INR 277.15 x 572 shares)INR 1,58,530
* 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

Triveni Engineering Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
5728888 (100%)6,410.84.04
57288176 (200%)12,821.68.09
57288264 (300%)19,232.412.13

Registrar of Triveni Engineering Buyback 2022

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 4067162222 
Email: [email protected]

Manager of Triveni Engineering Buyback 2022

Ambit House, 449,
Senapati Bapat Marg, Lower
Parel, Mumbai – 400 013
Phone: +91 22 6623 3030
Email: [email protected]

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.


Please enter your comment!
Please enter your name here