Triveni Turbine Buyback 2022 description – The company is a leading industrial steam turbine manufacturer, with a dominant market share of over 60% in India for over five decades. It has delivered robust, reliable and efficient steam turbine solutions. Over 5,000 steam turbines supplied by Triveni have been installed across 20 industries in over 70 countries, including Europe, Africa, Central & Latin America, SE Asian and SAARC countries.
It offers a wide suite of integrated solutions like erection & commissioning, spare parts, operations & maintenance and refurbishing, among others. The company operates in high-capacity range up to 100 MW turbines. It operates a state-of-the-art manufacturing facility in Bengaluru, India. The facility is equipped to provide complete manufacturing, assembly, testing and refurbishing services.
The Company caters to varied and diverse industries like Biomass IPP, Municipal Solid Waste IPP, District Heating, Palm Oil, Paper, Sugar, Naval, Textiles, Metals, Cement, Carbon Black, Solvent Extraction, Pharmaceutical, Chemicals, Petrochemicals, Fertilizers, Oil & Gas Municipal Solid Waste based Independent Power Plants (IPPs), and Captive Power Plants (CPPs).
Triveni Turbine Share Buyback 2022 Details
| Buyback Dates | 17 – 31 January 2023 |
| Triveni Turbine Buyback Price | INR 350 per share |
| Buyback Offer Size (Shares) | 54,28,571 shares |
| Buyback offer as % of total shares | 1.68 % |
| Buyback Offer Size (Amount) | INR 190 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Triveni Turbine Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 02 November 2022 |
| Buyback Approval Date | 02 November 2022 |
| Public Announcement of Buyback | 14 December 2022 |
| Triveni Turbine Buyback Record Date | 23 December 2022 |
| Buyback Opening Date | 17 January 2023 |
| Buyback Closing Date | 31 January 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 31 January 2023 |
| Verification Date by the Registrar | 8 February 2023 |
| Return of unaccepted shares by Registrar | 9 February 2023 |
| Extinguishment of accepted shares | 16 February 2023 |
Triveni Turbine Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Triveni Turbine Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 8/51 | 15.69 |
| General category (for all other Eligible Shareholders) | 1/69 | 1.44 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Triveni Turbine Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 844.97 | 831.74 | 716.62 | 837.86 |
| Total Expenses | 689.17 | 669.49 | 576.82 | 478.11 |
| Net income | 87.55 | 110.06 | 88.73 | 249.50 |
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 02 November 2022 | INR 282.90 ** |
| Maximum amount invested in buyback (INR 282.90 x 572 shares) | INR 1,61,819 |
** For simplicity, we have considered price on buyback approval date
Triveni Turbine Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 572 | 90 | 90 (100%) | 6,039 | 3.73 |
| 572 | 90 | 180 (200%) | 12,078 | 7.46 |
| 572 | 90 | 270 (300%) | 18,117 | 11.20 |
Registrar of Triveni Turbine Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +91 4067162222
Email:Â [email protected]
Website: www.kfintech.com
Manager of Triveni Turbine Buyback 2022
AMBIT PRIVATE LIMITED
Ambit House, 449,
Senapati Bapat Marg, Lower
Parel, Mumbai – 400 013
Tel. No. +91 22 6623 3030
Email: [email protected]
Website: www.ambit.co
Process to Participate in Triveni Turbine 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 Turbine share buyback offer open?
Triveni Turbine share buyback opens on 17 January 2023 and closes on 31 January 2023.
Which type of buyback is Triveni Turbine buyback offer?
Triveni Turbine buyback is a tender offer.
What is Triveni Turbine buyback price?
Triveni Turbine buyback price is INR 350 per share.
What is Triveni Turbine buyback record date?
Triveni Turbine buyback record date is 23 December 2022.
