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

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Triveni Turbine Buyback

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 DatesComing soon
Triveni Turbine Buyback Price INR 350 per share
Buyback Offer Size (Shares)54,28,571 shares
Buyback offer as % of total shares1.68 %
Buyback Offer Size (Amount)INR 190 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Triveni Turbine Buyback Dates (Timeline)

Board Meeting for Buyback Proposal02 November2022
Buyback Approval Date02 November2022
Public Announcement of BuybackComing soon
Triveni Turbine Buyback Record DateComing soon
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

Triveni Turbine Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Triveni Turbine Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
6.48*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern.

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 2019FY 2020FY 2021FY 2022
Total Income844.97831.74716.62837.86
Total Expenses689.17669.49576.82478.11
Net income 87.55110.0688.73249.50
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 02 November 2022INR 282.90 **
Maximum amount invested in buyback (INR 282.90 x 572 shares)INR 1,61,819
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Triveni Turbine Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
5723838 (100%)2549.801.58
5723876 (200%)5099.603.15
57238114 (300%)7649.404.73

Registrar of Triveni Turbine Buyback 2022


Phone: 
Email: 
Website:


Manager of Triveni Turbine Buyback 2022


Tel. No.:
Email:
Website:


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 NA 2022 and closes on NA 2022.

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 NA 2022.

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