Last updated on August 22, 2024
TTK Prestige Buyback Record Date is 14 August 2024.
TTK Prestige, a subsidiary of the TTK Group, is a leading Indian manufacturer of kitchen appliances and cookware. Founded in 1955 and headquartered in Bangalore, the company is renowned for its innovative products, including pressure cookers, cookware, and various electrical appliances. TTK Prestige markets its products under the esteemed Prestige brand, which commands approximately 30% of the domestic pressure cooker market.
The company operates through a robust network of retail outlets and online platforms, upholding trust, transparency, and quality values in all its business practices. The company operates five manufacturing plants in Hosur, Coimbatore, Karjan, Roorkee, and Khardi, and has two dedicated Research and Development centers.
As of 31 March 2024, the company has 665 Prestige Xclusive stores across 27 States and 371 Towns. The service network has significantly expanded to 476 centers compared to 512 in FY 2023.
TTK Prestige Buyback Record Date, Other Details
| TTK Prestige Buyback Dates | 21 – 27 August 2024 |
| TTK Prestige Buyback Price | INR 1,200 per share |
| Market Price on Buyback Approval | INR 992.50 per share |
| Buyback Premium on Market Price | 20.91% |
| Buyback Offer Size (Shares) | 16,66,667 shares |
| Buyback Offer Size (Amount) | INR 200 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
TTK Prestige Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 30 July 2024 |
| Buyback Approval Date | 2 August 2024 |
| Public Announcement of Buyback | 6 August 2024 |
| TTK Prestige Buyback Record Date | 14 August 2024 |
| Buyback Opening Date | 21 August 2024 |
| Buyback Closing Date | 27 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 27 August 2024 |
| Verification Date by the Registrar | 2 September 2024 |
| Return of unaccepted shares by Registrar | 3 September 2024 |
| Extinguishment of accepted shares | 12 September 2024 |
TTK Prestige Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
TTK Prestige Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 11/120 | 9.17 |
| General category (for all other Eligible Shareholders) | 1/96 | 1.04 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
TTK Prestige Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 2,722 | 2,777 | 2,678 |
| Total Expenses | 2,296 | 2,416 | 2,374 |
| Net Income | 305 | 255 | 225 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,200 |
| Maximum shares for small shareholders (2,00,000/1,200) | 167 shares * |
| The closing price of the stock as of 2 August 2024 | INR 992.50** |
| Maximum amount invested in buyback (INR 992.50 x 167 shares) | INR 1,65,748 |
**Â For simplicity, we have considered the price on the buyback approval date
TTK Prestige Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 167 | 16 | 16 (100%) | 3,320 | 2.00 |
| 167 | 16 | 32 (200%) | 6,640 | 4.01 |
| 167 | 16 | 48 (300%) | 9,960 | 6.01 |
Registrar of TTK Prestige Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222 / 18003094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of TTK Prestige Buyback 2024
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (East), Mumbai 400069
Telephone:Â 022 268540808
Email:Â [email protected]
Website:Â www.ingaventures.com
The Process to Participate in TTK Prestige 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 stockbroker. 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 complete document verification, 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
What are TTK Prestige buyback dates?
TTK Prestige share buyback opens on 21 August 2024 and closes on 27 August 2024.
Which type of buyback is TTK Prestige buyback offer?
TTK Prestige buyback is a tender offer.
What is TTK Prestige buyback price?
TTK Prestige’s buyback price is INR 1,200 per share.
What is the TTK Prestige buyback record date?
TTK Prestige buyback record date is 14 August 2024.
How to participate in TTK Prestige share buyback?
TTK Prestige share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
