Technocraft Industries (india) Ltd. Buyback
Technocraft Industries Buyback 2024
Tender Offer
₹4,500.00
Buyback price per share27 Aug, 2024
Last Date to buy shares26 Aug, 2024
Record Date02 Sep, 2024
Offer Opens06 Sep, 2024
Offer Closes06 Sep, 2024
Last Date for Tender Forms11 Sep, 2024
Finalisation of Buyback Acceptance12 Sep, 2024
Last Date for settlement of bids24 Sep, 2024
Last Date for Extinguishment of SharesAbout Technocraft Industries (india) Ltd. Buyback Company
Technocraft Industries India Limited, started with manufacturing of Drum Closures and became the second largest global manufacturer of Steel Drum closures including other products like seal plugs, gaskets, drum flanges etc.
The company also ventured into manufacturing of plastic closures for small metal and plastic containers and is a dominant player in the engineering sector, tube division and produces high precision scaffolding systems for building construction.
Technocraft Industries also diversified into manufacturing of Cotton Yarn and accorded a 100% EOU (Export Oriented Unit) status.
Technocraft Industries (india) Ltd. Buyback Details
- Security Name Technocraft Industries (india) Ltd.
- Buyback Price ₹4,500.00
- Face Valuet ₹10.00
- Listing at Group BSE, NSE
- Lead Manager Systematix Corporate Services Limited
- Issue Size 288,889 ( % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Technocraft Industries (india) Ltd. Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 97/745 | 43334 |
| General Category for all other Eligible Shareholders | 6/553 | 245555 |
Technocraft Industries (india) Ltd. Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Total Revenue | 2,034.90 | 1,958.55 | 1,352.34 |
| Profit After Tax | 278.28 | 274.45 | 146.83 |
| Total Assets | 2,364.26 | 2,110.70 | 1,776.13 |
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | 1,155.92 | 1,147.65 | 928.08 |
How to Participate in Technocraft Industries (india) Ltd. Buyback?
Calculation of Investment in Technocraft Industries (india) Ltd. Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 13, 2024
Expected Profit from the Technocraft Industries (india) Ltd. Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹145,191.56 | 14 | 17264 | 11.89% |
| 50% | ₹145,191.56 | 22 | 27130 | 18.69% |
| 75% | ₹145,191.56 | 33 | 40695 | 28.03% |
| 100% | ₹145,191.56 | 44 | 54260 | 37.37% |
Amount Invested in Buyback: ₹145,191.56
Technocraft Industries (india) Ltd. Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its members.
The buyback is expected to improve return on equity through cash distribution and earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
Contact Details
Technocraft Industries (india) Ltd. Buyback
Technocraft House, A-25, Road No. 03, MIDC Industrial Estate, Andheri (East), Mumbai - 400093
022-4098 2222
investor@technocraftgroup.com
Registrar Contact Details
Link Intime India Private Ltd
technocraft.buyback2024@linkintime.co.in
+91-22-4918 6270