Ttk Prestige Ltd. Buyback
Ttk Prestige Buyback 2024
Tender Offer
₹1,200.00
Buyback price per share12 Aug, 2024
Last Date to buy shares14 Aug, 2024
Record Date21 Aug, 2024
Offer Opens27 Aug, 2024
Offer Closes27 Aug, 2024
Last Date for Tender Forms02 Sep, 2024
Finalisation of Buyback Acceptance03 Sep, 2024
Last Date for settlement of bids12 Sep, 2024
Last Date for Extinguishment of SharesAbout Ttk Prestige Ltd. Buyback Company
Ttk Prestige Ltd. is a consumer appliance brand in India.
The company mainly manufactures and sells domestic kitchen appliances under the brand name Prestige. Their products include pressure cookers, non-stick cookware, gas stoves, and other electric appliances. They have recently started offering home cleaning solutions.
The company's manufacturing units are in Hosur and Coimbatore in Tamil Nadu, Roorkee in Uttarakhand, Karjan in Gujarat, and Khardi in Maharashtra, all of which are ISO certified. They're known for being a top choice for pressure cookers, non-stick cookware, induction cooktops and a significant player in other domestic kitchen appliances.
The company sells its products in India as well as exports to countries such as USA, UK, Australia, Fiji, New Zealand, Bangladesh, Sri Lanka, UAE, Middle East, South Africa, Mauritius and Egypt.The company operates over 620 Prestige Xclusive Stores in 305 Indian cities across 28 states.
The company operates more than 650 stores across India.The company's manufacturing units are situated in Hosur, Coimbatore, Karjan, Roorkee and Khardi.As of August 2024, the company has over 2500 employees in various departments.
Ttk Prestige Ltd. Buyback Details
- Security Name Ttk Prestige Ltd.
- Buyback Price ₹1,200.00
- Face Valuet ₹1.00
- Listing at Group BSE, NSE
- Lead Manager Inga Ventures Pvt Ltd
- Issue Size 1,666,666 (1.2 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Ttk Prestige Ltd. Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Ttk Prestige Ltd. Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Net Worth | -- | -- | -- |
| Profit After Tax | 225.33 | 254.95 | 305.43 |
| Total Borrowing | -- | -- | -- |
| Total Assets | 2,742.66 | 2,587.45 | 2,414.49 |
| Total Revenue | 2,753.38 | 2,822.79 | 2,757.5 |
| Reserves And Surplus | 2,044.78 | 1,892.75 | 1,682.86 |
How to Participate in Ttk Prestige Ltd. Buyback?
Calculation of Investment in Ttk Prestige 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 2, 2024
Expected Profit from the Ttk Prestige Ltd. Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹165,416.67 | 55 | 11412 | 6.90% |
| 50% | ₹165,416.67 | 83 | 17222 | 10.41% |
| 75% | ₹165,416.67 | 125 | 25937 | 15.68% |
| 100% | ₹165,416.67 | 166 | 34445 | 20.82% |
Amount Invested in Buyback: ₹165,416.67
Ttk Prestige Ltd. Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder 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 a large number of public shareholders, who would be classified as small shareholders.
Contact Details
Ttk Prestige Ltd. Buyback
Plot No. 38 SIPCOT Industrial Complex Hosur - 635126
+91 80 2217 743
investorhelp@ttkprestige.com
Registrar Contact Details
Kfin Technologies Limited
ttkprestige.buyback@kfintech.com
04067162222, 04079611000