Tender Offer | ₹27.00 Crores | Listed at BSE, NSE | Thu, Aug 24, 2023 - Wed, Aug 30, 2023
Control Print (India) Ltd. Buyback is a tender offer for the repurchase of up to 0.03 crore equity shares at a buyback price of ₹800 per share with a face value of ₹10 per share, aggregating to ₹27.00 crores.
The record date for determining eligible shareholders is Aug 18, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Aug 24, 2023 and closes on Aug 30, 2023, with the last date for receipt of tender forms being Aug 30, 2023.
The finalisation of buyback acceptance is expected on Sep 5, 2023, followed by settlement of bids on Sep 6, 2023.
Keynote Financial Services Ltd. is the Manager to the Buyback and Bigshare Services Pvt.Ltd. is the Registrar and Keynote Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Control Print (India) Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Aug 24, 2023
Offer Closing Date
Wed, Aug 30, 2023
Buyback Price
₹800 per share
Record Date
August 18, 2023
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 4 Equity Shares out of every 95 Fully paid-up Equity Shares held on the Record Date. | 50,625.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date. | 286,875.00 |
| Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 251.12 | 256.36 | 290.07 | 323.65 | 374.03 |
| Revenue | 175.43 | 196.06 | 204.21 | 258.49 | 308.15 |
| Profit After Tax | 29.75 | 26.34 | 29.05 | 40.10 | 52.85 |
| Net Worth | |||||
| Reserves and Surplus | |||||
| Total Borrowing |
Incorporated in 1991, Control Print (India) Limited is engaged in the business of manufacturing coding and marking equipment.
Control Print (India) manufactures coding and marking equipment. It also produces coding and marking-related consumables such as fluid ink, ink ribbons, and other essential supplies. The company has completed over 70,000 successful installations.
The company has 2 production facilities in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The Nalagarh facility, spanning 30,000 square feet was established in 2008, and the Guwahati facility covers 65,000 square feet and commenced operations in 2015. The company has over 500 employees, including more than 300 factory-trained engineers.
In April 2020, the company launched 'The Mask Lab' which supplied International Quality Surgical Face Masks and N95/FFP2/IS 9473 Quality Masks. In July 2022, Control Print acquired 75% of Markprint BV, a Netherlands-based company, which helped the company to gain technical capabilities and also set foot in the European market. Control Print has invested in Track-and-Trace Solutions to combat counterfeiting and enhance transparency in the supply chain. Control Print has also partnered with V-Shapes S.r.l., a supplier of sustainable single-dose sachets and packaging machinery. This collaboration leverages Control Print's expertise in coding and marking technology.
Control Print (India) has 11 branches all over India, and 4 International branches in Sri Lanka, Bangladesh, Nepal, and Oman.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 673.35 | 619.65 | 650.05 |
| Jun-2023 | 656.15 | 610.25 | 638.47 |
| May-2023 | 635.20 | 568.90 | 598.40 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 674.00 | 619.45 | 650.30 |
| Jun-2023 | 656.70 | 609.90 | 638.95 |
| May-2023 | 635.35 | 569.55 | 598.75 |
The Buy Back is being proposed by the Company to fulfill the following objectives:
Control Print (India) Ltd.
C-106, Hind Saurashtra Industrial Estate,
Andheri-Kurla Road,
Marol Naka, Andheri (East), Mumbai 400059
Andheri, Maharashtra, 400059
Lead Manager(s)
Registered Broker
The Control Print (India) Buyback 2023 opens on August 24, 2023, and closes on August 30, 2023.
Last date to be eligible to participate in buyback is August 17, 2023.
The Control Print (India) Buyback 2023 is a Tender Offer.
Control Print (India) Buyback 2023 Schedule
| Buyback Opening Date | August 24, 2023 |
| Buyback Closing Date | August 30, 2023 |
| Last Date for receipt of Tender Forms | August 30, 2023 |
| Finalisation of Buyback Acceptance | September 5, 2023 |
| Last Date for settlment of bids | September 6, 2023 |
| Last Date for Extinguishment of Shares | September 15, 2023 |
The Control Print (India) Buyback 2023 is being offered at Rs ₹800 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 4 Equity Shares out of every 95 Fully paid-up Equity Shares held on the Record Date. | 50,625.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date. | 286,875.00 |
The issue size of Control Print (India) Buyback 2023 is 3,37,500 equity shares at ₹800 per share aggregating up to ₹27.00 Crores.
The Buy Back is being proposed by the Company to fulfill the following objectives:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Control Print (India) Buyback 2023 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
