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August 24, 2023 - August 30, 2023

Control Print (India) Limited Buyback (Control Print (India) Buyback 2023) Detail

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.

Control Print (India) Buyback 2023 Detail

Issue PeriodAugust 24, 2023 - August 30, 2023
Security NameControl Print (India) Limited
Issue TypeTender Offer
Issue Size (Shares)337,500
Issue Size (Amount)₹27.00 Crores
Buyback Price₹800 per share
Face Value₹10 per share
Listing AtBSE, NSE

Control Print (India) Buyback 2023 Issue Timetable

Last Date to buy sharesAugust 17, 2023
Record DateAugust 18, 2023
Offer Opens OnAugust 24, 2023
Last Date for receipt of Tender FormsAugust 30, 2023
Offer Closes On *August 30, 2023
Finalisation of Buyback AcceptanceSeptember 5, 2023
Last Date for settlment of bidsSeptember 6, 2023
Last Date for Extinguishment of SharesSeptember 15, 2023
* Last Date to Tender shares on Zerodha : August 29, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders4 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 Shareholders1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date.286,875.00

Company Financials

Control Print (India) Buyback 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 201931 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets251.12256.36290.07323.65374.03
Revenue175.43196.06204.21258.49308.15
Profit After Tax29.7526.3429.0540.1052.85
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buyback will help the company to improve financial ratios like EPS and ROE, by reducing the equity base of the company, and thereby enhancing the overall return to shareholders.
  2. 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.
  3. 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 get classified as Small Shareholders.

Control Print (India) Buyback 2023 Documents

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Company Contact Information

Control Print (India) Limited
C-106, Hind Saurashtra Industrial Estate,
Andheri-Kurla Road,
Marol Naka, Andheri (East), Mumbai 400059

Phone: +91 22 28599065
Email: ho@controlprint.com
Website: https://controlprint.com/

Control Print (India) Buyback 2023 Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: buybackoffer@bigshareonline.co.in
    Website: https://ipo.bigshareonline.com/ipo_status.html

Control Print (India) Buyback 2023 Manager

Lead Manager(s)

  1. Keynote Financial Services Ltd

Registered Broker

  1. Keynote Financial Services Limited
    Email: alpesh@keynoteindia.net

Find Control Print (India) Buyback 2023 Latest Update

Control Print (India) Buyback 2023 FAQs

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 DateAugust 24, 2023
Buyback Closing DateAugust 30, 2023
Last Date for receipt of Tender FormsAugust 30, 2023
Finalisation of Buyback AcceptanceSeptember 5, 2023
Last Date for settlment of bidsSeptember 6, 2023
Last Date for Extinguishment of SharesSeptember 15, 2023

The Control Print (India) Buyback 2023 is being offered at Rs ₹800 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders4 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 Shareholders1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date.286,875.00

The record date for the Control Print (India) Buyback 2023 is August 18, 2023.

The issue size of Control Print (India) Buyback 2023 is of 337,500 equity shares at ₹800 per share aggregating upto ₹27.00 Crores.

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buyback will help the company to improve financial ratios like EPS and ROE, by reducing the equity base of the company, and thereby enhancing the overall return to shareholders.
  2. 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.
  3. 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 get classified as Small Shareholders.

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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|August 10, 2023 3:33:34 PM
KRBL Ltd. Buyback Particulars

Mode: Tender Offer
Price: Rs.500/-
Size: 65,00,000 shares ( 2.76% of the total paid up)
Record Date: 25/08/2023
Happy investing.

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