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Mar 4, 2021 - Mar 18, 2021

Indian Toners & Developers Limited Buyback (Indian Toners & Developers Buyback) Detail

Incorporated in 1990, Indian Toners & Developers Limited (ITDL) is India's largest manufacturer and exporter of compatible toners that are used in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. Indian Toners & Developers Ltd. also offers premium quality colour toners for use in laser printers.

ITDL has two production units - One at Rampur and the other at Sitarganj. The company has a manufacturing capacity to produce 3600 metric tons of toners per annum and a dedicated production line for R&D.

 ITDL has a widespread distribution network with around 120 distributors spread across the country. The company exports toners to more than 20+ countries and has become one of the leading toner manufacturers and toner suppliers of South East Asia.

Indian Toners & Developers Buyback Detail

Issue PeriodMar 4, 2021 - Mar 18, 2021
Security NameIndian Toners & Developers Limited
Issue TypeTender Offer
Issue Size (Shares)0.23 Crores
Issue Size (Amount)₹36.99 Crores
Buyback Price₹160 per share
Face Value₹10 per share
Listing AtBSE

Indian Toners & Developers Buyback Issue Timetable

Offer Opens OnMar 4, 2021
Offer Closes OnMar 18, 2021
Record DateJan 15, 2021
Last Date for receipt of Tender FormsMar 22, 2021
Finalisation of Buyback AcceptanceMar 24, 2021
Last Date for settlment of bidsMar 25, 2021
Last Date for Extinguishment of SharesApr 8, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 980.64 1,219.71 1,192.35
Profit After Tax 121.94 204.15 242.23
Net Worth 1,844.21 1,798.63 1,644.31

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2020 131 117.55 124.65
Nov-2020 137.5 107.25 124.69
Oct-2020 117.45 87.05 103.04

Necessity of the Issue

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Indian Toners & Developers Buyback Documents

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Company Contact Information

Indian Toners & Developers Limited
10.5 KM Mile Stone,
Rampur - Bareilly Road,
Rampur, Uttar Pradesh, 244901

Phone: +011-45017000
Email: investors@indiantoners.com
Website: https://www.indiantoners.com/in/

Indian Toners & Developers Buyback Registrar

  1. Alankit Assignments Ltd
       Alankit House 2E/21,
       Jhandewalan Extension,
       New Delhi - 110055

    Phone: (011) 4254 1234
    Email: rta@alankit.com
    Website: https://www.alankit.com/

Indian Toners & Developers Buyback Manager

Lead Manager(s)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. SMC Global Securities Limited
    Email: smc@smcindiaonline.com

Find Indian Toners & Developers Buyback Latest Update

Indian Toners & Developers Buyback FAQs

The Indian Toners & Developers Buyback opens on Mar 4, 2021, and closes on Mar 18, 2021.

The Indian Toners & Developers Buyback is a Tender Offer.

Indian Toners & Developers Buyback Schedule

Buyback Opening DateMar 4, 2021
Buyback Closing DateMar 18, 2021
Last Date for receipt of Tender FormsMar 22, 2021
Finalisation of Buyback AcceptanceMar 24, 2021
Last Date for settlment of bidsMar 25, 2021
Last Date for Extinguishment of SharesApr 8, 2021

The Indian Toners & Developers Buyback is being offered at Rs ₹160 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.

The record date for the Indian Toners & Developers Buyback is Jan 15, 2021.

The issue size of Indian Toners & Developers Buyback is of 0.23 Crores equity shares at ₹160 per share aggregating upto ₹36.99 Crores.

The Buyback is undertaken by the Company to:
i) Distribute surplus cash to the Equity shareholders.
ii) Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

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 Indian Toners & Developers Buyback 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.


2 Comments

2. Aniketiaf  Feb 27, 2021 14:08 I Like It. 1 | Report Abuse Reply
About 50% AR can be expected.
2.1. Rafid  Mar 20, 2021 13:30 I Like It. | Report Abuse
Aniket What is the expected AR ?
1. Siva mallam  Mar 8, 2021 10:49 I Like It. | Report Abuse Reply
i am holding from 127 , since buyback at 160 , whats a good price to exit ? 155 will do ?