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Aug 18, 2022 - Feb 13, 2023

TCI Express Limited Buyback (TCI Express Buyback) Detail

Incorporated in 1996, TCI Express Limited offers door-to- door express logistics services around the globe. The company provides express delivery services through surface express, domestic air express, international air express, reverse express, E-commerce, C2C Express, rail express and cold chain express.

TCI Express Limited's distinct and unique values are Single point of contact, 24/7 coverage, Dedicated customer service, administrative and operational support, Door-to-door control of shipments, Standard Express service offerings and The ability to resolve a service issue using 'automotive' service recovery.

The company has a team of over 3500+ professionals and more than 40000 pickup and delivery locations.

TCI Express Buyback Detail

Issue PeriodAug 18, 2022 - Feb 13, 2023
Security NameTCI Express Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹75.00 Crores
Buyback Price₹2050 per share
Face Value₹2 per share
Listing AtBSE

Company Financials

TCI Express Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201036.3389.08337.27
31-Mar-21851.64100.6433.87
31-Mar-221089.64128.84536.19
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 1790.05 1491.45 1624.13
Jun-2022 1765.65 1551 1628.4
May-2022 1889.5 1444.5 1634.72

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 1790 1490.75 1626.09
Jun-2022 1764.95 1554 1630.02
May-2022 1898.85 1442.05 1634.95

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

TCI Express Buyback Documents

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Company Contact Information

TCI Express Limited
Flat Nos 306 & 307 1-8-273,
Ashoka Bhoopal Chambers, Third Ficar,
S.P Road, Secunderabad, 500003

Phone: +91 124 2384090 - 9
Email: info@tciexpress.in
Website: https://www.tciexpress.in/

TCI Express Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: matrimony.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

TCI Express Buyback Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Pvt Ltd

Registered Broker

  1. Motilal Oswal Financia! Services Limited
    Email: ksharma@motilaloswal.com

Find TCI Express Buyback Latest Update

TCI Express Buyback FAQs

The TCI Express Buyback opens on Aug 18, 2022, and closes on Feb 13, 2023.

The TCI Express Buyback is a Open Market Through Stock Exchange.

TCI Express Buyback Schedule

Buyback Opening DateAug 18, 2022
Buyback Closing DateFeb 13, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The TCI Express Buyback is being offered at Rs ₹2050 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The TCI Express Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹75.00 Crores with pricing of Rs.₹2050 per share.

The buyback is being undertaken for the following reasons:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The TCI Express 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.


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