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Incorporated in 1972, Technocraft Industries India Limited, started with manufacturing of Drum Closures and became the second largest global manufacturer of Steel Drum closures including other products like seal plugs, gaskets, drum flanges etc.
The company also ventured into manufacturing of plastic closures for small metal and plastic containers and is a dominant player in the engineering sector, tube division and produces high precision scaffolding systems for building construction.
Technocraft Industries also diversified into manufacturing of Cotton Yarn and accorded a 100% EOU (Export Oriented Unit) status.
Issue Period | February 1, 2023 - February 14, 2023 |
Security Name | Technocraft Industries (India) Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 1,500,000 |
Issue Size (Amount) | ₹150.00 Crores |
Buyback Price | ₹1000 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Last Date to buy shares | December 28, 2022 |
Record Date | December 30, 2022 |
Offer Opens On | February 1, 2023 |
Last Date for receipt of Tender Forms | February 16, 2023 |
Offer Closes On * | February 14, 2023 |
Finalisation of Buyback Acceptance | February 21, 2023 |
Last Date for settlment of bids | February 22, 2023 |
Last Date for Extinguishment of Shares | March 1, 2023 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 225,000.00 |
General Category for all other Eligible Shareholders | 31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date. | 1,275,000.00 |
Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|
31-Mar-20 | 1393.98 | 123.19 | 24.46 | 914.16 | 635.08 |
31-Mar-21 | 1352.34 | 146.83 | 1069.37 | 1044.91 | 466.92 |
31-Mar-22 | 1958.55 | 274.57 | 1332.03 | 1307.57 | 506.14 |
Amount in ₹ Crore |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 890.25 | 746.95 | 827.38 |
Oct-2022 | 846.00 | 689.65 | 747.42 |
Sep-2022 | 925.00 | 741.20 | 837.17 |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 894.45 | 751.60 | 826.87 |
Oct-2022 | 819.00 | 701.05 | 747.21 |
Sep-2022 | 926.45 | 742.40 | 835.93 |
The Buyback is being undertaken, inter-alia, for the following reasons:
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Technocraft Industries (India) Limited
Plot No. 47, “Opus Centre”, Second Floor,
Central Road, Opposite Tunga Paradise Hotel, MIDC.
Andheri (East), Mumbai – 400 093
Phone: +91-22-4098 2222/234
Email: investor@technocraftgroup.com
Website: http://www.technocraftgroup.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: technocraft.buyback@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager(s)
Registered Broker
The Technocraft Industries Buyback 2022 opens on February 1, 2023, and closes on February 14, 2023.
Last date to be eligible to participate in buyback is December 28, 2022.
The Technocraft Industries Buyback 2022 is a Tender Offer.
Technocraft Industries Buyback 2022 Schedule
Buyback Opening Date | February 1, 2023 |
Buyback Closing Date | February 14, 2023 |
Last Date for receipt of Tender Forms | February 16, 2023 |
Finalisation of Buyback Acceptance | February 21, 2023 |
Last Date for settlment of bids | February 22, 2023 |
Last Date for Extinguishment of Shares | March 1, 2023 |
The Technocraft Industries Buyback 2022 is being offered at Rs ₹1000 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 225,000.00 |
General Category for all other Eligible Shareholders | 31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date. | 1,275,000.00 |
The record date for the Technocraft Industries Buyback 2022 is December 30, 2022.
The issue size of Technocraft Industries Buyback 2022 is of 1,500,000 equity shares at ₹1000 per share aggregating upto ₹150.00 Crores.
The Buyback is being undertaken, inter-alia, for the following reasons:
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 Technocraft Industries Buyback 2022 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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The amount of the buyback should be Rs.150 Crores, not Rs. 15 Crores. Please check up once again and do the needful.