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January 27, 2023 - February 9, 2023

Tips Industries Limited Buyback (Tips Industries Buyback 2022) Detail

Founded in 1975, Tips Industries Limited is one of India's largest entertainment company engaged in music recording film production, film promotion, and film distribution company.

The company started with dealing into gramophone records, pre-recorded audio cassettes, blank audio cassettes, and replicated CDs. The company owns over 3500+ titles, copy rights of many Hindi movies.

Tips industries has its own manufacturing plant and distribution system. The company also has its global presence with its offices located in US, Dubai, England.

Tips Industries Buyback 2022 Detail

Issue PeriodJanuary 27, 2023 - February 9, 2023
Security NameTips Industries Limited
Issue TypeTender Offer
Issue Size (Shares)126,000
Issue Size (Amount)₹32.76 Crores
Buyback Price₹2600 per share
Face Value₹10 per share
Listing AtBSE, NSE

Tips Industries Buyback 2022 Issue Timetable

Last Date to buy sharesDecember 28, 2022
Record DateDecember 30, 2022
Offer Opens OnJanuary 27, 2023
Last Date for receipt of Tender FormsFebruary 9, 2023
Offer Closes On *February 9, 2023
Finalisation of Buyback AcceptanceFebruary 17, 2023
Last Date for settlment of bidsFebruary 20, 2023
Last Date for Extinguishment of SharesFebruary 27, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00

Company Financials

Tips Industries Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20108.8211.3480.11
31-Mar-2195.4243.47100.91
31-Mar-22138.864.56102.61
30-Sep-2285.9638137.57
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1,923.90 1,725.00 1,837.57
Oct-2022 1,850.00 1,456.15 1,598.71
Sep-2022 1,740.00 1,470.00 1,591.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1,910.00 1,700.00 1,837.56
Oct-2022 1,850.00 1,458.45 1,601.22
Sep-2022 1,724.95 1,465.00 1,592.46

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Tips Industries Buyback 2022 Documents

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Company Contact Information

Tips Industries Limited
601, Durga Chambers,
6th Floor, Linking Road,
Khar(west), Mumbai - 400 052

Phone: +91 22 6643 1188
Email: bijal@tips.in
Website: https://tips.in/

Tips Industries Buyback 2022 Registrar

  1. 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: tipsindustries.buyback@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Tips Industries Buyback 2022 Manager

Lead Manager(s)

  1. Inga Ventures Pvt Ltd

Registered Broker

  1. ITI Securities Broking Limited
    Email: himanshu.shah@itiorg.com

Find Tips Industries Buyback 2022 Latest Update

Tips Industries Buyback 2022 FAQs

The Tips Industries Buyback 2022 opens on January 27, 2023, and closes on February 9, 2023.

Last date to be eligible to participate in buyback is December 28, 2022.

The Tips Industries Buyback 2022 is a Tender Offer.

Tips Industries Buyback 2022 Schedule

Buyback Opening DateJanuary 27, 2023
Buyback Closing DateFebruary 9, 2023
Last Date for receipt of Tender FormsFebruary 9, 2023
Finalisation of Buyback AcceptanceFebruary 17, 2023
Last Date for settlment of bidsFebruary 20, 2023
Last Date for Extinguishment of SharesFebruary 27, 2023

The Tips Industries Buyback 2022 is being offered at Rs ₹2600 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date.18,900.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date.107,100.00

The record date for the Tips Industries Buyback 2022 is December 30, 2022.

The issue size of Tips Industries Buyback 2022 is of 126,000 equity shares at ₹2600 per share aggregating upto ₹32.76 Crores.

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.

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 Tips 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.


1 Comments

1. Amit   I Like It. 1|  Link|November 18, 2022 11:40:55 AM
One share strategy will not succeed here.
1.15. R K Goel     Link|February 18, 2023 8:18:06 AM
I got confirmation of acceptance in Buy, but didn't get payment till date. Normally buy back payments comes next day. Can all pl confirm payment status.
1.16. Arun     Link|February 18, 2023 8:52:51 AM
@RK
There might be some problem with ur bank details.
Drop a mail to ipo.helpdesk@linkintime.co.in
Sharing ur demat account and pan no. They will add balance to ur demat account.

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