Tender Offer | ₹32.76 Crores | Listed at BSE, NSE | Fri, Jan 27, 2023 - Thu, Feb 9, 2023
Tips Industries Ltd. Buyback is a tender offer for the repurchase of up to 0.01 crore equity shares at a buyback price of ₹2600 per share with a face value of ₹10 per share, aggregating to ₹32.76 crores.
The record date for determining eligible shareholders is Dec 30, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jan 27, 2023 and closes on Feb 9, 2023, with the last date for receipt of tender forms being Feb 9, 2023.
The finalisation of buyback acceptance is expected on Feb 17, 2023, followed by settlement of bids on Feb 20, 2023.
Inga Ventures Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and ITI Securities Broking Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Tips Industries Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Jan 27, 2023
Offer Closing Date
Thu, Feb 9, 2023
Buyback Price
₹2600 per share
Record Date
December 30, 2022
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 37 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 Shareholders | 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date. | 107,100.00 |
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 108.82 | 11.34 | 80.11 |
| 31-Mar-21 | 95.42 | 43.47 | 100.91 |
| 31-Mar-22 | 138.8 | 64.56 | 102.61 |
| 30-Sep-22 | 85.96 | 38 | 137.57 |
| Amount in ₹ Crore | |||
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.
| 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 |
| 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 |
The Buyback is being undertaken for the following reasons:
Tips Industries Ltd.
601, Durga Chambers,
6th Floor, Linking Road,
Khar(west), Mumbai - 400 052
Mumbai, Maharashtra, 400052
Lead Manager(s)
Registered Broker
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 Date | January 27, 2023 |
| Buyback Closing Date | February 9, 2023 |
| Last Date for receipt of Tender Forms | February 9, 2023 |
| Finalisation of Buyback Acceptance | February 17, 2023 |
| Last Date for settlment of bids | February 20, 2023 |
| Last Date for Extinguishment of Shares | February 27, 2023 |
The Tips Industries Buyback 2022 is being offered at Rs ₹2600 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 37 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 Shareholders | 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date. | 107,100.00 |
The issue size of Tips Industries Buyback 2022 is 1,26,000 equity shares at ₹2600 per share aggregating up to ₹32.76 Crores.
The Buyback is being undertaken 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 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.
