Tips Industries Buyback 2022 description – The company is one of India’s largest entertainment players 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 Share Buyback 2022 Details
| Buyback Dates | Coming soon |
| Tips Industries Buyback Price | INR 2,600 per share |
| Buyback Offer Size (Shares) | 1,26,000 shares |
| Buyback offer as % of total shares | 0.97 % |
| Buyback Offer Size (Amount) | INR 32.76 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Tips Industries Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 9 November 2022 |
| Buyback Approval Date | 9 November 2022 |
| Public Announcement of Buyback | Coming soon |
| Tips Industries Buyback Record Date | Coming soon |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Tips Industries Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Tips Industries Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) |
1.18* | |
| General category (for all other Eligible Shareholders) |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Tips Industries Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 207.72 | 108.82 | 95.42 | 138.80 |
| Total Expenses | 199.13 | 93.28 | 35.39 | 49.43 |
| Net income | 2.85 | 11.34 | 43.47 | 64.56 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 2,600 |
| Maximum shares for small shareholder (2,00,000/2,600) | 77 shares* |
| Closing price of stock as on 9 November 2022 | INR 1,823.75 ** |
| Maximum amount invested in buyback (INR 1,823.75 x 77 shares) | INR 1,40,429 |
** For simplicity, IPO Central has considered price on buyback approval date
Tips Industries Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 77 | 1 | 1 (100%) | 776.25 | 0.55 |
| 77 | 1 | 2 (200%) | 1,552.50 | 1.11 |
| 77 | 1 | 3 (300%) | 2,328.75 | 1.66 |
Registrar of Tips Industries Buyback 2022
Phone:
Email:
Website:
Manager of Tips Industries Buyback 2022
Tel. No.:
Email:
Website:
Process to Participate in Tips Industries Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Tips Industries share buyback offer open?
Tips Industries share buyback opens on NA 2022 and closes on NA 2022.
Which type of buyback is Tips Industries buyback offer?
Tips Industries buyback is a tender offer.
What is Tips Industries buyback price?
Tips Industries buyback price is INR 2,600 per share.
What is Tips Industries buyback record date?
Tips Industries buyback record date is NA 2022.
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- Source: https://ipocentral.in/tips-industries-buyback-2022-record-date-price/