Technocraft Industries Buyback 2023 Details

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Technocraft Industries India Limited was founded in 1972 and initially focused on the production of steel drum closures before expanding to include additional goods such seal plugs, gaskets, drum flanges, and so forth. 

The business also expanded into producing plastic closures for small metal and plastic containers. It is also a leader in the engineering industry’s tube division and manufactures very accurate scaffolding systems for the erection of buildings. 

Technocraft Industries expanded its product line to include cotton yarn production and was given the status of 100% EOU (Export Oriented Unit). 

Technocraft Industries Buyback 2023 Detail 

Issue Period Feb 1, 2023 – Feb 14, 2023 
Security Name Technocraft Industries (India) Limited 
Issue Type Tender Offer 
Issue Size (Shares) 1,500,000.00 
Issue Size (Amount) ₹150.00 Crores 
Buyback Price ₹1000 per share 
Face Value ₹10 per share 
Listing At BSE, NSE 
Marksans Pharma Buyback Details 2023

Technocraft Industries Buyback Dates

Last Date to buy shares Dec 28, 2022 
Record Date Dec 30, 2022 
Offer Opens On Feb 1, 2023 
Last Date for receipt of Tender Forms Feb 16, 2023 
Offer Closes On Feb 14, 2023 
Finalisation of Buyback Acceptance Feb 21, 2023 
Last Date for settlment of bids Feb 22, 2023 
Last Date for Extinguishment of Shares Mar 1, 2023 

Buyback Ratio 

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 

Company Financials 

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 

Objects of the Issue 

The Buyback is being undertaken, inter-alia, for the following reasons: 

  1. The Buyback will help the Company to return surplus cash to its shareholders; 
  1. The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders; 
  1. The Buyback may help in improving return on equity leading to long term increase in shareholders’ value; 
  1. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and 
  1. The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity. 

Technocraft Industries Buyback 2022 Documents

Company Contact Information

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

Technocraft 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

Technocraft Industries Buyback 2022 Manager

Lead Manager(s)

  1. Systematix Corporate Services Limited


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