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Tips Industries Limited (BSE:532375, NSE:TIPSINDLTD) accepting shares from investors through a buyback offer. Do you want to submit your shares for Tips Industries Buyback 2024? The buyback has been announced on 29-Feb-24. The company has announced a buyback price of Rs 625 and the Record Date for the eligible investor is 22-Apr-24.
The tender process for the buyback of Tips Industries Limited will commence on 26-Apr-24 and close on 3-May-24.
The acceptance ratio for retail investors (holding shares worth less than Rs 2 lakhs on the record date) is 11%.
The summary report of the Tips Industries Limited Buyback includes an overview, record date, tender dates, size of buyback, buyback price, approximate entry level for new investors, date of cancellation of shares, acceptance ratio for retail investors and general category.
Below is the complete details about Tips Industries Limited Buyback. Record date, buyback open and close dates are announce in below section.
| About: | Details: |
|---|---|
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | ₹37.19 Cr |
| Buyback Number of Shares: | 5.95 Lakh shares |
| Buyback Price: | ₹625 |
| Buyback Offer Size (In %): | 0.46% |
| Face Value: | 1 Per Equity Share |
In this section we have covered all important dates related to Tips Industries Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Dates |
|---|---|
| Last Day to buy share for Entitlement | 4/19/2024 |
| Record Date | 4/22/2024 |
| Buyback opens on/Buyback Opening Date | 4/26/2024 |
| Buyback closes on/Buyback Closing Date | 5/3/2024 |
| Settlement of bids on the stock exchange | 5/10/2024 |
| Return unaccepted shares by Registrar | 5/23/2024 |
| Extinguishment of Equity Shares | 5/23/2024 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 11 Equity Shares out of every 444 Fully paid-up Equity Shares held on the Record Date. | 89,250.00 |
| General Category for all other Eligible Shareholders | 11 Equity Shares out of every 931 Fully paid-up Equity Shares held on the Record Date. | 505,750.00 |
Tips Industries Limited Letter of Offer >>Document
