Indian Toners and Developers Limited Buyback Review

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Incorporated in the year 1992, Indian Toners and Developers Limited is the largest manufacturer and exporters of compatible toners which are used for laser printers, new-age digital machines, multi-function printers, analogue copiers, etc. The client base of the company is spread across more than 20 countries, where they provide high-quality products at competitive prices.

Indian Toners and Developers is coming up with a buyback of shares worth Rs 36.98 Cr by re-purchasing 23,11,610 fully paid-up shares which represent 20.06% of total capital. ITDL buyback price is Rs 160 which is 20% higher than the closing share price of the date of announcement of the buyback.

What is Indian Toners and Developers Limited Buyback details?

Below is the complete details about Indian Toners and Developers Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: 36.98 Cr
    Buyback Number of Shares: 23,11,610
    Buyback Price: Rs 160
    Buyback Offer Size (In %): 20.06%
    Total Share Capital: 183.74 Cr
    Face Value: 10 Per Equity Share
    Buyback Offer Size (In %): 20.06%

Can I Invest today to participate in Indian Toners and Developers Limited buyback offer? No

What are Indian Toners and Developers Limited Buyback Important Dates?

In this section we have covered all important dates related to Indian Toners and Developers 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.

    Indian Toners and Developers Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 5th Nov 2020
    Buyback Approval date 5th Nov 2020
    Public Announcement of Buyback 2nd Jan 2021
    Record Date 15th Jan 2021
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

Indian Toners and Developers Limited Share Holding Pattern as of Sept 2020

Stock Holding table gives a clear picture on retail investor holdings of Indian Toners and Developers Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 69.3%
    Non-Promoter-Institutions 0.0%
    Non-Promoter-Non-Institutions 30.7%

Indian Toners and Developers Limited Public Announcement >>Document

Indian Toners and Developers Limited Draft Letter of Offer >>Document

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Indian Toners and Developers Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Indian Toners and Developers Limited? How can I apply in Indian Toners and Developers Limited Buyback offer?

Company Contact Information

INDIAN TONERS & DEVELOPERS Limited
10.5 KM Mile Stone, Rampur - Bareilly Road,
Rampur, Uttar Pradesh - 244901
Phone: +011-45017000
Email: [email protected]

Registrar Contact Information

ALANKIT ASSIGNMENTS LIMITED
Alankit House, 4E/2, ,
Jhandewalan Extension, New Delhi -110055
Tel.: +91 11 42541234/2354
Email:[email protected]
Website: www.alankit.com
Request call back from

Last Updated on 2021-01-11T00:51:55+00:00


Buyback FAQs

  1. 1. What is the record date for Indian Toners and Developers Limited buyback offer?

    The Record Date for Indian Toners and Developers Limited Buyback offer is 15th Jan 2021

    Which means you should hold the Indian Toners and Developers Limited share in your demat account by closing session of 15th Jan 2021. Share purchased on and before (15th Jan 2021) - 2 business days will be available in your demat account by 15th Jan 2021.

     

     

  2. 2. How much I can make with Indian Toners and Developers Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Indian Toners and Developers Limited shares at ₹135 and buyback offer price is ₹160, you can get ₹25 per accepted share. If you hold 1481 shares of Indian Toners and Developers Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 489 to 740 shares with the gain from buyback of ₹12225 to ₹18500.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Indian Toners and Developers Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%489₹12225
    50%740₹18500
    75%1111₹27775
    100%1481₹37025

     

     

  3. 3. How to Participate in Indian Toners and Developers Limited buyback offer?

    Steps to participate in Indian Toners and Developers Limited buyback:

    1. On Record date (15th Jan 2021) you must have share of Indian Toners and Developers Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Indian Toners and Developers Limited share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Indian Toners and Developers Limited share for buyback?

    Buyback opening date for Indian Toners and Developers Limited: Not Yet Announced

    Buyback closing date for Indian Toners and Developers Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in Indian Toners and Developers Limited buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

     

     

  7. 7. When I need to tender Indian Toners and Developers Limited share for buyback?

    Buyback opening date for Indian Toners and Developers Limited: Not Yet Announced

    Buyback closing date for Indian Toners and Developers Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

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