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.
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 |
Can I Invest today to participate in Indian Toners and Developers Limited buyback offer? No
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.
| 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 | 4th Mar 2021 |
| Buyback closes on/Buyback Closing Date | 18th Mar 2021 |
| Cut-off date to receive completed tender forms by Registrar | 22nd Mar 2021 |
| Cut-off date for verification by the Registrar | 24th Mar 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | 24th Mar 2021 |
| Last date of settlement of bids on the stock exchange | 25th Mar 2021 |
| Last date to return unaccepted shares by Registrar | 25th Mar 2021 |
| Last date of extinguishment of Equity Shares | 8th Apr 2021 |
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
Indian Toners and Developers Limited Letter of Offer >>Document
For Buy back shares holders are divided in 2 categories:
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 111 Equity Share out of every 632 fully paid-up Equity Share held on the Record Date. | 17.56 |
| General Category | 111 Equity Share out of every 632 fully paid-up Equity Share held on the Record Date. | 17.56 |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Suprajit Engineering Limited | Tender Offer | Rs 48 Cr | 320 | 283.50 (-0.70%) | 22-02-2021 | 08-04-2021 | 26-04-2021 | NIIT Limited | Tender Offer | Rs 237 Cr | 240 | 177.55 (-0.22%) | 24-02-2021 | 12-04-2021 | 28-04-2021 | Smartlink Holdings Limited | Tender Offer | Rs 31.58 Cr | 95 | 84.20 (-0.12%) | 01-03-2021 | TBD | TBD | Bharat Rasayan Limited | Tender Offer | 107.49 Cr | 11,500 | 9984.35 (-1.70%) | 05-03-2021 | TBD | TBD | Aarti Drugs Limited | Tender Offer | Rs 60 Cr | 1000 | 733.80 (3.03%) | 01-04-2021 | TBD | TBD | SIS Limited | Tender Offer | Rs 100 Cr | 550 | 391.95 (-0.42%) | 09-04-2021 | TBD | TBD | SIS Limited | Tender Offer | Rs 100 Cr | 550 | 391.95 (-0.42%) | 09-04-2021 | TBD | TBD | Quick Heal | Tender Offer | Rs 155 Cr | 245 | 193.45 (-0.46%) | TBD | TBD | TBD |
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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?
Last Updated on 2021-02-24T00:35:34+00:00
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.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 489 | ₹12225 |
| 50% | 740 | ₹18500 |
| 75% | 1111 | ₹27775 |
| 100% | 1481 | ₹37025 |
Steps to participate in Indian Toners and Developers Limited 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.
Buyback opening date for Indian Toners and Developers Limited: 4th Mar 2021
Buyback closing date for Indian Toners and Developers Limited: 18th Mar 2021
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 22nd Mar 2021.
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 25th Mar 2021.
Buyback opening date for Indian Toners and Developers Limited: 4th Mar 2021
Buyback closing date for Indian Toners and Developers Limited: 18th Mar 2021
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 22nd Mar 2021.
