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Incorporated in 1996. Tips Industries Ltd (TIPS) is one of the leading media company founded by Taurani brothers, Mr. Kumar S. Taurani and Mr. Ramesh S. Taurani. The company is primarily engaged in film production & distribution and audio/video products. It operates in multiple segments such as music promotion, audio/video productions, film production, film distribution, event management and others.
The business has its own distribution system that serve Tips products to more than 1,000 wholesalers and 4,00,000 retailers. The firm has offices situated in Dubai, England and US where it operates through licenses. The company not just serves Indian market but also serves people globally as it distribute audio, video and music products in different countries such as South Africa, Malaysia, Israel and others.
It also owns two factories that use in-house logistics and works on digital bin mastering facilities such as just-in-time (JIT) inventory management technique and produces more than 150,000 cassettes every day. The company further owns a Hindi film franchise, named RACE franchise. The company has made 50+ Hindi movies and many-times, it has been recognized with the best sellers’ award. As on quarter ending on September 2019, the business has reported total revenue of 2,749.38 Lac and net profit of 260.67 Lac.
Feb 13th, 2020:Tips Industries Ltd (BSE:532375 | NSE:TIPSINDLTD ) board has approved a proposal for purchase of up to 13.50 lakh shares at Rs 140 per share, aggregating Rs 18.90 Cr (Buyback Offer Size) that is 9.43% of total paid equity share capital.
Below is the complete details about Tips Industries Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 18.90 Cr |
| Buyback Number of Shares: | 13.50 Lakhs |
| Buyback Price: | Rs 140 |
| Buyback Offer Size (In %): | 9.43% |
| Total Share Capital: | Rs 178.6 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Tips Industries Limited buyback offer? No
We advocate honest for TIPS buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be same as actual. We tend to rate TIPS buyback as 2.5/5 (fair).
Making a resonable amount of profit is not possible in TIPS buyback for a new retail investor. With referance to current market price buyback price is up by 10% (Approx).
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 | Date |
|---|---|
| Board Meeting for Buyback proposal | 13th Feb 2020 |
| Buyback Approval date | 13th Feb 2020 |
| Public Announcement of Buyback | 13th Feb 2020 |
| Record Date | 3rd Apr 2020 |
| Buyback opens on/Buyback Opening Date | 2nd Jun 2020 |
| Buyback closes on/Buyback Closing Date | 15th Jun 2020 |
| Cut-off date to receive completed tender forms by Registrar | 17th Jun 2020 |
| Cut-off date for verification by the Registrar | 23rd Jun 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
23rd Jun 2020 |
| Last date of settlement of bids on the stock exchange | 24th Jun 2020 |
| Last date to return unaccepted shares by Registrar | 24th Jun 2020 |
| Last date of extinguishment of Equity Shares | 1st Jul 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Tips Industries 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 | 74.82% |
| Non-Promoter-Institutions | 0.05% |
| Non-Promoter-Non-Institutions | 25.14% |
Tips Industries Limited Public Announcement >>Document
Tips Industries Limited Letter of Offer >>Document
Tips Industries Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 112 Equity Shares out of every 521 Equity Shares held on the Record Date | 21.50 |
| General Category | 35 Equity Shares out of every 408 Equity Shares held on the Record Date | 8.58% |
For Tips Industries Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 49%, No. of Equity Shares reserved in Buyback was 1147500 where valid bid received for retail category was 2408214 which is 49% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 90%, No. of Equity Shares reserved in Buyback was 202500 where valid bid received for retail category was 253810 which is 90%. Final Acceptance Ratio for Retail Investors was 90%.
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 |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Tips Industries 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 Tips Industries Limited? How can I apply in Tips Industries Limited Buyback offer?Last Updated on 2020-07-10T23:17:09+00:00
