Technocraft Industries of ₹130 crores approved by the board of directors at the meeting was held on August 13, 2024. Technocraft Industries will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹4500 per Equity Share and for an aggregate amount not exceeding ₹130 crores from the shareholders. Check out Technocraft Industries Buyback 2024 details below:
Technocraft was founded in 1972 by Mr. S.K. Saraf and Mr. S.M. Saraf, both IIT Powai graduates, initially catered to the local market before launching a significant export campaign in 1977. The Indian government officially recognized Technocraft as an export house in 1979. The company grew to dominate markets in the USA, Europe, and the Middle East and to become a major global supplier of high-precision drum closures. Technocraft began expanding in 1994 when it acquired Maharashtra Steel Tubes Ltd. In 1997, it expanded into cotton yarn production, establishing a captive power plant and a 100 percent EOU. With a focus on innovation and international expansion, the company expanded its operations to include clothing and scaffolding systems production.
Technocraft Industries History
- N/A
Technocraft Industries Buyback 2024 Dates
| Buyback Meeting Date: | August 13, 2024 |
| Buyback Announcement Date: | August 13, 2024 |
| Buyback Record Date: | August 27, 2024 |
| Last Date to Buy Shares: | August 26, 2024 |
| Buyback Open Date: | September 2, 2024 |
| Buyback Close Date: | September 6, 2024 |
| Finalization of Buyback Acceptance: | September 11, 2024 |
Technocraft Industries Buyback 2024 Offer Details
Technocraft Industries of 288,889 equity shares at a price of ₹4500 per equity share. The buyback offers not to exceed ₹130 crores of the total buyback offer size.
| Offer Amount: | ₹130 Crores |
| Number of Shares: | 288,889 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹4500 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Technocraft Industries Buyback 2024 Acceptance Ratio
The investor should buy around 44 shares at a current market price of ₹3260 (as of date). The calculation will be ₹2,00,000 / ₹4500 buyback price = 44 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹152680 | 14 | ₹14420 |
| 50% | ₹152680 | 22 | ₹22660 |
| 75% | ₹152680 | 33 | ₹33990 |
| 100% | ₹152680 | 44 | ₹45320 |
Technocraft Industries Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,710.77 | ₹1,430.38 | ₹221.73 |
| 2023 | ₹1,876.49 | ₹1,628.73 | ₹190.18 |
| 2024 | ₹1,716.59 | ₹1,483.29 | ₹168.68 |
How to Participate in Technocraft Industries Buyback 2024
The investors are eligible for the buyback scheme who have Technocraft Industries shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Technocraft Industries Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Technocraft Industriesepted shares by the company under the Technocraft Industries scheme.
Technocraft Industries Buyback 2024 Registrar
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
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Technocraft Industries Buyback 2024 Lead Managers
- Systematix Corporate Services Limited
Technocraft Industries Company Address
Technocraft Industries Limited
Technocraft House, A-25,
Road No. 03, MIDC Industrial Estate
Andheri (East), Mumbai – 400093,
Phone: 022-4098 2222
Email: [email protected]
Website: https://www.technocraftgroup.com/
How to Apply the Technocraft Industries through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Technocraft Industries”. Click on Place Order. Enter your Quantity and submit Technocraft Industries Application Form.
How to Apply the Technocraft Industries through Upstox?
Log in to Upstox Application with your credentials. Select the Technocraft Industries. You will see the Company Name “Technocraft Industries”. Click on Technocraft Industries Stock for Buyback. Enter your Quantity and submit Technocraft Industries Application Form.
How to Apply the Technocraft Industries through Technocraft Industries Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Technocraft Industries. Enter your Quantity and submit Technocraft Industries Application Form.
