Tips Industries of ₹37.19 crores approved by the board of directors at the meeting was held on February 28, 2024 Tips 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 ₹1 each equity share at a price of ₹625 per Equity Share and for an aggregate amount not exceeding ₹37.19 crores from the shareholders. Check out Tips Industries Buyback 2024 details below:
Tips Industries Limited is a leading Indian music label that creates and monetizes music. It has an extensive music repertoire of film, non-film, devotional, pop, and recreations in Hindi, Punjabi, Telugu, Tamil, Marathi, Gujarati, Bhojpuri and other languages straddles all genres of popular Indian music. The catalog is licensed to over-the-top (OTT) audio platforms like Spotify, JioSavaan, Apple (iTunes), and Amazon, OTT video platforms like YouTube, social media platforms, content aggregators, television channels, telecom companies, radio stations, advertisers, event management companies, hotels, restaurants, and others. Through a robust multi-year track record, the company has demonstrated consistent success in creating high-quality music and acquiring music-related intellectual property rights (IPR).
Tips Industries History
- N/A
Tips Industries Buyback 2024 Dates
| Buyback Meeting Date: | February 28, 2024 |
| Buyback Announcement Date: | February 28, 2024 |
| Buyback Record Date: | April 22, 2024 |
| Last Date to Buy Shares: | April 19, 2024 |
| Buyback Open Date: | April 26, 2024 |
| Buyback Close Date: | May 3, 2024 |
| Finalization of Buyback Acceptance: | May 10, 2024 |
Tips Industries Buyback 2024 Offer Details
Tips Industries of 595,000 equity shares at a price of ₹625 per equity share. The buyback offers not to exceed ₹37.19 crores of the total buyback offer size.
| Offer Amount: | ₹37.19 Crores |
| Number of Shares: | 595,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹625 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Tips Industries Buyback 2024 Acceptance Ratio
The investor should buy around 320 shares at a current market price of ₹465 (as of date). The calculation will be ₹200,000 / ₹625 buyback price = 320 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹161280 | 105 | ₹12705 |
| 50% | ₹161280 | 160 | ₹19360 |
| 75% | ₹161280 | 240 | ₹29040 |
| 100% | ₹161280 | 320 | ₹38720 |
Tips Industries Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹91 | ₹35 | ₹43 |
| 2022 | ₹136 | ₹49 | ₹65 |
| 2023 | ₹187 | ₹85 | ₹77 |
How to Participate in Tips Industries Buyback 2024
1. Firstly, to be eligible for the buyback the investor should have shares of Tips Industries Limited in Demat or physical form as on the record date [To be Updated].
2. Once you have shares in Demat, you can participate in the buyback process which is opening from [To be Updated] by selling your shares through your broker on NSE or BSE.
3. Then on [To be Updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Tips Industries Buyback 2024 Lead Managers
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Tips Industries Buyback 2024 Lead Managers
- Inga Ventures Pvt Ltd
Tips Industries Company Address
Tips Industries Limited
601, Durga Chambers,
6th Floor, Linking Road,
Khar (West), Mumbai – 400 052
Phone: +91 22 6643 1188
Email: [email protected]
Website: https://tips.in/
How to Apply the Tips 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 “Tips Industries “. Click on Place Order. Enter your Quantity and submit Tips Industries Application Form.
How to Apply the Tips Industries through Upstox?
Log in to Upstox Application with your credentials. Select the Tips Industries . You will see the Company Name “Tips Industries “. Click on Tips Industries Stock for Buyback. Enter your Quantity and submit Tips Industries Application Form.
How to Apply the Tips Industries through Tips Industries Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Tips Industries . Enter your Quantity and submit Tips Industries Application Form.
