Tips Industries Buyback 2024 Record Date, Price & Ratio Details

Tips Industries Buyback 2024 details: Tips Industries open date is [.]. Tips Industries record date April 22 The investor should buy the Tips Industries 595,000 shares before the record date to get eligibility for the buyback.

Tips Industries Buyback 2024

Table of Contents

Tips Industries of ₹37.18 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: 2024
Buyback Close Date: 2024
Finalization of Buyback Acceptance: 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 ₹2,00,000 / ₹625 buyback price = 320 shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹161280105₹12705
50%₹161280160₹19360
75%₹161280240₹29040
100%₹161280320₹38720

Tips Industries Financial Report

₹ in Crores
YearRevenueExpensePAT
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 Registrar

NA

Tips Industries Buyback 2024 Lead Managers

  • NA

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.

Tips Industries Buyback 2024 FAQs


When is Tips Industries Buyback 2024 Record Date?

Tips Industries Buyback 2024 record date is April 22, 2024.

When is Tips Industries Buyback 2024 Open Date?

Tips Industries Buyback 2024 open date is [.].

What is Tips Industries Buyback 2024 Price?

The company has fixed the price at ₹625 per share.

How to apply for Tips Industries Buyback 2024?

As per the record date you need to have Tips Industries shares in your Demat Account. You can participate in buyback after having the stock in your Account.

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