Established in 1972, Technocraft Industries India Limited embarked on its journey by specializing in the production of Drum Closures. Over time, it rose to prominence as the second-largest global manufacturer of Steel Drum closures. The company’s product range extends beyond drum closures to encompass seal plugs, gaskets, drum flanges, and more.
Furthermore, the company expanded its horizons by venturing into the manufacture of plastic closures designed for both small metal and plastic containers. In the realm of engineering, Technocraft Industries stands as a dominant presence, particularly in the tube division. It excels in producing high-precision scaffolding systems that contribute significantly to building construction.
Diversification remains a hallmark of Technocraft Industries, as evidenced by its foray into the manufacturing of Cotton Yarn. Notably, the company achieved a significant milestone by attaining a 100% Export Oriented Unit (EOU) status. This achievement underscores the company’s commitment to excellence and growth.
Technocraft Industries (india) Ltd. Stock Quote #
- Open: ₹1,606.05
- High – Low: ₹1,671.90 – ₹1,606.05
- Previous Close: ₹1,598.25
- Total Traded Value: 32,709
- 52 Weeks High: ₹1,825.00 (Jun 21, 2023)
- 52 Weeks Low: ₹701.05 (Oct 14, 2022)
- Updated On: Aug 11, 2023 4:00 PM
echnocraft Industries Buyback 2022 Detail #
| Issue Period | Feb 1, 2023 – Feb 14, 2023 |
| Security Name | Technocraft Industries (India) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,500,000.00 |
| Issue Size (Amount) | ₹150.00 Crores |
| Buyback Price | ₹1000 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Technocraft Industries Buyback 2022 Issue Timetable #
| Last Date to buy shares | Dec 28, 2022 |
| Record Date | Dec 30, 2022 |
| Offer Opens On | Feb 1, 2023 |
| Last Date for receipt of Tender Forms | Feb 16, 2023 |
| Offer Closes On * | Feb 14, 2023 |
| Finalisation of Buyback Acceptance | Feb 21, 2023 |
| Last Date for settlment of bids | Feb 22, 2023 |
| Last Date for Extinguishment of Shares | Mar 1, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 33 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date. | 225,000.00 |
| General Category for all other Eligible Shareholders | 31 Equity Shares out of every 581 Fully paid-up Equity Shares held on the Record Date. | 1,275,000.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1393.98 | 123.19 | 24.46 | 914.16 | 635.08 |
| 31-Mar-21 | 1352.34 | 146.83 | 1069.37 | 1044.91 | 466.92 |
| 31-Mar-22 | 1958.55 | 274.57 | 1332.03 | 1307.57 | 506.14 |
| Amount in ₹ Crore | |||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 890.25 | 746.95 | 827.38 |
| Oct-2022 | 846.00 | 689.65 | 747.42 |
| Sep-2022 | 925.00 | 741.20 | 837.17 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 894.45 | 751.60 | 826.87 |
| Oct-2022 | 819.00 | 701.05 | 747.21 |
| Sep-2022 | 926.45 | 742.40 | 835.93 |
Necessity of the Issue #
The Buyback is being undertaken, inter-alia, for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders;
- The Buyback would involve allocation of number of Equity Shares reserved for the small shareholders;
- The Buyback may help in improving return on equity leading to long term increase in shareholders’ value;
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares; and
- The Buyback may lead to reduction in outstanding Equity Shares, improvement in earnings per Equity Share, and enhanced return on equity.
Technocraft Industries Buyback 2022 Documents #
Company Contact Information #
Plot No. 47, “Opus Centre”, Second Floor,
Central Road, Opposite Tunga Paradise Hotel, MIDC.
Andheri (East), Mumbai – 400 093Phone: +91-22-4098 2222/234
Email: investor@technocraftgroup.com
Website: http://www.technocraftgroup.com/
Technocraft Industries Buyback 2022 Registrar #
- Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: technocraft.buyback@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Technocraft Industries Buyback 2022 Manager #
Lead Manager(s)
Registered Broker
- Systematix Shares and Stocks (India) Limited
Email: compliance@systematixgroup.in
