Established in 1975, Tips Industries Limited stands as one of India’s prominent entertainment enterprises, actively involved in music recording, film production, film promotion, and film distribution.
Originating with a focus on gramophone records, pre-recorded audio cassettes, blank audio cassettes, and replicated CDs, the company has since amassed a repository of more than 3500 titles, encompassing copyrights to numerous Hindi movies.
Tips Industries boasts a self-owned manufacturing facility and a well-structured distribution network. Furthermore, its global footprint is accentuated by operational offices situated in the United States, Dubai, and England.
Tips Industries Ltd. Stock Quote #
- Open: ₹319.00
- High – Low: ₹320.90 – ₹310.05
- Previous Close: ₹318.55
- Total Traded Value: 86,019
- 52 Weeks High: ₹337.70 (Aug 07, 2023)
- 52 Weeks Low: ₹139.07 (Aug 22, 2022)
- Updated On: Aug 11, 2023 4:00 PM
Tips Industries Buyback 2022 Detail #
| Issue Period | Jan 27, 2023 – Feb 9, 2023 |
| Security Name | Tips Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 126,000.00 |
| Issue Size (Amount) | ₹32.76 Crores |
| Buyback Price | ₹2600 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Tips Industries Buyback 2022 Issue Timetable #
| Last Date to buy shares | Dec 28, 2022 |
| Record Date | Dec 30, 2022 |
| Offer Opens On | Jan 27, 2023 |
| Last Date for receipt of Tender Forms | Feb 9, 2023 |
| Offer Closes On * | Feb 9, 2023 |
| Finalisation of Buyback Acceptance | Feb 17, 2023 |
| Last Date for settlment of bids | Feb 20, 2023 |
| Last Date for Extinguishment of Shares | Feb 27, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 37 Equity Shares out of every 762 Fully paid-up Equity Shares held on the Record Date. | 18,900.00 |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date. | 107,100.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 108.82 | 11.34 | 80.11 |
| 31-Mar-21 | 95.42 | 43.47 | 100.91 |
| 31-Mar-22 | 138.8 | 64.56 | 102.61 |
| 30-Sep-22 | 85.96 | 38 | 137.57 |
| Amount in ₹ Crore | |||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 1,923.90 | 1,725.00 | 1,837.57 |
| Oct-2022 | 1,850.00 | 1,456.15 | 1,598.71 |
| Sep-2022 | 1,740.00 | 1,470.00 | 1,591.33 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 1,910.00 | 1,700.00 | 1,837.56 |
| Oct-2022 | 1,850.00 | 1,458.45 | 1,601.22 |
| Sep-2022 | 1,724.95 | 1,465.00 | 1,592.46 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
Tips Industries Buyback 2022 Documents #
Company Contact Information #
Tips Industries Limited
601, Durga Chambers,
6th Floor, Linking Road,
Khar(west), Mumbai – 400 052Phone: +91 22 6643 1188
Email: bijal@tips.in
Website: https://tips.in/
601, Durga Chambers,
6th Floor, Linking Road,
Khar(west), Mumbai – 400 052Phone: +91 22 6643 1188
Email: bijal@tips.in
Website: https://tips.in/
Tips 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: tipsindustries.buyback@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
