Established in 1932, Triveni Engineering and Industries Limited stands as a prominent figure among India’s largest integrated sugar manufacturers, holding a pivotal role in the realm of engineering enterprises.
The company’s endeavors encompass the production of superior-grade potable alcohol and fuel-grade ethanol. Its engineering division serves as a source of water treatment solutions, power transmission capabilities, and defense-oriented innovations.
With a crushing capacity totaling 61,000 TCD, Triveni Engineering and Industries Limited hold a prominent position as one of India’s premier integrated sugar producers (referred to as the “Sugar Business”). Simultaneously, the company’s Engineering Business is equally influential, particularly within power transmission and Water and Wastewater Treatment Solutions.
The core operations of the company are divided into two key segments: Power Transmission Business (PTB) and Water Business (WB).
Within the PTB realm, the company is engaged in three distinct business segments, encompassing gears, defense-focused initiatives, and built-to-print solutions. On the other hand, the offerings within the Water Business encompass a spectrum of custom-designed, ecologically conscious engineering solutions and procurement and construction services.
Triveni Engineering & Industries Ltd. Stock Quote #
- pen: ₹301.70
- High – Low: ₹309.50 – ₹298.10
- Previous Close: ₹301.15
- Total Traded Value: 7,39,955
- 52 Weeks High: ₹333.00 (Jul 25, 2023)
- 52 Weeks Low: ₹217.60 (Aug 12, 2022)
- Updated On: Aug 10, 2023 4:00 PM
Triveni Engineering Buyback 2022 Detail #
| Issue Period | Feb 16, 2023 – Mar 1, 2023 |
| Security Name | Triveni Engineering and Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 22,857,142.00 |
| Issue Size (Amount) | ₹800.00 Crores |
| Buyback Price | ₹350 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Triveni Engineering Buyback 2022 Issue Timetable #
| Last Date to buy shares | Dec 21, 2022 |
| Record Date | Dec 23, 2022 |
| Offer Opens On | Feb 16, 2023 |
| Last Date for receipt of Tender Forms | Mar 1, 2023 |
| Offer Closes On * | Mar 1, 2023 |
| Finalisation of Buyback Acceptance | Mar 10, 2023 |
| Last Date for settlment of bids | Mar 13, 2023 |
| Last Date for Extinguishment of Shares | Mar 20, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date. | 3,428,572.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date. | 19,428,570.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 4472.9 | 335.12 | 1303.62 | 1268.5 | 1547.77 |
| 31-Mar-21 | 4733.75 | 294.6 | 1517.35 | 1480.01 | 990.48 |
| 31-Mar-22 | 4716.23 | 424.06 | 1869.38 | 1831.81 | 1575.06 |
| 30-Sep-22 | 2854.67 | 1454.21 | 3281.28 | 3244.26 | 883.98 |
| Amount in ₹ Crore | |||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 308.85 | 252.30 | 277.35 |
| Oct-2022 | 291.80 | 249.30 | 270.63 |
| Sep-2022 | 294.35 | 232.80 | 253.42 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 308.90 | 252.05 | 277.47 |
| Oct-2022 | 292.00 | 247.30 | 270.58 |
| Sep-2022 | 294.35 | 231.60 | 253.48 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders’ value and improving return on equity.
2. The Company’s dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.
Triveni Engineering Buyback 2022 Documents #
Company Contact Information #
A-44, Hosiery Complex,
Phase-II Extension,
Noida – 201 305Phone: 91 120 4308000
Email: shares@trivenigroup.com
Website: http://www.trivenigroup.com/
Triveni Engineering Buyback 2022 Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: triveni.buyback2022@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
