02-Aug-2023
2 mins read
Control Print Limited, a renowned coding and marking equipment manufacturer, has received final approval from its board of directors to propose a buyback offer through a tender route worth Rs 27 Crores.
The issue size will be 337,500 equity shares, representing 2.07% of the total equity shares as of March 31, 2023. The equity shares have a face value of Rs 10. The buyback price is set at ₹800 per equity share, with a total cash payout not exceeding Rs 27 Crores.
The record date for eligibility to participate in the Buyback is Friday, August 18 2023. The company’s promoters and their group have expressed their intention to participate in the proposed Buyback, following Buyback Regulations.
Company Profile
Control Print Limited, established on January 14 1991, is a well-known coding and marking equipment manufacturer. In addition to coding and marking equipment, it produces consumables such as fluid ink, ink ribbons, and other essential supplies. Control Print has emerged as a pioneer in the industry, offering innovative solutions to meet various sectors’ coding and marking needs. The company has successfully completed more than 70,000 installations. Moreover, it has a strong network with 300+ sales and service field staff across 11 branch offices in India and Sri Lanka.
Control Print (India) Limited Buyback Details
| Issue Period | Yet to be announced |
| Security Name | Control Print (India) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 337,500.00 |
| Issue Size (Amount) | Rs 27 Crores |
| Buyback Price | Rs 800 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE, NSE |
Company Financials of Control Print (India) Limited (In Rs Crore)
| Period Ended | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 251.12 | 256.36 | 290.07 | 323.65 | 374.03 |
| Revenue | 175.43 | 196.06 | 204.21 | 258.49 | 308.15 |
| Profit After Tax | 29.75 | 26.34 | 29.05 | 40.1 | 52.85 |
Lead Manager of the Control Print (India) Limited Buyback
The lead managers of the Buyback are not announced yet.
How to apply for Control Print (India) Limited Buyback
Wait for the Buyback to open for subscription, then click on this link to apply for the Control Print (India) Limited Buyback with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Control Print (India) Buyback
The registrar for Control Print (India) Buyback is yet to be announced.
FAQ
- What is a buyback offer?
A buyback offer is when a company repurchases its own shares from existing shareholders, typically at a specified price, which is often higher than the current market price.
- How much is Control Print’s buyback offer worth?
Control Print’s buyback offer is worth Rs 27 Crores, and it includes 337,500 equity shares, representing 2.07% of the total equity shares as of March 31, 2023.
- What is the buyback price per share?
The buyback price per equity share is Rs 800.
- Who is eligible to participate in the Buyback?
The shareholders are eligible to participate in the Buyback till August 18 2023, which is the record date as of now.
- When will the Buyback open for subscription?
The open date is yet to be announced.
- Can the promoters participate in the Buyback?
Yes, the company’s promoters and their group have expressed their intention to participate in the proposed Buyback, following Buyback Regulations.
- How do I apply for the Control Print (India) Limited Buyback?
To apply for the Buyback, you need to wait for the Buyback to open for subscription and then visit the provided link (https://www.bonanzaonline.com/) to apply.
- What does Control Print (India) Limited do?
Control Print Limited is a renowned manufacturer of coding and marking equipment, and it also produces related consumables such as fluid ink and ink ribbons. They offer innovative solutions to meet the coding and marking needs of various sectors.
- Where is Control Print’s listing?
Control Print Limited is listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).