Control Print Buyback 2023 announced on 02 August 2023. The Control Print buyback will begin on August 24, 2023, and end on August 30, 2023. The company will buy back approximately 337,500 equity shares, or approximately 2.07% of face value ₹10, at a price of ₹800 per equity share. The size of this buyback is about ₹27.00 crore and this will be done through a buyback on the Tender Offer.
Control Print (India) Limited is engaged in the business of manufacturing of top-quality coding and marking equipment, and also produces coding and marking related consumables such as fluid ink, ink ribbons, and other essential supplies.
The company operates from its two factories in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The products Control Print Limited 34 of the company includes Continuous Ink Jet Printers, Thermal InkJet Printer, Laser Printer, High Resolution Printer, Thermal Transfer Overprinter etc.
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The company has 2 production facilities in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The Nalagarh facility, spanning 30,000 square feet was established in 2008, and the Guwahati facility covers 65,000 square feet and commenced operations in 2015. The company has over 500 employees, including more than 300 factory-trained engineers.
Necessity of the Issue :
- The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company and thereby, enhancing the overall return to shareholders.
- The Buyback which is implemented through tender offer route as prescribed under the Buyback Regulations would involve allocation to small shareholders the higher of number. of shares entitled as per their shareholding or 15% of the total number of shares to be bought back. The Company believes that this reservation for small shareholders would benefit public shareholders who would get classified as small shareholders.
- The Buyback gives the Eligible equity shareholders the choice to either (A) participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back or (B) not to participate in the buy-back and enjoy a resultant increase in their percentage shareholding in the Company post the buy-back, without additional investment.
Control Print Buyback 2023 Offer Details:
| Event Name | Details |
| Buyback Open : | 24 Aug – 30 Aug |
| Buyback Type : | Tender Offer |
| Last Date to Buy Share : | 17 August 2023 |
| Buyback Record Date : | 18 August 2023 |
| Buyback Offer Amount : | ₹27.00 Cr |
| Buyback Offer Size : | 2.07% |
| Buyback Number of Shares : | 337,500 |
| Listing : | NSE, BSE |
| Face Value : | ₹10/ per share |
| Buyback Price : | ₹800/- per share. |
Control Print Buyback 2023 Dates :
We have covered all important dates related to “Control Print Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 31 July 2023 |
| Buyback Approval date | 31 July 2023 |
| Public Announcement Date | 02 August 2023 |
| Buyback Record Date | 18 August 2023 |
| Buyback Opening Date | 24 August 2023 |
| Buyback Closing Date | 30 August 2023 |
Control Print Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹308.15 | ₹216.91 | ₹52.85 |
| 2022 | ₹258.49 | ₹193.83 | ₹40.10 |
| 2021 | ₹204.21 | ₹153.86 | ₹29.05 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri (East),
Mumbai, Maharashtra,400093
Tel No: 022 – 40430200 / 62638200
Email Id: [email protected]
Website: www.bigshareonline.com
Manager of The Buyback :
Keynote Financial Services Limited
The Ruby, 9thFloor, Senapati Bapat Marg,
Dadar (West), Mumbai – 400028
Tel: +91 22 6826 6000-3
E-mail: [email protected]
Website: www.keynoteindia.net
Company Address :
Control Print (India) Limited
C-106, Hind Saurashtra Industrial Estate,
Andheri-Kurla Road,
Marol Naka, Andheri (East), Mumbai 400059
Phone: +91 22 28599065
Email: [email protected]
Website: https://controlprint.com
How to Participate in Control Print Ltd buyback?
The Investors are eligible for the buyback scheme who have Control Print shares in their Demat account as the Record date is 18 August 2023 as the offer is Tender Offer. Investors can participate in the Control Print Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Control Print buyback scheme.
How to apply for Control Print buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Control Print and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Control Print buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Control Print Buyback in the search option.
- You can see Control Print buyback result in search option tap on the Control Print buyback.
- You will reach the Control Print buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Control Print buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Control Print stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Control Print Buyback 2023 FAQs:
When is Control Print Buyback Announcement Date?
Control Print buyback 2023 announcement date is 02 August 2023.
When is Control Print Buyback Open Date?
Control Print buyback Open date is 24 August 2023.
When is Control Print Buyback Close Date?
Control Print buyback Close date is 30 August 2023.
When is Control Print Buyback Record Date?
Control Print buyback 2023 Record date is 18 August 2023 as the offer is Tender Offer.
What is Control Print Buyback Price?
Control Print company has fixed the price at ₹800 per share.
What is Control Print Buyback Offer Size?
Control Print company Buyback Offer Size is ₹27.00 Cr.
How to apply for Control Print Buyback 2023?
As per the record date you need to have Control Print shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.