Mindteck Buyback 2022 announced on 11 August 2022. The Mindteck buyback to start from 24 August 2022 and closes on 23 February 2023. The Company will do Buyback with equity of 7,61,111 Equity Shares around 2.95% of Face Value ₹10/ Each Fully paid off at a Price Of ₹180/- Per Equity. The size of this Buyback is about ₹13.70 Crores. And this will be done through a Buyback Open Market.
- The Mindteck Buyback 2022 has done fully subscribe by till date 30 January 2023. Click Here
Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001.
Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers – Kolkata and Bengaluru. Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020
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Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers – Kolkata and Bengaluru. Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020.
Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholder.
- The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders‟ value.
- Optimizes the Capital Structure.
Mindteck Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹13.70 Cr |
| Date of Board Meeting approving the proposal | 11 Aug 2022 |
| Date of Public Announcement | 11 Aug 2022 |
| Buyback Offer Size | 2.95% |
| Buyback Number of Shares | 7,61,111 |
| Listing | NSE, BSE |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹180/- per share. |
Mindteck Buyback 2022 Dates :
We have covered all important dates related to “Mindteck Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 11 August 2022 |
| Buyback Approval date | 11 August 2022 |
| Public Announcement Date | 11 August 2022 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 24 August 2022 |
| Buyback Closing Date | 23 February 2023 |
Mindteck Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹299 | ₹278 | ₹38 |
| 2021 | ₹287 | ₹267 | ₹16 |
| 2020 | ₹276 | ₹272 | ₹64 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Vivro Financial Services Private Limited
607/608 Marathon Icon,
Opp. Peninsula Corporate Park,
Veer Santaji Lane, Off Ganpatrao Kadam Marg,
Lower Parel Mumbai – 400 013,
Maharashtra, India
Phone: 022 6666 8040
E-mail: [email protected]
Website: www.vivro.net
Manager of The Buyback :
Universal Capital Securities Private Limited
C 101, 247 Park, LBS Road,
Vikhroli West, Mumbai – 400083,
Maharashtra
Phone: 022 49186178-79
E-mail: mindteck_buyback@unisec. in
Website: www.unisec.in
Company Address :
Mindteck (India) Limited
AMR Tech Park, Block 1,
3rd Floor #664, 23/24, Hosur Road,
Bommanahalli Bengaluru – 560068. India
Tel: +91 80 4154 8000/4154 8300
Fax: +91 80 4112 5813
E-mail: [email protected]
www.mindteck.com
How to Participate in Mindteck Ltd buyback?
The Investors are eligible for the buyback scheme who have Mindteck shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Mindteck Buyback 2022 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 Mindteck buyback scheme.
How to apply for Mindteck 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 Mindteck and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Mindteck 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 Mindteck Buyback in the search option.
- You can see Mindteck buyback result in search option tap on the Mindteck buyback.
- You will reach the Mindteck buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Mindteck 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 Mindteck 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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Mindteck Buyback 2022 FAQs:
When is Mindteck Buyback Announcement Date?
Mindteck buyback 2022 announcement date is 11 August 2022.
When is Mindteck Buyback Open Date?
Mindteck buyback Open date is 24 August 2022.
When is Mindteck Buyback Close Date?
Mindteck buyback Close date is 23 February 2023.
When is Mindteck Buyback Record Date?
Mindteck buyback 2022 Record date is Not Declare as the offer is Open market.
What is Mindteck Buyback Price?
Mindteck company has fixed the price at ₹180 per share.
What is Mindteck Buyback Offer Size?
Mindteck company Buyback Offer Size is ₹13.70 Cr.
How to apply for Mindteck Buyback 2022?
As per the record date you need to have Mindteck shares in your Demat account. You can participate in buyback after having the stock in your account.
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