The Control Print Buyback date has been Recorded on August 18
Control Print Buyback 2023 was announced on July 31, 2023. The Control Print buyout will begin on August 24, 2023. The control print buyback record date is August 18, 2023. To be eligible for the buyback, the investor must purchase Control Print shares prior to the record date.
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Record Date
August 18
Buyback Price
₹800 per equity share
Face Value
₹10 per share
Offer Closes On
August 30, 2023
Control Print Buyback Price
The Control Print Buyback price is ₹[800 per equity share ].
IPO Overview
Control Print (India) Limited, established in 1991, specializes in the manufacturing of coding and marking equipment. Additionally, the company produces various coding and marking-related consumables, such as fluid ink, ink ribbons, and other essential supplies. With a track record of over 70,000 successful installations, Control Print (India) has established itself as a reliable and trusted provider in the industry. The company operates two production facilities located in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The Nalagarh facility, covering an area of 30,000 square feet, was established in 2008. On the other hand, the Guwahati facility spans 65,000 square feet and began its operations in 2015. With a workforce of over 500 employees, including more than 300 factory-trained engineers, Control Print (India) is well-equipped to meet the demands of its customers.
Control Print Buyback 2023 Dates
| Buyback Meeting Date: | July 31, 2023 |
| Buyback Announcement Date: | July 31, 2023 |
| Buyback Record Date: | August 18, 2023 |
| Last Date to Buy Shares: | August 17, 2023 |
| Buyback Open Date: | August 24, 2023 |
| Buyback Close Date: | August 30, 2023 |
| Finalization of Buyback Acceptance: | September 5, 2023 |
Control Print Buyback 2023 Offer Details
Control Print buyback of 337,500 equity shares at a price of ₹800 per equity share. The buyback offers not to exceed ₹27 crores of the total buyback offer size.
| Offer Amount: | ₹27 Crores |
| Number of Shares: | 337,500 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹800 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
Control Print Buyback 2023 Acceptance Ratio
The investor should buy around 250 shares at a current market price of ₹636 (Announced date). The calculation will be ₹2,00,000 / ₹800 buyback price = 250 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,59,000 | 82 | ₹13,448 |
| 50% | ₹1,59,000 | 125 | ₹20,500 |
| 75% | ₹1,59,000 | 187 | ₹30,668 |
| 100% | ₹1,59,000 | 250 | ₹41,000 |
Control Print Financial Report
| Year | Revenue | Expense | PAT |
| 2021 | ₹204 | ₹154 | ₹29 |
| 2022 | ₹256 | ₹197 | ₹40 |
| 2023 | ₹304 | ₹228 | ₹53 |
Company Profile
The board of directors approved a control print buyback of Rs. 27 crore on July 31, 2023. Control Print Buyback will be accomplished through the stock exchange mechanism via the Tender Offer procedure. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 10 each at a price of 800 per equity share and for an aggregate amount not exceeding 27 crores from the shareholders. Control Print Limited is a well-known manufacturer of coding and marking equipment noted for its high-quality products and services. Control Print, founded on January 14, 1991, has emerged
as a pioneer in the field, delivering unique solutions to fulfil the coding and marking demands of many sectors. Control Print Limited manufactures coding and marking consumables such as fluid ink, ink ribbons, and other vital supplies in addition to high-quality coding and marking equipment. Customers can rely on Control Print for all of their coding and marking needs thanks to this complete approach.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | buybackoffer@bigshareonline.co.in |
| Website | https://ipo.bigshareonline.com |
Contact Details
| Name | Control Print Buyback Limited |
| Phone number | +91 22 28599065 |
| Email ID | ho@controlprint.com |
| Website | https://controlprint.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
