The Tips Industries Limited date has been confirmed from April 26, 2024 – May 3, 2024.
Established in 1975, Tips Industries Limited is a prominent entertainment company in India. It specializes in creating, promoting, and distributing music and films. Tips Industries’s manufacturing facility and distribution system ensure efficient production and delivery. The factories have advanced digital mastering facilities and operate on a just-in-time inventory management system. Additionally, the company utilizes its in-house logistics facilities to supply over 150,000 cassettes daily to the Indian market. Tips Industries has expanded its reach globally, with offices in the USA, Dubai, and the UK.
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Key Details Of Tips Industries Limited
Bidding Dates
April 26-May 3
Buyback Price
₹625 per share
Face Value
₹1 per share
Offer Closes On
May 3, 2024
Tips Industries Limited IPO Buyback Price
The Tips Industries Limited Buyback Price is ₹625 per share.
IPO Overview
The company sold gramophone records, audio cassettes, blank cassettes, and replicated CDs. They have over 3500 titles and copyrights of various Hindi films. Among them, at least ten have sold 10 million copies, more than 15 have sold over 5 million copies, and around 20 have sold approximately one million copies. The company also owns the soundtrack copyrights for at least 50 Hindi films.
In the bustling wholesale market of Lamington Road, the heart of Bombay’s music industry, two brothers, Mr Kumar S. Taurani and Mr Ramesh S. Taurani, had a grand vision. It all began in a small shop where they dreamed of creating a golden opportunity called Tips.
Tips Industries Limited Buyback Detail
| Issue Period | April 26, 2024 – May 3, 2024 |
| Security Name | Tips Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 595,000 (0.46 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹37.19 Crores |
| Buyback Price | ₹625 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Tips Industries Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 227.66 | 192.70 | 146.78 | 150.10 |
| Revenue | 187.39 | 192.14 | 138.80 | 95.42 |
| Profit After Tax | 101.40 | 76.52 | 64.56 | 43.46 |
| Net Worth | 192.41 | 135.96 | 102.16 | 100.91 |
| Amount in ₹ Crore | ||||
Tips Industries Limited Buyback Issue Timetable
| Last Date to buy shares | April 19, 2024 |
| Record Date | April 22, 2024 |
| Offer Opens On | April 26, 2024 |
| Last Date for receipt of Tender Forms | May 3, 2024 |
| Offer Closes On * | May 3, 2024 |
| Finalisation of Buyback Acceptance | May 10, 2024 |
| Last Date for settlment of bids | May 10, 2024 |
| Last Date for Extinguishment of Shares | May 23, 2024 |
Company Profile
In 1975, the Taurani brothers traded in LPs for big companies like HMV, Music India, and CBS. By 1977, they were the top dealers for these companies in Western India. Motivated by their success, they decided to start their record label. After careful planning and hard work, ‘Tips’ was born. It has grown into a significant player in the music and film industry. Buyback is being undertaken, inter-alia, for the following reasons:
- The Buyback will assist the Company in giving back extra money to its shareholders who own Equity Shares in a way
that aligns with their ownership, thus improving the overall return to shareholders.
- The Buyback will be carried out through the tender offer method as stated in the SEBI Buyback Regulations. It will involve allocating either the entitled number of Equity Shares or 15% of the total number of Equity Shares to be repurchased, whichever is greater, for the small shareholders. The Company believes that this reservation will be advantageous for a significant number of public shareholders who fall under the category of “small shareholders” as defined in Regulation 2(i)(n) of the SEBI Buyback Regulations.
- By reducing the equity base, the Buyback can enhance earnings per share and return on equity. This will ultimately result in a long-term increase in shareholders’ value.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Tips Industries Limited |
| Phone number | +91 22 6643 1188 |
| Email ID | [email protected] |
| Website | tips.in |
IPO Strengths
- 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.
Tips Industries Limited IPO FAQs
Which is the last day to buy Tips Industries Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is April 19, 2024.
What is the offer price for Tips Industries Buyback 2024 offer?
The Tips Industries Buyback 2024 is being offered at Rs ₹625 per share per equity share.
What is the record date for Tips Industries Buyback 2024 offer?
The record date for the Tips Industries Buyback 2024 is April 22, 2024.
What is the issue size of Tips Industries Buyback 2024?
The issue size of Tips Industries Buyback 2024 is of 595,000 equity shares at ₹625 per share aggregating upto ₹37.19 Crores.
