Indian Toners & Developers Buyback Issue is open for subscription from 04 March 2021. the company aims for an issue size of ₹36.99 Crores through this Buyback Issue.
Indian Toners & Developers Limited
Incorporated in 1990, Indian Toners & Developers Limited (ITDL) is India’s largest manufacturer and exporter of compatible toners that are used in laser printers, the new age digital machines, multi-function printers, analog copiers as well as wide-format printers and copiers. Indian Toners & Developers Ltd. also offers premium quality color toners for use in laser printers.
ITDL has two production units – One at Rampur and the other at Sitarganj. The company has a manufacturing capacity to produce 3600 metric tons of toners per annum and a dedicated production line for R&D. ITDL has a widespread distribution network with around 120 distributors spread across the country. The company exports toners to more than 20+ countries and has become one of the leading toner manufacturers and toner suppliers of South East Asia.
Objectives of the Issue
- Improve financial ratios like earnings per share and return on equity, by reducing the equity base of the company.
- Distribute surplus cash to the Equity shareholders.
Indian Toners & Developers Buyback Issue Timetable
| Offer Opens On | Mar 4, 2021 |
| Offer Closes On | Mar 18, 2021 |
| Record Date | Jan 15, 2021 |
| Last Date for receipt of Tender Forms | Mar 22, 2021 |
| Finalization of Buyback Acceptance | Mar 24, 2021 |
| Last Date for settlement of bids | Mar 25, 2021 |
| Last Date for Extinguishment of Shares | Apr 8, 2021 |
Indian Toners & Developers Buyback Details
| Security Name | Indian Toners & Developers Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.23 Crores |
| Issue Size (Amount) | ₹36.99 Crores |
| Buyback Price | ₹160 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date. |
Indian Toners & Developers Buyback Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: (011) 4254 1234
Email: rta@alankit.com
Website: https://www.alankit.com/
Company Contact Information
Indian Toners & Developers Limited
10.5 KM Mile Stone,
Rampur – Bareilly Road,
Rampur, Uttar Pradesh, 244901
Phone: +011-45017000
Email: investors@indiantoners.com
Website: https://www.indiantoners.com/in/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing