Indian Toners & Developers Buyback

Indian Toners & Developers Buyback Details

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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 OnMar 4, 2021
Offer Closes OnMar 18, 2021
Record DateJan 15, 2021
Last Date for receipt of Tender FormsMar 22, 2021
Finalization of Buyback AcceptanceMar 24, 2021
Last Date for settlement of bidsMar 25, 2021
Last Date for Extinguishment of SharesApr 8, 2021

Indian Toners & Developers Buyback Details

Security NameIndian Toners & Developers Limited
Issue TypeTender Offer
Issue Size (Shares)0.23 Crores
Issue Size (Amount)₹36.99 Crores
Buyback Price₹160 per share
Face Value₹10 per share
Listing AtBSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders111 Equity Shares out of every 632 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders111 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

Company Contact Information

Indian Toners & Developers Limited
10.5 KM Mile Stone,
Rampur – Bareilly Road,
Rampur, Uttar Pradesh, 244901

Phone: +011-45017000

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

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