TTK Prestige is a renowned Indian company specializing in the manufacturing of kitchen appliances and cookware. Established in 1955, the company has grown to become a household name, synonymous with innovation and quality. TTK Prestige offers a wide range of products, including pressure cookers, cookware, gas stoves, induction cooktops, and small kitchen appliances. With a strong focus on customer satisfaction, the company continually enhances its product line to meet modern kitchen needs. TTK Prestige emphasizes safety, durability, and efficiency in its designs, earning the trust of millions of customers. Its extensive distribution network ensures easy accessibility to its products across India and in international markets. Committed to excellence, TTK Prestige remains a leader in the kitchen appliance industry, driven by a legacy of trust and innovation.
Buy Back opportunity
The company has approved the proposal for the buyback of Equity Shares at a price of Rs. 1200/- per equity share up to an aggregate amount not exceeding Rs. 2 bn from the shareholders of the Company on a proportionate basis through a tender offer.
| CMP (Rs) |
955 |
| Buy Back Price (Rs) |
1200 |
| Acceptance Ratio* |
3.0% |
Buy Back Details
| Total no. of share to be bought |
1,666,667 |
| Total no of equity share |
138614020 |
| Buyback % of total equity share |
1.20% |
| Reserved for Retail* quota (15%) |
2,50,000 |
| Max share retail investor can buy^ |
166 |
| Record date |
14th August 2024 |
Company Info
| BB Code |
TTKPT IN EQUITY |
| ISIN |
INE690A01028 |
| 52 WKH(Rs.) |
1021 |
| 52 WKL(Rs |
647 |
| Market Cap {INR Bn) |
134.58 |
Shareholding Pattern (%)
|
Jun-24 |
Mar-24 |
Dec-23 |
| Promoters |
70.4 |
70.4 |
70.4 |
| FII's |
7.4 |
6.8 |
6.7 |
| DII's |
14.1 |
14.7 |
14.6 |
| Public |
8.1 |
8.1 |
8.2 |
Acceptance and Profit & Loss Scenario
| No. of Shares to Buy* |
Total investment @ Rs.955 |
Acceptance Ratio(%) |
Buyback no shares |
Value of accepated share via buy Buyback price share value at Rs.1200 |
Left over Shares |
Profit/loss scenario post Buyback if client
sell remaining share |
| At Rs.918 |
At Rs.1020 |
At Rs.1134 |
At Rs.1260 |
| 166 |
1,58,530 |
5 |
8.0 |
9,600 |
158 |
-2.45% |
7.71% |
19.08% |
31.63% |
| 166 |
1,58,530 |
10 |
16.0 |
19,200 |
150 |
-1.03% |
8.62% |
19.41% |
31.33% |
| 166 |
1,58,530 |
15 |
24.0 |
28,800 |
142 |
0.39% |
9.53% |
19.74% |
31.03% |
| 166 |
1,58,530 |
20 |
33.0 |
39,600 |
133 |
2.00% |
10.55% |
20.12% |
| 30.69% |
| 166 |
1,58,530 |
30 |
49.0 |
58,800 |
117 |
4.84% |
12.37% |
20.78% |
30.08 |
| 166 |
1,58,530 |
40 |
66.0 |
79,200 |
100 |
7.87 |
14.30% |
21.49% |
29.44% |
| 166 |
1,58,530 |
50 |
83.0 |
99,600 |
83 |
10.89% |
16.23% |
22.20% |
28.80% |
Source: Company, CEBPL
Note:
*Actual acceptance ratio may vary,
^Assume stock price reached Rs.1005 on ex-date,
#round down to nearest integer
* Retail shareholders holding less than Rs 2 Lac shares as on “Record Date”
* Please note acceptance Ratio is Dynamic in Nature can be change on Record date
