Incorporated in 1991, Control Print (India) Limited is engaged in the business of manufacturing coding and marking equipment.
Control Print (India) manufactures coding and marking equipment. It also produces coding and marking-related consumables such as fluid ink, ink ribbons, and other essential supplies. The company has completed over 70,000 successful installations.
The company has 2 production facilities in Nalagarh, Himachal Pradesh, and Guwahati, Assam, India. The Nalagarh facility, spanning 30,000 square feet was established in 2008, and the Guwahati facility covers 65,000 square feet and commenced operations in 2015. The company has over 500 employees, including more than 300 factory-trained engineers.
In April 2020, the company launched ‘The Mask Lab’ which supplied International Quality Surgical Face Masks and N95/FFP2/IS 9473 Quality Masks. In July 2022, Control Print acquired 75% of Markprint BV, a Netherlands-based company, which helped the company to gain technical capabilities and also set foot in the European market. Control Print has invested in Track-and-Trace Solutions to combat counterfeiting and enhance transparency in the supply chain. Control Print has also partnered with V-Shapes S.r.l., a supplier of sustainable single-dose sachets and packaging machinery. This collaboration leverages Control Print’s expertise in coding and marking technology.
Control Print (India) has 11 branches all over India, and 4 International branches in Sri Lanka, Bangladesh, Nepal, and Oman.
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Control Print (India) Buyback 2023 Detail
| Issue Period | August 24, 2023 – August 30, 2023 |
| Security Name | Control Print (India) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 337,500.00 |
| Issue Size (Amount) | ₹27.00 Crores |
| Buyback Price | ₹800 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Control Print (India) Buyback 2023 Issue Timetable
| Last Date to buy shares | August 17, 2023 |
| Record Date | August 18, 2023 |
| Offer Opens On | August 24, 2023 |
| Last Date for receipt of Tender Forms | August 30, 2023 |
| Offer Closes On * | August 30, 2023 |
| Finalisation of Buyback Acceptance | September 5, 2023 |
| Last Date for settlment of bids | September 6, 2023 |
| Last Date for Extinguishment of Shares | September 15, 2023 |
* Last Date to Tender shares on Zerodha : August 29, 2023
Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 4 Equity Shares out of every 95 Fully paid-up Equity Shares held on the Record Date. | 50,625.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 53 Fully paid-up Equity Shares held on the Record Date. | 286,875.00 |
Company Financials
| Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 251.12 | 256.36 | 290.07 | 323.65 | 374.03 |
| Revenue | 175.43 | 196.06 | 204.21 | 258.49 | 308.15 |
| Profit After Tax | 29.75 | 26.34 | 29.05 | 40.10 | 52.85 |
| Net Worth | |||||
| Reserves and Surplus | |||||
| Total Borrowing |
Amount in ₹ Crore
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 673.35 | 619.65 | 650.05 |
| Jun-2023 | 656.15 | 610.25 | 638.47 |
| May-2023 | 635.20 | 568.90 | 598.40 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2023 | 674.00 | 619.45 | 650.30 |
| Jun-2023 | 656.70 | 609.90 | 638.95 |
| May-2023 | 635.35 | 569.55 | 598.75 |
Necessity of the Issue
The Buy Back is being proposed by the Company to fulfill the following objectives:
- The Buyback will help the company to improve financial ratios like EPS and ROE, by reducing the equity base of the company, and thereby enhancing the overall return to shareholders.
- The Buyback gives an option to the shareholders holding Equity Shares of the company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
- The Buyback, which is being implemented through the tender offer as prescribed under the Buyback Regulations, would involve a minimum reservation of 15% for Small Shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The company believes that this reservation for Small Shareholders would benefit a large number of public shareholders, who would get classified as Small Shareholders.
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Company Contact Information
Control Print (India) Limited
C-106, Hind Saurashtra Industrial Estate,
Andheri-Kurla Road,
Marol Naka, Andheri (East), Mumbai 400059
Phone: +91 22 28599065
Email: ho@controlprint.com
Website: https://controlprint.com/