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May 9, 2022 - May 23, 2022

Filatex India Limited Buyback (Filatex India Buyback) Detail

Filatex India Limited is a manufacturer of Polyester Filament Yarn and offers products like Monofilament Yarns for Zippers, Tooth Brush Bristles, Narrow Woven Fabrics, Polypropylene Yarn, and Forming Fabrics in India. The company built its 6000 Tons Per Annum plant in Dadra & Nagar haveli in 1996 for manufacturing polyester multifilament yarns and a plant with a capacity of 600 tonnes per day, as well as a 260 tonne per day POY, was set up in Dahej in 2012. The company has two regional offices in Maharashtra and Gujarat.

Filatex India Buyback Detail

Issue PeriodMay 9, 2022 - May 23, 2022
Security NameFilatex India Limited
Issue TypeTender Offer
Issue Size (Shares)0.43 Crores
Issue Size (Amount)₹59.50 Crores
Buyback Price₹140 per share
Face Value₹2 per share
Listing AtBSE, NSE

Filatex India Buyback Issue Timetable

Offer Opens OnMay 9, 2022
Offer Closes OnMay 23, 2022
Record DateApr 8, 2022
Last Date for receipt of Tender FormsMay 23, 2022
Finalisation of Buyback AcceptanceMay 27, 2022
Last Date for settlment of bidsJun 1, 2022
Last Date for Extinguishment of SharesJun 8, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,23,660.74 2,79,448.95 2,88,588.53
Profit After Tax 16,583.32 12,147.04 8,484.60
Net Worth 68,976.87 52,272.04 39,934.67
Reserves and Surplus 64,560.51 47,878.34 35,584.67

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.8 101.15 119.89
Jan-2022 142.3 96.5 118.36
Dec-2021 103.9 72.5 90.82

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 129.35 101 120.46
Jan-2022 142.8 96.55 120.76
Dec-2021 104 72.35 91.36

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Filatex India Buyback Documents

Filatex India Buyback Rating

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Company Contact Information

Filatex India Limited
Survey No.274, Demni Road,
Dadra-396191
U.T. of Dadra and Nagar Haveli and Daman and Diu

Phone: +91-260-2668343, 266
Email: fildadra@filatex.com
Website: https://www.filatex.com/

Filatex India Buyback Registrar

  1. MCS Share Transfer Agent Limited
       F-65 1st Floor,
       Okhla Industrial Area,
       New Delhi - 110020

    Phone: (+91 11) 4140 6149
    Email: admin@mcsregistrars.com
    Website: http://www.mcsregistrars.com/

Filatex India Buyback Manager

Lead Manager(s)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. SMC Global Securities Limited
    Email: nishant.ag@smcindiaonline.com

Find Filatex India Buyback Latest Update


1 Comments

1. KAMMA SIVA RAMA KRISHNA   I Like It. | Report Abuse |   Link | Mar 31, 2022 11:40:53 AM Reply
Filatex India share Buyback particulars:

Record Date: 8/4/2022
Buyback Price : Rs. 140/-
Mode of the buyback: Tender Offer
CMP: Around Rs. 126.50
Buyback Size: Rs. 59.5 Crores
1.1. rahulagg   I Like It. | Report Abuse |   Link | Mar 31, 2022 12:22:53 PM
@KAMMA SIVA RAMA KRISHNA sir, @Lokes sir
Please tell should we apply for GAIL buyback, what could be expected AR and ER in GAIL? What price should we buy for GAIL?
1.2. KAMMA SIVA RAMA KRISHNA   I Like It. 1 | Report Abuse |   Link | Mar 31, 2022 2:41:12 PM
Today I have purchased 1000 shares @ Rs.155.20.