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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)4,250,000.00
Issue Size (Amount)₹59.50 Crores
Buyback Price₹140 per share
Face Value₹2 per share
Listing AtBSE, NSE

Filatex India Buyback Issue Timetable

Record DateApr 8, 2022
Offer Opens OnMay 9, 2022
Last Date for receipt of Tender FormsMay 23, 2022
Offer Closes OnMay 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

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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

Filatex India Buyback FAQs

The Filatex India Buyback opens on May 9, 2022, and closes on May 23, 2022.

The Filatex India Buyback last day to buy is not available as of now.

The Filatex India Buyback is a Tender Offer.

Filatex India Buyback Schedule

Buyback Opening DateMay 9, 2022
Buyback Closing DateMay 23, 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

The Filatex India Buyback is being offered at Rs ₹140 per share per equity share.

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.

You could sell Filatex India Buyback on Apr 7, 2022 to remain eligible for buyback. The record date for Filatex India Buyback buyback is Apr 8, 2022.

The record date for the Filatex India Buyback is Apr 8, 2022.

The issue size of Filatex India Buyback is of 4,250,000.00 equity shares at ₹140 per share aggregating upto ₹59.50 Crores.

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.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Filatex India Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


2 Comments

2. KAMMA SIVA RAMA KRISHNA     Link|May 28, 2022 10:42:08 PM
I am interested to know the AR in Retail Category please ? Can anyone may please help me? Thank you in anticipation of the prompt response.
2.1. S B RAJPUT     Link|May 30, 2022 11:04:07 PM
80 percentage
2.2. KAMMA SIVA RAMA KRISHNA     Link|May 31, 2022 12:23:55 PM
Sir,
Thank you very much for your kind consideration to help me to know. All the best.
1. KAMMA SIVA RAMA KRISHNA     Link|Mar 31, 2022 12:40:53 PM
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     Link|Mar 31, 2022 1:22:53 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|  Link|Mar 31, 2022 3:41:12 PM
Today I have purchased 1000 shares @ Rs.155.20.