Garware Technical Fibres Ltd Buyback (Garware Technical Buyback) Detail

Jan 19, 2021 - Feb 2, 2021

Incorporated in 1976, Garware Technical Fibres Limited is one of India's leading players in the technical textiles sector. The company is known for providing world-class innovative solutions in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics.

As of Jan 2021, Garware Technical four subsidiaries, one in Chile, one in the United States of America, and two in India. The Company has two manufacturing plants - one at Chinchwad and the other at Wai. Further, the Company has 4 (four) regional offices and 14 (fourteen) offices/depots in India to serve its customers. The company has a global presence with six overseas offices and customers in over 75 countries.

Garware Technical is the pioneer of synthetic cordage in India. The R&D Unit of the company is recognized by the Department of Science & Technology, Government of India. The company carries a strong credit rating of 'AA' indicating strong financial ability. The company has been awarded the Star Export House for many years.

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Garware Technical Buyback Detail

Issue PeriodJan 19, 2021 - Feb 2, 2021
Security NameGarware Technical Fibres Ltd
Issue TypeTender Offer
Issue Size (Shares)0.03 Crores
Issue Size (Amount)₹73.00 Crores
Buyback Price₹2300 per share
Face Value₹10 per share
Listing AtBSE, NSE

Garware Technical Buyback Issue Timetable

Offer Opens OnJan 19, 2021
Offer Closes OnFeb 2, 2021
Record DateDec 11, 2020
Last Date for receipt of Tender FormsFeb 4, 2021
Finalisation of Buyback AcceptanceFeb 10, 2021
Last Date for settlment of bidsFeb 11, 2021
Last Date for Extinguishment of SharesFeb 18, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 305 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Revenue 9,852.74 10,389.01 9,034.25
Profit After Tax 140.51 1,256.80 1,051.73
Reserves and Surplus 7,172.40 6,284.64 5,184.77

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Nov-2020 2298 1814 2055
Oct-2020 2250 1837 2032
Sep-2020 2204 1737 1960

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Nov-2020 2300 1812 2063
Oct-2020 2250 1835 2032
Sep-2020 2205 1751 1961

Necessity of the Issue

The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.

Garware Technical Buyback Documents

Garware Technical Buyback Rating

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Company Contact Information

Garware Technical Fibres Ltd
Plot No. 11, Block D-1,
MIDC, Chinchwad, Pune – 41


Phone: +91 020 2799 0224
Email: secretarial@garwarefibres.com
Website: https://www.garwarefibres.com/

Garware Technical Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: gtfl.buyback@linkintime.co.in
    Website: http://www.linkintime.co.in

Garware Technical Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: gtfl.buyback@ambit.co.in

Garware Technical Buyback FAQs

  1. When is Garware Technical Buyback offer coming?

    The Garware Technical Buyback opens on Jan 19, 2021, and closes on Feb 2, 2021.

  2. Which type of buyback is Garware Technical Buyback offer?

    The Garware Technical Buyback is a Tender Offer.

  3. What is the schedule of activities for Garware Technical Buyback?

    Garware Technical Buyback Schedule

    Buyback Opening DateJan 19, 2021
    Buyback Closing DateFeb 2, 2021
    Last Date for receipt of Tender FormsFeb 4, 2021
    Finalisation of Buyback AcceptanceFeb 10, 2021
    Last Date for settlment of bidsFeb 11, 2021
    Last Date for Extinguishment of SharesFeb 18, 2021
  4. What is the offer price for Garware Technical Buyback offer?

    The Garware Technical Buyback is being offered at Rs ₹2300 per share per equity share.

  5. In what ratio is the Garware Technical Buyback offered?

    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders 5 Equity Shares out of every 38 Equity Shares held on the Record Date.
    General Category for all other Eligible Shareholders 4 Equity Shares out of every 305 Equity Shares held on the Record Date.
  6. What is the record date for Garware Technical Buyback offer?

    The record date for the Garware Technical Buyback is Dec 11, 2020.

  7. What is the issue size of Garware Technical Buyback?

    The issue size of Garware Technical Buyback is of 0.03 Crores equity shares at ₹2300 per share aggregating upto ₹73.00 Crores.

  8. What is the necessity for Garware Technical Buyback?

    The Buyback is being undertaken by the company to return the surplus cash to the shareholders in an effective and efficient manner.


2 Comments

Amit Pathak
2. Amit Pathak  Jan 27, 2021 15:22 I Like It. | Report Abuse Reply 0
Add upcoming buyback like nalco gail
P Patel
1. P Patel  Jan 27, 2021 13:57 I Like It. | Report Abuse Reply 0
Good to have separate page for BuyBack...


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