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Nov 3, 2022 - Nov 17, 2022

S.P. Apparels Ltd Buyback (SP Apparels Buyback) Detail

Incorporated in 1989, S.P. Apparels Ltd is one of the leading manufacturers and exporters of knitted garments for infants and children in India. The company has two subsidiaries Crocodile Products Private Limited and S.P. Apparels (UK) (P) Limited. The company has integrated manufacturing facilities which provide end-to-end garment manufacturing from greige fabric to finished products.

SP Apparels Buyback Detail

Issue PeriodNov 3, 2022 - Nov 17, 2022
Security NameS.P. Apparels Ltd
Issue TypeTender Offer
Issue Size (Shares)600,000.00
Issue Size (Amount)₹35.10 Crores
Buyback Price₹585 per share
Face Value₹10 per share
Listing AtBSE, NSE

SP Apparels Buyback Issue Timetable

Offer Opens OnNov 3, 2022
Offer Closes OnNov 17, 2022
Record DateOct 7, 2022
Last Date for receipt of Tender FormsNov 17, 2022
Finalisation of Buyback AcceptanceNov 25, 2022
Last Date for settlment of bidsNov 28, 2022
Last Date for Extinguishment of SharesDec 5, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.

Company Financials

S.P. Apparels Ltd Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20832.6746.92523.22226.25
31-Mar-21653.6943.17558.38194.15
31-Mar-22868.9284.69637.77231.31
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 463.5 376.1 428.72
Jul-2022 414 359.4 377.24
Jun-2022 397.5 326 359.89

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 463.75 375.3 428.64
Jul-2022 414.9 360 377.4
Jun-2022 398 326.05 359.84

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.
  • SP Apparels Buyback Documents

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    Company Contact Information

    S.P. Apparels Ltd
    39 - A, Extention Street,
    Kaikattipudur Road, Avinashi,
    Tamil Nadu 641654

    Phone: (+91 ) 4296 304000
    Email: csoffice@s-p-apparels.com
    Website: http://www.s-p-apparels.com/index-home.html

    SP Apparels 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: spapparels.buyback@linkintime.co.in
      Website: https://linkintime.co.in/

    SP Apparels Buyback Manager

    Lead Manager(s)

    1. Motilal Oswal Investment Advisors Pvt Ltd

    Registered Broker

    1. Motilal Oswal Financia! Services Limited
      Email: kshanma@motilaloswal.com

    Find SP Apparels Buyback Latest Update

    SP Apparels Buyback FAQs

    The SP Apparels Buyback opens on Nov 3, 2022, and closes on Nov 17, 2022.

    The SP Apparels Buyback last day to buy is not available as of now.

    The SP Apparels Buyback is a Tender Offer.

    SP Apparels Buyback Schedule

    Buyback Opening DateNov 3, 2022
    Buyback Closing DateNov 17, 2022
    Last Date for receipt of Tender FormsNov 17, 2022
    Finalisation of Buyback AcceptanceNov 25, 2022
    Last Date for settlment of bidsNov 28, 2022
    Last Date for Extinguishment of SharesDec 5, 2022

    The SP Apparels Buyback is being offered at Rs ₹585 per share per equity share.

    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date.
    General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.

    You could sell SP Apparels Buyback on Oct 6, 2022 to remain eligible for buyback. The record date for SP Apparels Buyback buyback is Oct 7, 2022.

    The record date for the SP Apparels Buyback is Oct 7, 2022.

    The issue size of SP Apparels Buyback is of 600,000.00 equity shares at ₹585 per share aggregating upto ₹35.10 Crores.

    The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
  • The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.
  • 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 SP Apparels 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. k l patel   I Like It. |Report Abuse|  Link|Oct 3, 2022 3:53:34 PMReply
    acceptence ratio wil b 3% for retail according to jun 22 holding details
    2.1. Sunil   I Like It. 1|Report Abuse|  Link|Oct 19, 2022 7:01:51 PM
    Entitlement is 2/30 and 1/25. So ER is between 4 to 6 Issue opens on 3rd November and Closes on 17th November22
    2.2. DK   I Like It. |Report Abuse|  Link|Nov 16, 2022 10:34:20 AM
    I am holding 100 shared, how many of them are eligible for buy-back?
    1. Om.   I Like It. |Report Abuse|  Link|Sep 29, 2022 6:41:55 PMReply
    Hello KSRK sir
    What's you view on this buyback?