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Jan 13, 2022 - Jan 27, 2022

Weizmann Limited Buyback (Weizmann Buyback) Detail

Incorporated in 1985, Weizmann Limited is currently engaged in the business of Textile Processing. The company has a composite Textile Processing and Manufacturing Facility on 15,175 sq. mt. land at Vatva Road, Narol, Ahmedabad with an installed capacity to manufacture 24 million meters per annum. Weizmann Limited primarily focuses on the African market and the company has been exporting to the African continent for the last 25 years. The product range for Africa includes Cotton Voiles, Pracale and African Prints.

The Company has invested in R&D and has successfully developed technology to emboss textiles after the printing process as well as create a unique tie and dye effect in its products for export. The company also has a strong focus on the quality control process and has been recognized by the Government of India as a "One Star Export House" under the EXIM Policy.

Weizmann Buyback Detail

Issue PeriodJan 13, 2022 - Jan 27, 2022
Security NameWeizmann Limited
Issue TypeTender Offer
Issue Size (Shares)0.14 Crores
Issue Size (Amount)₹8.48 Crores
Buyback Price₹60 per share
Face Value₹10 per share
Listing AtBSE, NSE

Weizmann Buyback Issue Timetable

Offer Opens OnJan 13, 2022
Offer Closes OnJan 27, 2022
Record DateDec 10, 2021
Last Date for receipt of Tender FormsJan 27, 2022
Finalisation of Buyback AcceptanceFeb 4, 2022
Last Date for settlment of bidsFeb 7, 2022
Last Date for Extinguishment of SharesFeb 14, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 35 Equity Shares out of every 284 shares held on the record date.
General Category for all other Eligible Shareholders 43 Equity Shares out of every 557 shares held on the record date.

Company Financials

Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 464.21 982.82 964.82 1,066.67
Profit After Tax -0.89 49.22 43.20 85.69

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 55.7 50.5 52.86
Oct-2021 65 45.75 54.26
Sep-2021 51.65 46 47.95

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 55.5 50.6 52.9
Oct-2021 64.4 46.1 54.1
Sep-2021 50.85 45.4 47.89

Necessity of the Issue

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

Weizmann Buyback Documents

Weizmann Buyback Rating

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Company Contact Information

Weizmann Limited
Empire House, 214 Dr.D N Road,
Ent A K Nayak Marg, Fort,
Mumbai - 400 001. India.

Phone: (022) 2207 1501
Email: investorsgrievance@weizmann.co.in
Website: http://www.weizmann.co.in/index.html

Weizmann Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: buybackoffer@bigshareonline.com
    Website: http://www.bigshareonline.com

Weizmann Buyback Manager

Lead Manager(s)

  1. Keynote Financial Services Ltd

Registered Broker

  1. Keynote Capitals Limited
    Email: alpesh@keynoteindia.net

Find Weizmann Buyback Latest Update

Weizmann Buyback FAQs

The Weizmann Buyback opens on Jan 13, 2022, and closes on Jan 27, 2022.

The Weizmann Buyback is a Tender Offer.

Weizmann Buyback Schedule

Buyback Opening DateJan 13, 2022
Buyback Closing DateJan 27, 2022
Last Date for receipt of Tender FormsJan 27, 2022
Finalisation of Buyback AcceptanceFeb 4, 2022
Last Date for settlment of bidsFeb 7, 2022
Last Date for Extinguishment of SharesFeb 14, 2022

The Weizmann Buyback is being offered at Rs ₹60 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 35 Equity Shares out of every 284 shares held on the record date.
General Category for all other Eligible Shareholders 43 Equity Shares out of every 557 shares held on the record date.

The record date for the Weizmann Buyback is Dec 10, 2021.

The issue size of Weizmann Buyback is of 0.14 Crores equity shares at ₹60 per share aggregating upto ₹8.48 Crores.

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

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 Weizmann 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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA  Dec 3, 2021 7:13:44 PM I Like It. 2 | Report Abuse Reply
Size of the buyback. 14,12,515
Buyback price. Rs. 60
CMP. Rs. 54
Mode of Buyback. Through Tender Offer
Record Date. 10/12/2021
Personal View. If available @ Rs. 50 or Rs. 51 one may try with a thousand shares.
Thank you.
1.3. lokes  Dec 10, 2021 8:08:25 PM I Like It. | Report Abuse
sorry, you mentioned about cheviot buyback in moil page, not for this one, i misunderstood.
1.4. KAMMA SIVA RAMA KRISHNA  Dec 10, 2021 9:15:50 PM I Like It. 1 | Report Abuse
Lokes ji,
I missed the bus due to underestimating the value of the company. No problem. Sometimes it happens.