Welspun India Limited Buyback (Welspun India Buyback) Detail

Jun 22, 2021 - Jul 5, 2021

Welspun India Limited is engaged in the business of manufacturing home textiles . The company products include Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced Textiles, and Flooring solutions. The company is also planning to expand into e-commerce, hospitality, and wellness.
Welspun India has its manufacturing facilities in India with over 26,000 home textile manufacturers that supply products to the domestic markets and exporting to global retailers. The company also has a global presence in over 50 countries.

Welspun India Buyback Details

Issue PeriodJun 22, 2021 - Jul 5, 2021
Security NameWelspun India Limited
Issue TypeTender Offer
Issue Size (Shares)1.67 Crores
Issue Size (Amount)₹200.00 Crores
Buyback Price₹120 per share
Face Value₹1 per share
Listing AtBSE, NSE

Welspun India Buyback Date (Timetable)

Offer Opens OnJun 22, 2021
Offer Closes OnJul 5, 2021
Record DateMay 26, 2021
Last Date for receipt of Tender FormsJul 7, 2021
Finalisation of Buyback AcceptanceJul 13, 2021
Last Date for settlment of bidsJul 14, 2021
Last Date for Extinguishment of SharesJul 21, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Shares out of every 69 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 Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 60,395.66 53,667.09 54,783.04
Profit After Tax 5,266.70 4,748.92 1,417.65
Net Worth 31,433.21 26,117.12 22,942.79

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Apr-2021 87.9 75.55 80.3
Mar-2021 87.6 67.35 77.5
Feb-2021 74.9 65.7 68.6

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Apr-2021 87.5 75.55 80.4
Mar-2021 87.6 67.4 77.6
Feb-2021 75 65.4 68.6

Necessity of the Issue

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Welspun India Buyback Documents

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Company Contact Information

Welspun India Limited
Welspun House,
6th Floor, Kamala City, Senapati Bapat Marg,
Lower Parel (West), Mumbai- 400 013

Phone: +91 22 6613 6000
Email: companysecretary_wil@welspun.com
Website: https://www.welspunindia.com/

Welspun India 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: welspun.buyback2021@linkintime.co.in
    Website: http://www.linkintime.co.in

Welspun India Buyback Manager

Lead Manager(s)

  1. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)

Registered Broker

  1. DAM Capital Advisors Limited
    Email: rajesh@damcapital.in

Find Welspun India Buyback Latest Update

Welspun India Buyback FAQs

  1. When is Welspun India Buyback offer coming?

    The Welspun India Buyback opens on Jun 22, 2021, and closes on Jul 5, 2021.

  2. Which type of buyback is Welspun India Buyback offer?

    The Welspun India Buyback is a Tender Offer.

  3. What is the schedule of activities for Welspun India Buyback?

    Welspun India Buyback Schedule

    Buyback Opening DateJun 22, 2021
    Buyback Closing DateJul 5, 2021
    Last Date for receipt of Tender FormsJul 7, 2021
    Finalisation of Buyback AcceptanceJul 13, 2021
    Last Date for settlment of bidsJul 14, 2021
    Last Date for Extinguishment of SharesJul 21, 2021
  4. What is the offer price for Welspun India Buyback offer?

    The Welspun India Buyback is being offered at Rs ₹120 per share per equity share.

  5. In what ratio is the Welspun India Buyback offered?

    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date.
    General Category for all other Eligible Shareholders 1 Equity Shares out of every 69 fully paid-up Equity Shares held on the Record Date.
  6. What is the record date for Welspun India Buyback offer?

    The record date for the Welspun India Buyback is May 26, 2021.

  7. What is the issue size of Welspun India Buyback?

    The issue size of Welspun India Buyback is of 1.67 Crores equity shares at ₹120 per share aggregating upto ₹200.00 Crores.

  8. What is the necessity for Welspun India Buyback?

    The Buyback aims to :
    i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
    ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

  9. Where can I get the Letter of Offer for Welspun India Buyback?

  10. How to participate in Welspun India Buyback?

    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.

  11. Is Welspun India Buyback good or bad?

    The Welspun 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.


1 Comments

Sarthak Deshmukh
1. Sarthak Deshmukh  Jul 5, 2021 00:00 I Like It. | Report Abuse Reply
Last day to tender shares....








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