Jun 22, 2021 - Jul 5, 2021

Welspun India Limited Buyback (Welspun India Buyback) Detail

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 Detail

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 Issue 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 price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

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

Welspun India Buyback Manager

Lead Manager(s)

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

Registered Broker

  1. DAM Capital Advisors Limited

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Last day to tender shares....