Tender Offer | ₹278.43 Crores | Listed at BSE, NSE | Fri, Aug 9, 2024 - Fri, Aug 16, 2024
Welspun Living Ltd. Buyback is a tender offer for the repurchase of up to 1.27 crore equity shares, representing 1.30% of the total paid-up equity share capital at a buyback price of ₹220 per share with a face value of ₹1 per share, aggregating to ₹278.43 crores.
The record date for determining eligible shareholders is Aug 5, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Aug 9, 2024 and closes on Aug 16, 2024, with the last date for receipt of tender forms being Aug 16, 2024.
The finalisation of buyback acceptance is expected on Aug 22, 2024, followed by settlement of bids on Aug 23, 2024.
Dam Capital Advisors Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and DAM Capital Advisors Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Welspun Living Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Aug 9, 2024
Offer Closing Date
Fri, Aug 16, 2024
Buyback Price
₹220 per share
Record Date
August 5, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 3 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 1,898,396.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 88 Fully paid-up Equity Shares held on the Record Date. | 10,757,574.00 |
Welspun Living Limited's revenue increased by 19.6% and profit after tax (PAT) rose by 232.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,650.08 | 9,436.85 | |
| Revenue | 9,825.07 | 8,215.10 | 9,377.31 |
| Profit After Tax | 672.74 | 202.51 | 606.71 |
| Reserves and Surplus | 3,974.85 | 3,862.03 | |
| Amount in ₹ Crore | |||
Welspun Living Limited provides flooring solutions, modern textiles, e-commerce, hospitality, and wellness products.
The company's business verticals include:
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 191.20 | 149.60 | 169.34 |
| Jun-2024 | 155.95 | 122.60 | 142.13 |
| May-2024 | 153.00 | 135.50 | 142.96 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 191.00 | 149.32 | 169.33 |
| Jun-2024 | 156.00 | 122.65 | 142.12 |
| May-2024 | 152.90 | 135.40 | 142.91 |
The Buyback is being undertaken for the following reasons:
Welspun Living Ltd.
Welspun City, Village Virsamedi,
Taluka Anjar,
District Kutch - 370110
Anjar, Gujarat
Lead Manager(s)
Registered Broker
The Welspun Living Buyback 2024 opens on August 9, 2024, and closes on August 16, 2024.
Last date to be eligible to participate in buyback is August 2, 2024.
The Welspun Living Buyback 2024 is a Tender Offer.
Welspun Living Buyback 2024 Schedule
| Buyback Opening Date | August 9, 2024 |
| Buyback Closing Date | August 16, 2024 |
| Last Date for receipt of Tender Forms | August 16, 2024 |
| Finalisation of Buyback Acceptance | August 22, 2024 |
| Last Date for settlment of bids | August 23, 2024 |
| Last Date for Extinguishment of Shares | September 3, 2024 |
The Welspun Living Buyback 2024 is being offered at Rs ₹220 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 3 Equity Shares out of every 44 Fully paid-up Equity Shares held on the Record Date. | 1,898,396.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 88 Fully paid-up Equity Shares held on the Record Date. | 10,757,574.00 |
The issue size of Welspun Living Buyback 2024 is 1,26,55,970 equity shares at ₹220 per share aggregating up to ₹278.43 Crores.
The Buyback is being undertaken for the following reasons:
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 Welspun Living Buyback 2024 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.
