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Incorporated in 1983, Orbit Exports Ltd (BSE Code:512626;NSE:ORBTEXP) is exporters of novelty fabrics. The Orbit Exports operates across multiple verticals, from women's apparel to Christmas crafts and home decor, with further interests in occasion specific fabrics and finished products.The Company operations are in the USA, Latin America, Africa, Europe and the Far East.
Jan 3,2018 - Orbit Exports Ltd Board is going to consider a share buyback in board meeting which is planned on Friday Jan 05,2018.
Jan 05,2018 - Orbit Exports Ltd Board has approved a proposal for buyback of up to 4.44 lakhs shares at Rs 180 per share, aggregating Rs 7.99 Cr, which is 6.70% of the paid-up equity share capital and free reserves.
Below is the complete details about Orbit Exports Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 7.99 Cr |
| Buyback Number of Shares: | 4.44 lakhs |
| Buyback Price: | Rs 180 |
| Buyback Offer Size (In %): | 6.70% |
| Total Share Capital: | Rs 512.05 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Orbit Exports Ltd buyback offer? No
YIn this section we have covered all important dates related to Orbit Exports Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 5th Jan 2018 |
| Buyback Approval date | 5th Jan 2018 |
| Public Announcement of Buyback | 5th Jan 2018 |
| Record Date | 19th Jan 2018 |
| Buyback opens on/Buyback Opening Date | 9th Feb 2018 |
| Buyback closes on/Buyback Closing Date | 26th Feb 2018 |
| Cut-off date to receive completed tender forms by Registrar | |
| Cut-off date for verification by the Registrar | 28th Feb 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
7th Mar 2018 |
| Last date of settlement of bids on the stock exchange | 8th Mar 2018 |
| Last date to return unaccepted shares by Registrar | 8th Mar 2018 |
| Last date of extinguishment of Equity Shares | 15th Mar 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Orbit Exports Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 61.73% |
| Non-Promoter-Institutions | 1.10% |
| Non-Promoter-Non-Institutions | 37.15% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 1 Equity Share out of every 30 fully paid-up Equity Share held on the Record Date. | 3.33% |
| General Category | 53 Equity Share out of every 3747 fully paid-up Equity Share held on the Record Date. | 1.41% |
For Orbit Exports Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 192.67%, No. of Equity Shares reserved in Buyback was 377777 where valid bid received for retail category was 727881 which is 192.67% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 331.34%, No. of Equity Shares reserved in Buyback was 66667 where valid bid received for retail category was 220894 which is 331.34%. Final Acceptance Ratio for Retail Investors was 3.33%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 985.20 (6.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Orbit Exports Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Orbit Exports Ltd? How can I apply in Orbit Exports Ltd Buyback offer?Last Updated on 2018-10-25T03:54:54+00:00
