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Incorporated in 1993, Weizmann Forex is part of Weizmann Group. The company has diversified business in foreign exchange and remittance market. Key services from the company include Pre-paid travel cards, traveler's cheques, foreign currency demand draft (DD), Telegraphic Transfer (TT), Westen Union In-bound and domestic Money Transfer, Travel Insurance and Toure and Holiday Packages. The company has a pan-India network over 300 locations.
Other businesses of Weizmann Group include - Weizmann Ltd - Textile processing and export, Non-Banking Finance Activities, Wind and Small Hydro Energy Projects, Operation and maintenance of Wind Electric Generators.
June 5, 2018 - Weizmann Forex Ltd Board has approved a proposal for buyback of up to 4.36 lakh equity shares at Rs 702 per share, aggregating Rs 30.64 Cr which is approx 3.77% of the total paid-up equity share capital of the company.
Below is the complete details about Weizmann Forex LTD Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 34.64 Cr |
| Buyback Number of Shares: | 4.36 lakhs |
| Buyback Price: | Rs 702 |
| Buyback Offer Size (In %): | 3.77% |
| Total Share Capital: | 588.28 |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Weizmann Forex LTD buyback offer? No
In this section we have covered all important dates related to Weizmann Forex 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 Jun 2018 |
| Buyback Approval date | 3rd Aug 2018 |
| Public Announcement of Buyback | 7th Aug 2018 |
| Record Date | 16th Aug 2018 |
| Buyback opens on/Buyback Opening Date | 3rd Oct 2018 |
| Buyback closes on/Buyback Closing Date | 16th Oct 2018 |
| Cut-off date to receive completed tender forms by Registrar | 19th Oct 2018 |
| Cut-off date for verification by the Registrar | 23rd Oct 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
23rd Oct 2018 |
| Last date of settlement of bids on the stock exchange | 25th Oct 2018 |
| Last date to return unaccepted shares by Registrar | 26th Oct 2018 |
| Last date of extinguishment of Equity Shares | 2nd Nov 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Weizmann Forex 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 | 74.77% |
| Non-Promoter-Institutions | 0.67% |
| Non-Promoter-Non-Institutions | 25.23% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 70527 Equity Share out of every 750190 fully paid-up Equity Share held on the Record Date. | 9.40% |
| General Category | 365940 Equity Share out of every 10814167 fully paid-up Equity Share held on the Record Date. | 6.44% |
For Weizmann Forex LTD Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1652.49%, No. of Equity Shares reserved in Buyback was 365940 where valid bid received for retail category was 6047114 which is 1652.49% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 93.75%, No. of Equity Shares reserved in Buyback was 70527 where valid bid received for retail category was 66122 which is 93.75%. Final Acceptance Ratio for Retail Investors was 100%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Weizmann Forex 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 Weizmann Forex LTD? How can I apply in Weizmann Forex LTD Buyback offer?Last Updated on 2018-11-01T01:25:39+00:00
