Garware Technical Fibres Limited Buyback Review

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Incorporated in the year 1976, Garware Technical Fibres is one of the leading players of India in the technical textile sector. Currently, the company has footprints in 75+ countries where it provides world-class innovative solutions in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics.

Garware Technical Fibres Ltd is coming up with a buyback worth Rs 72.99 Cr. The size of the buyback is 3.17 Lakh shares which represent 1.45% of the total paid-up capital. The buyback price is set to Rs 2300 per share, which is 5.43% higher than the date of the announcement. Garware Technical Fibres Ltd buyback record date is 11th December 2020.

What is Garware Technical Fibres Limited Buyback details?

Below is the complete details about Garware Technical Fibres Limited Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: 72.99 Cr
    Buyback Number of Shares: 3.17 Lakh
    Buyback Price: Rs 2300
    Buyback Offer Size (In %): 1.45%
    Total Share Capital: 4,554.43 Cr
    Face Value: 10 Per Equity Share
    Buyback Offer Size (In %): 1.45%

Can I Invest today to participate in Garware Technical Fibres Limited buyback offer? No

What are Garware Technical Fibres Limited Buyback Important Dates?

In this section we have covered all important dates related to Garware Technical Fibres Limited 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.

    Garware Technical Fibres Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 27th Nov 2020
    Buyback Approval date 27th Nov 2020
    Public Announcement of Buyback 2nd Dec 2020
    Record Date 11th Dec 2020
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

Garware Technical Fibres Limited Share Holding Pattern as of Nov 2020

Stock Holding table gives a clear picture on retail investor holdings of Garware Technical Fibres Limited 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 8.83%
    Promoter-Indian 53.02%
    Non-Promoter-Institutions 2.12%
    Non-Promoter-Non-Institutions 36.02%

Garware Technical Fibres Limited Public Announcement >>Document

Garware Technical Fibres Limited Draft Letter of Offer >>Document

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Garware Technical Fibres Limited 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 Garware Technical Fibres Limited? How can I apply in Garware Technical Fibres Limited Buyback offer?

Company Contact Information

GARWARE TECHNICAL FIBRES LIMITED
Plot No. 11, Block D-1, MIDC, Chinchwad,
Pune - 411 019
Phone: +91 020 2799 0224
Email: [email protected]

Registrar Contact Information

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, Lai Bahadur Shastri Marg
Vikhroli (West), Mumbai
Maharashtra, India - 400 083
Tel.:+91-22-4918-6200
Email:[email protected]
Website: www.linkintime.co.in
Request call back from

Last Updated on 2021-01-12T21:49:16+00:00


Buyback FAQs

  1. 1. What is the record date for Garware Technical Fibres Limited buyback offer?

    The Record Date for Garware Technical Fibres Limited Buyback offer is 11th Dec 2020

    Which means you should hold the Garware Technical Fibres Limited share in your demat account by closing session of 11th Dec 2020. Share purchased on and before (11th Dec 2020) - 2 business days will be available in your demat account by 11th Dec 2020.

     

     

  2. 2. How much I can make with Garware Technical Fibres Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Garware Technical Fibres Limited shares at ₹2150 and buyback offer price is ₹2300, you can get ₹150 per accepted share. If you hold 93 shares of Garware Technical Fibres Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 31 to 46 shares with the gain from buyback of ₹4650 to ₹6900.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Garware Technical Fibres Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%31₹4650
    50%46₹6900
    75%70₹10500
    100%93₹13950

     

     

  3. 3. How to Participate in Garware Technical Fibres Limited buyback offer?

    Steps to participate in Garware Technical Fibres Limited buyback:

    1. On Record date (11th Dec 2020) you must have share of Garware Technical Fibres Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Garware Technical Fibres Limited share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I need to tender Garware Technical Fibres Limited share for buyback?

    Buyback opening date for Garware Technical Fibres Limited: Not Yet Announced

    Buyback closing date for Garware Technical Fibres Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in Garware Technical Fibres Limited buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

     

     

  7. 7. When I need to tender Garware Technical Fibres Limited share for buyback?

    Buyback opening date for Garware Technical Fibres Limited: Not Yet Announced

    Buyback closing date for Garware Technical Fibres Limited: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

     

     

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User Comments

avatar
1. Anant Rathod  1/13/2021 3:48:41 PM Reply
is it mandatory to give back all shares? or can I give back a portion of my holdings? say i have 100 shares, can i give back 50 shares and still retain 50?

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