Incorporated in 1995, Welspun Corp Limited formarly know as Welspun Gujarat Stahl Rohren. The company change its name in 2010. The company is world's leading line pipe manufacturer. the line pipes are used for transporting oil, gas or water over long distance. The corporate is focus on R&D and pipeline technology. Welspun Corp has expertise in complex project and partnerships with global giants. The company offer ene-to-end product & solution which include HSAW pipes, LSAQ Pipes, ERW/HFIW pipes, plates & coils, coating system and ancillary services. The company has plants in 5 different location - 3 in India, 1 in USA and 1 in Saudi Arabia.
May 15th, 2019:Welspun Corp Limited (BSE:532144 | NSE:WELCORP) board has approved a proposal for purchase of up to 2.78 Cr(Two crore and seventy eight lakh) shares at Rs 140 (One hundred forty) per share, aggregating Rs 360 Cr(Three hundred and sixty crore) (Buyback Offer Size) that is 10.50% of total paid equity share capital.
»» Total Share Capital: Rs 3540.77 Cr
»» Face Value: 5 Per Equity Share
»» Buyback Offer Amount: Rs 360 Cr
»» Buyback Offer Size (In %): 10.50%
»» Buyback Number of Shares: 2.78 Cr
»» Buyback Price: Rs 140
»» Promoters and Promoter Group participation:Yes
»» Buyback type:Tender Offer
»» Can I Invest today to participate in Welspun Corp Limited buyback offer :No
With our analysis, Welspun Corp buyback acceptance ratio for the retail investors are going to be between eighteen to twenty five percent (18-25%). We tend to rate Welspun Corp buyback as 3/5 (Fair). The price difference for the buyback is just 4.5%, so we don't see big benefits for new retail investors. An existing investor can participate in buyback and book partial profit.
In this section we have covered all imporatant dates related to Welspun Corp 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.
|Board Meeting for Buyback proposal||15th May 2019|
|Buyback Approval date||15th May 2019|
|Public Announcement of Buyback||15th May 2019|
|Record Date||5th Jul 2019|
|Buyback opens on/Buyback Opening Date||22nd Oct 2019|
|Buyback closes on/Buyback Closing Date||5th Nov 2019|
|Cut-off date to receive completed tender forms by Registrar||5th Nov 2019|
|Cut-off date for verification by the Registrar||7th Nov 2019|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||14th Nov 2019|
|Last date of settlement of bids on the stock exchange||15th Nov 2019|
|Last date to return unaccepted shares by Registrar||15th Nov 2019|
|Last date of extinguishment of Equity Shares||22nd Nov 2019|
Stock Holding table will give you a clear picture, how many retail investor holding Welspun Corp Limited shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.
|Holding Type||In %|
Welspun Corp Limited Draft Letter of Offer >>Document
Welspun Corp Limited Letter of Offer >>Document
Welspun Corp Limited Post Buyback Public Announcement >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||82 Equity Share out of every 211 fully paid-up Equity Share held on the Record Date.||38.86|
|General Category||49 Equity Share out of every 507 fully paid-up Equity Share held on the Record Date.||9.66%|
For Welspun Corp Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 17.70%, No. of Equity Shares reserved in Buyback was 24555554 where valid bid received for retail category was 4345776 which is 17.70% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 0.25%, No. of Equity Shares reserved in Buyback was 4333334 where valid bid received for retail category was 10938 which is 0.25%. 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|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||31.10 (4.71%)||07-03-2020||TBD||TBD||NIIT Technologies||Tender Offer||Rs 337 Cr||1725||1457.30 (0.46%)||12-03-2020||29-05-2020||11-06-2020||Tips Industries Limited||Tender Offer||Rs 18.90 Cr||140||103.15 (-0.43%)||03-04-2020||TBD||TBD||Coral India Finance And Housing Ltd||Tender Offer||Rs 21.08 Cr||17||14.01 (-2.16%)||17-04-2020||TBD||TBD||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||44.30 (1.14%)||TBD||TBD||TBD||Granules India Ltd||Tender Offer||Rs 250 Cr||200||181.25 (5.78%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadWelspun Corp 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 Welspun Corp Limited? How can I apply in Welspun Corp Limited Buyback offer?
Last Updated on 2019-11-15T21:40:26+00:00
The Record Date for Welspun Corp Limited Buyback offer is 5th Jul 2019
Which means you should hold the Welspun Corp Limited share in your demat account by closing session of 5th Jul 2019. Share purchased on and before (5th Jul 2019) - 2 business days will be available in your demat account by 5th Jul 2019.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Welspun Corp Limited shares at ₹134 and buyback offer price is ₹140, you can get ₹6 per accepted share. If you hold 1493 shares of Welspun Corp Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 493 to 746 shares with the gain from buyback of ₹2958 to ₹4476.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Welspun Corp Limited 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.
Buyback opening date for Welspun Corp Limited: 22nd Oct 2019
Buyback closing date for Welspun Corp Limited: 5th Nov 2019
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 5th Nov 2019.
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 15th Nov 2019.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 15th Nov 2019, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.