Welspun Corp Limited Buyback 2019

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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.

Welspun Corp Buyback 2019 Latest Update

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.

Welspun Corp Limited Buyback Offer Details

      »»   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

Review & Recommendation

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.

Rating

  • Poor (<10% AR)
  • Fair (Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

Welspun Corp Limited Buyback Important Dates

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.

    Welspun Corp Limited buyback offer important dates
    Buyback Activity Date
    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

Welspun Corp Limited Share Holding Pattern as of Mar 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 %
    Promoter-Foreign 2.28%
    Promoter-Indian 46.37%
    Non-Promoter-Institutions 14.90%
    Non-Promoter-Non-Institutions 36.45%

Welspun Corp Limited Draft Letter of Offer >>Document

Welspun Corp Limited Letter of Offer >>Document

Welspun Corp Limited Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 144.30 per equity share - in such case Max 1386 Equity Shares as of Record Date 5th Jul 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Welspun Corp Limited Ratio of Buy Back

    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%

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
KPR MillTender OfferRs 263.3 Cr702558.60 (0.49%)19-06-2017TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850596.90 (-1.27%)05-07-201911-10-201924-10-2019
Welspun Corp LimitedTender OfferRs 360 Cr140131.10 (1.71%)05-07-201922-10-20195-11-2019
Star Cement LimitedTender OfferRs 102 Cr15093.40 (2.36%)05-07-201922-10-201905-11-2019
Greaves Cotton LtdTender OfferRs 240 Cr175128.10 (-3.50%)12-07-201918-10-201901-11-2019
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.90 (-2.05%)15-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13082.35 (-4.41%)13-08-201918-10-201901-11-2019
Automobile Corporation of GoaTender OfferRs 19.98 Cr600515.00 (-1.52%)20-09-201918-10-20194-11-2019
NIIT LtdTender OfferRs 335 Cr12584.95 (-2.36%)18-10-2019TBDTBD
Kaveri Seed Company LtdTender OfferRs 196 Cr700465.70 (0.03%)TBDTBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10044.50 (-2.31%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr15090.30 (-9.97%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Welspun 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?

Company Contact Information

Welspun Corp Limited
Welspun City,
Village Versamedi,Tal. Anjar,
Kutch, Gujarat -370110
Website: http://www.welspuncorp.com
Group: Welspun Group

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park, L.B.S. Marg,
Vikhroli (West)
Mumbai - 400083
Request call back from

Last Updated on 2019-10-15T03:00:48+00:00

FAQs

  1. What is the record date for Welspun Corp Limited buyback offer?

    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.

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  2. How much I can make with Welspun Corp Limited buyback offer?

    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.

    Welspun Corp Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%493₹2958
    50%746₹4476
    75%1120₹6720
    100%1493₹8958

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  3. How to Participate in Welspun Corp Limited buyback offer?

    Steps to participate in Welspun Corp Limited buyback:

    1. On Record date (5th Jul 2019) you must have share of Welspun Corp 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.

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  4. How many Welspun Corp 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.

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  5. When I need to tender Welspun Corp Limited share for buyback?

    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.

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  6. When I will know how much shares accepted in Welspun Corp 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 15th Nov 2019.

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  7. How and when will I get money for accepted shares of Welspun Corp Limited buyback?

    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.

    Discuss this question

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User Comments

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1. Vijay Jain  May 23, 2019 7:31:14 AM IST Reply
Postal Ballot results are going to announce on June 24, 2019. The record date will be announced post 24 June 2019.

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