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Welspun Corp Limited Buyback 2019

Rated 3/5 by Team InvestorGain

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.

What is Welspun Corp Limited Buyback details?

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

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 360 Cr
Buyback Number of Shares: 2.78 Cr
Buyback Price: Rs 140
Buyback Offer Size (In %): 10.50%
Total Share Capital: Rs 3540.77 Cr
Face Value: 5 Per Equity Share

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)

What are Welspun Corp Limited Buyback Important Dates?

In this section we have covered all important 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 gives a clear picture on retail investor holdings of Welspun Corp 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 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 Post Buyback Public Announcement >>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%

Post buyback comments Welspun Corp Limited

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%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200844.55 (-1.33%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245151.90 (-0.07%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500289.75 (0.77%)25-08-2023TBDTBD
Shervani Industrial Syndicate LimitedTender Offer₹6.83Cr510543.60 (1.91%)07-03-202414-03-202420-03-2024
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10580.37 (0.19%)20-03-2024TBDTBD
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003201.80 (-1.15%)26-03-2024TBDTBD

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

Last Updated on 2019-11-15T21:40:26+00:00

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User Reviews

1. Vijay Jain May 23 2019 08:31:14 AM Reply
Postal Ballot results are going to announce on June 24, 2019. The record date will be announced post 24 June 2019.