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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.
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.
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
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 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.
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 |
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
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 |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 844.55 (-1.33%) | 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 | 151.90 (-0.07%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.75 (0.77%) | 25-08-2023 | TBD | TBD | Shervani Industrial Syndicate Limited | Tender Offer | ₹6.83Cr | 510 | 543.60 (1.91%) | 07-03-2024 | 14-03-2024 | 20-03-2024 | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 80.37 (0.19%) | 20-03-2024 | TBD | TBD | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3201.80 (-1.15%) | 26-03-2024 | TBD | TBD |
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?Last Updated on 2019-11-15T21:40:26+00:00