Welspun India Ltd Buyback May 2021

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Welspun India Ltd is coming up with a buyback of shares worth Rs 200 Cr by re-purchasing 1.66 cr fully paid-up shares which represent 9.85% of total capital. Welspun India Ltd buyback price is Rs 120 which is 19% higher than the closing share price of the date of announcement of the buyback.

Incorporated in 1985, Welspun India Ltd (Formerly Known as Welspun Polyester India Limited) is one of the fastest-growing global conglomerates with businesses in Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced textiles and Flooring solutions. The company has global presence in over 50 countries acquired leadership in home textile and line pipe business.

What is Welspun India Ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 200 Cr
    Buyback Number of Shares: 1.66 Cr
    Buyback Price: Rs 120
    Buyback Offer Size (In %): 9.85%
    Total Share Capital: Rs 9,720 Cr
    Face Value: 1 Per Equity Share

Can I Invest today to participate in Welspun India Ltd buyback offer? No

What are Welspun India Ltd Buyback Important Dates?

In this section we have covered all important dates related to Welspun India Ltd 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 India Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 14th May 2021
    Buyback Approval date 14th May 2021
    Public Announcement of Buyback 14th May 2021
    Record Date 26th May 2021
    Buyback opens on/Buyback Opening Date 22nd Jun 2021
    Buyback closes on/Buyback Closing Date 5th Jul 2021
    Cut-off date to receive completed tender forms by Registrar 7th Jul 2021
    Cut-off date for verification by the Registrar 9th Jul 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    13th Jul 2021
    Last date of settlement of bids on the stock exchange 14th Jul 2021
    Last date to return unaccepted shares by Registrar 14th Jul 2021
    Last date of extinguishment of Equity Shares 21st Jul 2021

Welspun India Ltd Share Holding Pattern as of Mar-2021

Stock Holding table gives a clear picture on retail investor holdings of Welspun India Ltd 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 0.0%
    Promoter-Indian 70%
    Non-Promoter-Institutions 13.15%
    Non-Promoter-Non-Institutions 16.85%

Welspun India Ltd Public Announcement >>Document

Welspun India Ltd Draft Letter of Offer >>Document

Welspun India Ltd 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 93.05 per equity share - in such case Max 2149 Equity Shares as of Record Date 26th May 2021.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Welspun India Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 43 Equity Shares out of every 469 fully paid-up Equity Shares held on the Record Date 0.91%
    General Category 1 Equity Shares out of every 69 fully paid-up Equity Shares held on the Record Date 0.14%

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
Welspun India LtdTender OfferRs 200 Cr12095.75 (0.95%)26-05-202122-06-202105-07-2021

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Detail Article on Benefit from buyback offer >> Read

Welspun India Ltd 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 India Ltd? How can I apply in Welspun India Ltd Buyback offer?

Company Contact Information

Welspun City,
Village Versarmedi,Anjar,
Kutch, Gujarat-370110,
India

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400083,
Maharashtra, India
Request call back from

Last Updated on 2021-06-11T22:46:02+00:00


Buyback FAQs

  1. 1. What is the record date for Welspun India Ltd buyback offer?

    The Record Date for Welspun India Ltd Buyback offer is 26th May 2021

    Which means you should hold the Welspun India Ltd share in your demat account by closing session of 26th May 2021. Share purchased on and before (26th May 2021) - 2 business days will be available in your demat account by 26th May 2021.

     

     

  2. 2. How much I can make with Welspun India Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Welspun India Ltd shares at ₹101 and buyback offer price is ₹120, you can get ₹19 per accepted share. If you hold 1980 shares of Welspun India Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 653 to 990 shares with the gain from buyback of ₹12407 to ₹18810.

    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 India Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%653₹12407
    50%990₹18810
    75%1485₹28215
    100%1980₹37620

     

     

  3. 3. How to Participate in Welspun India Ltd buyback offer?

    Steps to participate in Welspun India Ltd buyback:

    1. On Record date (26th May 2021) you must have share of Welspun India Ltd 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 Welspun India Ltd 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 Welspun India Ltd share for buyback?

    Buyback opening date for Welspun India Ltd: 22nd Jun 2021

    Buyback closing date for Welspun India Ltd: 5th Jul 2021

    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 7th Jul 2021.

     

     

  6. 6. When I will know how much shares accepted in Welspun India Ltd 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 14th Jul 2021.

     

     

  7. 7. When I need to tender Welspun India Ltd share for buyback?

    Buyback opening date for Welspun India Ltd: 22nd Jun 2021

    Buyback closing date for Welspun India Ltd: 5th Jul 2021

    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 7th Jul 2021.

     

     

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