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Welspun India Limited (BSE:514162, NSE:WELSPUNIND) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Welspun India Buyback Apr 2023? The company has announced a buyback price of Rs 120. Buyback Announced on TBD, the Record Date for the eligible investor is 10-05-2023.
Welspun India Limited Buyabck Tender process starts from 16-05-2023 and end on 22-05-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 6.17%.
The summary report of Welspun India Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
| Title | Detail |
|---|---|
| Company Name: | Welspun India Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹195.00Cr |
| Buyback Number of Shares: | 1,62,50,000 |
| Buyback Price: | 120 |
| Approx Entry Price: | 87.6 |
| Promoters In: | Y |
| Record Date: | 10-05-2023 |
| Buyback Open Date: | 16-05-2023 |
| Buyback Close Date: | 22-05-2023 |
| Payment Date: | 26-05-2023 |
| Record Date Price: | 89.5 |
| Maximum Retail Quantity: | 2234 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 5 Equity Share out of every 81 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 6.17 |
| Acceptance Ratio General: | 1 Equity Share out of every 69 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 1.45 |
| Final Acceptance Ratio %: | - |
The Record Date for Welspun India Limited Buyback offer is 10th May 2023
Which means you should hold the Welspun India Limited share in your demat account by closing session of 10th May 2023. Share purchased on and before (10th May 2023) - 2 business days will be available in your demat account by 10th May 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Welspun India Limited shares at ₹87.6 and buyback offer price is ₹120, you can get ₹32.400000000000006 per accepted share. If you hold 2283 shares of Welspun India Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 753 to 1142 shares with the gain from buyback of ₹24397 to ₹37001.
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 |
|---|---|---|
| 33% | 753 | ₹24397 |
| 50% | 1142 | ₹37001 |
| 75% | 1712 | ₹55469 |
| 100% | 2283 | ₹73969 |
Steps to participate in Welspun India 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 India Limited: 16th May 2023
Buyback closing date for Welspun India Limited: 22nd May 2023
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 .
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 26th May 2023.
Buyback opening date for Welspun India Limited: 16th May 2023
Buyback closing date for Welspun India Limited: 22nd May 2023
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 .
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