Garware Technical Fibres Buyback 2022 Record Date, Buyback Price, Entitlement Ratio


Last updated on December 3, 2022

Garware Technical Fibres Buyback

Garware Technical Fibres Buyback 2022 description – The company is one of India’s leading players in the technical textiles sector. It has a global presence with customers spread across 75 countries. It offers solutions for Fisheries, Aquaculture, Shipping, Yarns & Thread, Sports, Coated fabric, agriculture and Geosynthetics.

The company is a multi-divisional, multi-geographical technical textiles company and is known for providing world-class innovative solutions in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes and geosynthetics.

Garware Technical Fibres Share Buyback 2022 Details

Buyback Dates5 – 16 December 2022
Garware Technical Fibres Buyback Price INR 3,750 per share
Buyback Offer Size (Shares)2,40,000 shares
Buyback offer as % of total shares1.16%
Buyback Offer Size (Amount)INR 90 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Garware Technical Fibres Buyback Dates (Timeline)

Board Meeting for Buyback Proposal14 October 2022
Buyback Approval Date21 October 2022
Public Announcement of Buyback24 October 2022
Garware Technical Fibres Buyback Record Date4 November 2022
Buyback Opening Date5 December 2022
Buyback Closing Date16 December 2022
Cut-off Date to receive completed tender forms by Registrar16 December 2022
Verification Date by the Registrar26 December 2022
Return of unaccepted shares by Registrar27 December 2022
Extinguishment of accepted shares3 January 2022

Garware Technical Fibres Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Garware Technical Fibres Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

Garware Technical Fibres’ Financial Performance

FY 2019FY 2020FY 2021FY 2022
Total Income1,038.801,013.851,051.801,201.53
Total Expenses839.56778.39828.48970.11
Net income 125.61178.00154.63160.73
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 3,750
Maximum shares for small shareholder (2,00,000/3,750)54 shares*
Closing price of stock as on 21 October 2022INR 3,459.60**
Maximum amount invested in buyback (INR3459.60 x 54 shares)INR 1,86,818
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Garware Technical Fibres Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
5444 (100%)1,1620.62
5448 (200%)2,3231.24
54412 (300%)3,4851.87

Registrar of Garware Technical Fibres Buyback 2022

Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Tel No.: +91 810 811 4949
Email: [email protected]

Manager of Garware Technical Fibres Buyback 2022

Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai, India – 400 013
Tel. No.: +91 (22) 6623 3030
Email: [email protected]

Process to Participate in Garware Technical Fibres Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

When does Garware Technical Fibres share buyback offer open?

Garware Technical Fibres share buyback opens on 5 December 2022 and closes on 16 December 2022.

Which type of buyback is Garware Technical Fibres buyback offer?

Garware Technical Fibres buyback is a tender offer.

What is Garware Technical Fibres buyback price?

Garware Technical Fibres buyback price is INR 3,750 per share.

What is Garware Technical Fibres buyback record date?

Garware Technical Fibres buyback record date is 4 November 2022.


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