Garware Technical Fibres Buyback 2024 Record Date, Price, Entitlement Ratio


Last updated on March 28, 2024

Garware Technical Fibres Buyback 2024

Garware Technical Fibres Buyback 2024 description – Garware Technical Fibres stands out as a key player in India’s technical textiles sector, boasting a global presence with customers in 75 countries. The company provides solutions for Fisheries, Aquaculture, Shipping, Yarns & Thread, Sports, Coated fabric, Agriculture, and Geosynthetics.

This company is a versatile, globally-operating entity in the technical textiles realm, acclaimed for delivering cutting-edge solutions. Renowned for its excellence in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics, it stands as a beacon of innovation in the industry.

For the fiscal year ending on 31 March 2023, the company achieved a consolidated revenue of INR 1,305.55 crores, marking a 9.77% growth compared to the previous year’s consolidated revenue of INR 1,189.40 crores.

Garware Technical Fibres

Garware Technical Fibres Share Buyback 2024 Details

Garware Technical Fibres Buyback Dates1 – 5 April 2024
Garware Technical Fibres Buyback Price INR 3,800 per share
Market Price on Buyback ApprovalINR 3,662 per share
Buyback Premium on Market Price3.77%
Buyback Offer Size (Shares)5,25,000 shares
Buyback Offer Size (Amount)INR 199.50 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Garware Technical Fibres Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal22 January 2024
Buyback Approval Date29 January 2024
Public Announcement of Buyback11 March 2024
Garware Technical Fibres Buyback Record Date26 March 2024
Buyback Opening Date1 April 2024
Buyback Closing Date5 April 2024
Cut-off Date to receive completed tender forms by Registrar5 April 2024
Verification Date by the Registrar10 April 2024
Return of unaccepted shares by Registrar15 April 2024
Extinguishment of accepted shares25 April 2024

Garware Technical Fibres Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Garware Technical Fibres Buyback Entitlement Ratio

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

A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.

Garware Technical Fibres Financial Performance

FY 2021FY 2022FY 2023
Total Expenses861.17998.531,110.28
Net income 158.40164.78172.20
Figures in INR Crores 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 3,800
Maximum shares for small shareholders (2,00,000/3,800)53 shares *
The closing price of the stock as of 29 January 2024INR 3,662**
Maximum amount invested in buyback (INR 3,662 x 53 shares)INR 1,39,714
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Garware Technical Fibres Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
5399 (100%)1,2420.64
53918 (200%)2,4841.28
53927 (300%)3,7261.92

Registrar of Garware Technical Fibres Buyback 2024

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 8108114949
Email: [email protected]

Manager of Garware Technical Fibres Buyback 2024

Motilal Oswal Tower Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi Mumbai – 400 025
Telephone: +91 22 7193 4380
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 stockbroker. 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

What are Garware Technical Fibres buyback dates?

Garware Technical Fibres share buyback opens on 1 April 2024 and closes on 5 April 2024.

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 3,800 per share.

What is Garware Technical Fibres buyback record date?

Garware Technical Fibres buyback record date is 26 March 2024.

How to participate in Garware Technical Fibres share buyback?

Garware Technical Fibres share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


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