Orbit Exports Buyback 2022 description – The Company since its inception in 1983 as a small weaving company, it has advanced considerably to become one of India’s largest exporters of novelty fabrics. Orbit’s global reach is testament to its success, with the company having established prolific operations in the USA, Latin America, Africa, Europe and the Far East.
As of today, Orbit Exports operates across multiple verticals, from women’s apparel to Christmas crafts and home decor, with further interests in occasion specific fabrics and finished products. In as much, the company’s products have always been, and continue to be, entirely original, with respect to creativity and production. This is largely due to the presence of a dedicated in-house design team that is continuously working to uphold the company’s long standing reputation for quality.
The Vision of the Management, coupled with the relentless efforts of the employees, has helped Orbit Exports to become one of the fastest growing companies in the Textile sector. The company exports 2 million meters of fabric every quarter. Orbit Exports is also the largest exporter of Christmas ribbons and made-up products in India.
Orbit Exports Share Buyback 2022 Details
| Buyback Dates | 15 – 28 December 2022 |
| Orbit Exports Buyback Price | INR 245 per share |
| Buyback Offer Size (Shares) | 4,08,163 shares |
| Buyback offer as % of total shares | 1.49% |
| Buyback Offer Size (Amount) | INR 10 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Orbit Exports Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 04 November 2022 |
| Buyback Approval Date | 04 November 2022 |
| Public Announcement of Buyback | 09 November 2022 |
| Orbit Exports Buyback Record Date | 18 November 2022 |
| Buyback Opening Date | 15 December 2022 |
| Buyback Closing Date | 28 December 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 28 December 2022 |
| Verification Date by the Registrar | 3 January 2022 |
| Return of unaccepted shares by Registrar | 6 January 2022 |
| Extinguishment of accepted shares | 13 January 2022 |
Orbit Exports Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Orbit Exports Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 2/47 | 4.26 |
| General category (for all other Eligible Shareholders) | 9/673 | 1.34 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Orbit Exports Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 136.77 | 143.89 | 69.15 | 127.53 |
| Total Expenses | 97.78 | 101.10 | 57.61 | 94.58 |
| Net income | 23.12 | 23.13 | 0.94 | 15.89 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 245 |
| Maximum shares for small shareholder (2,00,000/245) | 817 shares* |
| Closing price of stock as on 04 November 2022 | INR 191.25** |
| Maximum amount invested in buyback (INR 191.25x 817 shares) | INR 1,56,251 |
** For simplicity, IPO Central has considered price on buyback approval date
Orbit Exports Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 817 | 35 | 35 (100%) | 1,881 | 1.20 |
| 817 | 35 | 70 (200%) | 3,762 | 2.41 |
| 817 | 35 | 105 (300%) | 5,644 | 3.61 |
Registrar of Orbit Exports Buyback 2022
LINK INTIME INDIA PRIVATE LIMITED
C101, 247 Park, LBS Marg,
Vikhroli (West), Mumbai 400 083
Tel: +91 810 811 4949
E-mail: [email protected];
Website: www.linkintime.co.in
Manager of Orbit Exports Buyback 2022
KEYNOTE FINANCIAL SERVICES LIMITED
The Ruby, 9th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai – 400028
Tel: +91–22– 68266000-3
E-mail: [email protected]
Website: www.keynoteindia.net
Process to Participate in Orbit Exports 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 Orbit Exports share buyback offer open?
Orbit Exports share buyback opens on NA 2022 and closes on NA 2022.
Which type of buyback is Orbit Exports buyback offer?
Orbit Exports buyback is a tender offer.
What is Orbit Exports buyback price?
Orbit Exports buyback price is INR 245 per share.
What is Orbit Exports buyback record date?
Orbit Exports buyback record date is 18 November 2022.
Please update current buybacks .from so many days no update