Orbit Exports Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

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Orbit Exports Buyback

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 DatesComing soon
Orbit Exports Buyback Price INR 245 per share
Buyback Offer Size (Shares)4,08,163 shares
Buyback offer as % of total shares1.49%
Buyback Offer Size (Amount)INR 10 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Orbit Exports Buyback Dates (Timeline)

Board Meeting for Buyback Proposal04 November 2022
Buyback Approval Date04 November 2022
Public Announcement of Buyback09 November 2022
Orbit Exports Buyback Record Date18 November 2022
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Orbit Exports Buyback 2022 Documents

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


Orbit Exports Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
2.32*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern.

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 2019FY 2020FY 2021FY 2022
Total Income136.77143.8969.15127.53
Total Expenses97.78101.1057.6194.58
Net income 23.1223.130.9415.89
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 245
Maximum shares for small shareholder (2,00,000/245)817 shares*
Closing price of stock as on 04 November 2022INR 191.25**
Maximum amount invested in buyback (INR 191.25x 817 shares)INR 1,56,251
* No. of shares stands to change according to the closing price on record date
** For simplicity, IPO Central
has considered price on buyback approval date

Orbit Exports Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
8171919 (100%)1021.250.65
8171938 (200%)2042.501.31
8171957 (300%)3063.751.96

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.

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