Orbit Exports Buyback 2024 Record Date, Price, Entitlement Ratio


Last updated on February 15, 2024

Orbit Exports Buyback 2024

Orbit Exports Buyback 2024 Description – Since its establishment in 1983 as a modest weaving enterprise, the company has made significant strides to emerge as one of India’s leading exporters of novelty fabrics. Orbit’s global presence attests to its success, as the company has successfully expanded its operations in the USA, Latin America, Africa, Europe, and the Far East.

As of today, Orbit Exports engages in diverse sectors, ranging from women’s apparel to Christmas crafts and home decor, with an additional focus on occasion-specific fabrics and finished products. Notably, the company’s offerings remain entirely original in creativity and production. This stems from the presence of a dedicated in-house design team, tirelessly working to maintain the company’s longstanding reputation for quality.

The Management’s Vision, combined with the unwavering dedication of its workforce, has propelled Orbit Exports to stand among the fastest-growing companies in the Textile sector. The company consistently exports 2 million meters of fabric every quarter, solidifying its position as the largest exporter of Christmas ribbons and made-up products in India.

Orbit Exports

Orbit Exports Share Buyback 2024 Details

Orbit Exports Buyback Dates20 – 26 February 2024
Orbit Exports Buyback Price INR 250 per share
Market Price on Buyback ApprovalINR 192.25 per share
Buyback Premium on Market Price30.04%
Buyback Offer Size (Shares)6,00,000 shares
Buyback Offer Size (Amount)INR 15 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Orbit Exports Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal24 January 2024
Buyback Approval Date1 February 2024
Public Announcement of Buyback5 February 2024
Orbit Exports Buyback Record Date13 February 2024
Buyback Opening Date20 February 2024
Buyback Closing Date26 February 2024
Cut-off Date to receive completed tender forms by Registrar26 February 2024
Verification Date by the Registrar28 February 2024
Return of unaccepted shares by Registrar4 March 2024
Extinguishment of accepted shares14 March 2024

Orbit Exports Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Orbit Exports 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.

Orbit Exports Financial Performance

FY 2021FY 2022FY 2023
Total Expenses70.02108.42159.54
Net income 2.3817.8034.38
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 250
Maximum shares for small shareholders (2,00,000/250)800 shares *
Closing price of stock as of 1 February 2024INR 192.25**
Maximum amount invested in buyback (INR 192.25 x 800 shares)INR 1,53,800
* 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

Orbit Exports Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
8005050 (100%)2,887.51.88
80050100 (200%)5,775.03.75
80050150 (300%)8,662.55.63

Registrar of Orbit Exports Buyback 2024

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 2024

605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com

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 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 Orbit Exports buyback dates?

Orbit Exports share buyback opens on 20 February 2024 and closes on 26 February 2024.

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 250 per share.

What is Orbit Exports buyback record date?

Orbit Exports buyback record date is 13 February 2024.

How to participate in Orbit Exports share buyback?

Orbit Exports 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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