SP Apparels Buyback 2022 description – The company is a manufacturer and distributor of textile and fabric products. It makes Textile and Fabric products like Men’s wear, Women’s wear, Kid’s wear etc. The company’s product range includes body suits, sleep suits, tops, and bottoms. It also manufactures a broad range of menswear garments consisting of shirts, polo shirts, t-shirts, trousers, jeans, sweaters, jackets and men’s innerwear consisting of vests, briefs, boxer shorts and socks under the brand ‘Crocodile’ through an agreement with Crocodile International Pte Limited, Singapore. It mainly exports its products to United Kingdom.
SP Apparels Share Buyback 2022 Details
| Buyback Dates | 3 – 17 November 2022 |
| SP Apparels Buyback Price | INR 585 per share |
| Buyback Offer Size (Shares) | 6,00,000 shares |
| Buyback offer as % of total shares | 2.34% |
| Buyback Offer Size (Amount) | INR 35.10 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
SP Apparels Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 21 September 2022 |
| Buyback Approval Date | 21 September 2022 |
| Public Announcement of Buyback | 23 September 2022 |
| SP Apparels Buyback Record Date | 7 October 2022 |
| Buyback Opening Date | 3 November 2022 |
| Buyback Closing Date | 17 November 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 17 November 2022 |
| Verification Date by the Registrar | 17 November 2022 |
| Return of unaccepted shares by Registrar | 28 November 2022 |
| Extinguishment of accepted shares | 5 December 2022 |
SP Apparels Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
SP Apparels IPO
SP Apparels Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 2/27 | 7.41 |
| General category (for all other Eligible Shareholders) | 1/48 | 2.08 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
SP Apparels Ltd’s Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 782.12 | 576.69 | 744.46 |
| Total Expenses | 709.57 | 488.79 | 591.27 |
| Net income | 44.03 | 38.68 | 83.20 |
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 585 |
| Maximum shares for small shareholder (2,00,000/585) | 342 shares * |
| Closing price of stock as on 21 Sep 2022 | INR 431.60** |
| Maximum amount invested in buyback (INR431.60 x 342 shares) | INR 1,47,607 |
** For simplicity, we have considered price on buyback approval date
SP Apparels Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 342 | 26 | 26 (100%) | 3,988 | 2.70 |
| 342 | 26 | 52 (200%) | 7,977 | 5.40 |
| 342 | 26 | 78 (300%) | 11,965 | 8.11 |
Registrar of SP Apparels Buyback 2022
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083,
Maharashtra, India
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website: www.linkintime.co.in
Manager of SP Apparels Buyback 2022
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel. No.: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
Process to Participate in SP Apparels 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 SP Apparels share buyback offer open?
SP Apparels share buyback opens on 3 November 2022 and closes on 17 November 2022.
Which type of buyback is SP Apparels buyback offer?
SP Apparels buyback is a tender offer.
What is SP Apparels buyback price?
SP Apparels buyback price is INR 585 per share.
What is SP Apparels buyback record date?
SP Apparels buyback record date is 7 October 2022.
