SP Apparels Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

0
SP Apparels Buyback

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 DatesComing soon
SP Apparels Buyback Price INR 585 per share
Buyback Offer Size (Shares)6,00,000 shares
Buyback offer as % of total shares2.34%
Buyback Offer Size (Amount)INR 35.10 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

SP Apparels Buyback Dates (Timeline)

Board Meeting for Buyback Proposal21 September 2022
Buyback Approval Date21 September 2022
Public Announcement of Buyback23 September 2022
SP Apparels Buyback Record Date7 October 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

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 CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR2 Lakh on record date)
8*
General category
(for all other Eligible Shareholders)
*Tentative, based on the shareholding pattern

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

FY2020FY2021FY2022
Total Income782.12576.69744.46
Total Expenses709.57488.79591.27
Net income 44.0338.6883.20
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 585
Maximum shares for small shareholder (2,00,000/585)342 shares *
Closing price of stock as on 21 Sep 2022INR 431.60**
Maximum amount invested in buyback (INR431.60 x 342 shares)INR 1,47,607
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

SP Apparels Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
3422828 (100%)4,2952.91
3422856 (200%)8,5905.82
3422884 (300%)12,8868.73

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: +91 22 4918 6200 
Email: [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 NA 2022 and closes on NA 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here