Sportking India Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Sportking India Buyback 2023

Sportking India Buyback 2023 description – Incorporated in 1989, Sportking India is an integrated textile conglomerate. The company’s yarn business is the largest strategic business unit which manufactures Cotton Yarns, Poly-Cotton Yarns, Fancy Yarns, Acrylic Yarns and Polyester Yarns. It also supplies knitted fabric and manufactures garments for Men, Women, Girls and Boys that are made available to customers through its own retail outlets.

The company consumes about 4 lakh bales of cotton every year. The company is associated with brands like Zara, H&M, Ikea, Jockey, Marks & Spencer etc. Its top five clients accounted for 24% of total revenues in FY 2021.

Sportking India 2023

Sportking has seven manufacturing facilities in India spread across the states of Punjab and Himachal Pradesh. The present total installed capacity of the company is 2.72 lakh spindles for the manufacturing of Gray/Dyed Cotton/Cotton Blended/Synthetic Yarn. The company also owns 100 retail garment stores spread across India. Its capacity utilization in FY 2021 stood at 95%.

Sportking India Share Buyback 2023 Details

Sportking India Buyback Dates15 – 28 March 2023
Sportking India Buyback Price INR 950 per share
Market Price on Buyback ApprovalINR 708.6 per share
Buyback Premium on Market Price34.06%
Buyback Offer Size (Shares)5,80,000 shares
Buyback Offer Size (Amount)INR 55.10 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Sportking India Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal21 January 2023
Buyback Approval Date27 January 2023
Public Announcement of Buyback31 January 2023
Sportking India Buyback Record Date10 February 2023
Buyback Opening Date15 March 2023
Buyback Closing Date28 March 2023
Cut-off Date to receive completed tender forms by Registrar30 March 2023
Verification Date by the Registrar10 April 2023
Return of unaccepted shares by Registrar11 April 2023
Extinguishment of accepted shares18 April 2023

Sportking India Buyback 2023 Documents

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

Sportking India 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)

Small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as on record date.

Sportking India Financial Performance

FY 2020FY 2021FY 2022
Total Expenses1,276.421,155.121,586.90
Net income 12.3684.53409.25
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 950
Maximum shares for small shareholder (2,00,000/950)211 shares *
Closing price of stock as on 27 January 2023INR 708.6**
Maximum amount invested in buyback (INR 708.6 x 211 shares)INR 1,49,514.6
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Sportking India Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
2112323 (100%)5,552.23.71
2112346 (200%)11,104.47.43
2112369 (300%)16,656.611.14

Registrar of Sportking India Buyback 2023

Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone: +911129961281
Email: [email protected]

Manager of Sportking India Buyback 2023

SCO 22-23, Sector 9D,
Madhya Marg, Chandigarh – 160009
Tel: +911724848000
Email: [email protected]

Process to Participate in Sportking India 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 Sportking India’s buyback dates?

Sportking India share buyback opens on 15 March 2023 and closes on 28 March 2023.

Which type of buyback is Sportking India buyback offer?

Sportking India buyback is a tender offer.

What is Sportking India’s buyback price?

Sportking India’s buyback price is INR 950 per share.

What is Sportking India’s buyback record date?

Sportking India’s buyback record date is 10 February 2023.

How to participate in Sportking India share buyback?

Sportking India’s share buyback will be conducted through a tender process and investors who hold the shares on record date can place orders through their broker.


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