Last updated on September 3, 2024
Weizmann Buyback Record Date is 30 August 2024.Â
Weizmann is the flagship company of the Weizmann Group, with business interests in textile processing and exports, fintech, and renewable energy. The company specializes in manufacturing African print fabric, finished fabric, trading fabrics, and textile processing. Additionally, the company undertakes job work orders for dyeing, coloring, and other related processes.
The company operates a composite textile processing and manufacturing facility on 15,175 square meters of land in Narol, Ahmedabad. This facility can manufacture 24 million meters of fabric per year. Weizmann Limited primarily focuses on the African market and has been exporting to the African continent for the past 25 years. The product range for Africa includes cotton voiles, percale, and African prints.
Weizmann Buyback Record Date, Other Details
| Weizmann Buyback Dates | 5 – 11 September 2024 |
| Weizmann Buyback Price | INR 160 per share |
| Market Price on Buyback Approval | INR 137.7 per share |
| Buyback Premium on Market Price | 16.19% |
| Buyback Offer Size (Shares) | 3,65,169 shares |
| Buyback Offer Size (Amount) | INR 5.84 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Weizmann Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 14 August 2024 |
| Buyback Approval Date | 20 August 2024 |
| Public Announcement of Buyback | 22 August 2024 |
| Weizmann Buyback Record Date | 30 August 2024 |
| Buyback Opening Date | 5 September 2024 |
| Buyback Closing Date | 11 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 11 September 2024 |
| Verification Date by the Registrar | 13 September 2024 |
| Return of unaccepted shares by Registrar | 19 September 2024 |
| Extinguishment of accepted shares | 30 September 2024 |
Weizmann Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Weizmann Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 33/776 | 4.25 |
| General category (for all other Eligible Shareholders) | 33/776 | 4.25 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Weizmann Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 99.84 | 135.14 | 122.90 |
| Total Expenses | 94.18 | 123.53 | 108.80 |
| Net Income | 2.88 | 6.12 | 9.58 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 160 |
| Maximum shares for small shareholders (2,00,000/160) | 1,250 shares * |
| The closing price of the stock as of 20 August 2024 | INR 137.7** |
| Maximum amount invested in buyback (INR 137.7 x 1,250 shares) | INR 1,72,125 |
**Â For simplicity, we have considered the price on the buyback approval date
Weizmann Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,250 | 54 | 54 (100%) | 1,204.2 | 0.70 |
| 1,250 | 54 | 108 (200%) | 2,408.4 | 1.40 |
| 1,250 | 54 | 162 (300%) | 3,612.6 | 2.10 |
Registrar of Weizmann Buyback 2024
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Manager of Weizmann Buyback 2024
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone:Â +91 22 49730394
Email:Â [email protected]
Website: www.saffronadvisor.com
The Process to Participate in Weizmann 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 Weizmann buyback dates?
Weizmann share buyback opens on 5 September 2024 and closes on 11 September 2024.
Which type of buyback is Weizmann’s buyback offer?
Weizmann buyback is a tender offer.
What is Weizmann buyback price?
Weizmann share buyback price is INR 160 per share.
What is the Weizmann buyback record date?
Weizmann buyback record date is 30 August 2024.
How to participate in Weizmann share buyback?
Weizmann share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
