Weizmann Buyback Record Date 2024, Price, Entitlement Ratio

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Last updated on September 3, 2024

Weizmann Buyback Record Date

Weizmann Buyback Record Date is 30 August 2024. 

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 2024

Weizmann Buyback Record Date, Other Details

Weizmann Buyback Dates5 – 11 September 2024
Weizmann Buyback Price INR 160 per share
Market Price on Buyback ApprovalINR 137.7 per share
Buyback Premium on Market Price16.19%
Buyback Offer Size (Shares) 3,65,169 shares
Buyback Offer Size (Amount)INR 5.84 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Weizmann Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal14 August 2024
Buyback Approval Date20 August 2024
Public Announcement of Buyback22 August 2024
Weizmann Buyback Record Date30 August 2024
Buyback Opening Date5 September 2024
Buyback Closing Date11 September 2024
Cut-off Date to receive completed tender forms by Registrar11 September 2024
Verification Date by the Registrar13 September 2024
Return of unaccepted shares by Registrar19 September 2024
Extinguishment of accepted shares30 September 2024

Weizmann Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Weizmann Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
33/7764.25
General category
(for all other Eligible Shareholders)
33/7764.25
*Calculated by IPO Central

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 2022FY 2023FY 2024
Total Income99.84135.14122.90
Total Expenses94.18123.53108.80
Net Income 2.886.129.58
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a shareholder as on record dateINR 2,00,000
Buyback price per shareINR 160
Maximum shares for small shareholders (2,00,000/160) 1,250 shares *
The closing price of the stock as of 20 August 2024INR 137.7**
Maximum amount invested in buyback (INR 137.7 x 1,250 shares)INR 1,72,125
* 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

Weizmann Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1,2505454 (100%)1,204.20.70
1,25054108 (200%)2,408.41.40
1,25054162 (300%)3,612.62.10

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: [email protected]
Website: 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: +91 22 49730394
Email: [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.

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