Last updated on March 9, 2023
Welspun Enterprises Buyback 2023 description – Welspun Enterprises is part of the Welspun Group which is engaged in a variety of operations and businesses. It caters to a different set of customers by way of quality and efficient delivery of products and services. The company operates in the infrastructure space with investments in oil & gas.
The company is focused on the road and water sectors. While the company’s main focus is on Hybrid Annuity Model (HAM) projects as a developer, it also takes up value accretive projects in the BOT-Toll and EPC space.
The company is executing its first order in this focus sector being selected to implement rural water supply projects in three divisions in Uttar Pradesh for a value of around INR 2,500 crore.
Welspun Enterprises Share Buyback 2023 Details
| Welspun Enterprises Buyback Dates | 16 – 31 March 2023 |
| Welspun Enterprises Buyback Price | INR 200 per share |
| Market Price on Buyback Approval | INR 166.35 per share |
| Buyback Premium on Market Price | 20.23% |
| Buyback Offer Size (Shares) | 1,17,50,000 shares |
| Buyback Offer Size (Amount) | INR 235 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Welspun Enterprises Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 30 December 2022 |
| Buyback Approval Date | 30 December 2022 |
| Public Announcement of Buyback | 25 January 2023 |
| Welspun Enterprises Buyback Record Date | 13 February 2023 |
| Buyback Opening Date | 16 March 2023 |
| Buyback Closing Date | 31 March 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 31 March 2023 |
| Verification Date by the Registrar | 10 April 2023 |
| Return of unaccepted shares by Registrar | 13 April 2023 |
| Extinguishment of accepted shares | 20 April 2023 |
Welspun Enterprises Buyback 2023 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Welspun Enterprises Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/37 | 18.92 |
| General category (for all other Eligible Shareholders) | 1/14 | 7.14 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Welspun Enterprises Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 1,760.05 | 1,410.19 | 1,306.94 |
| Total Expenses | 1,579.12 | 1,285.87 | 1,216.32 |
| Net income | 159.34 | 107.44 | 93.44 |
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 200 |
| Maximum shares for small shareholder (2,00,000/200) | 1,000 shares * |
| Closing price of stock as on 30 Dec 2022 | INR 166.35** |
| Maximum amount invested in buyback (INR 166.35 x 1,000 shares) | INR 1,66,350 |
** For simplicity, we have considered price on buyback approval date
Welspun Enterprises Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1000 | 190 | 190 (100%) | 6,393.5 | 3.84 |
| 1000 | 190 | 380 (200%) | 12,787.0 | 7.69 |
| 1000 | 190 | 570 (300%) | 19,180.5 | 11.53 |
Registrar of Welspun Enterprises Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +918108114949
Email: [email protected]
Website: www.linkintime.co.in
Manager of Welspun Enterprises Buyback 2023
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C,
15th Floor, Unit No.1511,
Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone:Â +912242022500
Email: [email protected]
Website: www.damcapital.in
Process to Participate in Welspun Enterprises 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
What are Welspun Enterprises buyback dates?
Welspun Enterprises share buyback opens on 16 March 2023 and closes on 31 March 2023.
Which type of buyback is Welspun Enterprises buyback offer?
Welspun Enterprises buyback is a tender offer.
What is Welspun Enterprises buyback price?
Welspun Enterprises buyback price is INR 200 per share.
What is Welspun Enterprises buyback record date?
Welspun Enterprises buyback record date is 13 February 2023.
How to participate in Welspun Enterprises share buyback?
Welspun Enterprises share buyback will be conducted through tender process and investors who hold the shares on record date can place orders through their broker.
