Welspun Enterprises Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

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Last updated on January 27, 2023

Welspun Enterprises Buyback 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

Welspun Enterprises Share Buyback 2023 Details

Welspun Enterprises Buyback DatesComing soon
Welspun Enterprises Buyback Price INR 200 per share
Market Price on Buyback ApprovalINR 166.35 per share
Buyback Premium on Market Price20.23%
Buyback Offer Size (Shares)1,17,50,000 shares
Buyback Offer Size (Amount)INR 235 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

Welspun Enterprises Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal30 December 2022
Buyback Approval Date30 December 2022
Public Announcement of Buyback25 January 2023
Welspun Enterprises Buyback Record Date13 February 2023
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

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 CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
12.76*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern

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 2020FY 2021FY 2022
Revenue1,760.051,410.191,306.94
Total Expenses1,579.121,285.871,216.32
Net income 159.34107.4493.44
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 200
Maximum shares for small shareholder (2,00,000/200)1,000 shares *
Closing price of stock as on 30 Dec 2022INR 166.35**
Maximum amount invested in buyback (INR 166.35 x 1,000 shares)INR 1,66,350
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Welspun Enterprises Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1000128128 (100%)4,307.22.59
1000128256 (200%)8,614.25.18
1000128384 (300%)12,921.67.77

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: +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: +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 NA and closes on NA.

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.

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