Last updated on May 13, 2023
Welspun India Buyback 2023 Description – Welspun India is one of the largest home textile manufacturers in the world. The company offers a wide spectrum of home & technical textile products and Flooring solutions. Welspun manufactures a wide range of home textile products ranging from towels, and bath robes to sheets, tob, and basic & fashion bedding. It also entered into the business of carpets flooring solutions recently.
Its distribution network is spanning in more than 50 countries, making it the largest exporter of home textile products from India. It has been a regular supplier to leading retail chains such as Walmart Stores, Costco, Kohls, Bed Bath & Beyond, Ikea, Macy’s, etc., providing revenue stability to the company.
Welspun India Home Textiles & Advance Textiles Capacities:
- Â Bath Linen Annual Capacity: 85,400 Metric Tonnes
- Rugs and Carpets Annual Capacity: 12 MN SQ MTRS
- Bed Linen Annual Capacity: 90 MN MTRS
- Spunlace Capacity: 27,729 MT
- Needlepunch Capacity: 3026 MT
- PACKS Wet Wipes Capacity: 100 MN
Welspun India Share Buyback 2023 Details
| Welspun India Buyback Dates | 16 – 22 May 2023 |
| Welspun India Buyback Price | INR 120 per share |
| Market Price on Buyback Approval | INR 87.06 per share |
| Buyback Premium on Market Price | 37.84% |
| Buyback Offer Size (Shares) | 1,62,50,000 shares |
| Buyback Offer Size (Amount) | INR 195 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Welspun India Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 21 April 2023 |
| Buyback Approval Date | 27 April 2023 |
| Public Announcement of Buyback | 29 April 2023 |
| Welspun India Buyback Record Date | 10 May 2023 |
| Buyback Opening Date | 16 May 2023 |
| Buyback Closing Date | 22 May 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 22 May 2023 |
| Verification Date by the Registrar | 24 May 2023 |
| Return of unaccepted shares by Registrar | 29 May 2023 |
| Extinguishment of accepted shares | 7 June 2023 |
Welspun India Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Welspun India Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 5/81 | 6.17 |
| General category (for all other Eligible Shareholders) | 1/69 | 1.45 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Welspun India Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 6,741.09 | 7,340.18 | 9,311.47 |
| Total Expenses | 6,185.21 | 6,639.31 | 8,504.47 |
| Net income | 524.36 | 550.79 | 606.70 |
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 120 |
| Maximum shares for small shareholder (2,00,000/120) | 1,667 shares * |
| Closing price of stock as on 27 April 2023 | INR 87.06** |
| Maximum amount invested in buyback (INR 87.06 x 1,667 shares) | INR 1,45,129.02 |
** For simplicity, we have considered price on buyback approval date
Welspun India Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,667 | 103 | 103 (100%) | 3,392.82 | 2.34 |
| 1,667 | 103 | 206 (200%) | 6,785.64 | 4.68 |
| 1,667 | 103 | 309 (300%) | 10,178.46 | 7.01 |
Registrar of Welspun India 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:Â [email protected]
Website: www.linkintime.co.in
Manager of Welspun India 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:Â [email protected]
Website:Â www.damcapital.in
Process to Participate in Welspun 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 Welspun India buyback dates?
Welspun India share buyback opens on 16 May 2023 and closes on 22 May 2023.
Which type of buyback is Welspun India buyback offer?
Welspun India buyback is a tender offer.
What is Welspun India buyback price?
Welspun India buyback price is INR 120 per share.
What is Welspun India’s buyback record date?
Welspun India’s buyback record date is 10 May 2023.
How to participate in Welspun India share buyback?
Welspun India share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
