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


Last updated on May 13, 2023

Welspun India Buyback 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:

  •  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

Welspun India Share Buyback 2023 Details

Welspun India Buyback Dates16 – 22 May 2023
Welspun India Buyback Price INR 120 per share
Market Price on Buyback ApprovalINR 87.06 per share
Buyback Premium on Market Price37.84%
Buyback Offer Size (Shares)1,62,50,000 shares
Buyback Offer Size (Amount)INR 195 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Welspun India Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal21 April 2023
Buyback Approval Date27 April 2023
Public Announcement of Buyback29 April 2023
Welspun India Buyback Record Date10 May 2023
Buyback Opening Date16 May 2023
Buyback Closing Date22 May 2023
Cut-off Date to receive completed tender forms by Registrar22 May 2023
Verification Date by the Registrar24 May 2023
Return of unaccepted shares by Registrar29 May 2023
Extinguishment of accepted shares7 June 2023

Welspun India Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Welspun India Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

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 2020FY 2021FY 2022
Total Expenses6,185.216,639.318,504.47
Net income 524.36550.79606.70
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 120
Maximum shares for small shareholder (2,00,000/120)1,667 shares *
Closing price of stock as on 27 April 2023INR 87.06**
Maximum amount invested in buyback (INR 87.06 x 1,667 shares)INR 1,45,129.02
* 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 India Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1,667103103 (100%)3,392.822.34
1,667103206 (200%)6,785.644.68
1,667103309 (300%)10,178.467.01

Registrar of Welspun India Buyback 2023

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 India Buyback 2023

One BKC, Tower C,
15th Floor, Unit No.1511,
Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Email: [email protected]
Website: 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.


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