The Garware Technical Fibres Limited date has been confirmed from April 1, 2024 – April 5, 2024. Read the post to learn about Garware Technical Fibres Limited Buyback.
Products from GTF are utilised in the coated fabrics, geosynthetics, sports, aquaculture, transportation, and fishing industries. The suppleness and shock absorption of the company’s IR Nylon rope make it appropriate for uses where longevity is crucial.
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Key Details Of Garware Technical Fibres:
Bidding Dates
April 1-5
Buyback Price
₹3800 per share
Face Value
₹10 per share
Offer Closes On
April 5, 2024
Garware Technical Fibres Limited IPO GMP
The Garware Technical Fibres Limited Buyback Price is ₹3800 per share.
Garware Technical Fibres IPO Overview
Garware Technical Fibres (GTF) is a technical textiles manufacturer that was established in 1976 and produces nets, tarpaulins, and ropes.The business is well-known for its creative approaches to coated fabrics, synthetic ropes, geosynthetics, fishing nets, sports nets, safety nets, and aquaculture cage nets. Fishing, aquaculture, shipping, sports, agriculture, coated fabrics, and geosynthetics are among the industries that use products from GTF.
The company’s IR Nylon rope is appropriate for situations where durability is crucial because of its construction, which offers elasticity and shock absorption. The company is present in 75 countries and has six offices overseas. The business is the recipient of 27 issued patents. The business has obtained ISO 14001-2015 and ISO 9001: 2015 certification from BVC, UK.
Garware Technical Fibres Limited Buyback Detail
Issue Period | April 1, 2024 – April 5, 2024 |
Security Name | Garware Technical Fibres Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 525,000 |
Issue Size (Amount) | ₹199.50 Crores |
Buyback Price | ₹3800 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Garware Technical Fibres Limited Financial Information
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 1,493.17 | 1,415.08 | 1,318.88 | |
Revenue | 673.40 | 1,333.45 | 1,214.94 | 1,069.24 |
Profit After Tax | 95.44 | 172.20 | 164.78 | 158.40 |
Reserves and Surplus | 1,003.36 | 970.49 | 814.92 | |
Amount in ₹ Crore |
Garware Technical Fibres Limited Buyback Issue Timetable
Last Date to buy shares | March 22, 2024 |
Record Date | March 26, 2024 |
Offer Opens On | April 1, 2024 |
Last Date for receipt of Tender Forms | April 5, 2024 |
Offer Closes On * | April 5, 2024 |
Finalisation of Buyback Acceptance | April 12, 2024 |
Last Date for settlment of bids | April 15, 2024 |
Last Date for Extinguishment of Shares | April 25, 2024 |
Company Profile

Necessity of the Issue
Buyback is being undertaken, inter-alia, for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders; Regulations, would involve the allocation of the number of Equity Shares as per their entitlement or 15% of the number of Equity Shares to be
bought back whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as “small shareholders” as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
- The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback
- The Buyback may help in improving its earnings per share and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders’ value; and
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Registrar Info
Name | Link Intime India Private Ltd |
Phone number | +91-22-4918 6270 |
Email ID | garware.buyback2024@linkintime.co.in |
Website | linkintime.co.in |
Contact Details
Name | Garware Technical Fibres Limited |
Phone number | +91 20 2799 0000 |
Email ID | pune_admin@garwarefibres.com |
Website | garwarefibres.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Garware Technical Fibres Limited IPO FAQs

