The Orbit Exports date has been confirmed from February 20, 2024 – February 26, 2024. Read the post to learn about Orbit Exports Buyback.
The company operates in several industries, including women’s clothes, Christmas crafts, and home decor. Orbit Exports Ltd. is a small-cap firm that produces and exports luxury fabrics and home textiles. The company is separated into two segments: Home Textiles and Fashion Fabrics.
Start your investing journey today. Find the latest information on Upcoming Buyback.
Key Details Of Orbit Exports Buyback:
Bidding Dates
Feb 20-26
Buyback Price
₹250 per share
Face Value
₹10 per share
Record Date
February 13, 2024
Orbit Exports Buyback
The Orbit Exports Buyback Price is ₹250 per share.
IPO Overview
Orbit Exports Ltd, established in 1983, specialises in weaving high-end jacquard and dobby fabrics for women’s clothing and home textiles. The company operates in several industries, including women’s clothes, Christmas crafts, and home decor. Orbit Exports Ltd. is a small-cap firm producing and exporting luxury fabrics and home textiles. The company is separated into two segments: Home Textiles and Fashion Fabrics. Orbit has a global presence, creating significant businesses in the United States, America, Latin America, Africa, Europe, and the Far East.
The Basis of Allotment document of Orbit Exports Buyback 2024 provide detail about how many valid applications/request recieved for buyback Shares, how many shares are alocated to investor in category including Retail, NII, QIB, Employee and Shareholders.
Orbit Exports Buyback Detail
| Issue Period | February 20, 2024 – February 26, 2024 |
| Security Name | Orbit Exports Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 600,000 (2.22 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹15.00 Crores |
| Buyback Price | ₹250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Orbit Exports Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 287.03 | 279.09 | 226.16 |
| Revenue | 200.25 | 131.17 | 73.07 |
| Profit After Tax | 34.38 | 17.80 | 2.38 |
| Net Worth | 217.86 | 194.59 | 176.86 |
| Reserves and Surplus | 190.37 | 167.57 | 149.98 |
| Total Borrowing | 25.37 | 39.17 | 14.37 |
| Amount in ₹ Crore | |||
Orbit Exports Buyback Issue Timetable
| Last Date to buy shares | February 12, 2024 |
| Record Date | February 13, 2024 |
| Offer Opens On | February 20, 2024 |
| Last Date for receipt of Tender Forms | February 26, 2024 |
| Offer Closes On * | February 26, 2024 |
| Finalisation of Buyback Acceptance | March 1, 2024 |
| Last Date for settlment of bids | March 4, 2024 |
| Last Date for Extinguishment of Shares | March 14, 2024 |
Company Profile
Necessity of the Issue
Founded in 1983, Orbit Exports Ltd. specializes in weaving high-end jacquard and dobby fabrics for women’s wear and home textiles. The company operates across multiple verticals, including women’s apparel, Christmas crafts, and home decor. Orbit Exports Ltd is a small-cap company that manufactures and exports luxury fabrics and home textiles.
The Buyback is being undertaken for the following objectives:
- Improve the valuation of the company and fair valuation of the share price.
- Enhancing the overall return to shareholders in the long run.
- Creating long-term value for shareholders.
- Improving the fundamental ratios of the company.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Orbit Exports Limited |
| Phone number | +91-22-6625 6262 |
| Email ID | [email protected] |
| Website | orbitexports.com |
IPO Strengths
- 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.
Orbit Exports IPO FAQs
Which is the last day to buy Orbit Exports Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is February 12, 2024.
What is the offer price for Orbit Exports Buyback 2024 offer?
The Orbit Exports Buyback 2024 is being offered at Rs ₹250 per share per equity share.
What is the record date for Orbit Exports Buyback 2024 offer?
The record date for the Orbit Exports Buyback 2024 is February 13, 2024.
What is the issue size of Orbit Exports Buyback 2024?
The issue size of Orbit Exports Buyback 2024 is of 600,000 equity shares at ₹250 per share aggregating upto ₹15.00 Crores.
What is the necessity for Orbit Exports Buyback 2024?
The Buyback is being undertaken for the following objectives:
- Improve the valuation of the company and fair valuation of the share price.
- Enhancing the overall return to shareholders in the long run.
- Creating long-term value for shareholders.
- Improving the fundamental ratios of the company.
- Exit option to shareholders particularly small shareholders at a premium over market price.
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