The Orbit Exports date has been confirmed from February 20, 2024 – February 26, 2024.
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.
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Bidding Dates
Feb 20-26
Buyback Price
₹250 per share
Face Value
₹10 per share
Record Date
February 13, 2024
Orbit Exports IPO GMP
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 that produces and exports luxury fabrics and home textiles. The company is separated into two segments: Home Textiles and Fashion Fabrics. Orbit has a global presence, having created significant businesses in the United States, Latin America, Africa, Europe, and the Far East.
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
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 | orbitexports.buyback@linkintime.co.in |
Website | linkintime.co.in |
Contact Details
Name | Orbit Exports Limited |
Phone number | +91-22-6625 6262 |
Email ID | investors@orbitexports.com |
Website | orbitexports.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.