The Welspun India Buyback date has been Recorded on May 10, 2023. Read the post to learn about Welspun India Buyback.
Welspun India buyback 2023 was announced on April 27, 2023. The start date for the Welspun India buyback will be announced soon. The record date for the Welspun India buyback is not set as of May 10, 2023. To be eligible for the buyback, the investor must purchase Welspun India
Start your investing journey today. Find the latest information on Upcoming Buyback.
Key Details Of Welspun India Buyback
Record Dates
May 10, 2023
Buyback Price
₹120 per equity share
Face Value
₹1 per share
Offer Closes On
May 22, 2023
Welspun India Buyback Price
The Welspun India Buyback price is ₹[120 per equity share ].
Welspun India Buyback Overview
Welspun India Limited, headquartered in Mumbai, Maharashtra, is a renowned textile company. As the flagship company of the Welspun Group, it specializes in the production and distribution of home textiles. Its diverse range of products includes utility bedding, bed sheets, and fashion bedding. Additionally, Welspun India also provides innovative flooring solutions through its Spunlace, Needlepunch, and Wet Wipes product categories.
Welspun India Share Buyback 2023 Details
| Buyback Meeting Date: | April 27, 2023 |
| Buyback Announcement Date: | April 27, 2023 |
| Buyback Record Date: | May 10, 2023 |
| Last Date to Buy Shares: | May 8, 2023 |
| Buyback Open Date: | May 16, 2023 |
| Buyback Close Date: | May 22, 2023 |
| Finalization of Buyback Acceptance: | May 26, 2023 |
Welspun India Buyback 2023 Offer Details
| Offer Amount: | ₹195 Crores |
| Number of Shares: | 16,250,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹120 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
Welspun India Buyback 2023 Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,46,696 | 550 | ₹17,600 |
| 50% | ₹1,46,696 | 834 | ₹26,688 |
| 75% | ₹1,46,696 | 1250 | ₹40,000 |
| 100% | ₹1,46,696 | 1667 | ₹53,344 |
Welspun India Financial Report
| Year | Revenue | Expense | PAT |
| 2020 | ₹6741 | ₹5526 | ₹524 |
| 2021 | ₹7340 | ₹5988 | ₹521 |
| 2023 | ₹9311 | ₹7950 | ₹607 |
Company Profile
The Welspun Group, headquartered in Mumbai, is a renowned textile company. It has established its presence in more than 50 countries and boasts a team of over 26,000 skilled home textile manufacturers in India. Their diverse product line includes bedding, bed sheets, fashion bedding, and flooring solutions. With a rich experience of over 35 years, they have emerged as a global leader in the home textiles industry. Notably, they hold the distinction of being Asia’s second largest terry towel manufacturer. The Welspun Group is also recognized as one of India’s fastest-growing multinational corporations, operating across various sectors such as line pipes, home textile products, infrastructure, warehousing, steel, oil and gas, advanced textiles, and flooring solutions.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | https://linkintime.co.in |
Contact Details
| Name | Welspun India Buyback Limited |
| Phone number | +91 22 6613 6000 |
| Email ID | [email protected] |
| Website | https://www.welspunindia.com |
Buyback Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
Buyback 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.
Welspun India Buyback FAQs
Which is the last day to buy Welspun India Buyback 2023 for buyback?
Last date to be eligible to participate in buyback is May 9, 2023.
What is the record date for Welspun India Buyback 2023 offer?
The record date for the Welspun India Buyback 2023 is May 10, 2023.
What is the issue size of Welspun India Buyback 2023?
The issue size of Welspun India Buyback 2023 is of 16,250,000 equity shares at ₹120 per share aggregating upto ₹195.00 Crores.
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