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Incorporated in the year 1976, Garware Technical Fibres is one of the leading players of India in the technical textile sector. Currently, the company has footprints in 75+ countries where it provides world-class innovative solutions in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics.
Garware Technical Fibres Ltd is coming up with a buyback worth Rs 72.99 Cr. The size of the buyback is 3.17 Lakh shares which represent 1.45% of the total paid-up capital. The buyback price is set to Rs 2300 per share, which is 5.43% higher than the date of the announcement. Garware Technical Fibres Ltd buyback record date is 11th December 2020.
Below is the complete details about Garware Technical Fibres Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | 72.99 Cr |
| Buyback Number of Shares: | 3.17 Lakh |
| Buyback Price: | Rs 2300 |
| Buyback Offer Size (In %): | 1.45% |
| Total Share Capital: | 4,554.43 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Garware Technical Fibres Limited buyback offer? No
In this section we have covered all important dates related to Garware Technical Fibres Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 27th Nov 2020 |
| Buyback Approval date | 27th Nov 2020 |
| Public Announcement of Buyback | 2nd Dec 2020 |
| Record Date | 11th Dec 2020 |
| Buyback opens on/Buyback Opening Date | 19th Jan 2021 |
| Buyback closes on/Buyback Closing Date | 2nd Feb 2021 |
| Cut-off date to receive completed tender forms by Registrar | 4th Feb 2021 |
| Cut-off date for verification by the Registrar | 10th Feb 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
10th Feb 2021 |
| Last date of settlement of bids on the stock exchange | 11th Feb 2021 |
| Last date to return unaccepted shares by Registrar | 11th Feb 2021 |
| Last date of extinguishment of Equity Shares | 18th Feb 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Garware Technical Fibres Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 8.83% |
| Promoter-Indian | 53.02% |
| Non-Promoter-Institutions | 2.12% |
| Non-Promoter-Non-Institutions | 36.02% |
Garware Technical Fibres Limited Public Announcement >>Document
Garware Technical Fibres Limited Draft Letter of Offer >>Document
Garware Technical Fibres Limited Letter of Offer >>Document
Garware Technical Fibres Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 5 Equity Share out of every 38 fully paid-up Equity Share held on the Record Date. | 13.15 |
| General Category | 4 Equity Share out of every 305 fully paid-up Equity Share held on the Record Date | 1.31% |
For Garware Technical Fibres Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1861.10%, No. of Equity Shares reserved in Buyback was 2,69,782 where valid bid received for retail category was 50,20,902 which is 1861.10% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 11.76%, No. of Equity Shares reserved in Buyback was 47,609 where valid bid received for retail category was 5,599 which is 11.76%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Garware Technical Fibres Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Garware Technical Fibres Limited? How can I apply in Garware Technical Fibres Limited Buyback offer?Last Updated on 2021-02-11T09:48:47+00:00
