Garware Technical Fibres of ₹199.50 crores authorized by way of the board of administrators on the assembly used to be hung on January 29, 2024. Garware Technical Fibres might be carried out by way of the Tender Offer path during the inventory trade mechanism. The board of administrators of the corporate authorized the buyback by way of the Company of its absolutely paid-up fairness stocks having a face worth of ₹10 every fairness proportion at a worth of ₹3800 in keeping with Equity Share and for an combination quantity now not exceeding ₹199.50 crores from the shareholders. Check out Garware Technical Fibres Buyback 2024 main points underneath:
Garware Technical Fibres is one among India’s main gamers within the technical textiles sector. Established in 1976, the corporate nowadays is a multi-divisional, multi-geographical technical textiles corporate and is understood for offering international elegance cutting edge answers in top efficiency aquaculture cage nets, fishing nets, sports activities nets, protection nets, agricultural nets, covered materials, polymer ropes and geosynthetics. A thrust on world trade over time has observed Garware Technical Fibres world footprint rising incessantly. We have six in a foreign country places of work and consumers in over 75 international locations.
Garware Technical Fibres History
Garware Technical Fibres Buyback 2024 Dates
Buyback Meeting Date: | January 29, 2024 |
Buyback Announcement Date: | January 29, 2024 |
Buyback Record Date: | March 12, 2024 |
Last Date to Buy Shares: | March 22, 2024 |
Buyback Open Date: | March 18, 2024 |
Buyback Close Date: | March 25, 2024 |
Finalization of Buyback Acceptance: | – |
Garware Technical Fibres Buyback 2024 Offer Details
Garware Technical Fibres of 525,000 fairness stocks at a value of ₹3800 in keeping with fairness proportion. The buyback provides to not exceed ₹199.50 crores of the whole buyback be offering dimension.
Offer Amount: | ₹199.50Crores |
Number of Shares: | 525,000 Equity Shares |
Face Value: | ₹10 in keeping with fairness proportion |
Buyback Price: | ₹3800 in keeping with fairness proportion |
Listing: | BSE, NSE |
Buyback Type: | Tender Offer |
Letter of Offer: | Click Here |
Garware Technical Fibres Buyback 2024 Acceptance Ratio
The investor must purchase round 52.63 stocks at a present marketplace worth of ₹3342 (as of date). The calculation might be ₹2,00,000 / ₹3800 buyback worth = 53.63 stocks.
Acceptance Ratio | Investment | Shares Buyback | Profit |
33% | ₹190320 | 17 | ₹2380 |
50% | ₹190320 | 26 | ₹3640 |
75% | ₹190320 | 39 | ₹5460 |
100% | ₹190320 | 52 | ₹7280 |
Garware Technical Fibres Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹1035 | ₹830 | ₹158 |
2022 | ₹1189 | ₹966 | ₹165 |
2023 | ₹1306 | ₹1076 | ₹172 |
How to Participate in Garware Technical Fibres Buyback 2024
Firstly, to be eligible for the buyback the investor must have stocks of Garware Technical Fibres Limited in Demat or bodily shape as at the document date [12-03-2024].
Once you will have stocks in Demat, you’ll be able to take part within the buyback procedure which is opening from [To be updated] by way of promoting your stocks thru your dealer on NSE or BSE.
Then , the cost might be given to you for authorized stocks and unaccepted stocks might be returned for your Demat account.
Garware Technical Fibres Buyback 2024 Registrar
To be up to date quickly
Garware Technical Fibres Buyback 2024 Lead Managers
Garware Technical Fibres Company Address
Garware Technical Fibres Limited
Plot No. 11, Block D-L
M.I.D.C.,Chinchwad,
Pune-411 019,
Phone: +91 20 2799 0000
Email: [email protected]
Website: https://www.garwarefibres.com/
How to Apply the Garware Technical Fibres thru Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Garware Technical Fibres”. Click on Place Order. Enter your Quantity and put up Garware Technical Fibres Application Form.
How to Apply the Garware Technical Fibres thru Upstox?
Log in to Upstox Application along with your credentials. Select the Garware Technical Fibres. You will see the Company Name “Garware Technical Fibres”. Click on Garware Technical Fibres Stock for Buyback. Enter your Quantity and put up Garware Technical Fibres Application Form.
How to Apply the Garware Technical Fibres thru Garware Technical Fibres Paytm Money?
Log in to Paytm Money Application along with your credentials. Select the Garware Technical Fibres. Enter your Quantity and put up Garware Technical Fibres Application Form.
Garware Technical Fibres Buyback 2024 FAQs
When is Garware Technical Fibres Buyback 2024 Record Date?
Garware Technical Fibres Buyback 2024 document date is March 12,2024 .
When is Garware Technical Fibres Buyback 2024 Open Date?
What is Garware Technical Fibres Buyback 2024 Price?
How to use for Garware Technical Fibres Buyback 2024?
– Source : IPOWATCH