Garware Technical Fibres of ₹199.50 crores approved by the board of directors at the meeting was held on January 29, 2024. Garware Technical Fibres will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price of ₹3800 per Equity Share and for an aggregate amount not exceeding ₹199.50 crores from the shareholders. Check out Garware Technical Fibres Buyback 2024 details below:
Garware Technical Fibres is one of India’s leading players in the technical textiles sector. Established in 1976, the company today is a multi-divisional, multi-geographical technical textiles company and is known for providing world class innovative solutions in high performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes and geosynthetics. A thrust on international business over the years has seen Garware Technical Fibres global footprint growing steadily. We have six overseas offices and customers in over 75 countries.
Garware Technical Fibres History
- N/A
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: | April 12, 2024 |
Garware Technical Fibres Buyback 2024 Offer Details
Garware Technical Fibres of 525,000 equity shares at a price of ₹3800 per equity share. The buyback offers not to exceed ₹199.50 crores of the total buyback offer size.
| Offer Amount: | ₹199.50Crores |
| Number of Shares: | 525,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹3800 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Garware Technical Fibres Buyback 2024 Acceptance Ratio
The investor should buy around 52.63 shares at a current market price of ₹3342 (as of date). The calculation will be ₹2,00,000 / ₹3800 buyback price = 53.63 shares.
| 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 should have shares of Garware Technical Fibres Limited in Demat or physical form as on the record date [12-03-2024].
Once you have shares in Demat, you can participate in the buyback process which is opening from [To be updated] by selling your shares through your broker on NSE or BSE.
Then , the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Garware Technical Fibres Buyback 2024 Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Garware Technical Fibres Buyback 2024 Lead Managers
- Motilal Oswal Investment Advisors Limited
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 through Zerodha?
Log in to the Console in the Zerodha Website or in the 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 submit Garware Technical Fibres Application Form.
How to Apply the Garware Technical Fibres through Upstox?
Log in to Upstox Application 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 submit Garware Technical Fibres Application Form.
How to Apply the Garware Technical Fibres through Garware Technical Fibres Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Garware Technical Fibres. Enter your Quantity and submit Garware Technical Fibres Application Form.
