Weizmann of ā¹5.84 crores approved by the board of directors at the meeting was held on August 20, 2024. Weizmann 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 ā¹10 each equity share at a price of ā¹160 per Equity Share and for an aggregate amount not exceeding ā¹5.84 crores from the shareholders. Check out Weizmann Buyback 2024 details below:
Weizmann Limited is the parent company in charge of the Weizmann Group and this focuses on Textile Processing and Exports, Fin-Tech, and Renewable Energy among other things. This company began in the textile industry but expanded later into money transfer services and housing finance. They also ventured into renewable energy by manufacturing NedWind, Wind Electric Generators as well as Karma Energy. The company restructured regularly, exiting the Wind Electric Generator manufacturing business in 2000. In 2009-10, the group merged Weizmann Forex and Karma Energy. After that, the group transferred its stake in Weizmann Forex Limited to Ebix Group and now it is focusing mainly on textile processing activities.
Weizmann History
- N/A
Weizmann Buyback 2024 Dates
| Buyback Meeting Date: | August 20, 2024 |
| Buyback Announcement Date: | August 20, 2024 |
| Buyback Record Date: | August 30, 2024 |
| Last Date to Buy Shares: | August 29, 2024 |
| Buyback Open Date: | September 5, 2024 |
| Buyback Close Date: | September 11, 2024 |
| Finalization of Buyback Acceptance: | September 17, 2024 |
Weizmann Buyback 2024 Offer Details
Weizmann of 365,169 equity shares at a price of ā¹160 per equity share. The buyback offers not to exceed ā¹5.84 crores of the total buyback offer size.
| Offer Amount: | ā¹5.84 Crores |
| Number of Shares: | 365,169 Equity Shares |
| Face Value: | ā¹10 per equity share |
| Buyback Price: | ā¹160 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Weizmann Buyback 2024 Acceptance Ratio
The investor should buy around 1250 shares at a current market price of ā¹136 (as of date). The calculation will be ā¹2,00,000 / ā¹160 buyback price = 1250 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ā¹170000 | 412 | ā¹9888 |
| 50% | ā¹170000 | 625 | ā¹15000 |
| 75% | ā¹170000 | 937 | ā¹22488 |
| 100% | ā¹170000 | 1250 | ā¹30000 |
Weizmann Financial Report
| ā¹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ā¹102.31 | ā¹97.56 | ā¹2.88 |
| 2023 | ā¹135.57 | ā¹126.71 | ā¹6.12 |
| 2024 | ā¹123.47 | ā¹111.53 | ā¹9.58 |
How to Participate in Weizmann Buyback 2024
The investors are eligible for the buyback scheme who have Weizmann shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Weizmann Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Weizmannepted shares by the company under the Weizmann scheme.
Weizmann Buyback 2024 Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Weizmann Buyback 2024 Lead Managers
- Saffron Capital Advisors Private Limited
Weizmann Company Address
Weizmann Limited
214, Empire House, Dr. D. N. Road,
Ent. A. K. Nayak Marg,
Fort, Mumbai- 400001
Phone: 022-22071501
Email: [email protected]
Website: https://www.weizmann.co.in/
How to Apply the Weizmann through 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 “Weizmann”. Click on Place Order. Enter your Quantity and submit Weizmann Application Form.
How to Apply the Weizmann through Upstox?
Log in to Upstox Application with your credentials. Select the Weizmann. You will see the Company Name “Weizmann”. Click on Weizmann Stock for Buyback. Enter your Quantity and submit Weizmann Application Form.
How to Apply the Weizmann through Weizmann Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Weizmann. Enter your Quantity and submit Weizmann Application Form.
