Orbit Exports Limited Buyback
Orbit Exports Buyback 2024
Tender Offer
₹250.00
Buyback price per shareAbout Orbit Exports Limited Buyback
Founded in 1983, Orbit Exports Ltd is a company that specializes in weaving high-end jacquard and dobby fabrics for women's wear and home textiles.
The company operates across multiple verticals, including women's apparel, Christmas crafts, and home decor. Orbit Exports Ltd is a small-cap company that manufactures and exports luxury fabrics and home textiles.
The business is divided into two segments - Home Textiles and Fashion Fabrics.
Orbit has a global reach, with the company having established prolific operations in the USA, Latin America, Africa, Europe and the Far East.
Orbit Exports Limited Buyback Details
Security Name
Orbit Exports LimitedBuyback Price
₹250.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Saffron Capital Advisors Private LimitedBuyback Docs
Letter Of OfferIssue Size
600,000 (2.22 % of Total number of equity Shares)Orbit Exports Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Feb 12, 2024 | Feb 13, 2024 | Feb 20, 2024 | Feb 26, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Feb 26, 2024 | Mar 1, 2024 | Mar 4, 2024 | Mar 14, 2024 |
Orbit Exports Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 6/97 | 90000 |
| General Category for all other Eligible Shareholders | 1/50 | 510000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Borrowing | 25.37 | 39.17 | 14.37 |
| Total Revenue | 200.25 | 131.17 | 73.07 |
| Profit After Tax | 34.38 | 17.80 | 2.38 |
| Total Assets | 287.03 | 279.09 | 226.16 |
| Net Worth | 217.86 | 194.59 | 176.86 |
| Reserves And Surplus | 190.37 | 167.57 | 149.98 |
How to Participate in Orbit Exports Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Orbit Exports Limited Buyback in Demat or physical form as on the record date Feb 13, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Feb 20, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Mar 14, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Orbit Exports Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹250.00 |
Maximum share for small shareholders (200000/ 250) | 800.00 share |
Closing price of stock as of 2024-02-01 | ₹192.25 |
Maximum amount insted in buyback (₹192.25 x 800 shares) | ₹153,800.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Feb 1, 2024
Expected Profit from the Orbit Exports Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹153,800.00 | ₹153,800.00 | ₹153,800.00 | ₹153,800.00 |
No. of Shares Buyback | 264 | 400 | 600 | 800 |
Buyback Profit | 15246 | 23100 | 34650 | 46200 |
Profit% | 9.91% | 15.02% | 22.53% | 30.04% |
Orbit Exports Limited Buyback - Necessity of the Objective
The Buyback is being undertaken for the following objectives:
Improve the valuation of the company and fair valuation of the share price.
Enhancing the overall return to shareholders in the long run.
Creating long-term value for shareholders.
Improving the fundamental ratios of the company.
Exit option to shareholders particularly small shareholders at a premium over market price.
Orbit Exports Limited Buyback
122, MISTRY BHAVAN, 2ND FLOOR, NEAR K C COLLEGE, DINSHAW WACHHA ROAD, CHURCHGATE, MUMBAI 400 020.Email: investors@orbitexports.com
Phone: +91-22-6625 6262
Website: https://orbitexports.com/
Link Intime India Private Ltd
Email: orbitexports.buyback@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
