Weizmann Limited Buyback
Weizmann Buyback 2024
Tender Offer
₹160.00
Buyback price per shareAbout Weizmann Limited Buyback
Weizmann Limited is currently involved in textile processing. The company operates a composite textile processing and manufacturing facility on 15,175 square meters of land at Vatva Road, Narol, Ahmedabad. The facility can manufacture 24 million meters per annum. Weizmann Limited's primary focus is on the African market, and the company has been exporting to the African continent for the past 25 years. The product range for Africa includes cotton voiles, percale, and African prints.
The company has invested in research and development and has successfully developed technology to emboss textiles after printing. It has also created a unique tie-and-dye effect in its export products. The company strongly focuses on the quality control process and has been recognized by the Government of India as a One Star Export House under the EXIM Policy.
Weizmann Limited Buyback Details
Security Name
Weizmann LimitedBuyback Price
₹160.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Saffron Capital Advisors Private LimitedBuyback Docs
Letter Of OfferIssue Size
365,169 (2.3 % of Total number of equity Shares)Weizmann Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 29, 2024 | Aug 30, 2024 | Sep 5, 2024 | Sep 11, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 11, 2024 | Sep 17, 2024 | Sep 19, 2024 | Sep 30, 2024 |
Weizmann Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 33/776 | 62763 |
| General Category for all other Eligible Shareholders | 33/776 | 302406 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Profit After Tax | 9.58 | 6.12 | 2.88 |
| Reserves And Surplus | 49.18 | 40.51 | 35.60 |
| Total Revenue | 123.47 | 135.57 | 102.31 |
| Net Worth | -- | -- | -- |
| Total Assets | 97.20 | 101.87 | 109.44 |
| Total Borrowing | -- | -- | -- |
How to Participate in Weizmann Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Weizmann Limited Buyback in Demat or physical form as on the record date Aug 30, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 5, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 30, 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 Weizmann Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹160.00 |
Maximum share for small shareholders (200000/ 160) | 1250.00 share |
Closing price of stock as of 2024-08-20 | ₹137.71 |
Maximum amount insted in buyback (₹137.71 x 1250 shares) | ₹172,137.50 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 20, 2024
Expected Profit from the Weizmann Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹172,137.50 | ₹172,137.50 | ₹172,137.50 | ₹172,137.50 |
No. of Shares Buyback | 412 | 625 | 937 | 1250 |
Buyback Profit | 9183 | 13931 | 20885 | 27862 |
Profit% | 5.33% | 8.09% | 12.13% | 16.19% |
Weizmann Limited Buyback - Necessity of the Objective
The buyback will help the company return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding.
The buyback consists of up to 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as small shareholders.
The buyback may help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Weizmann Limited Buyback
214, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai- 400001Email: contact@weizmann.co.in
Phone: 022-22071501
Website: https://www.weizmann.co.in/
Bigshare Services Pvt Ltd
Email: buybackoffer@bigshareonline.com
Phone: +91-22-6263 8200
Website: https://ipo.bigshareonline.com/ipo_status.html
