Garware Technical Fibres Buyback 2022 announced on 14 October 2022. The Garware Technical Fibres buyback to start from 05 December 2022 and closes on 16 December 2022. The Company will do Buyback with equity of 2,40,000 Equity Shares around 1.16% of Face Value ₹10/ Each Fully paid off at a Price Of ₹3,750//- Per Equity. The size of this Buyback is about ₹90 Crores. And this will be done through a Buyback Tender Offer.
Garware-Wall Ropes (GWRL) is one of India’s leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. Established in 1976, the company today is a multi-divisional, multi-geographical technical textile company. The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics. The company Global presence with customers spread across 75 countries.
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Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
- The Buyback may help in improving the Company’s return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
Garware Technical Fibres Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 04 November 2022 |
| Buyback Offer Amount | ₹90.00 Cr |
| Date of Board Meeting approving the proposal | 14 October 2022 |
| Date of Public Announcement | 22 October 2022 |
| Buyback Offer Size | 1.16% |
| Buyback Number of Shares | 2,40,000 |
| Listing | NSE, BSE |
| Face Value | ₹10/- |
| Buyback Price | ₹3750/- per share. |
Garware Technical Fibres Buyback 2022 Dates :
We have covered all important dates related to “Garware Technical Fibres Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 14 October 2022 |
| Buyback Approval date | 14 October 2022 |
| Public Announcement Date | 22 Octobe 2022 |
| Buyback Record Date | 04 November 2022 |
| Buyback Opening Date | 05 December 2022 |
| Buyback Closing Date | 16 December 2022 |
Garware Technical Fibres Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,189 | ₹966 | ₹165 |
| 2021 | ₹1,035 | ₹830 | ₹158 |
| 2020 | ₹953 | ₹775 | ₹141 |
| 2019 | ₹1,018 | ₹826 | ₹126 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai
Maharashtra, India 400 083
Tel No.: +91 810 811 4949
Fax No.: +91 22 4918 6195
Email: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.linkintime.co.in
Manager of The Buyback :
Ambit Private Limited
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Tel: +91 (22) 6623 3030,
Fax: +91 (22) 6623 3020
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.ambit.co
Company Address :
Garware Technical Fibres Limited
Plot No. 11, Block D-1, MIDC,
Chinchwad, Pune – 411 019
Tel: +91 020 2799 0224
E-mail: [email protected]
Website: www.garwarefibres.com
How to Participate in Garware Technical Fibres Ltd buyback?
The Investors are eligible for the buyback scheme who have Garware Technical Fibres shares in their Demat account as the Record date is 04 November 2022 as the offer is Tender Offer. Investors can participate in the Garware Technical Fibres Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Garware Technical Fibres buyback scheme.
How to apply for Garware Technical Fibres buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Garware Technical Fibres and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Garware Technical Fibres buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Garware Technical Fibres Buyback in the search option.
- You can see Garware Technical Fibres buyback result in search option tap on the Garware Technical Fibres buyback.
- You will reach the Garware Technical Fibres buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Garware Technical Fibres buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Garware Technical Fibres stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
How to apply for Garware Technical Fibres buyback online on Linkintime?
You can apply for the buyback from Linkintime, follow the few steps below:
- Visit the official Linkintime website.
- Choose Investor service Option and then click Offer buyback. (Direct Link)
- Click drag down menu and select your buyback stock.
- Enter you choose Demat DPID Or Pan Number Or Foilio Number.
- Click Submit button.
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Garware Technical Fibres Buyback 2022 FAQs:
When is Garware Technical Fibres Buyback Announcement Date?
Garware Technical Fibres buyback 2022 announcement date is 14 October 2022.
When is Garware Technical Fibres Buyback Open Date?
Garware Technical Fibres buyback Open date is 05 December 2022.
When is Garware Technical Fibres Buyback Close Date?
Garware Technical Fibres buyback Close date is 16 December 2022.
When is Garware Technical Fibres Buyback Record Date?
Garware Technical Fibres buyback 2022 Record date is 04 November 2022 as the offer is Tender Offer.
What is Garware Technical Fibres Buyback Price?
Garware Technical Fibres company has fixed the price at ₹3750 per share.
What is Garware Technical Fibres Buyback Offer Size?
Garware Technical Fibres company Buyback Offer Size is ₹90 Cr.
How to apply for Garware Technical Fibres Buyback 2022?
As per the record date you need to have Garware Technical Fibres shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.