SP Apparels Buyback 2022 announced on 21 September 2022. The SP Apparels buyback to start from 03 November 2022 and closes on 17 November 2022. The Company will do Buyback with equity of 6,00,000 Equity Shares around 5.85% of Face Value ₹10/ Each Fully paid off at a Price Of ₹585/- Per Equity. The size of this Buyback is about ₹35.10 Crores. And this will be done through a Buyback Tender Offer.
S.P. Apparels Ltd is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at the integrated facilities that allow providing end-to-end garment manufacturing services from greige fabric to finished products. These are manufactured at our integrated facilities that allow us to provide end-to-end garment manufacturing services from greige fabric to finished products.
The company also manufacture and retail menswear garments in India under the brand ‘Crocodile’. The company provides end-to-end garment manufacturing from greige fabric to finished products including bodysuits, sleepsuits, tops, and bottoms.
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The company believe our core competency lies in our clear understanding of the specifications of knitted garments in the infants and children category, the buying preferences of our customers and our ability to deliver products of a consistent high quality that meet the product specifications and stringent compliance requirements of our international customers. Our long-standing relationship with our major customers has been one of the most significant factors contributing to our growth.
Necessity of the Issue :
- The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders.
- The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders’ value.
SP Apparels Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 07 October 2022 |
| Buyback Offer Amount | ₹31.10 Cr |
| Date of Board Meeting approving the proposal | 21 September 2022 |
| Date of Public Announcement | 21 September 2022 |
| Buyback Offer Size | 5.68% |
| Buyback Number of Shares | 6,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹585/- per share. |
SP Apparels Buyback 2022 Dates :
We have covered all important dates related to “SP Apparels Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 21 September 2022 |
| Buyback Approval date | 21 September 2022 |
| Public Announcement Date | 21 September 2022 |
| Buyback Record Date | 07 October 2022 |
| Buyback Opening Date | 03 November 2022 |
| Buyback Closing Date | 17 November 2022 |
SP Apparels Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹868.92 | ₹707.69 | ₹84.69 |
| 2021 | ₹653.69 | ₹547.96 | ₹43.17 |
| 2020 | ₹832.67 | ₹725.81 | ₹46.91 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200
Facsimile: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Manager of The Buyback :
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel. No.: +91 22 7193 4380
Email:[email protected]
Investor Grievance E-mail: [email protected]
Website: www.motilaloswalgroup.com
Company Address :
S.P. Apparels Limited
39-A, Extension Street, Kaikattipudur,
Avinashi, Tirupur, Tamil Nadu, 6410654
Tel: (+910) 4296 714000
Facsimile: (+910) 4296-714281
Email: [email protected]
Website: www.spapparels.com
How to Participate in SP Apparels Ltd buyback?
The Investors are eligible for the buyback scheme who have SP Apparels shares in their Demat account as the Record date is 07 october 2022 as the offer is Tender Offer. Investors can participate in the SP Apparels 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 SP Apparels buyback scheme.
How to apply for SP Apparels 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 SP Apparels and then Place order.
- Enter the quantity and tap on Submit.
How to apply for SP Apparels 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 SP Apparels Buyback in the search option.
- You can see SP Apparels buyback result in search option tap on the SP Apparels buyback.
- You will reach the SP Apparels buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for SP Apparels 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 SP Apparels 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 SP Apparels 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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SP Apparels Buyback 2022 FAQs:
When is SP Apparels Buyback Announcement Date?
SP Apparels buyback 2022 announcement date is 21 September 2022.
When is SP Apparels Buyback Open Date?
SP Apparels buyback Open date is 03 November 2022.
When is SP Apparels Buyback Close Date?
SP Apparels buyback Close date is 17 November 2022.
When is SP Apparels Buyback Record Date?
SP Apparels buyback 2022 Record date is 07 October 2022 as the offer is Tender Offer.
What is SP Apparels Buyback Price?
SP Apparels company has fixed the price at ₹585 per share.
What is SP Apparels Buyback Offer Size?
SP Apparels company Buyback Offer Size is ₹32.10 Cr.
How to apply for SP Apparels Buyback 2022?
As per the record date you need to have SP Apparels shares in your Demat account. You can participate in buyback after having the stock in your account.
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