Orbit Exports Limited Buyback

Orbit Exports Buyback 2024
Tender Offer

₹250.00

Buyback price per share

12 Feb, 2024

Last Date to buy shares

13 Feb, 2024

Record Date

20 Feb, 2024

Offer Opens

26 Feb, 2024

Offer Closes

26 Feb, 2024

Last Date for Tender Forms

01 Mar, 2024

Finalisation of Buyback Acceptance

04 Mar, 2024

Last Date for settlement of bids

14 Mar, 2024

Last Date for Extinguishment of Shares

About Orbit Exports Limited Buyback Company

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.

Security Name Orbit Exports Limited
Buyback Price ₹250.00
Face Valuet ₹10.00
Listing at Group BSE, NSE
Lead Manager Saffron Capital Advisors Private Limited
Issue Size 600,000 (2.22 % of Total number of equity Shares)
Buyback Docs Letter Of Offer

Orbit Exports Limited Buyback Ratio

Categoryy	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	6/97	90000
General Category for all other Eligible Shareholders	1/50	510000

Orbit Exports Limited Buyback Company Financials

All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Profit After Tax	34.38	17.80	2.38
Total Assets	287.03	279.09	226.16
Reserves And Surplus	190.37	167.57	149.98
Total Borrowing	25.37	39.17	14.37
Net Worth	217.86	194.59	176.86
Total Revenue	200.25	131.17	73.07

How to Participate in Orbit Exports Limited Buyback?

Hold shares on Record Date

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.

Tender via Broker or Exchange

Once you have shares in Demat, you can participate in the buyback process which is opening from Feb 20, 2024 by tendering your shares through your broker on BSE, NSE.

Receive Payment & Reversal

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 Buyback 2026

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 instead 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	Amount Invested in Buyback	No. of Shares Buyback	Buyback Profit	Profit%
33%	₹153,800.00	264	15246	9.91%
50%	₹153,800.00	400	23100	15.02%
75%	₹153,800.00	600	34650	22.53%
100%	₹153,800.00	800	46200	30.04%

Amount Invested in Buyback: ₹153,800.00

33% Acceptance Ratio

Shares Buyback: 264

Buyback Profit: 15246

Profit %: 9.91%

50% Acceptance Ratio

Shares Buyback: 400

Buyback Profit: 23100

Profit %: 15.02%

75% Acceptance Ratio

Shares Buyback: 600

Buyback Profit: 34650

Profit %: 22.53%

100% Acceptance Ratio

Shares Buyback: 800

Buyback Profit: 46200

Profit %: 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.

Contact Details

Orbit Exports Limited Buyback

122, MISTRY BHAVAN, 2ND FLOOR, NEAR K C COLLEGE, DINSHAW WACHHA ROAD, CHURCHGATE, MUMBAI 400 020.

+91-22-6625 6262

investors@orbitexports.com

https://orbitexports.com/

Registrar Contact Details

Link Intime India Private Ltd

orbitexports.buyback@linkintime.co.in

+91-22-4918 6270

https://linkintime.co.in/initial_offer/public-issues.html