Weizmann Limited Buyback
Weizmann Buyback 2024
Tender Offer
₹160.00
Buyback price per share29 Aug, 2024
Last Date to buy shares30 Aug, 2024
Record Date05 Sep, 2024
Offer Opens11 Sep, 2024
Offer Closes11 Sep, 2024
Last Date for Tender Forms17 Sep, 2024
Finalisation of Buyback Acceptance19 Sep, 2024
Last Date for settlement of bids30 Sep, 2024
Last Date for Extinguishment of SharesAbout Weizmann Limited Buyback Company
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 Limited
- Buyback Price ₹160.00
- Face Valuet ₹10.00
- Listing at Group BSE, NSE
- Lead Manager Saffron Capital Advisors Private Limited
- Issue Size 365,169 (2.3 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Weizmann Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 33/776 | 62763 |
| General Category for all other Eligible Shareholders | 33/776 | 302406 |
Weizmann Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Revenue | 123.47 | 135.57 | 102.31 |
| Total Assets | 97.20 | 101.87 | 109.44 |
| Reserves And Surplus | 49.18 | 40.51 | 35.60 |
| Profit After Tax | 9.58 | 6.12 | 2.88 |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
How to Participate in Weizmann Limited Buyback?
Calculation of Investment in Weizmann Limited Buyback Buyback 2026
* 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 | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹172,137.50 | 412 | 9183 | 5.33% |
| 50% | ₹172,137.50 | 625 | 13931 | 8.09% |
| 75% | ₹172,137.50 | 937 | 20885 | 12.13% |
| 100% | ₹172,137.50 | 1250 | 27862 | 16.19% |
Amount Invested in Buyback: ₹172,137.50
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.
Contact Details
Weizmann Limited Buyback
214, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai- 400001
022-22071501
contact@weizmann.co.in
Registrar Contact Details
Bigshare Services Pvt Ltd
buybackoffer@bigshareonline.com
+91-22-6263 8200