Established in 1976, Garware Technical Fibres Ltd is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. 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. Synthetic fabrics and Fiber and Industrial products contribute 85% and 15% to overall revenue respectively
As on 26th Feb 2024 company has a total net worth of Rs.11.19 bn.
Garware Technical Fibres Ltd Buy Back Opportunity in 2024
Company has approved the proposal for the buyback of Equity Shares at a price of Rs.3800/- per equity share up to an aggregate amount not exceeding Rs. 1.99bn from the shareholders of the Company on a proportionate basis through a tender offer.
| CMP (Rs) |
3518.25 |
| Buy Back Price (Rs) |
3800.0 |
| Acceptance Ratio* |
3.96% |
Buy Back Details
| Total no. of share to be bought |
5,25,000 |
| Total no of equity share |
2,03,78,169 |
| Buyback % of total equity share |
2.58% |
| Reserved for Retail* quota (15%) |
78,750 |
| Max share retail investor can buy^ |
52.63 |
| Record date |
12th March,2024 |
Company Info
| BB Code |
GARFIBRES IN EQUIT |
| ISIN |
INE276A01018 |
| 52 WKH(Rs.) |
3830.05 |
| 52 WKL(Rs |
2586.95 |
| Market Cap {INR Bn) |
72.77 |
Shareholding Pattern (%)
|
Dec-23 |
Sep-23 |
June-23 |
| Promoters |
52.70 |
52.70 |
52.70 |
| FII's |
8.77 |
8.58 |
8.62 |
| DII's(Rs |
10.19 |
9.62 |
8.76 |
| Public |
28.33 |
29.09 |
29.9 |
Acceptance and Profit & Loss Scenario
| No. of Shares to Buy* |
Total investment @ Rs.3518 |
Acceptance Ratio(%) |
Buyback no shares |
Value of accepated share via buy Buyback price share value at Rs.850 |
Left over Shares |
Profit/loss scenario post Buyback if client
sell remaining share |
| At Rs.2907 |
At Rs.3231 |
At Rs.3591 |
At Rs.3990 |
| 52 |
1,82,936 |
5 |
2.0 |
7,600 |
50 |
-16.39% |
-7.54% |
2.30% |
13.21% |
| 52 |
1,82,936 |
10 |
5.0 |
19,000 |
47 |
-14.93% |
-6.60% |
2.65% |
12.90% |
| 52 |
1,82,936 |
15 |
7.0 |
26,600 |
45 |
-13.95% |
-5.98% |
2.87% |
12.69% |
| 52 |
1,82,936 |
20 |
10.0 |
38,000 |
42 |
-12.49% |
-5.05% |
3.22% |
12.38% |
| 52 |
1,82,936 |
30 |
15.0 |
57,000 |
37 |
-10.05% |
-3.49% |
3.79% |
11.86% |
| 52 |
1,82,936 |
40 |
20.0 |
76,000 |
32 |
-7.60% |
-1.94% |
4.36% |
11.34% |
| 52 |
1,82,936 |
50 |
26.0 |
98,800 |
26 |
-4.68% |
-0.07% |
5.05% |
10.72% |
Source: Company, CEBPL
Note:
*Actual acceptance ratio may vary,
^Assume stock price reached Rs.850 on ex-date,
#round down to nearest integer
* Retail shareholders holding less than Rs 2 Lac shares as on “Record Date”
* Please note acceptance Ratio is Dynamic in Nature can be change on Record date
