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    Garware Technical Fibres Ltd Buyback Of Shares 2024

Garware Technical Fibres Ltd Buyback Of Shares 2024

Garware Technical Fibres Ltd Buyback Of Shares 2024
  • Published Date: February 27, 2024
  • Updated Date: June 17, 2025
  • By Team Choice

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

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