Garware Technical Buyback

Garware Technical Buyback

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Garware Technical Buyback offer opens on 19 January 2021. The company aims for an issue size of ₹73Crores through this buyback.

Garware Technical Fibres Ltd

incorporated in 1976, Garware Technical Fibres Limited is one of India’s leading players in the technical textiles sector. The company is known for providing world-class innovative solutions in high-performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes, and geosynthetics.

As of Jan 2021, Garware Technical four subsidiaries, one in Chile, one in the United States of America, and two in India. The Company has two manufacturing plants – one at Chinchwad and the other at Wai. Further, the Company has 4 (four) regional offices and 14 (fourteen) offices/depots in India to serve its customers. The company has a global presence with six overseas offices and customers in over 75 countries.

Garware Technical is the pioneer of synthetic cordage in India. The R&D Unit of the company is recognized by the Department of Science & Technology, Government of India. The company carries a strong credit rating of ‘AA’ indicating strong financial ability. The company has been awarded the Star Export House for many years.

Garware Technical Buyback Issue Timetable

Offer Opens OnJan 19, 2021
Offer Closes OnFeb 2, 2021
Record DateDec 11, 2020
Last Date for receipt of Tender FormsFeb 4, 2021
Finalization of Buyback AcceptanceFeb 10, 2021
Last Date for settlement of bidsFeb 11, 2021
Last Date for Extinguishment of SharesFeb 18, 2021

Garware Technical Buyback Detail

Security NameGarware Technical Fibres Ltd
Issue TypeTender Offer
Issue Size (Shares)0.03 Crores
Issue Size (Amount)₹73.00 Crores
Buyback Price₹2300 per share
Face Value₹10 per share
Listing AtBSE, NSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders5 Equity Shares out of every 38 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders4 Equity Shares out of every 305 Equity Shares held on the Record Date.

Company Financials

ParticularsFor the year/period ended (Rs in Million)
Total Revenue9,852.7410,389.019,034.25
Profit After Tax140.511,256.801,051.73
Reserves and Surplus7,172.406,284.645,184.77

Stock Market Data (for preceding 3 months)


MonthHigh PriceLow PriceAverage Price


MonthHigh PriceLow PriceAverage Price
MonthHigh PriceLow PriceAverage Price

Garware Technical Buyback Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Company Contact Information

Garware Technical Fibres Ltd
Plot No. 11, Block D-1,
MIDC, Chinchwad, Pune – 41
Phone: +91 020 2799 0224

Final Thoughts

A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.

Happy Investing

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