Welspun Enterprises Buyback 2022
Welspun Enterprises Limited (WEL), part of the Welspun Group, is an operating Company as well as a holding company. The year of 2014-15 was a year of consolidation for the company. During the year, the company divested its DRI business; Welspun Maxsteel Ltd. The company had identified this business as non-core and therefore exited the same. As part of further consolidation, pursuant to Scheme of Arrangement and Amalgamation made effective from May 11, 2015, the erstwhile Welspun Enterprises Limited, Welspun Infratech Limited, Welspun Plastics Private Limited and Welspun Infra Projects Private Limited were merged into the Company. This consolidation will enable the Company to better leverage the combined strengths of the entities, synergies arising out of consolidation of business such as, enhancement of net worth of the combined business to capitalise on future growth potential, optimal utilisation of resources, reducing operating and compliance cost and achieving operational and management efficiency. It will aid the Company to target opportunities which need large free cash and strong balance sheet. The merger has helped to consolidate and simplify corporate structure of WEL and its subsidiaries
The Company’s key activity is in the infrastructure business. Apart from that, the company holds equity investments in Welspun Natural Resources Private Limited (Oil & Gas Exploration).In infrastructure, WEL has developed and operates PPP projects in various sectors like roads, water, and urban infrastructure. In the highway sector alone, the Company has successfully completed six BOT (Toll) Road projects with a total length of over 500 km. By March 31st 2018, the Company has substantially completed India’s first HAM project -Delhi-Meerut Expressway Package 1 (Delhi Section), demonstrating operational excellence by remaining well ahead of the scheduled construction.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 13 2023 |
| Buyback Opening Date: | Mar 16 2023 |
| Buyback Closing Date: | Mar 31 2023 |
| Buyback Offer Amount: | ₹ 235 Cr |
| Date of Board Meeting approving the proposal: | Dec 30 2022 |
| Date of Public Announcement: | Dec 30 2022 |
| Buyback Offer Size: | 7.8% |
| Buyback Number of Shares: | 1,17,50,000 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 200 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Cr) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| Sales + | 1,067 | 1,787 | 1,808 | 1,530 | 1,401 |
| Expenses + | 990 | 1,608 | 1,617 | 1,365 | 1,252 |
| Operating Profit | 77 | 179 | 191 | 164 | 149 |
| OPM % | 7% | 10% | 11% | 11% | 11% |
| Other Income + | 95 | 93 | 112 | 142 | 174 |
| Interest | 33 | 54 | 77 | 110 | 140 |
| Depreciation | 24 | 11 | 23 | 16 | 16 |
| Profit before tax | 116 | 207 | 203 | 180 | 167 |
| Tax % | 40% | 39% | 25% | 28% | 25% |
| Net Profit | 69 | 127 | 151 | 130 | 126 |
| EPS in Rs | 4.71 | 8.56 | 10.03 | 8.66 | 8.33 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,66,000 | 1,66,000 | 1,66,000 | 1,66,000 |
| No. of Shares buyback | 330 | 500 | 750 | 1000 |
| Buy Back Profit | 11,220 | 17,000 | 25,500 | 34,000 |
| Profit(%) | 6.75% | 10.24% | 15.36% | 20.48% |
70 Comments
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Considering 7.8% of the buyback size . 29% AR for general category is extremely high and suggest that large share holders like promoters have probably not participated in the buyback. I think it shows there confidence in the value of the share and would lead to the appreciation of cost.
I personally liked the technical of this company and have added around 2000 more just after the fall in buyback. Lets see how it play today.
Experts kindly suggest their views.
Got 47.50 % ER … earned nothing cause I panic when this share is on 119.00 …. but learned many things…. thanks to the developer of this site… if any one have WhatsApp group to discuss buyback… plz let me know
618/1300 It’s totally Shocked me. It’s better for General Category which AR 29%.
428/900 for me… 47.55%
Very Surprising to see 48% AR while the subscription is only 3.2 times. It appears that promoters have probably not applied in large. Any way Ok AR.
Where are you checking it? Did they send you email or you got your rejected stocks credited in your demat account? please let us know.
586/1233 is the AR in my case. I have expected around 60%. A little bit disappointed.
I didn’t got email…
476 accepted against 1000 shares offered
In Retail Category 48% acceptance Ratio
did you got email
On Twitter Blog someone Told about Retail Category Acceptance Ratio.
Settlement date revised.
Today evening we will get contract note from brokers.
Any update on Acceptance Ratio in Retail Category
Today evening we get acceptance Ratio.
Any news about HGS buyback?
Hgs Still pending sebi approval.
Hope this week we get Entitlement ratio and tender dates
Subscription of Tender offer for Welspun is only 3.17 times. It implies very high ratio of acceptance for small Category. may be of the tune of 70- 100%., based on my earlier experience.
Lets see, but it should be definitely >60%
Thanks for the update. Hoping for the best 🙂
sir can you tell other sites like this for right issue and bonus issue, or any genuine whatsapp group
How to check subscription of buyback? Sir
Acceptance Ratio Retali will be above 60% and General Category will 20 % to 30%.
How… calculations
Hope for the best. This share price has fallen heavily after the dividend payment. Those who bought earlier stand to lose big in the end.
On what basis, You are saying 60% for Retail category
I think on number of orders of buyback bidding
Any guess on AR?
45-60%
Hopefull More than 60% As till date 13831 bid submitted out of more than 60000 and only one day is left
Where did u see exact bid details.on bse website it’s not shown.kindly send me path
https://www.nseindia.com/market-data/tender-issue-information?symbol=WELENT&type=Active
can you tell me the calculations too … how to calculate from the bid…. i got diffrrent numbers
Welent buyback bidding information.
No of orders – 17,388
No of shares – 3,81,20,987
Retail ER 18.9%
189 out of 1000 Shares held on record date
66 out of 349 shares
Hello sir I sold this share earlier and I’m eligible for buy back… I have one question…
I have 208 shares earlier… and sold all and now I’m eligible for 39 shares…
So should I purchase 39 shares only … or should I purchase 208 shares back… or like everyone saying AR should be 45% then I purchase 100 shares only for just buyback so they all accepted… kindly guide…
Buy 208 and submit 208 .keep it simple till you get expertise in it .
AR counts on Applied Shares.
So better purchase all and apply all.
I tried same as u said half qty applying but AR comes half thn others.
*WELSPUN ENTERPRISES LTD. BUYBACK OFFER UPDATES*
✓CMP – *Rs. 128/-*
✓BB PRICE – *Rs.200/-* per share
✓BB RECORD DT – *13/02/2023*
✓ *Expected Retail Entitlement Around *18%*
✓ *Expected Retail Acceptance Around 40%*
Thanks for update…. Expected date of opening buy back
16 mar to 31 mar
Er approx18.8%
Dates announced. March 16 to 31
Entitlement 170/900 for me. 18.88%
Yes… 18.88
Hope acceptance ratio more than 40-50%
120 😔
hello i have a question…. plz tell me i bought 200 shares till record date the i sold all 200 after record date then i purchase 300 shares back when buyback date announced … so am i eligible to tender only 200 shares or 300 shares
As per my best knowledge till buyback process is not started.
You are eligible for the shares which are in your demat on record date means 200
WHY SO DOWN TODAY
Hello… why this stock going down today…. I’m participating first time… if i sell this share and buy again in that condition am I eligible to participate in tender
As 13 – 2 – 23 ex date for buyback eligibility.
Some investors sell on this day. So we see fall like this. 5-7% down normal but this one 10%-11% down.
Yes you can sell and buy again. You eligible for buyback.
Thanks sir… I buy at 145… should I hold or sell and buy again… as per you
Better to hold as too much down from 151 price.
145 buying price good.
Mine 149 avg price.
I m holding it. No plan to sell now.
Looks a good bet in Welspun Enterprises at current market price to play for buyback.
Hello .. I’m investing first time in buyback amount 50000 .. can anyone tell me acceptance ratio
Acceptance ratio cant tell now
It decided after total bids in buyback. Which takes more time from Record Date. Like 45-55 days.
But as per December share holding pattern we can expect 12-14% Entitlement ratio
And
25% acceptance ratio.
25% is less… can I expect 50- 60% AR ….
Or should I hold money for better buyback… like Hinduja and sportking …
But I think welspun is better then these. …can you guide
Sportking looks small size buyback compare to welspun.
Hgs big size buyback ER around 18% as par December share holding pattern.
Today appears to be a chance day for accumulating this share for buyback.. Still high risk, seeing market free fall
Started buying at 200@140.45
Total 1400 bought average 139.4
Sumit ji,
Very good price. I am sure that you will get a good profit. All the best.
Record Date is 13/02/2023.
Dhanuka 55% accepted in Buyback
What are your views on WELSPUN Enterprises??
Welspun had run well and make sense to buy at 135-140, specifically after release of dividend. Expecting a further fall…
Orbit export AR 24PLUS .DECLARED TODAY
Total Shares = 14,97,55,073
Shares to be Bought in buyback = 1,17,50,000
The offer size appears to be 7.8% and not 14.22%,
Please check and correct, if not?
82,57,561 shares held by Investors holding upto 1000 shares (as of Shareholding Pattern as on March 31, 2022).
15% of total buyback shares = 17,62,500.
With this, the entitle ratio could be around 20%.
Please note there is also dividend of Rs7.50 on record date of 11/01/2023.
This may open gap up on Monday 02/01. We have time until the second Monday 09/01 to buy with the special dividend.
* Entitlement ratio for Retail (Small) shareholders.
Thanks for so quick update of EER
13811811 shares already with retail holding upto 2 lakh in September.