Sportking India Limited 2023
Established in 1977 under the leadership of Mr. Jagdish Chandra Avasthi, Sportking has emerged as India’s leading vertically integrated textile conglomerate. In more than four decades of its existence, Sportking has relentlessly continued its journey on the path of fast paced growth under the benevolent vision of Mr. Raj Avasthi: chairman and dynamic management of Mr. Munish Avasthi: Managing Director creating several benchmark in its varied ventures of Yarns, Fabrics, Garments and Retail Businesses.
Sportking today owns seven State-of-the-art manufacturing facilities in India spread across the states of Punjab and Himachal Pradesh which are equipped with the latest machinery, producing Yarns, and Garments that are a benchmark in quality, range and innovation in the domestic as well as International markets. Besides manufacturing facilities, Sportking also own over 100 Retail Gram Stores spread across many indian states.
With annual turnover of over INR 1500 Cr more than US$100 Million revenue is generated from exports to more than 30 countries all over the globe.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 10 2023|
|Buyback Opening Date:||Mar 15 2023|
|Buyback Closing Date:||Mar 18 2023|
|Buyback Offer Amount:||₹ 55.10 Cr|
|Date of Board Meeting approving the proposal:||Jan 31 2023|
|Date of Public Announcement:||Jan 31 2023|
|Buyback Offer Size:||4.37%|
|Buyback Number of Shares:||5,80,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 950 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars ( In Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||13||2||3||-3||24|
|Profit before tax||29||38||18||118||547|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested In Buyback||1,48,122||1,48,122||1,48,122||1,48,122|
|(ii) No. of Shares Buyback||70||105||158||211|
|(iii) Buyback Profit||17,360||26,040||39,184||52,328|
|(iv) Profit %||11.70%||17.50%||26.45%||35.32%|