Founded in 1989, Sportking India Ltd thrives in the textile sector, positioning itself as a vertically integrated textile conglomerate. Leveraging decades of industry experience, the company continually sets and achieves new benchmarks through unwavering dedication.
Sportking India operates across multiple domains, encompassing Yarns, Fabrics, Garments, and Retail Business. Guided by leaders like Mr. Jagdish Chandar Avasthi, Mr. Raj Avasthi, and Mr. Munish Avasthi, the company’s strategic direction remains steadfast.
Nestled within the Indian regions of Himachal Pradesh and Punjab, Sportking India’s manufacturing facilities stand as testaments to advanced infrastructure. With cutting-edge machinery, these facilities orchestrate the production of exceptional yarns and garments, underpinning the company’s commitment to delivering premium products across diverse markets.
Sportking India Ltd Stock Quote #
- Open: ₹820.00
- High – Low: ₹820.00 – ₹777.25
- Previous Close: ₹794.80
- Total Traded Value: 18,468
- 52 Weeks High: ₹1,123.05 (Aug 24, 2022)
- 52 Weeks Low: ₹638.00 (Dec 26, 2022)
- Updated On: Aug 10, 2023 4:00 PM
Sportking India Buyback 2023 Detail #
| Issue Period | Mar 15, 2023 – Mar 29, 2023 |
| Security Name | Sportking India Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 580,000.00 |
| Issue Size (Amount) | ₹55.10 Crores |
| Buyback Price | ₹950 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Sportking India Buyback 2023 Issue Timetable #
| Record Date | Feb 10, 2023 |
| Offer Opens On | Mar 15, 2023 |
| Last Date for receipt of Tender Forms | Mar 31, 2023 |
| Offer Closes On * | Mar 29, 2023 |
| Finalisation of Buyback Acceptance | Apr 11, 2023 |
| Last Date for settlment of bids | Apr 12, 2023 |
| Last Date for Extinguishment of Shares | Apr 19, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 9 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date. | 87,000.00 |
| General Category for all other Eligible Shareholders | 3 Equity Shares out of every 76 Fully paid-up Equity Shares held on the Record Date. | 493,000.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 1358.04 | 12.36 | 188.45 | 248.6 |
| 31-Mar-21 | 1324.84 | 84.53 | 273.04 | 353.39 |
| 31-Mar-22 | 2178.16 | 409.25 | 687.83 | 754.02 |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 1,122.00 | 831.00 | 923.14 |
| Sep-2022 | 952.10 | 723.00 | 855.16 |
| Oct-2022 | 913.50 | 655.15 | 818.75 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 1,123.05 | 909.70 | 986.50 |
| Sep-2022 | 949.05 | 721.55 | 854.68 |
| Oct-2022 | 914.45 | 660.15 | 818.61 |
Necessity of the Issue #
The Buyback offers the following advantages:
a) The Buyback will help the Company to distribute surplus cash to its shareholders in proportion to their shareholding.
b) The Buyback may help in improving financial ratios such as Earnings per share, Return on equity, by reducing the equity base of the Company. It will also lead to long term increase in shareholder’s value.
Sportking India Buyback 2023 Documents #
Company Contact Information #
Vill. Kanech, Near Sahnewal
G.T. Road,
Ludhiana-141120Phone: +91-161-2845456
Email: sportking@sportking.co.in
Website: http://sportking.co.in/
Sportking India Buyback 2023 Registrar #
Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi – 110062Phone: +91 11 29961281
Email: beetalrta@gmail.com
Website: http://www.beetalfinancial.com
Sportking India Buyback 2023 Manager #
Lead Manager(s)
Registered Broker
- Master Capital Services Limited
Email: ajaysharma@mastertrust.co.in
