Welspun India Limited stands as a distinguished textile company headquartered in Mumbai, Maharashtra, serving as the flagship entity of the esteemed Welspun Group.
At the core of its operations, Welspun India engages in the realm of home textiles, offering an array of utility bedding, bed sheets, and fashion bedding products. In addition, the company extends its expertise to provide innovative flooring solutions encompassing the Spunlace, Needlepunch, and Wet Wipes product categories.
Welspun India’s offerings are structured as follows:
- Retail Solutions: The company delivers a comprehensive range of products and services within the home textiles domain, catering to global markets. Notably, Welspun boasts a portfolio of 30+ unique patents, exemplified by groundbreaking technologies like Hyrgrocotton and Wel-TrakTM. Notably, Hyrgrocotton recently marked a significant milestone by completing 15 years of exceptional performance, contributing to a global FOB sales tally exceeding $1 billion.
- Hospitality Solutions: Welspun India extends its prowess to the hospitality sector, supplying premium-quality towels and home furnishings to an array of establishments, including hotels, vacation rentals, spas, resorts, gyms, and health clubs.
- Welspun Retails: Under this banner, Welspun India presents two distinct offerings. Firstly, “Spaces” caters to the mass premium category, while “Welspun” focuses on providing affordable, high-quality offerings within the mass-market segment.
- Welspun Flooring: The company’s expertise extends to the realm of innovative flooring solutions, offering a diverse range of products such as customized Click n Lock tiles, Carpet tiles, Broadloom carpets, and Artificial grass.
- Welspun Advanced Textiles: Leveraging its capabilities in nonwoven technologies, metallic needling, and high-temperature bonding, Welspun India produces a versatile range of sustainable and biodegradable fabrics. These fabrics are tailored to meet specific functional requirements, including applications in personal hygiene, homecare, medical, and industrial sectors.
Welspun India proudly associates its brand portfolio with names such as Christy England, Spaces – Bed, Bath & Rugs, Welhome, Living by Christy, Welspun Flooring, Scott Living, and Kingsley.
Demonstrating its industry prominence, Welspun India claims the distinction of being Asia’s largest and the world’s second-largest producer of terry towels. The company’s global outreach is reflected by its export footprint, encompassing over 94% of its home textile products to more than 50 countries. A notable share of these exports, approximately 68%, finds its way to the United States, with 23% directed towards Europe. The remaining exports are channeled to regions including the Middle East, Australia, and Mauritius. Impressively, Welspun India’s products feature in the offerings of 17 out of the top 30 retail chains worldwide.
Welspun India Ltd. Stock Quote #
- Open: ₹119.80
- High – Low: ₹120.00 – ₹116.80
- Previous Close: ₹118.90
- Total Traded Value: 28,86,968
- 52 Weeks High: ₹117.00 (Aug 07, 2023)
- 52 Weeks Low: ₹62.00 (Mar 28, 2023)
- Updated On: Aug 10, 2023 4:00 PM
Welspun India Buyback 2023 Detail #
| Issue Period | May 16, 2023 – May 22, 2023 |
| Security Name | Welspun India Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 16,250,000.00 |
| Issue Size (Amount) | ₹195.00 Crores |
| Buyback Price | ₹120 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Welspun India Buyback 2023 Issue Timetable #
| Last Date to buy shares | May 9, 2023 |
| Record Date | May 10, 2023 |
| Offer Opens On | May 16, 2023 |
| Last Date for receipt of Tender Forms | May 22, 2023 |
| Offer Closes On * | May 22, 2023 |
| Finalisation of Buyback Acceptance | May 26, 2023 |
| Last Date for settlment of bids | May 29, 2023 |
| Last Date for Extinguishment of Shares | Jun 7, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date. | 2,437,500.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date. | 13,812,500.00 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-19 | 7,742.28 | 6,608.44 | 226.18 | 2,779.30 | 2,623.55 | 1,908.43 |
| 31-Mar-20 | 8,310.28 | 6,836.18 | 524.36 | 2,972.10 | 2,972.50 | 1,684.85 |
| 31-Mar-21 | 8,677.78 | 7,407.95 | 550.79 | 3,644.70 | 3,516.39 | 1,096.19 |
| 31-Mar-22 | 9,436.85 | 9,377.31 | 606.70 | 3,971.70 | 3,862.03 | 1,214.18 |
| 31-Mar-23 | 8,650.00 | 82,151.00 | 202.51 | 40,878.00 | 3,974.85 | |
| Amount in ₹ Crore | ||||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2023 | 70.37 | 62.20 | 66.47 |
| Feb-2023 | 73.00 | 63.60 | 68.96 |
| Jan-2023 | 77.65 | 65.25 | 72.25 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2023 | 70.40 | 62.00 | 66.50 |
| Feb-2023 | 71.85 | 63.50 | 69.00 |
| Jan-2023 | 77.70 | 66.25 | 72.29 |
Necessity of the Issue #
The Buy-back is being undertaken for the following reasons:
- The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
- The Buy-back includes a reservation for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholders”.
- The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
- The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back.
Welspun India Buyback 2023 Documents #
Company Contact Information #
6th Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel,
Mumbai 400 013Phone: +91 22 6613 6000
Email: contact@welspun.com
Website: https://www.welspunindia.com/
Welspun India Buyback 2023 Registrar #
- Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: welspunindia.buyback@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Welspun India Buyback 2023 Manager #
Lead Manager(s)
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Registered Broker
- DAM Capital Advisors Limited
Email: rajesh@damcapital.in
