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Incorporated in 1985, Weizmann Limited is currently involved in textile processing. The company operates a composite textile processing and manufacturing facility on 15,175 square meters of land at Vatva Road, Narol, Ahmedabad. The facility can manufacture 24 million meters per annum. Weizmann Limited's primary focus is on the African market, and the company has been exporting to the African continent for the past 25 years. The product range for Africa includes cotton voiles, percale, and African prints.
The company has invested in research and development and has successfully developed technology to emboss textiles after printing. It has also created a unique tie-and-dye effect in its export products. The company strongly focuses on the quality control process and has been recognized by the Government of India as a "One Star Export House" under the EXIM Policy.
Issue Period | |
Security Name | Weizmann Ltd. |
Issue Type | Tender Offer |
Issue Size (Shares) | 365,169 (2.3 % of Total number of equity Shares) |
Issue Size (Amount) | ₹5.84 Crores |
Buyback Price | ₹160 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Last Date to buy shares | August 29, 2024 |
Record Date | August 30, 2024 |
Offer Opens On | |
Last Date for receipt of Tender Forms | |
Offer Closes On * | |
Finalisation of Buyback Acceptance | |
Last Date for settlment of bids | |
Last Date for Extinguishment of Shares |
Weizmann Ltd.'s revenue decreased by -8.93% and profit after tax (PAT) rose by 56.43% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 97.20 | 101.87 | 109.44 |
Revenue | 123.47 | 135.57 | 102.31 |
Profit After Tax | 9.58 | 6.12 | 2.88 |
Reserves and Surplus | 49.18 | 40.51 | 35.60 |
Amount in ₹ Crore |
The Buyback is being undertaken for the following reasons:
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Weizmann Ltd.
214, Empire House, Dr. D. N. Road,
Ent. A. K. Nayak Marg,
Fort, Mumbai- 400001
Phone: 022-22071501
Email: contact@weizmann.co.in
Website: https://www.weizmann.co.in/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: buybackoffer@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
Registered Broker
The Weizmann Buyback 2024 open and close dates are not available as of now.
Last date to be eligible to participate in buyback is August 29, 2024.
The Weizmann Buyback 2024 is a Tender Offer.
Sorry the Weizmann Buyback 2024 timelines are not available at this time.
The Weizmann Buyback 2024 is being offered at Rs ₹160 per share per equity share.
The record date for the Weizmann Buyback 2024 is August 30, 2024.
The issue size of Weizmann Buyback 2024 is of 365,169 equity shares at ₹160 per share aggregating upto ₹5.84 Crores.
The Buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Weizmann Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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