Incorporated in 1983, Orbit Exports Limited is a weaving company. Orbit has a global reach, with the company having established prolific operations in the USA, Latin America, Africa, Europe and the Far East. Orbit Exports operates across multiple verticals, from women’s apparel to Christmas crafts and home decor, with further interests in occasion-specific fabrics and finished products. In as much, the company’s products have always been, and continue to be, entirely original, concerning creativity and production.
The company exports 2 million meters of fabric every quarter. Orbit Exports is also the largest exporter of Christmas ribbons and made-up products in India.
Orbit Exports Ltd. Stock Quote & Charts
160.8
1.45 (0.91%)
- Open: 159.35
- High – Low: 162.4 – 155.05
- Previous Close: 159.35
- Total Traded Value: 25941
- Updated On: 12/19/2022 4:00 PM
Orbit Exports Buyback Detail
| Issue Period | Dec 15, 2022 – Dec 28, 2022 |
| Security Name | Orbit Exports Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 408,163.00 |
| Issue Size (Amount) | ₹10.00 Crores |
| Buyback Price | ₹245 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Orbit Exports Buyback Issue Timetable
| Offer Opens On | Dec 15, 2022 |
| Offer Closes On | Dec 28, 2022 |
| Last Date to buy shares | Nov 16, 2022 |
| Record Date | Nov 18, 2022 |
| Last Date for receipt of Tender Forms | Dec 28, 2022 |
| Finalisation of Buyback Acceptance | Jan 5, 2023 |
| Last Date for settlment of bids | Jan 6, 2023 |
| Last Date for Extinguishment of Shares | Jan 13, 2023 |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 2 Equity Share out of every 47 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 9 Equity Shares out of every 673 Fully paid-up Equity Shares held on the Record Date. |
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 150.23 | 26.26 | 174.09 | 146.7 | 16.08 |
| 31-Mar-21 | 73.07 | 2.38 | 176.86 | 149.48 | 14.37 |
| 31-Mar-22 | 131.17 | 17.8 | 194.59 | 167.21 | 39.17 |
| 30-Sep-22 | 109.14 | 22.23 | 217.88 | 190.5 | 39.4 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2022 | 186.75 | 155.35 | 164.8 |
| Sep-2022 | 171.8 | 146.9 | 157.9 |
| Aug-2022 | 158.6 | 114.65 | 140.09 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2022 | 185.85 | 155.5 | 164.79 |
| Sep-2022 | 172.25 | 147.75 | 158.12 |
| Aug-2022 | 158.4 | 115.05 | 140.02 |
Necessity of the Issue
The Buyback is being undertaken, inter-alia, for the following reasons:
- The Buyback will help the company to return surplus cash to its shareholders broadly in proportion to their shareholding thereby enhancing overall return to the shareholders.
- The Buyback would give an option to the equity shareholders to either participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or not participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the company post the buyback without additional investment.
Orbit Exports Buyback Documents
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Company Contact Information
Orbit Exports Limited
122, 2nd Floor, Mistry Bhavan,
Dinshaw Wachcha Road,
Churchgate, Mumbai – 400020,
Phone: +91-22-6625 6262
Email: reception@orbitexports.com
Website: http://orbitexports.com/