Filatex buyback Analysis

    Filatex India ltd Buyback Information, Analysis & Guidance @ . India’s Oldest & Most Popular Investment Blog ( Since December 8, 1999)

    About Filatex India ltd :filatex India buyback details & guidance
    Incorporated in 1990, Filatex India Ltd. has emerged as one of the top five manufacturers of Polyester Filament Yarn in India. Starting with chips to yarn, Filatex has moved to latest technology Melt to Yarns. It is a customer-focused organisation with state of art technology and stringent quality measures.
    Filatex India Limited is a manufacturer of Polyester Filament Yarn and offers products like Monofilament Yarns for Zippers, Tooth Brush Bristles, Narrow Woven Fabrics, Polypropylene Yarn, and Forming Fabrics in India. The company built its 6000 Tons Per Annum plant in Dadra & Nagar haveli in 1996 for manufacturing polyester multifilament yarns and a plant with a capacity of 600 tonnes per day, as well as a 260 tonne per day POY, was set up in Dahej in 2012.
    For more information, visit company website :

    Necessity of the Filated India Buyback
    The buyback is being undertaken for the following reasons:

    1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

    2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

    Filatex India Buyback Detail
    Issue Period May 9, 2022 – May 23, 2022
    Security Name Filatex India Limited
    Issue Type  :Tender Offer
    Issue Size (Shares) 0.43 Crores
    Issue Size (Amount) Rs 59.50 Crores
    Buyback Price Rs140 per share
    Face Value Rs2 per share
    Listing At BSE, NSE
    Price on buyback openening Date : Rs 113 on 6 May 2022

    Buyback Ratio
    Category Entitlement Ratio of Buyback
    Reserved Category for Small Shareholders :
    23 Equity Share out of every 226 Fully paid-up Equity Shares held on the Record Date.
    General Category for all other Eligible Shareholders :
    8 Equity Share out of every 485 Fully paid-up Equity Shares held on the Record Date

    Filatex India Buyback Issue Timetable
    Offer Opens On May 9, 2022
    Offer Closes On May 23, 2022
    Record Date Apr 8, 2022
    Last Date for receipt of Tender Forms May 23, 2022
    Finalisation of Buyback Acceptance May 27, 2022
    Last Date for settlment of bids Jun 1, 2022
    Last Date for Extinguishment of Shares Jun 8, 2022

    Registered Office of Filatex India ltd
    Survey No.274, Demni Road,
    U.T. of Dadra and Nagar Haveli and Daman and Diu
    Phone: +91-260-2668343, 266

    Lead Manager to the Filatex India ltd Buyback
    Corporate Professionals Capital Private Ltd
    Filatex India Buyback Registrar
    MCS Share Transfer Agent Limited
    Email: [email protected]
    Registered Broker
    SMC Global Securities Limited
    Email: [email protected]

    Buyback Guidance by Paresh Gordhandas , Research Analyst :