Sportking India Buyback 2023 Details

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Sportking India Ltd. was founded in 1989 and operates in the textile industry. As a vertically integrated textile conglomerate, the business operates. They have several years of industry experience and consistently push themselves to set new standards. Yarns, Fabrics, Garments, and Retails Business are among the segments in which Sportking India is mostly active. Leadership from individuals like Mr. Jagdish Chandar Avasthi, Mr. Raj Avasthi, and Mr. Munish Avasthi is used to guide and direct the organisation. 

The company’s manufacturing facilities are located in and around Punjab and Himachal Pradesh in India. The company manufactures its best-in-class items at these well-equipped facilities, which also make yarns and clothing for delivery to various locations. 

Sportking India Buyback 2023 Details 

Buyback Dates Coming soon 
Buyback Price  INR 950 per share 
Market Price on Buyback Approval INR 708.6 per share 
Buyback Premium on Market Price 34.06% 
Buyback Offer Size (Shares) 5,80,000 shares 
Buyback Offer Size (Amount) INR 55.10 crore 
Offer Type Tender 
Promoter Participation Yes 
Face Value  INR 10 per share 
Listing At BSE, NSE 
eClerx Services Buyback 2023 Details

Sportking India Buyback Dates

Board Meeting Intimation for Buyback Proposal 21 January 2023 
Buyback Approval Date 27 January 2023 
Public Announcement of Buyback 31 January 2023 
Sportking India Buyback Record Date 10 February 2023 
Buyback Opening Date Coming soon 
Buyback Closing Date Coming soon 
Cut-off Date to receive completed tender forms by Registrar Coming soon 
Verification Date by the Registrar Coming soon 
Return of unaccepted shares by Registrar Coming soon 
Extinguishment of accepted shares Coming soon 

Sportking India Financial Performance 

 FY 2020 FY 2021 FY 2022 
Revenue 1,355.05 1,306.24 2,154.01 
Total Expenses 1,276.42 1,155.12 1,586.90 
Net income 12.36 84.53 409.25 

 
Objects 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

Sportking India Ltd
Vill. Kanech, Near Sahnewal
G.T. Road,
Ludhiana-141120

Phone: +91-161-2845456
Email: sportking@sportking.co.in
Websitehttp://sportking.co.in/

Sportking India Buyback 2023 Registrar

  1. Beetal Financial & Computer Services (P) Limited
       Beetal House, 3rd Floor,
       99, Madangir, Behind Local Shopping Centre,
       New Delhi – 110062

    Phone: +91 11 29961281
    Email: beetalrta@gmail.com
    Websitehttp://www.beetalfinancial.com

Sportking India Buyback 2023 Manager

Lead Manager(s)

  1. Master Capital Services Limited

 

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