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 |
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
Website: http://sportking.co.in/
Sportking India Buyback 2023 Registrar
- 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
Website: http://www.beetalfinancial.com
Sportking India Buyback 2023 Manager
Lead Manager(s)
- Master Capital Services Limited
