WENDT GmbH has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 6,00,000 Equity shares of face value of INR 10/- each of Wendt (India) Limited. Date and time of the opening of the offer for Non-Retail Investors: May 15, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: May 15, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: May 16, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: May 16, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 6500/- (Rupees Six Thousand Five Hundred Only)
WENDT · price
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On the reaction day the stock moved 17.8 pts less than Nifty Microcap 250 and 22.1 pts less than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Wendt GmbH, the Germany-based promoter (part of 3M's Abrasive Systems Division) of Wendt (India) Limited, proposes to sell up to 6,00,000 equity shares (30% of total paid-up capital) at a floor price of INR 6,500 per share. The offer includes a green-shoe option for an additional 1,50,000 shares (7.5%), potentially taking total sales to 37.5% of share capital. The OFS opens for non-retail investors on May 15, 2025 (9:15 AM to 3:30 PM) and for retail investors on May 16, 2025 (9:15 AM to 3:30 PM), with no retail discount. At the floor price, the base offer size values the transaction at approximately INR 390 crore, with HSBC Securities acting as the seller's broker.
This is a significant supply event where the promoter is offloading a large stake (30% or more) of the company, which could create near-term selling pressure on the stock. Retail investors get a dedicated window on May 16 to participate at or above the floor price, offering a potential entry point, though the market-clearing price will depend on demand. Shareholders should note the promoter is meaningfully reducing its holding.