Welspun Investments and Commercials, part of the promoter group, and Managing Director and CEO Vipul Mathur are looking to sell around 63 lakh shares, equivalent to about 2.4% of Welspun Corp’s equity.
The offer price has been set at ₹2,250 per share, representing a discount of up to 4.1% to the stock’s last closing price of ₹2,331.
The transaction is a secondary share sale, meaning the proceeds will go to the selling shareholders rather than Welspun Corp. The company isn’t raising fresh capital through the deal.
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Block deal follows Welspun’s biggest-ever order
The proposed stake sale comes shortly after Welspun Corp secured the largest order in its history — a $1.8 billion contract to supply pipes for a Permian Basin export pipeline in the US.
Mathur recently told CNBC-TV18 that the company wouldn’t require additional capital expenditure to execute the order.
Welspun Corp, one of the world’s large-diameter pipe manufacturers, expects its existing $200-250 million capex programme to cover most of the work required for the contract.
“We have some scope for capacity augmentation within our existing facilities, which we are going to undertake. We also have some debottlenecking to do. These are the two or three things we have clearly chalked out and planned,” Mathur said.
That means the company expects to handle its biggest-ever contract largely with investments already underway, rather than embark on another major round of spending.
The US contract has pushed Welspun Corp’s global order book to a record $4.4 billion, or around ₹42,100 crore.
Shares have nearly tripled this year
The block deal also follows a steep run-up in Welspun Corp shares.
The stock closed 3.25% lower at ₹2,331 on Tuesday but has gained 22.4% over the past week and nearly 47% in a month.
Welspun Corp shares have risen 188% so far in 2026, meaning the stock has nearly tripled since the start of the year. Over six months, the shares are up about 194%, while they have gained 164% over the past year.
The ₹2,250 offer price therefore comes after a substantial appreciation in the value of the sellers’ holdings, even though it is at a discount to Tuesday’s market price.
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Another big stake sale hits the market
The Welspun Corp transaction adds to a string of large secondary stake sales in the Indian market this week.
On Tuesday, Ribbit Capital launched a block deal to sell a 1.6% stake in Billionbrains Garage Ventures, the parent of investment platform Groww, for ₹1,914 crore. The shares are being offered at a floor price of ₹195 apiece, with Ribbit subject to a 30-day lock-up on further sales.
A day earlier, Y Combinator sold 4.85 crore Meesho shares, representing a 1.05% stake, for around ₹970 crore on the NSE. The shares changed hands at an average price of ₹200.01 apiece.
Institutional investors were among the disclosed buyers. Nippon India Mutual Fund bought 1 crore shares for around ₹200 crore, while HDFC Standard Life Insurance purchased 75 lakh shares for ₹150 crore.
Edelweiss Mutual Fund acquired 34.7 lakh shares for ₹69.4 crore and Franklin Templeton bought another 25 lakh shares for ₹50 crore.
Together, the four disclosed investors bought 2.34 crore Meesho shares worth about ₹469.4 crore. The remaining shares were picked up by other investors whose identities weren’t available in the exchange data.
