Wendt (India) Share Price Nosedives 20% as Foreign Promoter Plans Full Exit

Market Performance

Wendt (India) share price witnessed a sharp fall of nearly 20% on May 15, 2025, crashing to a new 52-week low of ₹8,374.15.
This steep decline followed the announcement of a major stake sale by foreign promoter Wendt GmbH.

• The share had closed at ₹13,059 the previous day.
• The fall represents a massive intraday drop of over ₹4,600.
  The decline further extended Wendt (India)'s bearish streak in 2025, with the stock already down:

• 27.5% in January
• 21% in February
• 7% in March
• A short-lived 11% rebound in April
  Nearly 20% loss in May (till mid-month)

Overall, the Wendt (India) share price has plunged over 53% from its 52-week high of ₹18,000, hit in December 2024.

Main News

The primary trigger for Thursday’s sell-off was the news of Wendt GmbH, the German co-promoter, planning to exit its holding in Wendt (India).

• Wendt GmbH holds a 37.5% stake, equal to Indian promoter Carborundum Universal (Murugappa Group).
• The exit will happen through an Offer for Sale (OFS) route.
• The OFS floor price is set at ₹6,500 per share, reflecting a 38% discount to the last closing price.
  
  

The OFS opened on May 15 for non-retail investors, and it will open on May 16 for retail investors.

There is also a provision to sell an additional 7.5% stake, taking the total potential divestment to 37.5% of Wendt (India)’s equity capital.

Company Details

Wendt (India) is a leading manufacturer in the super abrasives and precision grinding industry, with a strong presence across global markets, including:

• United States
• United Kingdom
• Gemany
• South Korea
  Taiwan
• Australia

With a legacy of over 40 years, Wendt (India) caters to advanced manufacturing sectors, delivering specialized grinding solutions.

Shareholding Snapshot

As of March 2025, the shareholding pattern of Wendt (India) was as follows:

• Mutual Funds: 6.62%
  • Led by SBI Contra Fund with 6.37%
• Retail Investors: 8,943 shareholders held 16.14% collectively
  • Each retail investor is permitted to hold up to ₹2 lakh in capital

Summary

The Wendt (India) share price crash on May 15 is a direct response to its foreign promoter’s planned exit through an aggressive OFS pricing strategy.
With the stock now over 53% down from its December peak, investor sentiment remains under pressure.
As the OFS process unfolds, market watchers will keep a close eye on retail participation and the long-term implications for the company’s shareholding structure.