₹10,000.00
Buyback price per shareAbout Bajaj Auto Limited Buyback
Incorporated in 1945, Bajaj Auto Limited is a multinational automotive manufacturing company based in Pune, India. The company is known for its scooters, motorcycles, and three-wheelers, offering a wide range of products such as the Pulsar series, Dominar, Avenger, and Platina. Bajaj Auto exports its two-wheelers to Africa, Latin America, the Middle East, and Southeast Asia. It has achieved a market capitalization of INR one trillion, making it the world's most valuable two and three-wheeler company. Bajaj Auto focuses on innovation and technological advancements, introducing features like DTS-i (Digital Twin Spark Ignition) technology in its motorcycles for better fuel efficiency and performance.
Read MoreBajaj Auto Limited Buyback Details
Security Name
Bajaj Auto LimitedBuyback Price
₹10,000.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Jm Financial LimitedBuyback Docs
Letter Of OfferIssue Size
4,000,000 (1.41% of Total number of equity Shares)Bajaj Auto Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Feb 28, 2024 | Feb 29, 2024 | Mar 6, 2024 | Mar 13, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Mar 13, 2024 | Mar 19, 2024 | Mar 20, 2024 | Mar 26, 2024 |
Bajaj Auto Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 7/27 | 600000 |
| General Category for all other Eligible Shareholders | 1/82 | 3400000 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Reserves And Surplus | 25,142.90 | 26,379.43 | 24,912.89 |
| Profit After Tax | 6,060.21 | 6,165.87 | 4,857.02 |
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Total Assets | 35,136.45 | 35,111.21 | 33,601.71 |
| Total Revenue | 37,642.90 | 34,428.85 | 29,017.54 |
How to Participate in Bajaj Auto Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Bajaj Auto Limited Buyback in Demat or physical form as on the record date Feb 29, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Mar 6, 2024 by tendering your shares through your broker on BSE, NSE.
3. Then on Mar 26, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Bajaj Auto Limited Buyback
|
Maximum market value of a share holder as on record date |
₹200,000.00 |
|
Buyback price per share |
₹10,000.00 |
|
Maximum share for small shareholders (200000/ 10000) |
20.00 share |
|
Closing price of stock as of 2024-01-08 |
₹6,985.70 |
|
Maximum amount insted in buyback (₹6,985.70 x 20 shares) |
₹139,714.00 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Jan 8, 2024
Expected Profit from the Bajaj Auto Limited Buyback on the bases of acceptance Ratio:
|
Acceptance Ratio |
33% |
50% |
75% |
100% |
|
Amount Invested in Buyback |
₹139,714.00 |
₹139,714.00 |
₹139,714.00 |
₹139,714.00 |
|
No. of Shares Buyback |
6 |
10 |
15 |
20 |
|
Buyback Profit |
18085 |
30143 |
45214 |
60286 |
|
Profit% |
12.94% |
21.57% |
32.36% |
43.15% |
Bajaj Auto Limited Buyback - Necessity of the Objective
The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity.
Bajaj Auto Limited Buyback
Pune Road, Akurdi, Pune 411035Email: investors@bajajauto.co.in
Phone: +91 20 27472851
Website: https://www.bajajauto.com/
Kfin Technologies Limited
Email: bajajauto.buyback@kfintech.com
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/
