Closed Buyback - IPO JI
Closed Buyback
Record date
Sep 5, 2025Issue Date
Sep 11, 2025Close Date
Sep 17, 2025Buyback Price
₹290.00Issue size
6,434,482 (4.69 % of Total number of equity Shares) (₹186.60 Crores)
Record date
Jul 23, 2025Issue Date
Jul 29, 2025Close Date
Aug 4, 2025Buyback Price
₹875.00Issue size
20,00,000( 1.49% of Total number of equity Shares) (₹175.00 Crores)
Record date
Jun 6, 2025Issue Date
Jun 12, 2025Close Date
Jun 18, 2025Buyback Price
₹404.00Issue size
37,12,871( 2.57% of Total number of equity Shares) (₹150.00 Crores)
Record date
May 27, 2025Issue Date
Jun 2, 2025Close Date
Jun 6, 2025Buyback Price
₹130.00Issue size
4,60,800 (5.27 % of Total number of equity Shares) (₹5.99 Crores)
Record date
May 27, 2025Issue Date
Jun 2, 2025Close Date
Jun 6, 2025Buyback Price
₹464.00Issue size
2,15,520 (0.88 % of Total number of equity Shares) (₹10.00 Crores)
Record date
May 23, 2025Issue Date
May 29, 2025Close Date
Jun 4, 2025Buyback Price
₹185.00Issue size
10,81,081 (1.65 % of Total number of equity Shares) (₹20.00 Crores)
Record date
Feb 28, 2025Issue Date
Mar 6, 2025Close Date
Mar 12, 2025Buyback Price
₹500.00Issue size
72,00,000( 2.48% of Total number of equity Shares) (₹360.00 Crores)
Record date
Oct 25, 2024Issue Date
Oct 30, 2024Close Date
Nov 6, 2024Buyback Price
₹1,025.00Issue size
702,439 (₹72.00 Crores)
Record date
Sep 11, 2024Issue Date
Sep 18, 2024Close Date
Sep 24, 2024Buyback Price
₹1,000.00Issue size
500,000 (1.69 % of Total number of equity Shares) (₹50.00 Crores)
Record date
Sep 5, 2024Issue Date
Sep 11, 2024Close Date
Sep 18, 2024Buyback Price
₹900.00Issue size
665,000 (0.72 % of Total number of equity Shares) (₹59.85 Crores)
Record date
Sep 4, 2024Issue Date
Sep 10, 2024Close Date
Sep 17, 2024Buyback Price
₹1,200.00Issue size
1,333,333 (1.72 % of Total number of equity Shares) (₹160.00 Crores)
Record date
Sep 3, 2024Issue Date
Sep 9, 2024Close Date
Sep 13, 2024Buyback Price
₹1,615.00Issue size
448,018 (1.67 % of Total number of equity Shares) (₹72.35 Crores)
Record date
Aug 30, 2024Issue Date
Sep 5, 2024Close Date
Sep 11, 2024Buyback Price
₹450.00Issue size
458,268 (4.22 % of Total number of equity Shares) (₹20.62 Crores)
Record date
Aug 30, 2024Issue Date
Sep 5, 2024Close Date
Sep 11, 2024Buyback Price
₹160.00Issue size
365,169 (2.3 % of Total number of equity Shares) (₹5.84 Crores)
Record date
Aug 27, 2024Issue Date
Sep 2, 2024Close Date
Sep 6, 2024Buyback Price
₹3,700.00Issue size
237,837 ( % of Total number of equity Shares) (₹88.00 Crores)
About Share Buybacks
Share buybacks are one of the strategic financial tools used by companies to optimize their capital structure, enhance shareholder value, and project confidence in their business. Here we have gone deeply into the details of share buybacks, including their benefits, process, and the latest updates on upcoming buybacks in India.
What is a Share Buyback?
A share buyback, also referred to as a repurchase of stocks, is one where a company buys its shares from existing shareholders. That can be done either through a tender offer route or an open market purchase.
Key Insight
Buybacks are often read as an indication that the company believes its shares are cheaper than the price at which they are trading, and this always bodes well for the outlook of the stock. Important information: the buyback price, record date, and acceptance ratio all find their way into the process.
Reasons for Share Buybacks
Companies initiate buybacks for several strategic reasons that benefit both the company and shareholders:
Return Excess Cash
To return excess cash to shareholders when the company has surplus funds and limited profitable investment opportunities.
Enhance EPS
To enhance earnings per share (EPS) by decreasing the outstanding shares, making the stock more attractive to investors.
Consolidate Ownership
To consolidate ownership and increase shareholder confidence by reducing the number of shares in circulation.
Signal Undervaluation
To convey that the company believes in its undervalued stock and has confidence in future performance.
These are some of the reasons behind the announcements of buybacks in the near future.
Benefits & Considerations
Benefits for Investors
- Immediate Returns: Often offered at premium to market price
- Tax Efficiency: May be more tax-efficient than dividends
- Increased Ownership: Remaining shareholders get higher ownership percentage
- EPS Enhancement: Earnings per share typically increases
Key Considerations
- Opportunity Cost: Company might have better investment options
- Market Timing: Buyback timing may not always be optimal
- Acceptance Ratio: You may not get full allocation in oversubscribed buybacks
- Tax Implications: Consider capital gains tax on buyback proceeds
Documents Required for Buyback Participation
Active Demat Account
Valid PAN Card
Share Holdings as on Record Date
Bank Account Details
