Closed Buyback - IPO JI
Closed Buyback
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)
Record date
Aug 27, 2024Issue Date
Sep 2, 2024Close Date
Sep 6, 2024Buyback Price
₹750.00Issue size
1,500,000 (1.08 % of Total number of equity Shares) (₹112.50 Crores)
Record date
Aug 26, 2024Issue Date
Sep 2, 2024Close Date
Sep 6, 2024Buyback Price
₹4,500.00Issue size
288,889 ( % of Total number of equity Shares) (₹130.00 Crores)
Record date
Aug 26, 2024Issue Date
Aug 30, 2024Close Date
Sep 5, 2024Buyback Price
₹380.00Issue size
3,300,000 (9.48 % of Total number of equity Shares) (₹125.40 Crores)
Record date
Aug 23, 2024Issue Date
Aug 29, 2024Close Date
Sep 4, 2024Buyback Price
₹800.00Issue size
500,000 (1.14 % of Total number of equity Shares) (₹40.00 Crores)
Record date
Aug 21, 2024Issue Date
Aug 27, 2024Close Date
Sep 2, 2024Buyback Price
₹2,500.00Issue size
285,600 (9.33 % of Total number of equity Shares) (₹71.40 Crores)
Record date
Aug 20, 2024Issue Date
Aug 26, 2024Close Date
Aug 30, 2024Buyback Price
₹5,000.00Issue size
1,000,000 (1.06 % of Total number of equity Shares) (₹500.00 Crores)
Record date
Aug 19, 2024Issue Date
Aug 23, 2024Close Date
Aug 29, 2024Buyback Price
₹300.00Issue size
2,007,930 (9.5 % of Total number of equity Shares) (₹60.24 Crores)
Record date
Aug 16, 2024Issue Date
Aug 22, 2024Close Date
Aug 28, 2024Buyback Price
₹12,000.00Issue size
108,333 (0.83 % of Total number of equity Shares) (₹130.00 Crores)
Record date
Aug 16, 2024Issue Date
Aug 22, 2024Close Date
Aug 28, 2024Buyback Price
₹675.00Issue size
540,000 ( % of Total number of equity Shares) (₹36.45 Crores)
Record date
Aug 16, 2024Issue Date
Aug 22, 2024Close Date
Aug 28, 2024Buyback Price
₹2,000.00Issue size
500,000 (1.1 % of Total number of equity Shares) (₹100 Crores)
Record date
Aug 14, 2024Issue Date
Aug 21, 2024Close Date
Aug 27, 2024Buyback Price
₹1,200.00Issue size
1,666,666 (1.2 % of Total number of equity Shares) (₹200 Crores)
Record date
Aug 13, 2024Issue Date
Aug 20, 2024Close Date
Aug 26, 2024Buyback Price
₹200.00Issue size
5,000,000( % of Total number of equity Shares) (₹100 Crores)
Record date
Aug 9, 2024Issue Date
Aug 14, 2024Close Date
Aug 21, 2024Buyback Price
₹465.00Issue size
5,67,74,193 ( % of Total number of equity Shares) (₹2,640 Crores)
Record date
Aug 5, 2024Issue Date
Aug 9, 2024Close Date
Aug 16, 2024Buyback Price
₹220.00Issue size
12,655,970 (1.3 % of Total number of equity Shares) (₹278.43 Crores)
Record date
Jul 30, 2024Issue Date
Aug 5, 2024Close Date
Aug 9, 2024Buyback Price
₹1,460.00Issue size
51,36,986 ( 0.88% of Total number of equity Shares) (₹750.00 Crores)
Record date
Jul 4, 2024Issue Date
Jul 9, 2024Close Date
Jul 15, 2024Buyback Price
₹2,800.00Issue size
1,375,000 (2.8 % of Total number of equity Shares) (₹385.00 Crores)
Record date
Jul 2, 2024Issue Date
Jul 5, 2024Close Date
Jul 11, 2024Buyback Price
₹290.00Issue size
5,741,000 (4.02 % of Total number of equity Shares) (₹166.49 Crores)
Record date
Jun 28, 2024Issue Date
Jul 4, 2024Close Date
Jul 10, 2024Buyback Price
₹1,400.00Issue size
215,000 (1.64 % of Total number of equity Shares) (₹30.10 Crores)
Record date
Jun 14, 2024Issue Date
Jun 20, 2024Close Date
Jun 26, 2024Buyback Price
₹1,800.00Issue size
175,000 (2.91 % of Total number of equity Shares) (₹31.50 Crores)
Record date
Jun 5, 2024Issue Date
Jun 11, 2024Close Date
Jun 18, 2024Buyback Price
₹1,800.00Issue size
1,027,777 (3.46% of Total number of equity Shares) (₹185 Crores)
Record date
Jun 3, 2024Issue Date
Jun 7, 2024Close Date
Jun 13, 2024Buyback Price
₹4,450.00Issue size
370,000 (0.88 % of Total number of equity Shares) (₹164.65 Crores)
Record date
May 30, 2024Issue Date
Jun 5, 2024Close Date
Jun 11, 2024Buyback Price
₹2,770.00Issue size
1,028,881 (0.82 % of Total number of equity Shares) (₹285 Crores)
Record date
Apr 22, 2024Issue Date
Apr 26, 2024Close Date
May 3, 2024Buyback Price
₹625.00Issue size
595,000 (0.46 % of Total number of equity Shares) (₹37.19 Crores)
Record date
Apr 2, 2024Issue Date
Apr 8, 2024Close Date
Apr 16, 2024Buyback Price
₹175.00Issue size
1,925,000 (19.45 % of Total number of equity Shares) (₹33.69 Crores)
Record date
Mar 26, 2024Issue Date
Apr 1, 2024Close Date
Apr 5, 2024Buyback Price
₹3,800.00Issue size
525,000 (₹199.50 Crores)
Record date
Mar 20, 2024Issue Date
Mar 27, 2024Close Date
Apr 3, 2024Buyback Price
₹105.00Issue size
3,000,000 (1.59 % of Total number of equity Shares) (₹31.50 Crores)
Record date
Mar 7, 2024Issue Date
Mar 14, 2024Close Date
Mar 20, 2024Buyback Price
₹510.00Issue size
134,000 (9.94 % of Total number of equity Shares) (₹6.83 Crores)
Record date
Feb 29, 2024Issue Date
Mar 6, 2024Close Date
Mar 13, 2024Buyback Price
₹10,000.00Issue size
4,000,000 (1.41% of Total number of equity Shares) (₹4,000.00 Crores)
Record date
Feb 23, 2024Issue Date
Feb 29, 2024Close Date
Mar 6, 2024Buyback Price
₹1,005.00Issue size
5,970,149 (0.59 % of Total number of equity Shares) (₹600.00 Crores)
Record date
Feb 23, 2024Issue Date
Feb 29, 2024Close Date
Mar 6, 2024Buyback Price
₹725.00Issue size
4,482,758 (₹325.00 Crores)
Record date
Feb 13, 2024Issue Date
Feb 20, 2024Close Date
Feb 26, 2024Buyback Price
₹250.00Issue size
600,000 (2.22 % of Total number of equity Shares) (₹15.00 Crores)
Record date
Jan 31, 2024Issue Date
Feb 6, 2024Close Date
Feb 12, 2024Buyback Price
₹210.00Issue size
942,300 (1.53 % of Total number of equity Shares) (₹19.79 Crores)
Record date
Jan 25, 2024Issue Date
Feb 1, 2024Close Date
Feb 7, 2024Buyback Price
₹21.00Issue size
6,300,000 (20.95 % of Total number of equity Shares) (₹13.23 Crores)
Record date
Jan 18, 2024Issue Date
Jan 24, 2024Close Date
Jan 31, 2024Buyback Price
₹450.00Issue size
15,555,555 (3.74 % of Total number of equity Shares) (₹700.00 Crores)
Record date
Jan 17, 2024Issue Date
Jan 23, 2024Close Date
Jan 30, 2024Buyback Price
₹300.00Issue size
1,000,000 (1.5 % of Total number of equity Shares) (₹30.00 Crores)
Record date
Jan 5, 2024Issue Date
Jan 11, 2024Close Date
Jan 19, 2024Buyback Price
₹385.00Issue size
697,000 (24.88 % of Total number of equity Shares) (₹26.83 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
