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Jan 25, 2023 - Jul 24, 2023

KDDL Limited Buyback (KDDL Buyback 2023) Detail

KDDL Limited is engaged in the manufacturing of watch components and precision engineering products. It is one of India’s leading watch components manufacturers for over three decades.

KDDL supplies watch components to domestic and international luxury watch brands. KDDL Limited recently acquired Estima AG, an established maker of watch hands in Switzerland.

KDDL caters to various industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defence industry through precision engineering products like electrical connectors and terminals, components of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc.

KDDL also manufactures ornamental packaging boxes for watches, jewellery, and writing instruments.

KDDL Buyback 2023 Detail

Issue PeriodJan 25, 2023 - Jul 24, 2023
Security NameKDDL Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹21.00 Crores
Buyback Price₹1200 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

KDDL Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20658.35-1.97185.76183.44
31-Mar-21567.246.97186.56155.82
31-Mar-22831.5837.15251.6154.98
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 1124.45 943.2 1018.31
Nov-2022 1064.4 907.55 984.57
Oct-2022 1155.5 948.85 1041.44

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 1125 949.25 1017.99
Nov-2022 1072 906.6 985.47
Oct-2022 1155.9 949.6 1042.32

Necessity of the Issue

The buyback is being undertaken by the company for the following reasons:

  1. The buyback will help the company to return surplus cash to its members
  2. The buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base
  3. The buyback gives an option to the members to participate in the buyback and sell their shares in lieu of cash or to not participate and enjoy the resultant increase in the shareholding.

KDDL Buyback 2023 Documents

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Company Contact Information

KDDL Limited
Plot No. 3,
Sector III,
Parwanoo (H.P.) Pin- 173220

Phone: +91 172 2548223 / 24
Email: info@kddl.com
Website: https://www.kddl.com/

KDDL Buyback 2023 Registrar

  1. MAS Services Limited
       T - 34, 2nd Floor
       Okhla Industrial Area, Phase - II
       New Delhi - 110 020

    Phone: (011) 2610 4142
    Email: investor@masserv.com
    Website: http://www.masserv.com

KDDL Buyback 2023 Manager

Lead Manager(s)

  1. ITI Capital Ltd

Registered Broker

  1. Antique Stock Broking Limited
    Email: jignesh@antiquelimited.com

Find KDDL Buyback 2023 Latest Update

KDDL Buyback 2023 FAQs

The KDDL Buyback 2023 opens on Jan 25, 2023, and closes on Jul 24, 2023.

The KDDL Buyback 2023 is a Open Market Through Stock Exchange.

KDDL Buyback 2023 Schedule

Buyback Opening DateJan 25, 2023
Buyback Closing DateJul 24, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The KDDL Buyback 2023 is being offered at Rs ₹1200 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The KDDL Buyback 2023 has announced a buyback for an aggregate amount of not more than Rs. ₹21.00 Crores with pricing of Rs.₹1200 per share.

The buyback is being undertaken by the company for the following reasons:

  1. The buyback will help the company to return surplus cash to its members
  2. The buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base
  3. The buyback gives an option to the members to participate in the buyback and sell their shares in lieu of cash or to not participate and enjoy the resultant increase in the shareholding.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The KDDL Buyback 2023 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


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