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March 6, 2024 - March 13, 2024

Bajaj Auto Limited Buyback (Bajaj Auto Buyback 2024) Detail

Founded in 2007, Bajaj Auto Limited is a multinational automobile manufacturer based in Pune, India. Initially, it was known for its scooters, but over the years, the company expanded its product range to include motorcycles and three-wheelers. Bajaj Auto offers a wide range of motorcycles that cater to different market segments. Some of the most popular motorcycle models include the Pulsar series, Dominar, Avenger, and Platina.

The company has exported its two-wheelers to Africa, Latin America, the Middle East, and South East Asia.

Bajaj Auto is known for its focus on innovation and technological advancement. The company has introduced features like DTS-i (Digital Twin Spark Ignition) technology in its motorcycles that aim to improve fuel efficiency and performance.

Bajaj Auto is the first two and three-wheeler company in the world to achieve a market capitalization of INR one trillion and continues to be the most valuable two and three-wheeler company in the world.

Bajaj Auto Buyback 2024 Detail

Issue PeriodMarch 6, 2024 - March 13, 2024
Security NameBajaj Auto Limited
Issue TypeTender Offer
Issue Size (Shares)4,000,000 (1.41 % of Total number of equity Shares)
Issue Size (Amount)₹4,000.00 Crores
Buyback Price₹10000 per share
Face Value₹10 per share
Listing AtBSE, NSE

Bajaj Auto Buyback 2024 Issue Timetable

Last Date to buy sharesFebruary 28, 2024
Record DateFebruary 29, 2024
Offer Opens OnMarch 6, 2024
Last Date for receipt of Tender FormsMarch 13, 2024
Offer Closes On *March 13, 2024
Finalisation of Buyback AcceptanceMarch 19, 2024
Last Date for settlment of bidsMarch 20, 2024
Last Date for Extinguishment of SharesMarch 26, 2024
* Last Date to Tender shares on Zerodha : March 12, 2024

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.600,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date.3,400,000.00

Company Financials

Bajaj Auto Limited Financial Information (Restated Consolidated)

Bajaj Auto Limited's revenue increased by 9.34% and profit after tax (PAT) dropped by -1.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets35,136.4535,111.2133,601.71
Revenue34,391.5137,642.9034,428.8529,017.54
Profit After Tax5,696.816,060.216,165.874,857.02
Reserves and Surplus25,142.9026,379.4324,912.89
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 8,325.05 7,655.75 7,857.95
Jan-2024 7,667.55 6,665.05 7,171.90
Dec-2023 6,797.25 6,046.05 6,324.41

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2024 8,325.80 7,653.85 7,857.23
Jan-2024 7,663.55 6,662.50 7,171.38
Dec-2023 6,801.00 6,046.60 6,323.84

Necessity of the Issue

The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. 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 Buyback 2024 Documents

Bajaj Auto Buyback 2024 Rating

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Company Contact Information

Bajaj Auto Limited
Pune Road, Akurdi
Pune
411035

Phone: +91 20 27472851
Email: investors@bajajauto.co.in
Website: https://www.bajajauto.com

Bajaj Auto Buyback 2024 Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: bajajauto.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Bajaj Auto Buyback 2024 Manager

Lead Manager(s)

  1. Jm Financial Limited

Registered Broker

  1. JM Financial Services Limited
    Email: sanjay.bhatia@jmfl.com

Find Bajaj Auto Buyback 2024 Latest Update

Bajaj Auto Buyback 2024 FAQs

The Bajaj Auto Buyback 2024 opens on March 6, 2024, and closes on March 13, 2024.

Last date to be eligible to participate in buyback is February 28, 2024.

The Bajaj Auto Buyback 2024 is a Tender Offer.

Bajaj Auto Buyback 2024 Schedule

Buyback Opening DateMarch 6, 2024
Buyback Closing DateMarch 13, 2024
Last Date for receipt of Tender FormsMarch 13, 2024
Finalisation of Buyback AcceptanceMarch 19, 2024
Last Date for settlment of bidsMarch 20, 2024
Last Date for Extinguishment of SharesMarch 26, 2024

The Bajaj Auto Buyback 2024 is being offered at Rs ₹10000 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date.600,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date.3,400,000.00

The record date for the Bajaj Auto Buyback 2024 is February 29, 2024.

The issue size of Bajaj Auto Buyback 2024 is of 4,000,000 equity shares at ₹10000 per share aggregating upto ₹4,000.00 Crores.

The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. 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.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Bajaj Auto Buyback 2024 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.


156 Comments

156. Suhas     Link|April 2, 2024 11:49:15 AM
Till date my buyback share amount not credited in my account , what should I do now?
156.1. Vimal Garodia     Link|April 3, 2024 8:44:27 AM
Suhas,

Please check your Demat or Trading Ac, you might have the funds deposited there..

If not, then, as suggested by RoK, i am copy pasting his post..🙏🙏

Ask kfin to send the transaction details, then forward it to your bank. If nothing works then raise a complaint at SEBI scores portal.
https://scores.gov.in
155. Mohahmed Farooq Surmawala     Link|March 29, 2024 5:51:31 PM
My bank Account also still not credited awaiting reply from kFintech.
Its better not to involve in such activity usually its our loss end of the day
155.2. aryan sa     Link|March 31, 2024 6:43:50 PM
Same i have not received money from one acc kfin saying they have transferred the money don’t know what to do now
155.3. RoK   I Like It. 1|  Link|March 31, 2024 8:30:53 PM
Ask kfin to send the transaction details, then forward it to your bank. If nothing works then raise a complaint at SEBI scores portal.
https://scores.gov.in
154. montu parashar     Link|March 22, 2024 1:10:45 AM
If buyback amount not credited in bank then check there demat account fund balance some time resitrar credit amount in demat account instead of bank account...
154.1. jasmin     Link|March 22, 2024 11:23:22 AM
I cheak both pleace but not credited any single place so what should i dk
154.2. montu parashar     Link|March 22, 2024 11:40:21 AM
Mail to resitrar.if fund not credited yet...
153. Hasan     Link|March 20, 2024 1:46:29 PM
Any one get money in bank???
153.2. Yashashwi     Link|March 20, 2024 9:20:54 PM
Charges would have been deducted from zerodha balanc
153.3. Sachin     Link|March 22, 2024 10:55:42 AM
My buybuck amount also didn't credit to my account this fault for register kfin technology
152. Pawan Sanwal     Link|March 21, 2024 12:00:25 AM
I tendered 2 shares from 2 individual accounts. Both accepted from grow. Tendered on first day as early as the buyback opened. But didnt recieve money yet
152.1. akshaydonga     Link|March 21, 2024 12:25:40 PM
Share debited but didn’t credited money in bank account any one facing same issue ?
152.2. Pawan Sanwal     Link|March 21, 2024 11:48:29 PM
Money will be credited to ur demate account nog in ur bank account
151. Vikas Lohia     Link|March 19, 2024 3:47:23 PM
Anyone got alert from Hdfc Securites?
151.7. RoK     Link|March 21, 2024 2:24:59 PM
Pankul ji, don't worry, some banks are slow, they will credit the money.
151.8. akshaydonga     Link|March 21, 2024 10:11:33 PM
@pankul have you received buyback money in bank account ? Im also facing same issue
150. Dalubha Makvana     Link|March 21, 2024 3:18:26 PM
I have 1 share bid on 06 March 2024 then not accept and got sms like "CDSL: Debit in a/c *XXXXXX28 for BAJAJ AUTO - EQ on 20 MAR 2024"
149. Thiagarajan Ramasamy     Link|March 21, 2024 12:59:59 PM
Tendered 1 share through Nuvama and the same got accepted . Nuvama raised contract note for brokerage and stt amounting to 70 approx. But for 3 single shares tendered through Axis Direct they have not raised contract note for brokerage and stt. Pyment of 4X 10K received yesterday. Anyone received contract note from Axis Direct?
148. Pankaj sharma     Link|March 21, 2024 9:57:58 AM
My Rm in infoline does not submit one share in buyack as I have instructed him on first day over whatapp. Where does I should put complaint against him pls guide..
147. Manish     Link|March 20, 2024 9:59:29 PM
Amount credited for 1 share in Dhan. But still waiting for another 1 share in other dhan account, however get the confirmation for both the accounts....
146. Mudassir     Link|March 20, 2024 9:59:29 PM
I had applied 1 share on very 1st day but didn't received mail for contract details but got debit mail at morning and at non time also got credit mail😅. Is my share get accepted or not??
145. Yuv     Link|March 20, 2024 9:40:06 PM
I applied from 5 accounts all debited and I hv received money from 2 accounts till now... anyone facing same problem??
144. Bhavesh     Link|March 20, 2024 7:24:28 PM
Amount Received in bank account
143. Kamal     Link|March 20, 2024 5:44:04 PM
4 Account and 4 Bajaj Auto shar (one share in each account) gone in buyback, Share debited yesterday evening.
Payment not received.
142. dX     Link|March 20, 2024 5:37:24 PM
Wo sab to thik hai par PAISA kabtak credit hoga bank account me..?
141. RoK     Link|March 20, 2024 5:09:49 PM
Didn't accept my single share.
Tendered 1 share on the first day through HDFC Securities. Share credited back to my demat.
140. montu parashar     Link|March 20, 2024 2:59:01 PM
8 out from ten individual zeroda account...
139. Anupam     Link|March 20, 2024 2:05:57 PM
7 out 7 in different broker accepted buying price around 7300,
Groww, Dhann, upstox, zerodha all accepted 1 share,
Got m
Contract note via mail today and from cdsl for debit transaction as well,
Anyone can tell when the amount got credited in bank?
138. Ajit Kumar     Link|March 17, 2024 9:25:57 AM
Bajaj Auto 1 share strategy failed completely...I have 12 different accounts from Groww ...all 0 accepted....alas😔😵‍💫😵‍💫😵‍💫😫😫🤮😭😭😭😭.... Not even 1 share accepted.....all 12 account failed....
138.10. U S     Link|March 19, 2024 2:26:29 PM
1 Share strategy works perfectly in Bajaj Auto, Almost 100% ratio.
138.11. Bull always     Link|March 20, 2024 12:44:33 PM
Accepted one share strategy.👍
137. Mahesh Garg     Link|March 19, 2024 4:01:31 PM
Anyone got messages from Zerodha for acceptance or rejection of share
137.6. Pritesh     Link|March 19, 2024 9:39:39 PM
Yes got the email... single share accepted.
137.7. Bhavesh     Link|March 20, 2024 12:44:26 PM
6/6

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