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Jul 4, 2022 - Jan 3, 2023

Bajaj Auto Limited Buyback (Bajaj Auto Buyback) Detail

Bajaj Auto Limited is a leading manufacturer of motorcycles and three-wheelers in India. The company manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. Bajaj Auto sold more than 18 million motorcycles in over 70 countries. The company is India's No.1 motorcycle exporter with two out of three bikes sold internationally carrying a Bajaj badge.

The company is also the world's largest manufacturer of three-wheelers. Bajaj Auto is the first two-wheeler and three-wheeler company in the world to have reached a market capitalisation of INR one trillion and continues to be the world's most valuable two and three-wheeler company.

Bajaj Auto Buyback Detail

Issue PeriodJul 4, 2022 - Jan 3, 2023
Security NameBajaj Auto Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹2,500.00 Crores
Buyback Price₹4600 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crore)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 34,428.85 29,017.54 31,443.22
Profit After Tax 6,165.87 4,857.02 5,211.91

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3341.5 3100.1 3238.03
Jan-2022 3554.75 3275.9 3419.5
Feb-2022 3635.1 3454.6 3552.12

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3344.75 3105.2 3238.45
Jan-2022 3564.65 3277.1 3420.08
Feb-2022 3632.15 3458.65 3553.09

Necessity of the Issue

The buyback is being undertaken for the following reasons:

  • The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

Bajaj Auto Buyback Documents

Bajaj Auto Buyback Rating

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Company Contact Information

Bajaj Auto Limited
Akurdi
Pune
411 035

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

Bajaj Auto Buyback 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: einward.ris@kfintech.com
    Website: https://karisma.kfintech.com/

Bajaj Auto Buyback Manager

Lead Manager(s)

  1. JM Financial Consultants Private Limited

Registered Broker

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

Find Bajaj Auto Buyback Latest Update

Bajaj Auto Buyback FAQs

The Bajaj Auto Buyback opens on Jul 4, 2022, and closes on Jan 3, 2023.

The Bajaj Auto Buyback is a Open Market Through Stock Exchange.

Bajaj Auto Buyback Schedule

Buyback Opening DateJul 4, 2022
Buyback Closing DateJan 3, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Bajaj Auto Buyback is being offered at Rs ₹4600 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 Bajaj Auto Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹2,500.00 Crores with pricing of Rs.₹4600 per share.

The buyback is being undertaken for the following reasons:

  • The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

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 Bajaj Auto Buyback 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.


2 Comments

2. montu parashar   I Like It. | Report Abuse |   Link | Jun 30, 2022 6:15:52 PM Reply
Ye soch kar Bajaj auto buy kiya ki tender buyback hoga.par ye to kuch or hi ho gaya.tender buyback nahi yai.compny open market se share buyback karegi...
1. Scrip   I Like It. | Report Abuse |   Link | Jun 29, 2022 10:37:41 PM Reply
isne management ki dhajiya ura di hai.
there is loss of faith due to recent buyback decision
1.1. amit K singh   I Like It. | Report Abuse |   Link | Jun 30, 2022 4:31:05 PM
very stingy management..