Open Market Through Stock Exchange | ₹2,500.00 Crores | Listing at BSE, NSE | Mon, Jul 4, 2022 - Mon, Oct 10, 2022
Bajaj Auto Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹4600 per share with a face value of ₹10 per share, aggregating to ₹2,500.00 crores.
The buyback opens on Jul 4, 2022 and closes on Oct 10, 2022.
JM Financial Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and JM Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Bajaj Auto Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Jul 4, 2022
Offer Closing Date
Mon, Oct 10, 2022
Buyback Price
₹4600 per share
Record Date
[.]
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2021 | 3,341.50 | 3,100.10 | 3,238.03 |
| Jan-2022 | 3,554.75 | 3,275.90 | 3,419.50 |
| Feb-2022 | 3,635.10 | 3,454.60 | 3,552.12 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2021 | 3,344.75 | 3,105.20 | 3,238.45 |
| Jan-2022 | 3,564.65 | 3,277.10 | 3,420.08 |
| Feb-2022 | 3,632.15 | 3,458.65 | 3,553.09 |
The buyback is being undertaken for the following reasons:
Bajaj Auto Ltd.
Akurdi
Pune
411 035
Pune, Maharashtra
Lead Manager(s)
Registered Broker
The Bajaj Auto Buyback opens on July 4, 2022, and closes on October 10, 2022.
The Bajaj Auto Buyback is a Open Market Through Stock Exchange.
Bajaj Auto Buyback Schedule
| Buyback Opening Date | July 4, 2022 |
| Buyback Closing Date | October 10, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Bajaj Auto Buyback is being offered at Rs ₹4600 per share.
There is no ratio applicable in case of open market offer 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:
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.
