Tender Offer | ₹166.49 Crores | Listed at BSE, NSE | Fri, Jul 5, 2024 - Thu, Jul 11, 2024
Bajaj Consumer Care Ltd. Buyback is a tender offer for the repurchase of up to 0.57 crore equity shares, representing 4.02% of the total paid-up equity share capital at a buyback price of ₹290 per share with a face value of ₹1 per share, aggregating to ₹166.49 crores.
The record date for determining eligible shareholders is Jul 2, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jul 5, 2024 and closes on Jul 11, 2024, with the last date for receipt of tender forms being Jul 11, 2024.
The finalisation of buyback acceptance is expected on Jul 16, 2024, followed by settlement of bids on Jul 18, 2024.
IIFL Capital Services Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and IIFL Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Bajaj Consumer Care Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Jul 5, 2024
Offer Closing Date
Thu, Jul 11, 2024
Buyback Price
₹290 per share
Record Date
July 2, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 93 Fully paid-up Equity Shares held on the Record Date. | 861,150.00 |
| General Category for all other Eligible Shareholders | 6 Equity Shares out of every 93 Fully paid-up Equity Shares held on the Record Date. | 4,879,850.00 |
Bajaj Consumer Care Limited's revenue increased by 3.09% and profit after tax (PAT) rose by 11.65% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,009.59 | 949.64 | |
| Revenue | 1,028.79 | 997.94 | 918.60 |
| Profit After Tax | 155.43 | 139.22 | 169.64 |
| Net Worth | 830.58 | 789.68 | 809.63 |
| Amount in ₹ Crore | |||
Founded in 2006, Bajaj Consumer Care Limited, originally incorporated as Bhaumik Agro Products Private Limited, is one of the leading FMCG brands in India, providing hair and skin care products to consumers across the globe.
The company's product portfolio includes Bajaj Almond Drops, Bajaj Coco Onion, Bajaj 100% Coconut Oil, Bajaj Brahmi Amla and Bajaj no marks ayurvedic, etc.
The company distributes its personal care brands in more than 33 countries. The company's customer base comes from countries like SAARC, Gulf and Middle East, ASEAN and Africa.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2024 | 271.00 | 229.80 | 241.92 |
| Apr-2024 | 247.85 | 213.15 | 229.18 |
| Mar-2024 | 240.75 | 206.00 | 222.00 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2024 | 271.00 | 229.80 | 241.90 |
| Apr-2024 | 247.80 | 213.05 | 229.28 |
| Mar-2024 | 240.60 | 205.50 | 222.11 |
The Buyback is being undertaken for the following reasons:
Bajaj Consumer Care Ltd.
Old Station Road,
Scvashram Chouraha,
Udaipur - 313001
Udaipur, Rajasthan, 313001
Lead Manager(s)
Registered Broker
The Bajaj Consumer Care Buyback 2024 opens on July 5, 2024, and closes on July 11, 2024.
Last date to be eligible to participate in buyback is July 1, 2024.
The Bajaj Consumer Care Buyback 2024 is a Tender Offer.
Bajaj Consumer Care Buyback 2024 Schedule
| Buyback Opening Date | July 5, 2024 |
| Buyback Closing Date | July 11, 2024 |
| Last Date for receipt of Tender Forms | July 11, 2024 |
| Finalisation of Buyback Acceptance | July 16, 2024 |
| Last Date for settlment of bids | July 18, 2024 |
| Last Date for Extinguishment of Shares | July 19, 2024 |
The Bajaj Consumer Care Buyback 2024 is being offered at Rs ₹290 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 93 Fully paid-up Equity Shares held on the Record Date. | 861,150.00 |
| General Category for all other Eligible Shareholders | 6 Equity Shares out of every 93 Fully paid-up Equity Shares held on the Record Date. | 4,879,850.00 |
The issue size of Bajaj Consumer Care Buyback 2024 is 57,41,000 equity shares at ₹290 per share aggregating up to ₹166.49 Crores.
The Buyback is being undertaken for the following reasons:
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 Consumer Care 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.
