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September 21, 2023 - September 27, 2023

BSE Limited Buyback (BSE Buyback July 2023) Detail

Incorporated in 2005, BSE (formerly known as the Bombay Stock Exchange) is the first Indian Stock Exchange of India which started its operations over a century ago. The company's head office is located on Dalal Street in Mumbai.

With the formation of BSE, numeration remarkable changes and adaptations were made in the Indian Securities Market in order to align the segment with international customs.

Bombay Stock Exchange was founded by Premchand Roychand in 1875. And as of today after more than 125 years, BSE is one of the largest stock exchanges in the world by Market Capitalization. BSE was also the first Stock Exchange in Asia when it was established.

BSE Limited is the functionary of the BSE Exchange (Bombay Stock Exchange), regarded as India's largest stock exchange by the number of companies listed. Over 5000 companies are listed on BSE, the highest in any exchange around the world.

BSE offers trading in Equity, Debt Instruments, Derivatives, Mutual Funds, and SME Equity. BSE also offers services including risk management, clearing, settlement, market data services, IT services and solutions, licensing index products such as the S&P BSE SENSEX, and financial & capital markets training.

BSE Buyback July 2023 Detail

Issue PeriodSeptember 21, 2023 - September 27, 2023
Security NameBSE Limited
Issue TypeTender Offer
Issue Size (Shares)3,470,370
Issue Size (Amount)₹374.80 Crores
Buyback Price₹1080 per share
Face Value₹2 per share
Listing AtNSE

BSE Buyback July 2023 Issue Timetable

Last Date to buy sharesSeptember 13, 2023
Record DateSeptember 14, 2023
Offer Opens OnSeptember 21, 2023
Last Date for receipt of Tender FormsSeptember 27, 2023
Offer Closes On *September 27, 2023
Finalisation of Buyback AcceptanceOctober 4, 2023
Last Date for settlment of bidsOctober 5, 2023
Last Date for Extinguishment of SharesOctober 16, 2023
* Last Date to Tender shares on Zerodha : September 26, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.520,556.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.2,949,814.00

Company Financials

BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets4,475.774,627.086,185.405,993.81
Revenue630.00654.65863.53953.94
Profit After Tax120.61141.70244.93205.65
Net Worth
Reserves and Surplus2,406.392,473.642,613.132,648.25
Total Borrowing
Amount in ₹ Crore

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2023 1,084.90 804.00 893.05
Jul-2023 814.00 611.75 733.72
Jun-2023 624.30 551.45 579.01

Necessity of the Issue

The proposed Buy-back will help the Company achieve the following objectives:

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

BSE Buyback July 2023 Documents

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Company Contact Information

BSE Limited
26th floor, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001

Phone: 91-22-22721233/4
Email: corp.comm@bseindia.com
Website: https://www.bseindia.com/index.html

BSE Buyback July 2023 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: bse.buyback23@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

BSE Buyback July 2023 Manager

Lead Manager(s)

  1. Nuvama Wealth Management Limited

Registered Broker

  1. Nuvama Wealth Management Limited
    Email: instops@nuvama.com

Find BSE Buyback July 2023 Latest Update

BSE Buyback July 2023 FAQs

The BSE Buyback July 2023 opens on September 21, 2023, and closes on September 27, 2023.

Last date to be eligible to participate in buyback is September 13, 2023.

The BSE Buyback July 2023 is a Tender Offer.

BSE Buyback July 2023 Schedule

Buyback Opening DateSeptember 21, 2023
Buyback Closing DateSeptember 27, 2023
Last Date for receipt of Tender FormsSeptember 27, 2023
Finalisation of Buyback AcceptanceOctober 4, 2023
Last Date for settlment of bidsOctober 5, 2023
Last Date for Extinguishment of SharesOctober 16, 2023

The BSE Buyback July 2023 is being offered at Rs ₹1080 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.520,556.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.2,949,814.00

The record date for the BSE Buyback July 2023 is September 14, 2023.

The issue size of BSE Buyback July 2023 is of 3,470,370 equity shares at ₹1080 per share aggregating upto ₹374.80 Crores.

The proposed Buy-back will help the Company achieve the following objectives:

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

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 BSE Buyback July 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.


13 Comments

13. amit     Link|September 14, 2023 10:25:16 PM
What should one do after record date, any suggestion of sell or anything
12. Pbdrajkot     Link|September 14, 2023 2:40:55 PM
If they like to revise then they have to announce today only. Wait for update and action from BSE LTD
11. k l patel     Link|September 14, 2023 2:31:52 PM
on record date bse trading @1300 against BB price of 1080, lets see what happens, whether price wil b revised or not
10. montu parashar     Link|July 28, 2023 4:12:11 PM
What happen if current price cross buyback price.is it possible they increase buyback price....
10.3. vibhor saxena     Link|September 1, 2023 5:49:42 PM
price has been extended to 1080
10.4. KAMMA SIVA RAMA KRISHNA     Link|September 1, 2023 9:43:23 PM
CMP is around Rs.1126/- i.e., more than the Buyback Price. No use.
9. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|July 20, 2023 6:02:53 PM
INDIAMART INTERNATIONAL LIMITED

BUYBACK MODE: Tender Offer
PRICE: Rs. 4000/-
SIZE: 12,50,000 shares (Representing 2.04%, of the total number of Equity Shares in the total existing paid-up equity capital of the Company as on June 30, 2023.)
RECORD DATE: Yet to be announced.
Happy investing n all the best.
8. Build Wealth     Link|July 20, 2023 10:42:50 AM
record date?
7. Pratham     Link|July 16, 2023 9:28:49 PM
Seems acceptance ratio like Wipro on cards as price gap reduces.
6. Mohsin Patel     Link|July 15, 2023 3:01:52 PM
Aarti Drugs Limited Buyback 2023.
board meeting on 21th July.
5. Akshay     Link|July 9, 2023 11:25:45 PM
Will 1 share buyback strategy work??
5.1. Dharmen Thakkar   I Like It. 1|  Link|July 10, 2023 1:47:09 PM
Less Chances. There is no Promoter Holding. So EVERYONE is going to participate.
4. Manoj Gilda     Link|July 9, 2023 3:15:32 PM
If I buy BSE India shares tomorrow 10/07/23 Monday, will I be eligible for the buy back offer from BSE India??
3. DuckkyDuck     Link|July 8, 2023 1:10:51 PM
I think ER will be almost similar in retail(less than 2lac) and general(more than 2lac).
Disclaimer: this is just my opinion by seeing shareholding pattern. I could wrong as well.
2. DRR     Link|July 6, 2023 6:10:25 PM
BSE Buyback
Buy back shares – 45,93,137
Retail 15% quota shares – 6,88,971
No of share holders < 2 Lakh – 4,52,353 and no of shares held by them are 6, 07, 99, 312
ER = 6,88,971/6,07,99,312 =1.33%
Is it really beneficial buyback????
2.3. sunsan     Link|July 7, 2023 5:27:25 AM
The data given in shareholding pattern is for equity capital of less than 2 lacs. Since face value of BSE is Rs 2 , it indicates shareholders upto 100000 shares. Retail investor in buyback i.e. less then 2 lacs value will be much lesser.
2.4. DRR     Link|July 7, 2023 6:02:27 AM
Collected from below link for no of share holders below 2 lakh
https://trendlyne.com/equity/share-holding/52884/BSE/latest/bse-ltd/#public-non-institutional-holding
1. Anurag     Link|July 6, 2023 4:16:24 PM
Isme voting hogi ya seedhe record date announce hogi?

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