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Mar 8, 2021 - Sep 7, 2021

Jagran Prakashan Limited Buyback (Jagran Prakashan Buyback) Detail

Incorporated in July 1975 as "Jagran Prakashan Private Limited", the company's name was last changed from Jagran Prakashan Private Limited to Jagran Prakashan Limited, in November 2005.

Jagran Prakashan Limited is a media conglomerate with interests spanning across printing and publication of newspapers and magazines, FM radio, digital, outdoor advertising and promotional marketing, event management, and on-ground activation businesses.

The company and its subsidiaries publish 10 (ten) publications from 33 (thirty-three) different printing facilities across 13 (thirteen) states in 5 (five) different languages. Their publication Dainik Jagran is the highest read daily for the last thirteen years. The company has won over 165 National and International awards in the last five years.

Jagran Prakashan Buyback Detail

Issue PeriodMar 8, 2021 - Sep 7, 2021
Security NameJagran Prakashan Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹118.00 Crores
Buyback Price₹60 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 17,898.73 19,650.07 19,247.38
Profit After Tax 2,622.83 2,199.12 2,660.13
Net Worth 13,717.20 13,399.97 15,213.14

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 60.3 39.9 46.9
Jan-2021 46.8 39.7 43.52
Dec-2020 46.95 39.05 42.93

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 60.4 40.3 46.89
Jan-2021 46.7 39.15 43.54
Dec-2020 46.9 39.1 42.9

Necessity of the Issue

The Buy-back is being undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders' value;
iii) To return surplus cash to its shareholders; and
iv) To improve return on equity, by reduction in the equity base;

Jagran Prakashan Buyback Documents

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Company Contact Information

Jagran Prakashan Limited
Jagran Building, 2, Sarvodaya Nagar
Kanpur- 208005


Phone: +91-5122216161
Email: investor@sjagran.com
Website: http://www.jplcorp.in

Jagran Prakashan 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: jagran.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

Jagran Prakashan Buyback Manager

Lead Manager(s)

  1. Ernst & Young Merchant Banking Services LLP

Registered Broker

  1. YES Securities (India) Limited
    Email: shailesh.jagdale@ysil.in

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1 Comments

1. Milton  
@Aniketiaf - sir... how is quick heal buyback? should we go for it?