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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. KFintech Private 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

Find Jagran Prakashan Buyback Latest Update

Jagran Prakashan Buyback FAQs

The Jagran Prakashan Buyback opens on Mar 8, 2021, and closes on Sep 7, 2021.

The Jagran Prakashan Buyback is a Open Market Through Stock Exchange.

Jagran Prakashan Buyback Schedule

Buyback Opening DateMar 8, 2021
Buyback Closing DateSep 7, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Jagran Prakashan Buyback is being offered at Rs ₹60 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 Jagran Prakashan Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹118.00 Crores with pricing of Rs.₹60 per share.

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;

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 Jagran Prakashan 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.


1 Comments

1. Milton  Mar 11, 2021 12:05 I Like It. | Report Abuse Reply
@Aniketiaf - sir... how is quick heal buyback? should we go for it?