Open Market Through Stock Exchange | ₹21.00 Crores | Listing at BSE, NSE | Wed, Jan 25, 2023 - Thu, Feb 9, 2023
KDDL Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹1200 per share with a face value of ₹10 per share, aggregating to ₹21.00 crores.
The buyback opens on Jan 25, 2023 and closes on Feb 9, 2023.
ITI Capital Ltd. is the Manager to the Buyback and MAS Services Ltd. is the Registrar and Antique Stock Broking Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the KDDL Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Jan 25, 2023
Offer Closing Date
Thu, Feb 9, 2023
Buyback Price
₹1200 per share
Record Date
[.]
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 658.35 | -1.97 | 185.76 | 183.44 |
| 31-Mar-21 | 567.24 | 6.97 | 186.56 | 155.82 |
| 31-Mar-22 | 831.58 | 37.15 | 251.6 | 154.98 |
| Amount in ₹ Crore | ||||
KDDL Limited is engaged in the manufacturing of watch components and precision engineering products. It is one of India’s leading watch components manufacturers for over three decades.
KDDL supplies watch components to domestic and international luxury watch brands. KDDL Limited recently acquired Estima AG, an established maker of watch hands in Switzerland.
KDDL caters to various industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defence industry through precision engineering products like electrical connectors and terminals, components of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc.
KDDL also manufactures ornamental packaging boxes for watches, jewellery, and writing instruments.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 1,124.45 | 943.20 | 1,018.31 |
| Nov-2022 | 1,064.40 | 907.55 | 984.57 |
| Oct-2022 | 1,155.50 | 948.85 | 1,041.44 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 1,125.00 | 949.25 | 1,017.99 |
| Nov-2022 | 1,072.00 | 906.60 | 985.47 |
| Oct-2022 | 1,155.90 | 949.60 | 1,042.32 |
The buyback is being undertaken by the company for the following reasons:
KDDL Ltd.
Plot No. 3,
Sector III,
Parwanoo (H.P.) Pin- 173220
Parwanoo, Himachal Pradesh, 173220
Lead Manager(s)
Registered Broker
The KDDL Buyback 2023 opens on January 25, 2023, and closes on February 9, 2023.
The KDDL Buyback 2023 is a Open Market Through Stock Exchange.
KDDL Buyback 2023 Schedule
| Buyback Opening Date | January 25, 2023 |
| Buyback Closing Date | February 9, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The KDDL Buyback 2023 is being offered at Rs ₹1200 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The KDDL Buyback 2023 has announced a buyback for an aggregate amount of not more than Rs. ₹21.00 Crores with pricing of Rs. ₹1200 per share.
The buyback is being undertaken by the company 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 KDDL Buyback 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.
