The Bajaj Auto Limited date has been confirmed from March 6, 2024-March 13, 2024. Read the post to learn about Bajaj Auto Buyback.
Bajaj Auto Limited Buyback, a transnational auto manufacturer grounded in Pune, India, was innovated in 2007. Over time, the establishment expanded its product line to include motorcycles and three- wheelers, but its original focus was still on scooters. Bajaj Auto sells several bikes that suit different request sectors. The Avenger, Dominar, Pulsar, and Platina series are the most popular motorcycle models.
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Key Details Of Bajaj Auto Limited Buyback
Bidding Dates
March 6-13
Buyback Price
₹10000 per share
Face Value
₹10 per share
Offer Closes On
March 13
Bajaj Auto Limited Buyback
The Bajaj Auto Limited Buyback Price is ₹10000 per share.
Bajaj Auto Limited Buyback Overview
Bajaj Auto Limited, a transnational carmaker innovated in 2007, is headquartered in India’s Pune. The business was firstly well- known for making scooters, but as time passed, it ultimately started making motorcycles and three- wheelers. Bajaj Auto offers a range of bikes that feed to different request parts. Among the most popular motorcycle models are those from the Dominar, Avenger, Platina, and Pulsar series. The establishment has transferred its two- wheelers to the Middle East, Latin America, Africa, and Southeast Asia.
Bajaj Auto is known for promoting invention and slice- edge technologies. The company has introduced advancements to their bikes, similar to DTS- i (Digital Twin Spark Ignition) technology, to boost performance and energy frugality. Bajaj Auto was the first company in the world to achieve a request worth INR one trillion and the most precious two- and three- wheeler company worldwide.
Bajaj Auto Limited Buyback Detail
| Issue Period | March 6, 2024 – March 13, 2024 |
| Security Name | Bajaj Auto Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 4,000,000 (1.41 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹4,000.00 Crores |
| Buyback Price | ₹10000 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Bajaj Auto Limited Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 35,136.45 | 35,111.21 | 33,601.71 | |
| Revenue | 34,391.51 | 37,642.90 | 34,428.85 | 29,017.54 |
| Profit After Tax | 5,696.81 | 6,060.21 | 6,165.87 | 4,857.02 |
| Reserves and Surplus | 25,142.90 | 26,379.43 | 24,912.89 | |
| Amount in ₹ Crore | ||||
Bajaj Auto Limited Buyback Issue Timetable
| Last Date to buy shares | February 28, 2024 |
| Record Date | February 29, 2024 |
| Offer Opens On | March 6, 2024 |
| Last Date for receipt of Tender Forms | March 13, 2024 |
| Offer Closes On * | March 13, 2024 |
| Finalisation of Buyback Acceptance | March 19, 2024 |
| Last Date for settlment of bids | March 20, 2024 |
| Last Date for Extinguishment of Shares | March 26, 2024 |
Company Profile
Necessity of the Issue
The Company’s fiscal plan is designed to increase shareholder returns while promoting the company’s long- term growth. The company’s capability to award its shareholders occasionally, as it has done in this case, while maintaining acceptable capital for growth investments and prospects is made possible by its expansion, strong cash creation, and sound balance distance position. By effectively and efficiently giving shareholders their fat cash back, the Buyback strengthens the company’s commitment to them and will increase its gains per share and return on equity.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bajaj Auto Limited |
| Phone number | +91 20 27472851 |
| Email ID | [email protected] |
| Website | bajajauto.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Customers based in the United States are heavily relied upon.
- Multiple rules and regulations must be followed in these nations to ensure compliance.
- Competition from other players in the market.
Bajaj Auto Limited IPO FAQs
Which is the last day to buy Bajaj Auto Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is February 28, 2024.
What is the offer price for Bajaj Auto Buyback 2024 offer?
The Bajaj Auto Buyback 2024 is being offered at Rs ₹10000 per share per equity share.
What is the record date for Bajaj Auto Buyback 2024 offer?
The record date for the Bajaj Auto Buyback 2024 is February 29, 2024.
What is the issue size of Bajaj Auto Buyback 2024?
The issue size of Bajaj Auto Buyback 2024 is of 4,000,000 equity shares at ₹10000 per share aggregating upto ₹4,000.00 Crores.
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