The Bajaj Auto Limited date has been confirmed from March 6, 2024 – March 13, 2024.
India’s Pune is home to the international automaker Bajaj Auto Limited, which was established in 2007. At first, the company gained recognition for producing scooters, but as time went on, it also began to produce motorcycles and three-wheelers. Several motorcycles that appeal to various market niches are available from Bajaj Auto. The Dominar, Avenger, Platina, and Pulsar series are a few of the most well-liked motorcycle models.
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Bidding Dates
March 6-13
Buyback Price
₹10000 per share
Face Value
₹10 per share
Offer Closes On
March 13
Bajaj Auto Limited IPO GMP
The Bajaj Auto Limited Buyback Price is ₹10000 per share.
IPO Overview
India’s Pune is home to the international automaker Bajaj Auto Limited, which was established in 2007. At first, the company gained recognition for producing scooters, but as time went on, it also began to produce motorcycles and three-wheelers. Several motorcycles that appeal to various market niches are available from Bajaj Auto. The Dominar, Avenger, Platina, and Pulsar series are a few of the most well-liked motorcycle models. Southeast Asia, Africa, Latin America, and the Middle East have all received shipments of the company’s two-wheelers.
Bajaj Auto is renowned for emphasising innovation and cutting-edge technology. To increase performance and fuel efficiency, the business has added innovations to its motorcycles, such as DTS-i (Digital Twin Spark Ignition) technology. In addition to being the most valuable two- and three-wheeler firm globally, Bajaj Auto was the first in the world to have a market valuation of INR one trillion.
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 financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company’s commitment to its shareholders by returning surplus
cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | bajajauto.buyback@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bajaj Auto Limited |
| Phone number | +91 20 27472851 |
| Email ID | investors@bajajauto.co.in |
| Website | bajajauto.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
