The KRBL Buyback date has been Recorded on August 25. Read the post to learn about KRBL Buyback 2023.
KRBL Limited, founded in 1993, is actively involved in manufacturing and marketing rice products. It is a leading international rice producer and marketer of famed basmati rice, with its largest factory covering an area of 200 acres in Punjab, India.
Start your investing journey today. Find the latest information on Upcoming Buyback.
Key Details Of KRBL Buyback 2023:
Record Date
August 25, 2023
Buyback Price
₹500 per equity share
Face Value
₹1 per share
Offer Closes On
September 6, 2022
KRBL Buyback Price
The KRBL Buyback price is ₹[500 per equity share ].
KRBL Buyback IPO Overview
The corporation’s wide variety of goods consists of over 14 labels belonging to the famous India Gate brand – a well-known basmati rice label. India Gate makes up 67% of the total branded basmati rice collection. Among the notable labels under India Gate are India Gate Classic, Unity Basmati Briyani Rice, India Gate Brown Rice, India Gate Jeera Rice, and others. KRBL has built a strong presence on 6 continents and conducts business in 82 nations. Moreover, it has a strong network of more than 500 local retailers and distributors.
KRBL Buyback IPO Date & Price Band Details
| Issue Period | August 31, 2023 – September 6, 2023 |
| Security Name | KRBL Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,500,000 |
| Issue Size (Amount) | ₹325.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
KRBL Date Listing
| Last Date to buy shares | August 24, 2023 |
| Record Date | August 25, 2023 |
| Offer Opens On | August 31, 2023 |
| Last Date for receipt of Tender Forms | September 6, 2023 |
| Offer Closes On * | September 6, 2023 |
| Finalisation of Buyback Acceptance | September 12, 2023 |
| Last Date for settlment of bids | September 13, 2023 |
| Last Date for Extinguishment of Shares | August 25, 2023 |
Company Profile
On a global basis, KRBL is the top rice milling and exporting enterprise for premium basmati rice. Situated in Punjab, India, their excellent property covers a wide 200 acres. With more than 14 different variations, the India Gate brand stands out among its extensive product line. One specific brand of basmati rice makes up 67% of all the available basmati rice options. Among the notable brands in their assortment are India Gate Brown Rice, India Gate Jeera Rice, Unity Basmati Briyani Rice, and India Gate Classic. The creator of these well-known brands, KRBL, is a
worldwide force that operates in 82 countries and 6 continents. Additionally, they’ve successfully created a KRBL with an extensive network of over 500 local dealers and distributors. Their manufacturing plant has an impressive ability to grind 195 metric tons of paddy every hour. Additionally, their storage space spans 346 acres, allowing them to keep more than 1 million metric tons of rice and paddy.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | (011) 4254 1234 |
| Email ID | [email protected] |
| Website | http://ipo.alankit.com/ |
Contact Details
| Name | KRBL Buyback Limited |
| Phone number | +91-11-23968328 |
| Email ID | [email protected] |
| Website | https://krblrice.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
- 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.
KRBL Buyback FAQs
Is KRBL Buyback 2023 good or bad?
The KRBL 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.
When is KRBL Buyback 2023 Record Date?
KRBL buyback 2023 record date is August 25, 2023.
What is KRBL Buyback 2023 Price?
The company has fixed the price at ₹500 per share.
How to apply for KRBL Buyback 2023?
As per the record date you need to have KRBL shares in your Demat Account. You can participate in buyback after having the stock in your Account.
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