KRBL buyback 2023 was announced on August 10, 2023. The KRBL buyback period begins on August 31, 2023. The KRBL buyback record date is set for August 25, 2023. To be eligible for the buyback, the investor must purchase KRBL shares prior to the record date.
KRBL’s buyback of 325 crore was approved by the board of directors at a meeting on August 10, 2023. The KRBL buyback will take place using the stock exchange’s Tender Offer process. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of one equity share at a price of 500 per equity share from the shareholders for an amount not exceeding 325 crore. With over a century of industry experience, KRBL Limited has established itself as the leading player in the
Indian rice market as well as India’s first integrated rice company. Operating predominantly in the field of rice product manufacture and marketing, the Company’s success has been obtained by operating responsibly, executing adeptly, manufacturing indicatively, and aggressively catching new prospects.
KRBL has expanded and broadened its product offerings throughout the years, delighting consumers from all over the world. Our presence in a highly consumer-driven sector creates a demand for healthy, well-balanced food goods. With a well-established presence in India, we intend to increase our penetration while also moving into fresh foreign markets.
KRBL Buyback 2023 Dates
| Buyback Meeting Date: | August 10, 2023 |
| Buyback Announcement Date: | August 10, 2023 |
| Buyback Record Date: | August 25, 2023 |
| Last Date to Buy Shares: | August 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | September 10, 2023 |
KRBL Buyback History
- This is the first KRBL buyback, so there is no historical data.
KRBL Buyback 2023 Offer Details
KRBL buyback of 6,500,000 equity shares at a price of ₹500 per equity share. The buyback offers are not to exceed ₹325 crores of the total buyback offer size.
| Offer Amount: | ₹325 Crores |
| Number of Shares: | 65,00,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
KRBL Buyback 2023 Acceptance Ratio
The investor should buy around 208 shares at a current market price of ₹400 (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹165000 | 132 | ₹11484 |
| 50% | ₹165000 | 200 | ₹17400 |
| 75% | ₹165000 | 300 | ₹26100 |
| 100% | ₹165000 | 400 | ₹34800 |
KRBL Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹3992 | ₹3170 | ₹559 |
| 2022 | ₹4211 | ₹3549 | ₹459 |
| 2023 | ₹5363 | ₹4424 | ₹701 |
How to Participate in KRBL Buyback 2023
The investors are eligible for the buyback scheme if they have KRBL shares in their Demat KRBL account as of the Record Date. Eligible shareholders can participate in the KRBL Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the KRBL shares by the company under the KRBL buyback scheme.
KRBL Buyback 2023 Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: (011) 4254 1234
Email: [email protected]
Website: http://ipo.alankit.com
KRBL Company Address
KRBL Limited
5190, Lahori Gate,
Delhi – 110006,
Phone: +91-11-23968328
Email: [email protected]
Website: https://krblrice.com
KRBL Buyback 2023 Lead Managers
- Elara Capital (India) Private
KRBL Buyback 2023 FAQs:
Q1. When is KRBL Buyback 2023 Record Date?
Ans. KRBL buyback 2023 record date is August 25, 2023.
Q2. When is KRBL Buyback 2023 Open Date?
Ans. KRBL buyback 2023 open date is August 31, 2023.
Q3. What is KRBL Buyback 2023 Price?
Ans. The company has fixed the price at ₹500 per share.
Q4. How to apply for KRBL Buyback 2023?
Ans. 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.
