The KRBL Buyback date has been Recorded on August 25
Established in 1993, KRBL Limited operates in the industry of producing and promoting rice goods. KRBL stands as the leading global rice millers and exporters of renowned basmati rice, boasting the largest facility in Punjab, India, spanning over 200 acres.
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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 ].
IPO Overview
The company’s diverse range of products comprises of more than 14 brands, all falling under the renowned name of India Gate – a prominent basmati rice brand. India Gate contributes a significant 67% to the overall branded basmati rice portfolio. Some of the notable brands under India Gate include India Gate Classic, Unity Basmati Briyani Rice, India Gate Brown Rice, India Gate Jeera Rice, and many more. KRBL has established its presence across 6 continents and operates in 82 countries. Additionally, it boasts a robust network of over 500 domestic dealers 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
KRBL is the largest rice miller and exporter of branded basmati rice globally. It boasts the world’s largest plant located in Punjab, India, covering an extensive area of 200 acres. The India Gate brand, which falls under the company’s product portfolio, encompasses more than 14 different brands. This basmati rice brand alone contributes a significant 67% to the overall branded basmati portfolio. Some of the notable brands within this list include India Gate Classic, Unity Basmati Briyani Rice, India Gate Brown Rice, and India Gate Jeera Rice, among others. KRBL, the company behind these brands, has a global presence across 6 continents and operates in 82 countries. Additionally, they have established a
strong network of over 500 domestic dealers and distributors. In terms of manufacturing capabilities, KRBL’s facility boasts an impressive paddy milling capacity of 195 metric tons per hour. Furthermore, their warehousing facility spans across a vast area of 346 acres, providing ample space for storing over 1 million metric tons of rice and paddy.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | (011) 4254 1234 |
| Email ID | krblbuyback@alankitassignments.com |
| Website | http://ipo.alankit.com/ |
Contact Details
| Name | KRBL Buyback Limited |
| Phone number | +91-11-23968328 |
| Email ID | mails@krblindia.com |
| Website | https://krblrice.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.
