The Larsen & Toubro Buyback date has been Recorded on September 12, 2023
Larsen & Toubro, headquartered in Mumbai, is one of India’s largest and most recognized private-sector enterprises. Larsen & Toubro is a multinational conglomerate primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key businesses such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets, with over 80 years of a strong, customer-focused approach and a continuous quest for world-class quality.
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Record Date
September 12, 2023
Buyback Price
₹3200 per equity share
Face Value
₹2 per share
Offer Closes On
September 25, 2023
Larsen & Toubro Buyback Price
The Larsen & Toubro Buyback price is ₹[3200 per equity share ].
IPO Overview
The company had yearly Order Inflows of more over INR 2 lakh crore as of March 2023. As a result, the company’s Order Book is now at a record high of INR 4 lakh crore, which, in addition to being highly diversified, also gives multiyear revenue visibility. The Group’s revenues for the year totaled INR 1.8 lakh crore, representing a 17% year-on-year increase – the highest in the prior five years. The Group’s operating PAT for the year increased by 21% year on year to INR 10,374 crore.
Larsen & Toubro Share Buyback 2023 Details
| Larsen & Toubro Buyback Dates | Coming soon |
| Larsen & Toubro Buyback Price | INR 3,000 per share |
| Market Price on Buyback Approval | INR 2,561.95 per share |
| Buyback Premium on Market Price | 17.10% |
| Buyback Offer Size (Shares) | 3,33,33,333 shares |
| Buyback Offer Size (Amount) | INR 10,000 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Larsen & Toubro Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 20 July 2023 |
| Buyback Approval Date | 25 July 2023 |
| Public Announcement of Buyback | Coming soon |
| Larsen & Toubro Buyback Record Date | 24 August 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Larsen & Toubro Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 4.53 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
Larsen & Toubro Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 135,979 | 156,521 | 183,341 |
| Total Expenses | 127,173 | 144,378 | 169,297 |
| Net income | 12,907 | 10,291 | 12,625 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 3,000 |
| Maximum shares for small shareholder (2,00,000/-) | 67 shares * |
| Closing price of stock as on 25 July 2023 | INR 2,561.95** |
| Maximum amount invested in buyback (INR 2,561.95 x 67 shares) | INR 1,71,651 |
Larsen & Toubro Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 67 | 4 | 4 (100%) | 1,752 | 1.02 |
| 67 | 4 | 8 (200%) | 3,504 | 2.04 |
| 67 | 4 | 12 (300%) | 5,257 | 3.06 |
Company Profile
Larsen & Toubro, an Indian multinational, is involved in EPC Projects, Hi-Tech Manufacturing, and Services. With operations in more than 50 countries, L&T has established and maintained its leadership position in its major lines of business for over 80 years, thanks to its strong customer focus and unwavering commitment to top-notch quality. The company’s expertise covers the entire spectrum of “design to delivery” in core, high-impact sectors of the economy. L&T’s professionalism and adherence to high standards of corporate governance are evident in every aspect of its business operations. Sustainability is an integral part of the company’s long-term growth strategy. In addition to its presence in
India, L&T has manufacturing facilities in eight other countries. The company also boasts numerous international offices and a global supply chain that spans across the world.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | LnT.buyback@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Larsen & Toubro Buyback Limited |
| Phone number | +91 22 67525656 |
| Email ID | infodesk@larsentoubro.com |
| Website | https://www.larsentoubro.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.
