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.
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 |
Registrar of Larsen & Toubro Buyback 2023
- Coming soon
Manager of Larsen & Toubro Buyback 2023
- Coming soon
Process to Participate in Larsen & Toubro Buyback
All qualified shareholders of the company who own shares in physical or demat form on the record date may participate in the buyback offer through their stockbroker. Eligible shareholders who hold their shares in demat form must advise their brokers of the details of the equity shares they desire to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
Eligible shareholders who own shares in tangible form must show the original share certificates and supporting paperwork to their broker. Following the completion of document verification, the broker executes an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Larsen & Toubro IPO FAQs :
Q1. What are Larsen & Toubro buyback dates?
Ans. Larsen & Toubro share buyback opens on 2023 and closes on 2023.
Q2. Which type of is Larsen & Toubro buyback offer?
Ans. Larsen & Toubro buyback is a tender offer.
Q3. What is the Larsen & Toubro buyback price?
Ans. Larsen & Toubro buyback price is INR 3,000 per share.
Q4. What is the Larsen & Toubro buyback record date?
Ans. Larsen & Toubro buyback record date is 24 August 2023.
Q5. How to participate in Larsen & Toubro share buyback?
Ans. Larsen & Toubro share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
