The Piramal Enterprises Buyback date has been Recorded on August 25, 2023
Piramal Enterprises buyback 2023 was announced on July 28, 2023. The Piramal Enterprises repurchase will begin on August 31, 2023. Piramal Enterprises’ buyback record date is August 25, 2023. To be eligible for the buyback, the investor must purchase Piramal Enterprises shares prior to the record date.
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Record Dates
August 25, 2023
Buyback Price
₹1250 per share
Face Value
₹2 per share
Offer Closes On
September 6, 2023
Piramal Enterprises Buyback Price
The Piramal Enterprises Buyback price is ₹[1250 per equity share ].
IPO Overview
Piramal Enterprise’s buyback of 1750 crores was approved by the board of directors at its meeting on July 28, 2023. Piramal Enterprises buyback will take place using the stock exchange’s Tender Offer procedure. The company’s board of directors authorized the buyback of its fully paid-up equity shares with a face value of 2 each at a price of 1250 per equity share and for an aggregate amount not exceeding 1750 crores from the shareholders.
Piramal Enterprises Share Buyback 2023 Details
| Offer Amount: | ₹1750 Crores |
| Number of Shares: | 1,40,00,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1250 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
Piramal Enterprises Buyback Dates (Timeline)
| Buyback Meeting Date: | July 28, 2023 |
| Buyback Announcement Date: | July 28, 2023 |
| Buyback Record Date: | July 25, 2023 |
| Last Date to Buy Shares: | July 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | 2023 |
Piramal Enterprises Financial Performance
| ₹ in Crores | FY 2021 | FY 2022 | FY 2023 |
| Year | Revenue | Expense | PAT |
| 2020 | ₹13,068 | ₹6,801 | ₹21 |
| 2021 | ₹12,809 | ₹5,338 | ₹1,413 |
| 2022 | ₹7,726 | ₹1,984 | ₹1,999 |
Piramal Enterprises Buyback Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹171,680 | 53 | ₹9,381 |
| 50% | ₹171,680 | 80 | ₹14,160 |
| 75% | ₹171,680 | 120 | ₹21,240 |
| 100% | ₹171,680 | 160 | ₹28,320 |
Company Profile
Piramal Group is a multinational conglomerate with interests in pharmaceuticals, financial services, and real estate. With a presence in more than 30 countries and a strong brand reputation in over 100 markets, the Group employs over 10,000 individuals from 21 different nationalities. Throughout its existence of more than 30 years, Piramal Group has pursued a dual approach to growth, combining both organic and inorganic strategies. Guided by its core values, the Group has prioritized inclusive growth while maintaining a commitment to ethical practices. Piramal Enterprises Limited (PEL), a subsidiary of Piramal Group, is a prominent non-banking financial company (NBFC) in India. With assets valued at
approximately $10 billion, PEL operates a vast network of over 400 branches across 26 states and Union Territories. It offers a wide range of financial products and solutions, including retail and wholesale lending, fund-based platforms, and investments.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | piramal.buyback2023@linkintime.co.in |
| Website | https://linkintime.co.in |
Contact Details
| Name | Piramal Enterprises Buyback Limited |
| Phone number | +91-22-3802 3000/400 |
| Email ID | corporate.communication@piramal.com |
| Website | https://www.piramal.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.
