The BSE Buyback date has been Recorded on September 21 – September 27, 2023
BSE Limited serves as the governing body for the BSE Exchange, commonly known as the Bombay Stock Exchange, which is recognized as the largest stock exchange in India in terms of the number of listed companies. With over 5000 companies listed, BSE boasts the highest number of listings compared to any other exchange worldwide.
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Record Dates
September 14, 2023
Buyback Price
₹1080 per equity share
Face Value
₹2 per share
Offer Closes On
September 27, 2023
BSE Buyback Price
The BSE Buyback price is ₹[1080 per equity share ].
IPO Overview
BSE (previously known as Bombay Stock Exchange) was founded in 1875 and is Asia’s first and fastest stock exchange in the world, with a speed of 6 microseconds. It is also one of India’s top exchange groups. Over the past 143 years, the BSE has helped the Indian corporate sector thrive by offering an efficient capital-raising platform. The bourse, often known as the BSE, was founded in 1875 as ‘The Native Share & Stock Brokers’ Association. In 2017, the BSE became India’s first listed stock exchange.
BSE Share Buyback 2023 Details
| BSE Buyback Dates | Coming soon |
| BSE Buyback Price | INR 816 per share |
| Market Price on Buyback Approval | INR 705.40 per share |
| Buyback Premium on Market Price | 15.68% |
| Buyback Offer Size (Shares) | 45,93,137 shares |
| Buyback Offer Size (Amount) | INR 374.80 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | NSE |
BSE Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 3 July 2023 |
| Buyback Approval Date | 6 July 2023 |
| Public Announcement of Buyback | Coming soon |
| BSE Buyback Record Date | Coming soon |
| 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 |
BSE Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 21.35 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
BSE Financial Performance
| FY 2022 | FY 2023 | |
| Revenue | 743.15 | 815.53 |
| Total Expenses | 600.45 | 705.91 |
| Net income | 244.93 | 205.65 |
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 816 |
| Maximum shares for small shareholder (2,00,000/816) | 246 shares * |
| Closing price of stock as on 6 July 2023 | INR 705.40** |
| Maximum amount invested in buyback (INR 705.40x 246 shares) | INR 1,73,528 |
BSE Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 246 | 53 | 53 (100%) | 5,861.8 | 3.38 |
| 246 | 53 | 106 (200%) | 11,723.6 | 6.76 |
| 246 | 53 | 159 (300%) | 17,585.4 | 10.13 |
Company Profile
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange situated on Dalal Street in Mumbai. Founded in 1875 by cotton merchant Premchand Roychand, it holds the distinction of being the oldest stock exchange in Asia and the tenth oldest globally. With a significant market capitalization, the BSE ranks among the largest stock exchanges in the world. Presently, the BSE offers a transparent and efficient platform for trading in equity, currencies, debt instruments, derivatives, and mutual funds. Within its portfolio, BSE SME stands as India’s largest SME platform, boasting a listing of over 250 companies and experiencing steady growth. Additionally, BSE StAR MF
serves as India’s largest online mutual fund platform, facilitating over 27 lakh transactions per month and adding nearly 2 lakh new SIPs each month. Furthermore, BSE Bond, a transparent and efficient electronic book mechanism for private placement of debt securities, leads the market with over Rs 2.09 lakh crore of fund raising from 530 issuances.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | bse.buyback23@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | BSE Buyback Limited |
| Phone number | 91-22-22721233/4 |
| Email ID | corp.comm@bseindia.com |
| Website | https://www.bseindia.com/index.html |
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.
