Bajaj Auto stands as a bastion in the realm of two-wheeler and three-wheeler craftsmanship. Its footprint extends across a mosaic of 79 nations, spanning the rich tapestry of Latin America, Southeast Asia, and beyond. The epicenter of this industrial saga resides in Pune, India. A narrative of evolution unfolds as Bajaj Auto, with a strategic grasp, has propelled its stake in the KTM Brand to an impressive 48%. A saga that commenced at a modest 14% in 2007, during the initial embrace of KTM by the company.
FY 2023 has been a difficult year for exports. During the year under review, Bajaj Auto sold 1.82 million units versus 2.5 million vehicles in the previous year.
In a strategic move towards the future, the company directs its attention to the Electric Vehicle (EV) arena, consolidating all EV-related endeavors under the newly established 100% subsidiary, ‘Chetak Technology Limited.’ This comprehensive consolidation includes Research and Development (R&D) efforts for pioneering technologies, R&D dedicated to product development, manufacturing processes, sales initiatives, after-sales services, and the holistic enhancement of customer experiences.
Bajaj Auto Buyback Record Date, Other Details
| Bajaj Auto Buyback Dates | 6 – 13 March 2024 |
| Bajaj Auto Buyback Price | INR 10,000 per share |
| Market Price on Buyback Approval | INR 6,985.70 per share |
| Buyback Premium on Market Price | 43.15% |
| Buyback Offer Size (Shares) | 40,00,000 shares |
| Buyback Offer Size (Amount) | INR 4,000 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Bajaj Auto Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 3 January 2024 |
| Buyback Approval Date | 8 January 2024 |
| Public Announcement of Buyback | 19 February 2024 |
| Bajaj Auto Buyback Record Date | 29 February 2024 |
| Buyback Opening Date | 6 March 2024 |
| Buyback Closing Date | 13 March 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 13 March 2024 |
| Verification Date by the Registrar | 18 March 2024 |
| Return of unaccepted shares by Registrar | 19 March 2024 |
| Extinguishment of accepted shares | 26 March 2024 |
Bajaj Auto Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Bajaj Auto Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/27 | 25.93 |
| General category (for all other Eligible Shareholders) | 1/82 | 1.22 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Bajaj Auto Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 27,741.08 | 33,144.71 | 36,427.60 |
| Total Expenses | 23,078.54 | 28,163.90 | 30,200.38 |
| Net income | 4,554.59 | 5,018.87 | 5,627.60 |
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 10,000 |
| Maximum shares for small shareholders (2,00,000/10,000) | 20 shares * |
| Closing price of stock as of 8 January 2024 | INR 6,985.7** |
| Maximum amount invested in buyback (INR 6,985.7 x 20 shares) | INR 1,39,714 |
** For simplicity, we have considered the price on the buyback approval date
Bajaj Auto Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 20 | 6 | 6 (100%) | 18,085.8 | 12.94 |
| 20 | 6 | 12 (200%) | 36,171.6 | 25.89 |
| 20 | 6 | 18 (300%) | 54,257.4 | 38.83 |
Registrar of Bajaj Auto Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222 / 18003094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of Bajaj Auto Buyback 2024
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030, +91 22 66303262
Email:Â [email protected]
Website: jmfl.com
Process to Participate in Bajaj Auto Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish 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.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Bajaj Auto buyback dates?
Bajaj Auto share buyback opens on 6 March 2024 and closes on 13 March 2024.
Which type of buyback is Bajaj Auto buyback offer?
Bajaj Auto buyback is a tender offer.
What is Bajaj Auto buyback price?
Bajaj Auto buyback price is INR 10,000 per share.
What is Bajaj Auto buyback record date?
Bajaj Auto buyback record date is 29 February 2024.
How to participate in Bajaj Auto share buyback?
Bajaj Auto share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
