Bajaj Consumer Buyback Record Date is finalized.Â
Bajaj Consumer Care operates in the cosmetics, toiletries, and personal care products industry, with a presence in domestic and international markets. Its flagship product, Bajaj Almond Drops Hair Oil, is a leader in the light hair oil segment, holding a 60% market share in fiscal year 2023. In FY 2023, the company dedicated 77% of its total marketing budget to Bajaj Almond Drops, marking a 37% increase in spending.
The company has a comprehensive presence across various personal care segments, spanning hair and skin care. Its product portfolio comprises 15 brands and 100 SKUs, including products like Bajaj Almond Drops, Bajaj Coco Onion, and Bajaj Coconut Oil. In FY 2023, the company established itself as one of the fastest-growing companies in the hair oil industry. During this period, the company launched several new products, including Bajaj 100% Pure Henna, Bajaj NoMarks face serums, Bajaj Almond Drops Moisturizing Soap, and hair serums.
Bajaj Consumer Care has a distribution network includes approximately 8,100 direct and indirect distributors, reaching nearly 4.3 million retail outlets across India. In FY23, the company expanded its distribution network to over 35,000 outlets. With ongoing strategic plans to broaden its global reach, Bajaj Consumer Care is now present in more than 30 countries across the SAARC region, the Gulf and Middle East, ASEAN, and Africa.
Bajaj Consumer Buyback Record Date, Other Details
| Bajaj Consumer Buyback Dates | 5 – 11 July 2024 |
| Bajaj Consumer Buyback Price | INR 290 per share |
| Market Price on Buyback Approval | INR 260.55 per share |
| Buyback Premium on Market Price | 11.30% |
| Buyback Offer Size (Shares) | 5,741,000 shares |
| Buyback Offer Size (Amount) | INR 166.49 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Bajaj Consumer Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 29 April 2024 |
| Buyback Approval Date | 8 May 2024 |
| Public Announcement of Buyback | 21 June 2024 |
| Bajaj Consumer Buyback Record Date | 2 July 2024 |
| Buyback Opening Date | 5 July 2024 |
| Buyback Closing Date | 11 July 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 11 July 2024 |
| Verification Date by the Registrar | 15 July 2024 |
| Return of unaccepted shares by Registrar | 18 July 2024 |
| Extinguishment of accepted shares | 19 July 2024 |
Bajaj Consumer Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Bajaj Consumer Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/93 | 7.53 |
| General category (for all other Eligible Shareholders) | 6/93 | 6.45 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Bajaj Consumer Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Total Income | 914.63 | 878.37 | 949.93 |
| Total Expenses | 672.44 | 700.81 | 809.45 |
| Net income | 223.57 | 174.54 | 139.82 |
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 290 |
| Maximum shares for small shareholders (2,00,000/290) | 690 shares * |
| The closing price of the stock as of 8 May 2024 | INR 260.55** |
| Maximum amount invested in buyback (INR 260.55 x 690 shares) | INR 1,79,780 |
**Â For simplicity, we have considered the price on the buyback approval date
Bajaj Consumer Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 690 | 52 | 52 (100%) | 1,531.4 | 0.85 |
| 690 | 52 | 104 (200%) | 3,062.8 | 1.70 |
| 690 | 52 | 156 (300%) | 4,594.2 | 2.56 |
Registrar of Bajaj Consumer Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
Manager of Bajaj Consumer Buyback 2024
IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg
Lower Parel (West) Mumbai – 400 013
Phone: +91 22 4646 4728
Email:Â [email protected]
Website:Â www.iiflcap.com
The Process to Participate in Bajaj Consumer 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 Consumer buyback dates?
Bajaj Consumer share buyback opens on 5 July 2024 and closes on 11 July 2024.
Which type of buyback is Bajaj Consumer buyback offer?
Bajaj Consumer buyback is a tender offer.
What is Bajaj Consumer buyback price?
Bajaj Consumer buyback price is INR 290 per share.
What is Bajaj Consumer buyback record date?
Bajaj Consumer buyback record date is 2 July 2024.
How to participate in Bajaj Consumer share buyback?
Bajaj Consumer Care share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
