BSE Buyback 2023 description – Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia’s first & Fastest Stock Exchange in the world with a speed of 6 microseconds and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers’ Association’ in 1875. In 2017 BSE become the 1st listed stock exchange of India.
BSE Limited is the functionary of the BSE Exchange, regarded as India’s largest stock exchange by the number of companies listed. Over 5000 companies are listed on BSE, the highest in any exchange around the world.
Equity, debt instruments, derivatives, mutual funds, and SME equity are all traded on the BSE. Risk management, clearing, settlement, market data services, IT services and solutions, licensing index products like the S&P BSE SENSEX, and financial & capital markets training are additional services provided by BSE.
BSE Share Buyback 2023 Details
| BSE Buyback Dates | 21 – 27 Sep 2023 |
| BSE Buyback Price | INR 1,080 per share (Revised from INR 816 per share) |
| Market Price on Buyback Approval | INR 1,126.15 per share on 1 Sep |
| Buyback Premium on Market Price | NA |
| Buyback Offer Size (Shares) | 34,70,370Â 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 | 4 September 2023 |
| BSE Buyback Record Date | 14 September 2023 |
| Buyback Opening Date | 21 September 2023 |
| Buyback Closing Date | 27 September 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 27 September 2023 |
| Verification Date by the Registrar | 29 September 2023 |
| Return of unaccepted shares by Registrar | 5 October 2023 |
| Extinguishment of accepted shares | 16 October 2023 |
BSE Buyback 2023 Documents
Letter of Offer
Public Announcement
Revised Buyback Offer Price
Board Approval
Upcoming Share Buyback
BSE Limited IPO
BSE IPO Review: Go to market with a piece of history
BSE Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/26 | 3.85 |
| General category (for all other Eligible Shareholders) | 2/83 | 2.41 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
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 1,080 |
| Maximum shares for small shareholder (2,00,000/1,080) | 186 shares * |
| Closing price of stock as on 6 July 2023 | INR 705.40** |
| Maximum amount invested in buyback (INR 705.40x 186 shares) | INR 130,499 |
** For simplicity, we have considered price on buyback approval date
BSE Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 186 | 8 | 8 (100%) | 2,996.8 | 2.28 |
| 186 | 8 | 16 (200%) | 5,993.6 | 4.57 |
| 186 | 8 | 24 (300%) | 8,990.4 | 6.85 |
Registrar of BSE Buyback 2023
Coming soon
Manager of BSE Buyback 2023
Coming soon
Process to Participate in BSE 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 BSE buyback dates?
BSE share buyback opens on 21 September 2023 and closes on 27 September 2023.
Which type of is BSE buyback offer?
BSE buyback is a tender offer.
What is the BSE buyback price?
BSE buyback price is INR 1,080 per share.
What is the BSE buyback record date?
BSE buyback record date is 14 September 2023.
How to participate in BSE share buyback?
BSE share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
