Jagran Prakashan Buyback 2022 description – The company is in the business of printing and publishing newspapers, magazines, journals, and other media. Outdoor advertising, event management and activation services, and internet business are among the company’s other interests.
The digital wing of the Jagran Prakashan Limited India’s leading media and communications group with its interests spanning across Print, OOH, Activations, Radio and Digital. Jagran.com is the flagship brand of the Jagran New Media and is the No.1 Hindi News and Information site in India. Jagran.com is the online version of the world’s largest read daily newspaper – Dainik Jagran, with 29.6 Million users (comScore MMX Multi- Platform; Aug 2018). The site aims to reshape the online Hindi news segment in Hindi Heartland with a compelling customer experience and user engagement.
Jagran Prakashan Share Buyback 2022 Details
| Buyback Dates | 2 – 16 March 2023 |
| Jagran Prakashan Buyback Price | INR 75 per share |
| Buyback Offer Size (Shares) | 4,60,00,000 shares |
| Buyback offer as % of total shares | 17.45% |
| Buyback Offer Size (Amount) | INR 345 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Jagran Prakashan Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 04 November 2022 |
| Buyback Approval Date | 04 November 2022 |
| Public Announcement of Buyback | 21 December 2022 |
| Jagran Prakashan Buyback Record Date | 06 January 2023 |
| Buyback Opening Date | 2 March 2023 |
| Buyback Closing Date | 16 March 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 18 March 2023 |
| Verification Date by the Registrar | 23 March 2023 |
| Return of unaccepted shares by Registrar | 27 March 2023 |
| Extinguishment of accepted shares | 3 April 2023 |
Jagran Prakashan Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Jagran Prakashan Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (Shares less than INR 2 Lakh) | 50/71 | 70.42 |
| General category (for all other Eligible Shareholders) | 67/435 | 15.40 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Jagran Prakashan Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 1,965.01 | 1,789.87 | 1,170.76 | 1,451.48 |
| Total Expenses | 1,552.37 | 1,417.91 | 918.00 | 1,066.38 |
| Net income | 219.91 | 262.28 | 135.53 | 248.34 |
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 75 |
| Maximum shares for small shareholder (2,00,000/75) | 2,667 shares* |
| Closing price of stock as on 04 November 2022 | INR 73.05** |
| Maximum amount invested in buyback (INR 73.05x 2667 shares) | INR 1,94,824 |
** For simplicity, IPO Central has considered price on buyback approval date
Jagran Prakashan Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 2,667 | 1,879 | 1,879 (100%) | 3,664.05 | 1.88 |
| 2,667 | 1,879 | 3,758 (200%) | 7,328.1 | 3.76 |
| 2,667 | 1,879 | 5,637 (300%) | 10,992.15 | 5.64 |
Registrar of Jagran Prakashan Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +914067162222
Email:Â [email protected]
Website: www.kfintech.com
Manager of Jagran Prakashan Buyback 2022
EMST & YOUNG MERCHANT BANKING SERVICES LLP
The Ruby, 14th Floor, 29 Senapati Bapat Marg,
Dader West, Mumbai- 400028
Tel. No.: +912261920000
Email: [email protected]
Website: www.ey.com/in/mb
Process to Participate in Jagran Prakashan 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 stock broker. 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
When does Jagran Prakashan share buyback offer open?
Jagran Prakashan share buyback opens on 2 March 2023 and closes on 16 March 2023.
Which type of buyback is Jagran Prakashan buyback offer?
Jagran Prakashan buyback is a tender offer.
What is Jagran Prakashan buyback price?
Jagran Prakashan buyback price is INR 75 per share.
What is Jagran Prakashan buyback record date?
Jagran Prakashan buyback record date is 06 January 2023.
