KDDL Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

KDDL Buyback 2023 description – In 1981, KDDL manufactures watch components like dials, hands, and precision engineering goods under the brand name, Eigen. Ethos, the retail arm of the company, is the largest organized luxury watch retailer in the country and operates 50 stores across India as of June 2022.

The company is expanding its dials factory situated at Derabassi, Punjab, which will enhance the unit’s capacity by 0.5 million pcs. The expansion will involve a capex of INR 16 crores and will be executed in phases over a two-year period (in FY23 and FY24). It is also setting up a new plant for manufacturing top-quality steel bracelets for watches around Bangalore (Karnataka), involving a capital expenditure of INR 25 crores to be executed over the next two years (in FY23 and FY24).

The company is looking to become a luxury-focused distribution channel for luxury brands in segments such as branded jewelry, luxury luggage, travel, etc.

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KDDL Share Buyback 2023 Details

KDDL Buyback Dates	25 January – 9 February 2023
KDDL Buyback Maximum Price	INR 1,200 per share
Market Price on Buyback Approval	INR 1,067.7 per share
Buyback Premium on Market Price	12.39%
Buyback Offer Size (Minimum Shares)	1,75,000 share
Buyback Offer Size (Maximum Amount)	INR 21 crore
Offer Type	Open Market (Stock Exchange)
Promoter Participation	No
Face Value	INR 10 per share
Listing At	BSE SME

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Buyback Closure Details

Buyback Average Price	INR 1,050.28 per share
Buyback Offer Size (Shares)	1,99,947 shares
Buyback Offer Size (Amount)	INR 21 crore

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KDDL Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal	14 January 2023
Buyback Approval Date	18 January 2023
Public Announcement of Buyback	20 January 2023
Buyback Record Date	Not Applicable
Buyback Opening Date	25 January 2023
Buyback Closing Date	9 February 2023

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KDDL Buyback 2023 Documents

Completion of Buyback
Public Announcement
Board Approval
Upcoming Share Buyback

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KDDL Buyback Entitlement Ratio

There is no shareholder entitlement since the buyback will be conducted through open market purchases.

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KDDL Financial Performance

	FY 2020	FY 2021	FY 2022
Revenue	180.59	146.89	217.96
Total Expenses	160.05	132.31	185.26
Net income	9.13	3.39	20.60

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Registrar of KDDL Buyback 2023

MAS SERVICES LIMITED
T-34, 2^nd Floor, Okhla Industrial Area,
Phase – II, New Delhi – 110020
Phone: 011-26387281/82/83
E-mail: [email protected]
Website: www.masserv.com

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Manager of KDDL Buyback 2023

ITI CAPITAL LIMITED
ITI House 36,
Dr. R.K. Shirodkar Marg,
Parel, Mumbai – 400012
Phone: +912269113388 / 69113371
Email: [email protected]
Website: www.iticapital.in

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Process to Participate in KDDL Buyback

Buybacks are conducted either through a tender process or open market (stock exchanges).

Through Tender Process

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.

Through Open Market (Stock Exchanges)

Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increase, effectively making them more valuable.

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Frequently Asked Questions