KDDL Buyback Record Date 2024, Price, Entitlement Ratio

KDDL Buyback Record Date

KDDL Buyback Record Date is yet to be finalized. 

KDDL is a leading Indian company specializing in the manufacture of watch components, precision stamped components, and progressive tools for various engineering applications. Founded in 1981, the company has manufacturing facilities in Parwanoo, Bengaluru, and Grenchen, Switzerland.

The company has established relationships with leading luxury watch manufacturers worldwide, such as Swatch, Tag Heuer, Gucci, and Edox. Key business segments of KDDL include:

  • Precision and Watch Components: Manufacturing watch dials, hands, indexes, appliques, and precision-stamped components
  • Retail of Luxury Watches: Owning and operating Ethos, India’s largest retailer of premium luxury watches
  • Precision Engineering: Producing progressive tools and precision components for electrical, electronics, automobiles, aerospace, defense, and industrial applications

The company is in the process of selling the brand names “Ethos” and “Summit” to its subsidiary, Ethos Limited, according to an agreement dated 1 January 2022. This transfer includes brand names, trademarks, trade names, logos, and all related rights for an amount of approximately INR 40 crores.

KDDL Buyback

KDDL Buyback Record Date, Other Details

KDDL Buyback DatesComing soon
KDDL Buyback Price INR 3,700 per share
Market Price on Buyback ApprovalINR 3,294.70 per share
Buyback Premium on Market Price12.30%
Buyback Offer Size (Shares) 2,37,837 shares
Buyback Offer Size (Amount)INR 88 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

KDDL Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal4 July 2024
Buyback Approval Date9 July 2024
Public Announcement of BuybackComing soon
KDDL Buyback Record DateComing soon
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

KDDL Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

KDDL Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.

KDDL Financial Performance

FY 2022FY 2023FY 2024
Total Income217.96304.81350.63
Total Expenses185.26261.66285.82
Net Income 20.6069.23220.06
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a shareholder as on record dateINR 2,00,000
Buyback price per shareINR 3,700
Maximum shares for small shareholders (2,00,000/3,700) 55 shares *
The closing price of the stock as of 9 July 2024INR 3,294.70**
Maximum amount invested in buyback (INR 3,294.70 x 55 shares)INR 1,81,208.5
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

KDDL Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
5544 (100%)1,621.20.89
5548 (200%)3,242.41.79
55412 (300%)4,863.62.68

Registrar of KDDL Buyback 2024

Coming soon

Manager of KDDL Buyback 2024

Coming soon

The Process to Participate in KDDL 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 KDDL buyback dates?

KDDL share buyback opens on 2024 and closes on 2024.

Which type of buyback is KDDL’s buyback offer?

KDDL buyback is a tender offer.

What is KDDL buyback price?

KDDL buyback price is INR 3,700 per share.

What is the KDDL buyback record date?

KDDL buyback record date is 2024.

How to participate in in KDDL share buyback?

KDDL share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


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