KDDL Buyback Record Date is 27 August 2024.
KDDL is a leading Indian company specializing in manufacturing 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 Record Date, Other Details
| KDDL Buyback Dates | 2 – 6 September 2024 |
| KDDL Buyback Price | INR 3,700 per share |
| Market Price on Buyback Approval | INR 3,294.70 per share |
| Buyback Premium on Market Price | 12.30% |
| Buyback Offer Size (Shares) | 2,37,837 shares |
| Buyback Offer Size (Amount) | INR 88 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
KDDL Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 4 July 2024 |
| Buyback Approval Date | 9 July 2024 |
| Public Announcement of Buyback | 14 August 2024 |
| KDDL Buyback Record Date | 27 August 2024 |
| Buyback Opening Date | 2 September 2024 |
| Buyback Closing Date | 6 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 6 September 2024 |
| Verification Date by the Registrar | 11 September 2024 |
| Return of unaccepted shares by Registrar | 13 September 2024 |
| Extinguishment of accepted shares | 24 September 2024 |
KDDL Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
KDDL Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 5/58 | 8.62 |
| General category (for all other Eligible Shareholders) | 9/540 | 1.67 |
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 2022 | FY 2023 | FY 2024 | |
| Total Income | 217.96 | 304.81 | 350.63 |
| Total Expenses | 185.26 | 261.66 | 285.82 |
| Net Income | 20.60 | 69.23 | 220.06 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 3,700 |
| Maximum shares for small shareholders (2,00,000/3,700) | 55 shares * |
| The closing price of the stock as of 9 July 2024 | INR 3,294.70** |
| Maximum amount invested in buyback (INR 3,294.70 x 55 shares) | INR 1,81,208.5 |
** For simplicity, we have considered the price on the buyback approval date
KDDL Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 55 | 5 | 5 (100%) | 2026 | 1.12 |
| 55 | 5 | 10 (200%) | 4053 | 2.24 |
| 55 | 5 | 15 (300%) | 6079 | 3.35 |
Registrar of KDDL Buyback 2024
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: [email protected]
Website: www.masserv.com
Manager of KDDL Buyback 2024
ITI CAPITAL LIMITED
ITI House 36, Dr. R.K. Shirodkar Marg,
Parel, Mumbai – 400012
Phone: +912269113388 / 69113371
Email: [email protected]
Website: www.iticapital.in
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 2 September 2024 and closes on 6 September 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 27 August 2024.
How to participate 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.
