Last updated on September 15, 2023
KRBL Buyback 2023 description – KRBL is the world’s leading basmati rice producer and has fully integrated operations, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding, and marketing.
The company sells rice under its flagship brand, “India Gate” along with the other 13 brands like Taj Mahal, Doon, Nur Jahan, Bemisal, and Unity among others. KRBL has also created a strong brand presence through collaborations with global retail chains.
KRBL exports basmati rice products to 90 countries across 6 continents and leads the basmati rice consuming market in the branded segment. KRBL is the world’s largest exporter of branded basmati rice and 35% of its revenue is derived from exports.
KRBL Share Buyback 2023 Details
| KRBL Buyback Dates | 31 Aug – 6 Sep 2023 |
| KRBL Buyback Price | INR 500 per share |
| Market Price on Buyback Approval | INR 412.70 per share |
| Buyback Premium on Market Price | 21.15% |
| Buyback Offer Size (Shares) | 65,00,000 shares |
| Buyback Offer Size (Amount) | INR 325 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
KRBL Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 4 August 2023 |
| Buyback Approval Date | 10 August 2023 |
| Public Announcement of Buyback | 14 August 2023 |
| KRBL Buyback Record Date | 25 August 2023 |
| Buyback Opening Date | 31 August 2023 |
| Buyback Closing Date | 6 September 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 6 September 2023 |
| Verification Date by the Registrar | 8 September 2023 |
| Return of unaccepted shares by Registrar | 13 September 2023 |
| Extinguishment of accepted shares | 25 September 2023 |
KRBL Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
KRBL Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 51/292 | 17.47 |
| General category (for all other Eligible Shareholders) | 5/208 | 2.40 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
KRBL Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 3,992 | 4,211 | 5,363 |
| Total Expenses | 3,170 | 3,549 | 4,424 |
| Net income | 559 | 459 | 701 |
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 500 |
| Maximum shares for small shareholder (2,00,000/500) | 400 shares * |
| Closing price of stock as on 10 August 2023 | INR 412.70** |
| Maximum amount invested in buyback (INR 412.70 x 400 shares) | INR 165,080 |
** For simplicity, we have considered price on buyback approval date
KRBL Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 400 | 70 | 70 (100%) | 6,111 | 3.70 |
| 400 | 70 | 140 (200%) | 12,222 | 7.40 |
| 400 | 70 | 210 (300%) | 18,333 | 11.11 |
Registrar of KRBL Buyback 2023
ALANKIT ASSIGNMENTS LIMITED
4E/2, Alankit House, Jhandewalan Extn, New Delhi – 110055
Phone: +91 1142541966
Email: [email protected]
Website: www.alankit.com
Manager of KRBL Buyback 2023
ELARA CAPITAL (INDIA) PRIVATE LIMITED
One International Center. – Tower 3, 21st Floor,
Senapati Bapat Marg, Elphinstone Road West, Mumbai · 400013
Tel. No.: +91 22 61648599
Email: [email protected]
Website: www.elaracapital.om
The process to Participate in KRBL 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 KRBL buyback dates?
KRBL share buyback opens on 31 August 2023 and closes on 6 September 2023.
Which type of is KRBL buyback offer?
KRBL buyback is a tender offer.
What is the KRBL buyback price?
KRBL buyback price is INR 500 per share.
What is the KRBL buyback record date?
KRBL buyback record date is 25 August 2023.
How to participate in KRBL share buyback?
KRBL share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
