KRBL Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


Last updated on September 15, 2023

KRBL Buyback

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 Dates31 Aug – 6 Sep 2023
KRBL Buyback Price INR 500 per share
Market Price on Buyback ApprovalINR 412.70 per share
Buyback Premium on Market Price21.15%
Buyback Offer Size (Shares)65,00,000 shares
Buyback Offer Size (Amount)INR 325 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

KRBL Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal4 August 2023
Buyback Approval Date10 August 2023
Public Announcement of Buyback14 August 2023
KRBL Buyback Record Date25 August 2023
Buyback Opening Date31 August 2023
Buyback Closing Date6 September 2023
Cut-off Date to receive completed tender forms by Registrar6 September 2023
Verification Date by the Registrar8 September 2023
Return of unaccepted shares by Registrar13 September 2023
Extinguishment of accepted shares25 September 2023

KRBL Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

KRBL 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 based on latest retail shareholding pattern

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

KRBL Financial Performance

FY 2021FY 2022FY 2023
Total Expenses3,1703,5494,424
Net income 559459701
Figures in INR crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 500
Maximum shares for small shareholder (2,00,000/500)400 shares *
Closing price of stock as on 10 August 2023INR 412.70**
Maximum amount invested in buyback (INR 412.70 x 400 shares)INR 165,080
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

KRBL Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
4007070 (100%)6,1113.70
40070140 (200%)12,2227.40
40070210 (300%)18,33311.11

Registrar of KRBL Buyback 2023

4E/2, Alankit House, Jhandewalan Extn, New Delhi – 110055
Phone: +91 1142541966
Email: [email protected]

Manager of KRBL Buyback 2023

One International Center. – Tower 3, 21st Floor,
Senapati Bapat Marg, Elphinstone Road West, Mumbai · 400013
Tel. No.: +91 22 61648599
Email:  [email protected]

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.


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