Piramal Enterprises Buyback 2023 description – Piramal Enterprises (PEL) is a leading diversified Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), with a presence across retail lending, wholesale lending, and fund-based platforms. The company provides end-to-end financing solutions in both wholesale and retail funding opportunities across sectors such as real estate and infrastructure, renewable energy, hospitality, logistics, industrials, and auto components.
PEL has built a technology platform, which is driven by artificial intelligence (AI), with innovative financial solutions that cater to the needs of varied industry verticals. PEL has steered dynamic business growth over the three decades of its existence, staying focused on both organic as well as inorganic growth strategy.
As of 31 March 2023, Piramal is amongst the leading NBFCs in India in terms of its size with Total Assets of INR 83,752 crores and Assets under Management (AUM) of INR 63,989 crores. The company reported a consolidated revenue of INR 9,087 crores in FY 2023, with a Net profit of INR 9,969 crores including an exceptional gain of INR 8,066 crores in FY 2023 pertaining to the demerger of PPL. The operating profit after tax stood at INR 1,902 crores for the year, with a network of over 404 branches across 27 states/UTs.
Piramal Enterprises Share Buyback 2023 Details
| Piramal Enterprises Buyback Dates | 31 Aug – 6 Sep 2023 |
| Piramal Enterprises Buyback Price | INR 1,250 per share |
| Market Price on Buyback Approval | INR 1,072.8 per share |
| Buyback Premium on Market Price | 16.52% |
| Buyback Offer Size (Shares) | 1,40,00,000 shares |
| Buyback Offer Size (Amount) | INR 1,750 crore |
| Offer Type | Tender |
| Promoter Participation | No |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Piramal Enterprises Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 25 July 2023 |
| Buyback Approval Date | 28 July 2023 |
| Public Announcement of Buyback | 1 August 2023 |
| Piramal Enterprises 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 |
Piramal Enterprises Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Piramal Enterprises Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 7/47 | 14.89 |
| General category (for all other Eligible Shareholders) | 1/19 | 5.26 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Piramal Enterprises Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 12,809.35 | 7,725.50 | 8,934.30 |
| Total Expenses | 10,114.51 | 6,283.39 | 11,551.08 |
| Net income | 1,412.86 | 1,998.77 | 9,968.28 |
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 1,250 |
| Maximum shares for small shareholder (2,00,000/1,250) | 160 shares * |
| Closing price of stock as on 28 July 2023 | INR 1,072.8 ** |
| Maximum amount invested in buyback (INR 1,072.8 x 160 shares) | INR 1,71,648 |
** For simplicity, we have considered price on buyback approval date
Piramal Enterprises Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 160 | 24 | 24 (100%) | 4,252.8 | 2.48 |
| 160 | 24 | 48 (200%) | 8,505.6 | 4.96 |
| 160 | 24 | 72 (300%) | 12,758.4 | 7.43 |
Registrar of Piramal Enterprises Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +918108114949
Email:Â [email protected]
Website: www.linkintime.co.in
Manager of Piramal Enterprises Buyback 2023
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030
Email:Â Â [email protected]
Website: jmfl.com
Process to Participate in Piramal Enterprises 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 Piramal Enterprises buyback dates?
Piramal Enterprises share buyback opens on 31 August 2023 and closes on 6 September 2023.
Which type of is Piramal Enterprises buyback offer?
Piramal Enterprises buyback is a tender offer.
What is the Piramal Enterprises buyback price?
Piramal Enterprises buyback price is INR 1,250 per share.
What is the Piramal Enterprises buyback record date?
Piramal Enterprises buyback record date is 25 August 2023.
How to participate in Piramal Enterprises share buyback?
Piramal Enterprises share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
