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Founded in 2007, Bajaj Auto Limited is a multinational automobile manufacturer based in Pune, India. Initially, it was known for its scooters, but over the years, the company expanded its product range to include motorcycles and three-wheelers. Bajaj Auto offers a wide range of motorcycles that cater to different market segments. Some of the most popular motorcycle models include the Pulsar series, Dominar, Avenger, and Platina.
The company has exported its two-wheelers to Africa, Latin America, the Middle East, and South East Asia.
Bajaj Auto is known for its focus on innovation and technological advancement. The company has introduced features like DTS-i (Digital Twin Spark Ignition) technology in its motorcycles that aim to improve fuel efficiency and performance.
Bajaj Auto is the first two and three-wheeler company in the world to achieve a market capitalization of INR one trillion and continues to be the most valuable two and three-wheeler company in the world.
| Issue Period | March 6, 2024 - March 13, 2024 |
| Security Name | Bajaj Auto Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 4,000,000 (1.41 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹4,000.00 Crores |
| Buyback Price | ₹10000 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Last Date to buy shares | February 28, 2024 |
| Record Date | February 29, 2024 |
| Offer Opens On | March 6, 2024 |
| Last Date for receipt of Tender Forms | March 13, 2024 |
| Offer Closes On * | March 13, 2024 |
| Finalisation of Buyback Acceptance | March 19, 2024 |
| Last Date for settlment of bids | March 20, 2024 |
| Last Date for Extinguishment of Shares | March 26, 2024 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 600,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date. | 3,400,000.00 |
Bajaj Auto Limited's revenue increased by 9.34% and profit after tax (PAT) dropped by -1.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 35,136.45 | 35,111.21 | 33,601.71 | |
| Revenue | 34,391.51 | 37,642.90 | 34,428.85 | 29,017.54 |
| Profit After Tax | 5,696.81 | 6,060.21 | 6,165.87 | 4,857.02 |
| Reserves and Surplus | 25,142.90 | 26,379.43 | 24,912.89 | |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2024 | 8,325.05 | 7,655.75 | 7,857.95 |
| Jan-2024 | 7,667.55 | 6,665.05 | 7,171.90 |
| Dec-2023 | 6,797.25 | 6,046.05 | 6,324.41 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2024 | 8,325.80 | 7,653.85 | 7,857.23 |
| Jan-2024 | 7,663.55 | 6,662.50 | 7,171.38 |
| Dec-2023 | 6,801.00 | 6,046.60 | 6,323.84 |
The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity.
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Bajaj Auto Limited
Pune Road, Akurdi
Pune
411035
Phone: +91 20 27472851
Email: investors@bajajauto.co.in
Website: https://www.bajajauto.com
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: bajajauto.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The Bajaj Auto Buyback 2024 opens on March 6, 2024, and closes on March 13, 2024.
Last date to be eligible to participate in buyback is February 28, 2024.
The Bajaj Auto Buyback 2024 is a Tender Offer.
Bajaj Auto Buyback 2024 Schedule
| Buyback Opening Date | March 6, 2024 |
| Buyback Closing Date | March 13, 2024 |
| Last Date for receipt of Tender Forms | March 13, 2024 |
| Finalisation of Buyback Acceptance | March 19, 2024 |
| Last Date for settlment of bids | March 20, 2024 |
| Last Date for Extinguishment of Shares | March 26, 2024 |
The Bajaj Auto Buyback 2024 is being offered at Rs ₹10000 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 7 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 600,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 82 Fully paid-up Equity Shares held on the Record Date. | 3,400,000.00 |
The record date for the Bajaj Auto Buyback 2024 is February 29, 2024.
The issue size of Bajaj Auto Buyback 2024 is of 4,000,000 equity shares at ₹10000 per share aggregating upto ₹4,000.00 Crores.
The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Bajaj Auto Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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entitled for 2 shares (out of 8 I have at 3500 per share). should i buy 2 shares from open market now and tender exactly 2 shares to retain the holding after the buyback or just tender 2 shares. any opinion?