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FREE Equity Delivery and MF
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Incorporated in 1993, KRBL Limited is engaged in the business of manufacturing and marketing rice products.
KRBL is world'd largest rice millers and rice exporter of branded basmati rice, and possesses the world's largest plant in Punjab, India spread across 200 acres.
The company's product folio has over 14 brands under the name India Gate - a basmati rice brand, which contributes over 67% to the branded basmati portfolio. Its brand list includes India Gate Classic, Unity Basmati Briyani Rice, India Gate Brown Rice, India Gate Jeera Rice, and so on. KRBL has a presence in over 6 continents, and 82 countries, and has over 500+ domestic dealers and distributors network.
KRBL's manufacturing facility has a 195 MT/hour paddy milling capacity. Its warehousing facility is spread across 346 acres and has a capacity of over 1 million MT of rice and paddy storage capacity.
| Issue Period | August 31, 2023 - September 6, 2023 |
| Security Name | KRBL Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,500,000 |
| Issue Size (Amount) | ₹325.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Last Date to buy shares | August 24, 2023 |
| Record Date | August 25, 2023 |
| Offer Opens On | August 31, 2023 |
| Last Date for receipt of Tender Forms | September 6, 2023 |
| Offer Closes On * | September 6, 2023 |
| Finalisation of Buyback Acceptance | September 12, 2023 |
| Last Date for settlment of bids | September 13, 2023 |
| Last Date for Extinguishment of Shares | August 25, 2023 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 51 Equity Shares out of every 292 Fully paid-up Equity Shares held on the Record Date. | 975,000.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 208 Fully paid-up Equity Shares held on the Record Date. | 5,525,000.00 |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 4,627.83 | 4,748.02 |
| Revenue | 4,014.56 | 4,253.27 |
| Profit After Tax | 558.91 | 459.40 |
| Net Worth | 3,693.00 | 4,070.00 |
| Reserves and Surplus | ||
| Total Borrowing |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2023 | 418.85 | 371.55 | 398.82 |
| Jul-2023 | 390.00 | 335.65 | 362.41 |
| Jun-2023 | 376.00 | 339.00 | 353.18 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2023 | 419.00 | 370.55 | 399.02 |
| Jul-2023 | 390.50 | 335.45 | 362.41 |
| Jun-2023 | 376.30 | 338.90 | 352.81 |
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.
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KRBL Limited
5190, Lahori Gate,
Delhi – 110006,
Phone: +91-11-23968328
Email: mails@krblindia.com
Website: https://krblrice.com/
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi - 110055
Phone: (011) 4254 1234
Email: krblbuyback@alankitassignments.com
Website: http://ipo.alankit.com/
Lead Manager(s)
Registered Broker
The KRBL Buyback 2023 opens on August 31, 2023, and closes on September 6, 2023.
Last date to be eligible to participate in buyback is August 24, 2023.
The KRBL Buyback 2023 is a Tender Offer.
KRBL Buyback 2023 Schedule
| Buyback Opening Date | August 31, 2023 |
| Buyback Closing Date | September 6, 2023 |
| Last Date for receipt of Tender Forms | September 6, 2023 |
| Finalisation of Buyback Acceptance | September 12, 2023 |
| Last Date for settlment of bids | September 13, 2023 |
| Last Date for Extinguishment of Shares | August 25, 2023 |
The KRBL Buyback 2023 is being offered at Rs ₹500 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 51 Equity Shares out of every 292 Fully paid-up Equity Shares held on the Record Date. | 975,000.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 208 Fully paid-up Equity Shares held on the Record Date. | 5,525,000.00 |
The record date for the KRBL Buyback 2023 is August 25, 2023.
The issue size of KRBL Buyback 2023 is of 6,500,000 equity shares at ₹500 per share aggregating upto ₹325.00 Crores.
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.
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 KRBL Buyback 2023 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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