KRBL Buyback of ₹325 crores approved by the board of directors at the meeting was held on August 10, 2023. KRBL Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹500 per Equity Share and for an aggregate amount not exceeding ₹325 crores from the shareholders. Check out KRBL Buyback 2023 details below:
With a rich industry experience of more than a century, KRBL Limited today has created its place as the top player in the Indian rice industry and also as India’s first integrated rice company. Operating primarily in the realm of manufacturing and marketing of rice products, the Company’ success has been derived by operating responsibly, executing adeptly, manufacturing indicatively and capturing new opportunities proactively. Over the years, KRBL have evolved and widened its product offerings that have delighted customers across geographies. Our presence in an extremely consumer driven market generates a demand for healthy and balanced dietary products. With a well-established presence in India, we aim to further enhance our penetration along with expanding our reach to newer international markets.
KRBL Buyback History
- This is the first KRBL buyback so there is no historical data.
KRBL Buyback 2023 Dates
| Buyback Meeting Date: | August 10, 2023 |
| Buyback Announcement Date: | August 10, 2023 |
| Buyback Record Date: | August 25, 2023 |
| Last Date to Buy Shares: | August 24, 2023 |
| Buyback Open Date: | August 31, 2023 |
| Buyback Close Date: | September 6, 2023 |
| Finalization of Buyback Acceptance: | September 10, 2023 |
KRBL Buyback 2023 Offer Details
KRBL buyback of 6,500,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹325 crores of the total buyback offer size.
| Offer Amount: | ₹325 Crores |
| Number of Shares: | 65,00,000 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | Open Market |
| Letter of Offer: | Click Here |
KRBL Buyback 2023 Acceptance Ratio
The investor should buy around 208 shares at a current market price of ₹400 (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹165000 | 132 | ₹11484 |
| 50% | ₹165000 | 200 | ₹17400 |
| 75% | ₹165000 | 300 | ₹26100 |
| 100% | ₹165000 | 400 | ₹34800 |
KRBL Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹3992 | ₹3170 | ₹559 |
| 2022 | ₹4211 | ₹3549 | ₹459 |
| 2023 | ₹5363 | ₹4424 | ₹701 |
How to Participate in KRBL Buyback 2023
The investors are eligible for the buyback scheme who have KRBL shares in their Demat KRBLount as the on the Record Date. Eligible Share Holders can participate in the KRBL Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the KRBLepted shares by the company under the KRBL buyback scheme.
KRBL Buyback 2023 Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: (011) 4254 1234
Email: [email protected]
Website: http://ipo.alankit.com/
KRBL Buyback 2023 Lead Managers
- Elara Capital (India) Private
KRBL Company Address
KRBL Limited
5190, Lahori Gate,
Delhi – 110006,
Phone: +91-11-23968328
Email: [email protected]
Website: https://krblrice.com/
How to Apply the KRBL Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “KRBL”. Click on Place Order. Enter your Quantity and submit KRBL Buyback Application Form.
How to Apply the KRBL Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the KRBLount Section. You will see the Company Name “KRBL”. Click on KRBL Stock for Buyback. Enter your Quantity and submit KRBL Buyback Application Form.
How to Apply the KRBL Buyback through KRBL Money?
Log in to KRBL Money Application with your credentials. Select the KRBL. Enter your Quantity and submit KRBL Buyback Application Form.
