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.
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KRBL Buyback 2023 Detail
| Issue Period | August 31, 2023 – September 6, 2023 |
| Security Name | KRBL Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,500,000.00 |
| Issue Size (Amount) | ₹325.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
KRBL Buyback 2023 Issue Timetable
| 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 |
* Last Date to Tender shares on Zerodha : September 5, 2023
Buyback Ratio
| 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 |
Company Financials
| 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 |
Amount in ₹ Crore
Stock price at BSE (in preceding 3 months)
| 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 |
Stock price at NSE (in preceding 3 months)
| 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 |
Necessity of the Issue
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.
Company Contact Information
KRBL Limited
5190, Lahori Gate,
Delhi – 110006,
Phone: +91-11-23968328
Email: mails@krblindia.com
Website: https://krblrice.com/