Just Dial Buyback Review, Offer Details, Price, Dates, Size & more
Last Updated Date: Nov 17, 2022In this article, they will discuss about Just Dial Limited Buyback offer, buyback price, buyback size, Just Dial Buyback record date, company financial, buyback necessity and its impact on company.
To track the real time share price of this Buyback, click on this link – Just Dial Share Price
Just Dial Limited Buyback Details
| Buyback Type | Open Market |
| Opening Date | August 4, 2020 |
| Closing Date | August 17, 2020 |
| Buyback Offer Amount | Rs.220,00,00,000 |
| Buyback No. of Shares | 31,42,857 |
| Face Value | Rs.10 |
| Date of Buyback Approval | June 23, 2020 |
| Date of Public Announcement | June 25, 2020 |
| Buy Back Price | Rs.700 |
| Buy Back Premium | 87.18% |
| Date of Board Meeting | April 30, 2020 |
Just Dial Buyback Opening and Closing Date
The starting and closing date of this buyback is from August 4, 2020 to August 17, 2020.
Just Dial Buyback Cash Offer
Cash Offer to Buy-back up to 31,42,857 fully paid-up equity shares of the Company of face value of Rs.10 each, representing 4.84% of the total number of equity shares.
Just Dial Buyback Record Date
The decided record date is JULY 3, 2020.
Just Dial Buyback Price
At a price of Rs.700 per Equity Share.
Just Dial Buyback Size
At a buyback price of Rs.700 payable in cash for an aggregate maximum amount of Rs.220,00,00,000.
Just Dial Limited Buyback Acceptance Query
You can check for Buyback Acceptance query here. Just click on the given link and it will redirect you to buyback acceptance query page.
Just Dial Limited Buyback Acceptance Ratio
Find profit & profit percentage based on various acceptance rate, The profit is calculated based on 1000 shares.
| Acceptance Ratio | Total Shares Accepted | Buyback Price | Buyback Amount | Profit | Profit% |
| 20% | 200 | 700 | 140000 | 64940 | 17.30% |
| 40% | 400 | 700 | 280000 | 129880 | 34.61% |
| 60% | 600 | 700 | 420000 | 194820 | 51.91% |
| 80% | 800 | 700 | 560000 | 259760 | 69.21% |
| 100% | 1000 | 700 | 700000 | 324700 | 86.52% |
Profit is calculated from July 29, 2020 share price i.e. Rs.375.30 per share of Just Dial Limited.
According to the above table, if a shareowner applies for 1000 shares of Just Dial limited & gets 20% acceptance from the company and the owner with 1000 shares will sell 200 shares @ Rs.700 per share & receive Rs.64940 as profit amount & 17.30% profit percentage on selling these 200 shares back to the company.
Similarly, if the owner gets 60% acceptance of share from the company, the owner will sell 600 shares @ Rs.700 & receive a profit of Rs.194820 @ 51.91% profit percentage.
Just Dial Limited Buyback Overview
Just Dial Limited provides local search related services to users in India through multiple platforms such as desktops, personal computers, website (https://www.justdial.com), mobile site (https://t.justdial.com), mobile apps (Android, iOS, Windows), over the telephone (voice, pan India number 88888-88888) and text (SMS).
Justdial has recently launched the latest version of its JD App, which is an ‘All-in-One App’, containing features such as map-aided search, live TV, videos, news and real time chat messenger, to ensure that the consumer is more engaged with the services provided by the Company.
The Company’s system allows it to promptly process user inquiries and requests and continually monitor the performance of its sales and customer service representatives, including the average time per call taken by its information retrieval officers.
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Company Finances – Just Dial Limited
The brief audited consolidated financial information of the Company for the last three financial years are provided below:
[In Rs. Lakhs]
| Particulars | 12 Months period ended March 31 (Audited) |
||
| 2020 | 2019 | 2018 | |
| Total Income | 1,09,282 | 98,446 | 84,763 |
| Total Expenses (excluding depreciation) | 68,910 | 66,270 | 61,735 |
| Depreciation | 5,207 | 3,365 | 3,642 |
| Profit before tax | 35,165 | 28,811 | 19,386 |
| Provision for tax (including Deferred Tax) |
7,934 | 8,131 | 5,068 |
| Profit /(Loss) after tax | 27,231 | 20,680 | 14,318 |
| Equity Share Capital | 6,491 | 6,476 | 6,739 |
| Other Equity | 1,22,256 | 93,387 | 91,181 |
| Networth | 1,28,758 | 99,874 | 97,931 |
| Total Debt | – | 420 | – |
Just Dial Limited Buyback Dates
| Date of Board Meeting approving the Buyback | April 30, 2020 |
| Date of publication of Public Announcement for Buyback | June 25, 2020 |
| Record Date for determining the Buyback Entitlement and the names of Eligible Shareholders | July 3, 2020 |
| Buyback Opening date | August 4, 2020 |
| Buyback Closing date | August 17, 2020 |
| Last Date of verification of Tender Forms by the Registrar | August 25, 2020 |
| Last date of intimation regarding acceptance / non-acceptance of Tendered Equity Shares to the BSE Limited by the Registrar | August 25, 2020 |
| *Last date of Settlement of Bids on the BSE Limited | August 26, 2020 |
| Last date of return of unaccepted Equity Shares by BSE Limited | August 26, 2020 |
| *Last date of Extinguishment of Equity Shares | September 2, 2020 |
Details of Public Announcement
The Public Announcement dated June 24, 2020 was published on June 25, 2020 in the following newspapers, in accordance with Regulation 7(i) of the Buyback Regulations, within two working days from the date of declaration of results of the Postal Ballot or special resolution i.e. June 23, 2020:
| Publication | Language |
| Financial Express | English |
| Jansatta | Hindi |
| Navshakti | Marathi |
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Necessity of Just Dial Limited Buyback
The Company’s management strives to increase the Equity Shareholders’ value and the Buyback would result in the following benefits, amongst other things:
- optimizing returns to shareholders;
- enhancing overall shareholder value;
- achieving optimum capital structure;
- mitigating the effects of short-term market volatility; and
- enhancing Shareholders’ confidence.
Impact of Just Dial Limited Buyback on the Company
They believe that the Buy-back is not likely to cause any material impact on the profitability or earnings of the Company except to the extent of reduction in the amount available for investment, which the Company could have otherwise deployed towards generating investment income.
The Buy-back will not result in any benefit to Promoters or any Directors of the Company except to the extent of the cash consideration received by them from the Company pursuant to their respective participation in the Buy-back in their capacity as equity shareholders of the Company
The Buy-back shall not result in a change in control or otherwise affect the existing management structure of the Company.
Salient financial parameters consequent to the Buyback based on the latest audited financial statement of the Company for the half year ended March 31, 2019 are as under:
| Parameters (based on audited standalone financial statements for year ended March 31, 2020) | Pre Buy-back | Post Buy-back (Assuming Full Acceptance) |
| Net worth (Rs in Lakhs) | 1,28,758 | 1,06,758 |
| Return on Net worth (%) | 21.15 | 25.51 |
| Earnings Per Share (Rs) | 42.00 | 44.14 |
| Book Value per Share (Rs) | 185.7 | 159.5 |
| Total Debt / Equity Ratio | – | – |
Basis of Calculating Just Dial Buyback Price
The Equity Shares of the Company are proposed to be bought back at a price of Rs.700 per Equity Share.
The Buy-back Offer Price has been arrived at after considering various factors, including the volume weighted average prices /closing prices of the Equity Shares of the Company on NSE and BSE, where the Equity Shares are listed and traded, the net worth of the Company and the impact of the Buy-back on the earnings per Equity Share.
The Buyback Price represents
- a premium of 87.18% on BSE and 73.49% on NSE over the volume weighted average price of the Equity Shares on BSE and NSE, respectively for three months preceding the date of intimation to the Stock Exchanges for the Board Meeting to consider the proposal of the Buy-back;
- a premium of 109.38% on BSE and 108.39% on NSE over the volume weighted average price of the Equity Shares on BSE and NSE respectively for two weeks preceding the date of intimation to the Stock Exchanges for the Board Meeting to consider the proposal of the Buy-back; and
- premium of 100.83% on BSE and 100.77% on NSE over the closing market price of the Equity Shares on BSE and NSE as on April 27, 2020 i.e. the date of intimation to the Stock Exchanges for the Board Meeting to consider the proposal of the Buy-back.
The closing market price of the Equity Shares as on the date of intimation to the Stock Exchanges of the results of the Board meeting approving the Buy-back, was Rs.406.00 on BSE, and Rs.404.90 on NSE. The Buy-back Offer Price is a premium of 376.97% over the Company’s book value per Equity Share of Rs.185.7, prior to the Buy-back, as at March 31, 2020.
Know more about other Buybacks and their Registrar details
Source of Funds for the Buyback
Assuming full acceptance, the Company would utilize its current surplus and/or cash balances and/or internal accruals for the purpose of the Buy-back.
The Company has confirmed that the funds for the Buy-back will be made available from its current surplus and/or cash balances and/or internal accruals, and on such terms and conditions as the Board or a duly constituted committee thereof may decide from time to time in compliance with applicable provisions of the Companies Act and Buy-back Regulations, in the absolute discretion as it may deem fit.
The Company shall transfer a sum equal to the nominal value of the Equity Shares bought back through the Buy-back to the capital redemption reserve account and the details of such transfer shall be disclosed in its subsequent audited balance sheet. This Company will not be using any borrowed funds for the Buy-back.
Just Dial Limited – Manager to the Buyback
| Nomura Financial Advisory and Securities (India) Private Limited Ceejay House, Level 11, Plot F, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018 Tel: +91 22 4037 4037 Fax: +91 22 4037 4111 Contact Person: Vishal Kanjani E-mail: justdialbuyback@nomura.com SEBI Registration Number: INM000011419 Validity Period: Permanent |
Just Dial Limited – Registrar to the Buyback
|
KFin Technologies Private Limited
Tower B, Plot Number 31 and 32, Financial District, Gachibowli, Nanakramguda, Serilingampally Mandal, Hyderabad 500 032 Telangana Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 Contact Person: M Murali Krishna E-mail: justdial.buyback20@kfintech.com SEBI Registration Number: INR000000221 Validity Period: Permanent |
Just Dial Limited Contact Details
| Company Contact Details |
| JUST DIAL LIMITED Corporate Identity Number: L74140MH1993PLC150054 Registered Office: Palm Court, Building-M, 501/B, 5th Floor, New Link Road, Besides Goregaon Sports Complex, Malad (West), Mumbai 400 064, Maharashtra Tel. No.: +91 22 2888 4060; Fax: +91 22 2889 3789 Website: www.justdial.com; E-mail: investors@justdial.com Contact Person: Manan Udani, Company Secretary and Compliance Officer |
Just Dial Limited Buyback News
News 1 – Buyback PDF / Draft Letter of Offer [Download]
News 2 – Just Dial Ltd – Public Announcement
FAQs of Just Dial Buyback
What is the Just Dial Buyback Period?
Just Dial Buyback Period is briefly the time interval starting from date of declaration of results of the postal ballot through remote e-voting i.e. June 25, 2020. The period basically ends on the date of payment of consideration to Eligible Shareholders who participated in the Buyback, i.e. August 26, 2020.
What type of buyback is Just Dial Buyback?
This company has chosen the route of Open Market Through Stock Exchanges to repurchase the shares from the eligible shareholders. This offer route is one of the Two Routes generally chosen by the companies, i.e. Tender Offer and Open Market Through Stock Exchanges.
What is the Just Dial Buyback Offer?
Just Dial Buyback Offer refers to the number of shares the company plans to buy back from the eligible shareholders. Herein, the company proposes to buyback 31,42,857 Fully paid up Equity shares, adhering to the buyback price.
When Just Dial Buyback offer will start?
As per the released schedule, the Just Dial Buyback offer will start on August 4, 2020. This is the opening date from when the Buyback will open for all shareholders. You will find the updated records of Just Dial Buyback at all times, we ensure you have access to the right data.
When is the closing date of Just Dial Buyback?
For the ease in access to the dates and related aspects, we have segregated the closing date of Just Dial Buyback. The buyback would stay open from August 4, 2020, and would close on August 17, 2020. The closing date is the last day for which the Buyback shall be open for the shareholders.
What is the offer price for Just Dial Buyback?
The amount at which the shares are taken back by the company is referred to as Just Dial Buyback offer price. Herein, each and every fully Paid-up equity share is priced at Rs. 700, the price paid to each eligible shareholder.
What is the record date for Just Dial Buyback offer?
Record date of Just Dial Buyback is JULY 3, 2020. Record date is generally the day when eligible shareholders are declared. Furthermore, complying with Buyback regulations, letter of offer and Tender form is sent to the eligible shareholders.
What is the issue size of Just Dial Buyback?
Just Dial Buyback Size is Rs. 220,00,00,000 and is the total worth of Equity Shares the company plans on taking back. This amount is obtained from the total number of equity shares, multiplied by the Buyback price.
What is the necessity for Just Dial Buyback?
Objective of the Just Dial Buyback is to enhance the total return made by equity shareholders. Furthermore, it would optimizing returns to shareholders; enhancing overall shareholder value; achieving optimum capital structure; mitigating the effects of short-term market volatility; and enhancing Shareholders’ confidence.
Who is the Registrar to Just Dial Buyback offer?
Designated registrar of Just Dial Buyback is KFin Technologies Private Limited. You can find all the details related to the registrar in this report and contact them if you have any queries. You can check the details of the registrar, contact person, email address and more.
Who is the Manager to the Just Dial Buyback offer?
Manager to the Just Dial Buyback is Nomura Financial Advisory and Securities (India) Private Limited. Manager basically ensures that the company following up buyback strictly adheres to and in conformity with the provisions of the Companies Act and Buyback Regulations.
How to check Just Dial buyback acceptance ratio?
Acceptance ratio is basically the proportion of shares the company accepts, to the final number of shares tendered. It refers to how much the company would buyback and how profitable it would be for you. You can also check how much profit (%) you will earn. Click on the link and check on the website page.
Where to find Just Dial Buyback Dates / Events?
You can check the table for the list of events, as designed for the buyback. This article is your one and final destination to check all the Just Dial Buyback information. You will encounter a section exclusively set to record the dates, in this article, referred to as Just Dial Buyback Dates.
What can be the Impact of Just Dial Buyback on the Company?
They believe that the Buy-back is not likely to cause any material impact on the profitability or earnings of the Company except to the extent of reduction in the amount available for investment, which the Company could have otherwise deployed towards generating investment income.
The Buy-back will not result in any benefit to Promoters or any Directors of the Company except to the extent of the cash consideration received by them from the Company pursuant to their respective participation in the Buy-back in their capacity as equity shareholders of the Company
The Buy-back shall not result in a change in control or otherwise affect the existing management structure of the Company.
Where to find complete details on Just Dial Buyback?
As mentioned already, this page would give you every single detail about this buyback. Also, you find the link to download Draft / Letter of Offer. Each and every section is vividly and carefully placed, giving you insights into all major as well as minor aspects of the ratio. The article is also inclusive of all the links.
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