Jagran Prakashan Buyback will open for subscription from 08 March 2021 to 07 September 2021. the company aims for an issue size of ₹118 Crores through this buyback Issue.
Jagran Prakashan Limited
Incorporated in July 1975 as “Jagran Prakashan Private Limited”, the company’s name was last changed from Jagran Prakashan Private Limited to Jagran Prakashan Limited, in November 2005. Jagran Prakashan Limited is a media conglomerate with interests spanning across printing and publication of newspapers and magazines, FM radio, digital, outdoor advertising and promotional marketing, event management, and on-ground activation businesses.
The company and its subsidiaries publish 10 (ten) publications from 33 (thirty-three) different printing facilities across 13 (thirteen) states in 5 (five) different languages. Their publication Dainik Jagran is the highest read daily for the last thirteen years. The company has won over 165 National and International awards in the last five years.
Objectives of the Issue
- To improve return on equity, by reduction in the equity base.
- Enhance overall shareholders’ value.
- To return surplus cash to its shareholders.
- Optimize returns to shareholders.
Jagran Prakashan Buyback Details
| Issue Period | Mar 8, 2021 – Sep 7, 2021 |
| Security Name | Jagran Prakashan Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹118.00 Crores |
| Buyback Price | ₹60 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 17,898.73 | 19,650.07 | 19,247.38 |
| Profit After Tax | 2,622.83 | 2,199.12 | 2,660.13 |
| Net Worth | 13,717.20 | 13,399.97 | 15,213.14 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2021 | 60.3 | 39.9 | 46.9 |
| Jan-2021 | 46.8 | 39.7 | 43.52 |
| Dec-2020 | 46.95 | 39.05 | 42.93 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Feb-2021 | 60.4 | 40.3 | 46.89 |
| Jan-2021 | 46.7 | 39.15 | 43.54 |
| Dec-2020 | 46.9 | 39.1 | 42.9 |
Jagran Prakashan Buyback Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.
Phone: 1-800-3454001
Email: jagran.buyback@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Jagran Prakashan Limited
Jagran Building, 2, Sarvodaya Nagar
Kanpur- 208005
Phone: +91-5122216161
Email: investor@sjagran.com
Website: http://www.jplcorp.in
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing