Just Dial Limited BuyBack 2018

(i) Just Dial Limited is India’s No. 1 Local Search engine that provides local search related services to users across India through multiple platforms such as website, mobile website, Apps (Android, iOS, Windows), over the telephone (voice, pan India number 8888888888) and text (SMS).

(ii) Justdial has also initiated ‘Search Plus’ services for its users. These services aim at making several day-to-day tasks conveniently actionable and accessible to users through one App. By doing so, it has transitioned from being purely a provider of local search and related information to being an enabler of such transactions. Justdial has also recently launched JD Omni, an end-to-end business management solution for SMEs, through which it intends to transition thousands of SMEs to efficiently run their business online and have an adequate online presence via their own website and mobile site. Apart from this, it has also launched JD Pay, a unique solution for quick digital payments for its users and vendors, and JD Social, its official social sharing platform to provide curated content on latest happenings to users. The organisation also aims to make communication between users and businesses seamless through its Real-Time Chat Messenger.
Key Highlights
(a) Pan India presence: Services offered all over India across 250+ cities.
(b) First-mover advantage: Being the industry pioneer, Justdial has a robust presence in all cities and towns of India including deep penetration in Tier II and III cities.
(c) Advanced and scalable technology platform: A vast range of features for a more engaging user experience with 23 transaction oriented search plus verticals, JD Social – Justdial’s own social sharing platform, and a Real-Time Chat Messenger, on a single platform.
(d) The large Online community of engaged users: With over 106 million users (quarterly average unique users) in FY 2017-2018, who have contributed to 83 million ratings and reviews, Justdial’s online community continues to be more engaged than ever.
(e) The attractive value proposition for local MSMEs: Justdial’s value-added offerings of huge online visibility, payment solutions, customized website, mobile site and mobile app; all packaged together, make it an attractive value proposition for MSMEs, several of whom have continuous associations with Justdial.
(f) Local Expertise: With a strong and widespread sales force, years of experience and in-depth local market knowledge, Justdial enjoys significant expertise across all regions of the country. Besides, Justdial’s healthy relations with existing MSMEs enable them to get referrals and repeat business.
Long operating history with a proven monetization model.
Experienced management team

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Oct 12 2018
Buyback Opening Date: Dec 18 2018
Buyback Closing Date: Jan 01 2019
Buyback Offer Amount: ₹ 220 Cr
Date of Board Meeting approving the proposal: Jul 21 2018
Date of Public Announcement: Jul 21 2018
Buyback Number of Shares: 2,750,000
FV: 10
Buyback Price: ₹ 800 Per Equity Share

Details of Buyback:

Just Dial Limited has informed BSE that the meeting of the Board of Directors of the Company was held on July 20, 2018, inter alia, transacted the following businesses: Approved the proposal to Buy-back of up to 27,50,000  Equity Shares, for an aggregate amount not exceeding Rs. 220 Cr at a price not exceeding Rs. 800 per Equity Share.

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Just Dial Limited BuyBack 2018 in demat or physical form as on record date [12.08.2018]. 2. Once you have shares in demat, you can participate in the buyback process which is opening from [18.12.2018 to 01.01.2019] by selling your shares through your broker on NSE or BSE. 3. Then on [10.01.2019], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 250 Shares at CMP of Rs.554( 2,00,000/800=250)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback  138500 138500 138500 138500
No. of Shares buyback 82 125 187 250
BuyBack Profit 20172 30750 46002 61500
Profit 15% 22% 33% 44%
Acceptance Ratio Detail of Just Dial Buyback 2016

Recommendation:

Just Dial Limited BuyBack rating by InvestorZone team => 4/10 1-5: Fair 5-7: Good 7-10: Excellent  

Company Contact Details:

Just Dial Limited Polm Court Building M, 5Ol/8. 5th Floor New Link Rood, Besides Goregoon Sports Complex, Molod West, Mumboi - 400064 Phone No. 022-28884O60/39808795 Fax No. 022-28893789 www.justdial.com

    Final Analysis of Just Dial Limited 2018 ( Return Analysis)

    1. Buyback Announcement date: 21.07.2018—– Share Price was 554.

    2. 250 Shares bought at Rs. 554 means an investment of 1,38,500.

    3. Retail Acceptance Ratio was 21%. i.e. out of 250 shares, 52 shares have been buyback by the company. Profit on Accepted Shares= 12,792

    4. The unaccepted Shares were given back on 10.01.2019. The share price on 10.01.2019 was 488. So if you sell the remaining 198 shares at 488, then a loss of 198*66= -13068

    5. Overall we can say it is average out.

    but as my buying price was as high as 1055 so I have no proft but my losses have reduced now..I have seen 2 buy backs of just dial ..both were smooth and good

    Thanks guys .. I got my money credited in my account ..Overall buy back was about 22 % which is lot healthy then what people were expecting !!

    So acceptance is out and not bad…
    Wizard ji, please put your profit /loss statement…

    If I have 18 stocks in 1 account that is zerodha and 8 in another say icici direct woud buy back be considered for both accounts or only 1

      You will be counted as a single person when PAN is same, irrespective of a number of Demat Accounts.

    Just dial 21 % accepted.
    76 accept against 363 shares

    Tomorrow on 09/01/2019, Accepted quantity can be checked with your Brokers as Exchange files will be available to download. Funds and unaccepted shares will be credited in Account on 10/01/2019

    (i) Last date of settlement of bids on the Stock Exchanges = 10 January 2019

    (ii) Last date of dispatch of consideration/share certificate(s)/ demat instruction(s)= 10 January 2019

    (iii) Last date of extinguishment of Equity Shares= 17 January 2019

    So all will get the actual detail of the number of shares accepted or not accepted on 10 Jan 2019. The Final Public announcement will be done after 17 Jan 2019.

    When will the actual buyback acceptance ratio declare? Is buyback done? I received entitlement eligibility mail from company but till date neither any share bought back nor I got any communication of buyback..

      I hope you have already tendered your shares.
      As last date was January 1. Now company would return the shares not accepted in buyback, after deciding final acceptance ratio.

      You are right, just taking about tendered shares and AR based on that. Missed the 11%.

        In retail category there were 51800 shareholder on record date and 3593000 shares total shares on record date. Total 18000 retail shareholders participating in buyback but how much Quantity bid by retail holder .but as per my information acceptance ratio between 20 to 25 .

    Total bidding by 3.30pm is 42,61,302 by individuals, best on this AR is around 9.68%. very very poor benefit to retailers.

      Individual contain ( Retail and Non- Retail). So AR would be around 13-15% I guess.

    In individual category Approx 8 lakhs shares belongs to promoter group
    Post considering above what will be Approx AR?

      Umesh,
      As off 28th Dec 2018 6.30 PM, based on tenders, present AR is around 13.09% only.
      If your assumption (8L shares belongs to promoter and excluded from tender, AR is around 16% only at current bidding status. TWO more days are there for tenders…. lets see what will be the AR…..

    As off 27th Dec 2018, Bidding Subscription details:-
    Reserved for Retail Category: 4,12,500 (All Individuals Category)
    Offered in Individual Category : 29,47,711
    Acceptance Ratio : 13.99% only. As we have time till 1st Jan 2019, it will go further down.

    As off 26th Dec 2018, Bidding Subscription details:-
    Reserved for Retail Category: 4,12,500 (All Individuals Category)
    Offered in Individual Category : 27,12,764
    Acceptance Ratio : 15.2% nearly.

    Dear Admin,
    Please change the BuyBack closing date, it is 01 Jan 2019, it display here as 21 Dec 2018.

    Pretty long wait on this one for Final Settlement. The announcements started July and the entire process would be closed in Second week of Jan. I sold my shares and now would buy a number closer to entitlement.

    Considering the big difference between CMP and buyback price the AR wont be more than 20%

    Entitlement of 7 shares for every 61 shares held under retail category on record date very poor entitlement ratio of 11%.

    The buyback is opening from 18.12.2018 to 01.01.2019

      Not announced yet. We will update here as soon as it is available.

    Can we offer shares in buyback from two different dmat account of same person. I have 100 shares each in two of my dmat accounts

      Do you have two demat accounts with two different PAN?
      if Yes, then you can apply else not.

          I think it is ok to apply via both, I have done before & both have been accepted. Same is the case with dividends, I receive dividend in both accounts separately.

    If sell shares after record date and buy before buyback start then will i eligible for give up my share to company?

    10% down. All the buyback stocks are getting a hammering.

      Detail of Just dial 2016 Buyback

      1. No of Shares Offered were= 10,61,499
      2. Record Date= 04.12.2015
      3. Opened from 25.02.2016 to 10.03.2016
      4. Buyback Price= 1550
      5. Retail—-No of Shares Reserved=1,59,225 ( 15% of Total Size)
      6. No. of Shares Tendered in Retail = 5,24,360

      So we can say last time in 2016 the Acceptance Ratio was close to 30%.

      In 2017, they did an open market buyback offer so the question of Acceptance ratio does not arise.

    The Pledged Shares of Promoters are increased from 1.68% to 2.44% from Dec’17 to June’18.

    What is the purpose of buyback, when the Promoters are borrowing money by mortgaging their shares?

    Just Dial Limited BuyBack

    Company has declared Buy back of 27,50,000 shares @ ₹ 800/-. X-date – 11-10-2018 & Record date is 12-10-2018

    Regards,
    Treasury Dept.

    Hello,

    Just need one help.

    If i purchase share of Just dial on Monday then i shall be eligible to participate in buyback or not.

    *Justdial Buyback*

    Just dial current price 475

    Just dial buyback price 800

    Record date – 12 October

    Buyback size – 220 Cr

    Monday just dial shoot✈✈

    AGM passed resolution including of Buyback!!!
    So Buyback approved!!!
    Now, IT HAS TO HAPPEN.
    Record date to be in 1 month!!

    Today is the AGM, Buyback is the part of the yearly results and would be approved along with it, today..

    Anyone has any update?

      Post completion of Annual General Meeting, the scrutinizer took the custody of the Ballot Paper and post verification submitted their combined scrutinizer’s Report considering the result of remote e-voting and voting through Baflot Forms at AGM. As per the report submitted by the Scrutinizer, all the resolutions embodied in the Notice of 24h Annual General Meeting dared 20th Jury, 201g were passed with requisite majority.

      CHECK NSE COMPANY INFORMATION

    More than 2 months have gone from the date of announcement of Buyback. However, till date no announcement of postal ballot.

    Just Dial- Still no postal ballout notice. So it will take atleast 30 days from here on to decide record date.

    Wizard ji and Anand Ji,
    I agree to both…
    Market appears to be taking it the PCJ way, but the results and the history of Just dial buy back is different!!
    They have done buyback every year almost…
    Difference is this is tender type, while the previous was market buy.
    Any idea about the regulation to complete after declaring?

    Hi,
    There is nothing major wrong in recent results.
    The buyback price looks very attractive.
    Why should one not invest with expectation of even 50% acceptance at current price.
    Please guide !!

    Maybe people are thinking that it may go PC Jewelers ways where a lot of people were trapped at a higher price in anticipation of super buyback price. Had Just Dial buyback being so lucrative the price would have climbed up on the date of buyback announcement itself. If you compare recent buybacks of fundamentally sound companies such as HCL, TCS, L&T, and Mhapsis the appreciation from the date of announcement of the buyback was between 13 to 25%. On the other hand, Just Dial whose Business Model is in doldrums has announced a buyback with an appreciation of 40%. Sometimes market hints at the hidden information. So I guess something is definitely wrong in Just Dial.