Just Dial Limited Buyback 2020
(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 the latest happenings to users. The organization 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.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 03 2020 |
| Buyback Opening Date: | Aug 04 2020 |
| Buyback Closing Date: | Aug 17 2020 |
| Buyback Offer Amount: | ₹ 220 Cr |
| Date of Board Meeting approving the proposal: | Apr 30 2020 |
| Date of Public Announcement: | Apr 30 2020 |
| Buyback Offer Size: | 4.84% |
| Buyback Number of Shares: | 31,42,857 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 700 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Parameter | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 |
| Sales | 590 | 668 | 719 | 782 | 892 |
| Expenses | 424 | 523 | 609 | 617 | 663 |
| Operating Profit | 166 | 144 | 110 | 164 | 229 |
| OPM % | 28% | 22% | 15% | 21% | 26% |
| Other Income | 49 | 80 | 87 | 66 | 93 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 24 | 31 | 40 | 36 | 34 |
| Profit before tax | 190 | 193 | 156 | 194 | 288 |
| Tax % | 27% | 26% | 22% | 26% | 28% |
| Net Profit | 139 | 143 | 121 | 143 | 207 |
| EPS in Rs | 19.29 | 20.55 | 17.45 | 21.25 | 31.94 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 114570 | 114570 | 114570 | 114570 |
| No. of Shares buyback | 94 | 142 | 213 | 285 |
| BuyBack Profit | 28012 | 42316 | 63474 | 84930 |
| Profit | 24% | 37% | 55% | 74% |
Recommendation:
60 Comments
Leave a Reply
You must be logged in to post a comment.
Just Dial Final Analysis :
1. Buyback Announcement date: 30.04.2020 — Share Price was Rs 404.90
2. 285 shares bought at Rs 404.90 means an investment of 1,15,396
3. Retail Acceptance Ratio was 27.34%. i.e. out of 285 shares, 77 shares have been buyback by the company. Profit on Accepted Shares= 22,722
4. 208 Unaccepted shares were given back on 04.08.2020. The price on 04.08.2020 is 373.70, so if you sell 208 shares in 373.70, then it is a loss of 6,489
5. Overall we can say a profit of 16,233 on Just Dial Buyback.
My shares are still blocked, is acceptance long time process or it happens immediately? I have icici direct and it shows same amount of shares 261. Now I am not able to sell it in market.
ક્યારે આવશે … મારા શેર હજી બ્લોક થઇ ને પડ્યા છે. કોઈ ને આયા?
How to close demat account?
aa hospital ma koie javu nahi … kidney kadhi le chhe.
ये अस्पताल में भूल से भी मत जाना …. किडनी निकल लेते है… हटा साले तेरी पोस्ट यहासे. कोई क्लिक नहीं करेगा.
Amount credited in account
78 out of 400, remaining 322 credit in demat
Accepted 24 out of 75 in non retail
It is 32%.
Just dial settlement file recieved.19.6% share accept on full bid.
That means we can hope for around 25% Acceptance Ratio for the retails.
Accepted 2 out of 9 Shares Tendered.
Any Updates?
What is acceptance ratio in retail category
Unaccepted shares would be credited by today?@Mw?
Online entry of buyback of Just Dial in broker s site not working. They replied mail, they will do needful. Only last 1 working days left. Still not done, what to do ?
I registered complaint with SEBI & cdsl online
Market Wizard Any Assumption of The Acceptance Ratio?
19% approx confirm entitlemwnt
From where did you get this data of 19% acceptance?
FROM BSE TENDER OFFER
As per Letter Of Offer on BSE it is approx 9% for retail and not 19%
I Am not talking about letter of offer . On bse site they show live subscription of buyback tender shares …. I am talking from seeing that data
On 500 SHARES HELD ON RD ER IS 44
Entitlement :- 1 share for every 15 share held on record date.
Share Tender Date:- 4th Aug -17 Aug
Settlement By:- 26 Aug’20
Any body knows what is the final entitlement ratio?
The buyback letters are out
Heard that buy back date will be announced tomorrow
Please know me the open date of just dial buy back 2020
Wait atleast 2 to 3 Months. Just Dial is never in a hurry to close Buybacks.
Can anyone say wat will be minimum entitlement ratio for just dial buy back…100% confident pls reply
Minimum entitlement would be 5 shares out of every 100 held on record date.
Entitlement should be around 12-13%
Entitlement retail
%
?
Record Date :- 3 Jul 2020
https://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=20476701
Sir,
Can you through some light on ABB POWER open offer please?
Very less upside/profit margin left…..Please buy in bulk for any significant profit as per the LTP of 17 July.Though interest will be paid for delays over the amount of Rs.851/- . Acceptance will be 100% .Will attract STT if tendered through broker and if tendered after delisting to promoter (off market) STT can be avoided.
NCC and Just Dial: To be excluded from futures and options segment from July 31.
Please note in Just Dial you can’t do FnO. It is out of FnO now. So old technique of hedging will not work here.
Do you have any notifications or circulars regarding this
https://d2un9pqbzgw43g.cloudfront.net/main/FAOP44444.pdf
what should be AR FOR JUST DIAL .MR.WIZARD
JUST DIAL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2020, inter alia, to consider and approve
1. To consider, approve, and take on record the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2020.
2. To consider and approve the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2020 along with Auditor”s Report and Director’s Report thereon.
3. To consider allotment of equity shares of the Company each having a face value of Rs. 10/- each to certain employees of the Company, upon exercise of options by such employees under the relevant employee stock option schemes. the same on record.
Will record date come today
Postal Ballot Notification
The Company has engaged the services of “KFin Technologies Private Limited” (“Formerly known as Karvy Fintech Private Limited”) for providing remote e-voting facility
to all its Members. The cut-off date for entitlement of voting is May 22, 2020. The remote e-voting will commence on Monday, May 25, 2020 (9.00 a.m.) (IST) and shall end on Tuesday, June 23, 2020 (5.00 p.m.) (IST).
The results of postal ballot will be declared on or before Thursday, June 25, 2020. The Postal Ballot Notice, together with Explanatory Statement are also available on the website of the Company at https://www.justdial.com/cms/investor-relations/downloads.
After postal ballot.
Sir
Please give estimate date for buyback record date
Can buy 1 share for buy back
Accepted or not
Yes, you can buy.
1 share
At max profit will be 350
@mw if we have 1 share
Is it manatory that it will be accepted
It may or may not be accepted. However, it is Worth taking risk.
Baaki awaiting detailed analysis by experts
I did some calculations
According to. Me
Acceptance ratio will be around 15%
Current shareholders below 2lakh : around 20%
But 15% considering more retail investors will buy shares to participate in the buyback as price difference is huge
So in my opinion the acceptance ratio will be 15-20%
@mw
Post derailed analysis of just dial
Detailed
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.
And mw
Please do the fundamental analysis of the stick also
Avoid the stock. Black rock in the last 3-4 days has sold 324,863 of shares.
http://www.moneycontrol.com/livefeed_pdf/May2020/00914B07_30BB_48D0_B674_F2079E85ECF9_091954.pdf?classic=true
One can buy 1-1 shares from each account and play.
Market Wizart
Can’t we headge in future and participate in buyback?
Yes, you can do it. But I am not an expert in hedging techniques. So you can take the help of some FNO experts.