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:

Just Dial Limited has informed BSE that the meeting of the Board of Directors of the Company was held on April 30, 2020, inter alia, transacted the following businesses: Approved the proposal to Buy-back of up to 31,42,857 Equity Shares, for an aggregate amount not exceeding Rs. 220 Cr at a price not exceeding Rs. 700 per Equity Share.

Salient financial parameters:

( Fig. in Crs )
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
Source: Screener.in

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Just Dial Limited BuyBack 2020 in demat or physical form as on record date [03.07.2020]. 2. Once you have shares in demat, you can participate in the buyback process which is opening from [04.08.2020 to 17.08.2020] by selling your shares through your broker on NSE or BSE. 3. Then on [26.08.2020], 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 285 shares at Rs. 402 [ 200000/700= 285 ]
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%


Just Dial Limited BuyBack rating by InvestorZone team => 4/10 [Final AR is 27.30% for Retail Investors]


    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?

      ये अस्पताल में भूल से भी मत जाना …. किडनी निकल लेते है… हटा साले तेरी पोस्ट यहासे. कोई क्लिक नहीं करेगा.

    Just dial settlement file recieved.19.6% share accept on full bid.

    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

    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

      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.

      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.

    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.

        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.

      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.

    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%

    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.

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