Established in July 1975 under the name “Jagran Prakashan Private Limited,” the company underwent its most recent name change to “Jagran Prakashan Limited” in November 2005.
Jagran Prakashan Limited stands as a formidable media conglomerate, encompassing various sectors such as newspaper and magazine printing, FM radio, digital platforms, outdoor advertising, promotional marketing, event management, and on-ground activation ventures.
Through its network of subsidiaries, the company orchestrates the publication of 10 distinct periodicals, utilizing 33 printing facilities spread across 13 states and featuring content in 5 different languages. Dainik Jagran, their flagship publication, has secured the highest readership for thirteen consecutive years. Over the past five years, the company has garnered an impressive tally of 165 National and International awards.
Jagran Prakashan Ltd. Stock Quote #
- Open: ₹102.90
- High – Low: ₹105.10 – ₹101.00
- Previous Close: ₹102.35
- Total Traded Value: 1,49,987
- 52 Weeks High: ₹114.45 (Jul 24, 2023)
- 52 Weeks Low: ₹60.00 (Aug 23, 2022)
- Updated On: Aug 10, 2023 4:00 PM
Jagran Prakashan Buyback 2022 Detail #
| Issue Period | Mar 2, 2023 – Mar 16, 2023 |
| Security Name | Jagran Prakashan Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 46,000,000.00 |
| Issue Size (Amount) | ₹345.00 Crores |
| Buyback Price | ₹75 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Jagran Prakashan Buyback 2022 Issue Timetable #
| Last Date to buy shares | Jan 4, 2023 |
| Record Date | Jan 6, 2023 |
| Offer Opens On | Mar 2, 2023 |
| Last Date for receipt of Tender Forms | Mar 18, 2023 |
| Offer Closes On * | Mar 16, 2023 |
| Finalisation of Buyback Acceptance | Mar 24, 2023 |
| Last Date for settlment of bids | Mar 27, 2023 |
| Last Date for Extinguishment of Shares | Apr 3, 2023 |
Buyback Ratio #
[.]
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2129.57 | 280.9 | 1918.49 | 1862.25 | 225.18 |
| 31-Mar-21 | 1341.2 | 78.31 | 1995.3 | 1939.67 | 287.93 |
| 31-Mar-22 | 1682.68 | 216.88 | 2137.42 | 2084.69 | 296.62 |
| Amount in ₹ Crore | |||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 74.60 | 64.75 | 69.48 |
| Oct-2022 | 69.10 | 63.25 | 65.76 |
| Sep-2022 | 72.50 | 61.40 | 65.12 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 74.90 | 63.10 | 69.47 |
| Oct-2022 | 69.45 | 62.30 | 65.76 |
| Sep-2022 | 73.70 | 60.70 | 65.16 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
Jagran Prakashan Buyback 2022 Documents #
Company Contact Information #
Jagran Building, 2,
Sarvodaya Nagar
Kanpur – 208005Phone: 0512-2216161
Email: investor@jagran.com
Website: https://jplcorp.in/new/default.aspx
Jagran Prakashan Buyback 2022 Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: jpl.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
