Shares of Bajaj Auto Ltd. are in focus ahead of the record date for the company’s ₹5,633 crore share buyback, which will be carried out through the tender route.
The buyback price has been fixed at ₹12,000 per share, offering a premium of around 17% over the stock’s current market price of about ₹10,000.
The record date for determining eligible shareholders is June 24, 2026.
Buyback size and offer details
Bajaj Auto plans to repurchase up to 46.94 lakh shares, representing around 1.68% of its paid-up equity capital.
Key details of the offer include:
- Buyback size: ₹5,633 crore
- Buyback price: ₹12,000 per share
- Maximum shares to be repurchased: 46.94 lakh
- Record date: June 24, 2026
- Route: Tender offer
At the time of writing, the stock was trading at ₹10,188.95, compared with the previous close of ₹10,065.85.
Retail investors have a reserved quota
Under buyback regulations, 15% of the total offer size is reserved for small shareholders.
This translates to roughly 7.04 lakh shares.
To qualify under the small shareholder category, the value of holdings must not exceed ₹2 lakh on the record date.
Based on the buyback price of ₹12,000 per share, analysts estimate that investors can hold up to 17 shares and remain within the retail category.
Returns depend on acceptance ratio
The eventual gains from the buyback will depend on the number of shares accepted by the company.
Since the promoters are not participating in the buyback, some market participants expect better acceptance levels for retail investors.
Scenario 1: Lower acceptance
Based on shareholding data in the company’s 2025 annual report, some analysts estimate an acceptance ratio of around 11%.
Under this scenario, only a small proportion of tendered shares would be bought back.
Scenario 2: Higher acceptance
A more optimistic estimate assumes an acceptance ratio of 55%.
In that case:
- An investor holding 17 shares could see nine shares accepted at ₹12,000 each.
- The remaining eight shares would continue to be held.
Assuming the market price remains around ₹10,000, analysts estimate an overall return of approximately 10.6%.
Stock performance
Bajaj Auto had a market capitalisation of ₹2.85 lakh crore.
The stock has:
- Gained 23% over the past year.
- Risen 6% so far in 2026.
- Advanced 11% over the last six months.
- Declined 4% during the past month.
About the company
Bajaj Auto is one of India’s leading manufacturers of two-wheelers and three-wheelers.
Its portfolio includes motorcycle brands such as:
- Pulsar
- Platina
- Dominar
The company exports vehicles to more than 70 countries and is expanding its electric vehicle business through the Chetak electric scooter.
TL;DR:
Bajaj Auto’s ₹5,633 crore buyback at ₹12,000 per share offers a premium of around 17% over the current market price. Investor gains will depend on the final acceptance ratio, with some estimates suggesting returns of about 10.6% under higher acceptance scenarios.
AI Summary:
- Bajaj Auto will buy back shares at ₹12,000 each.
- The buyback size is ₹5,633 crore.
- June 24 is the record date.
- Around 15% of the offer is reserved for retail investors.
- Returns will depend on the final acceptance ratio.
