Infosys Buyback Subscription Soars to 826% On Final Day

November 26, 2025: Infosys’ share buyback has received a massive response, with total bids by evening on July 26, 2025, reaching 8,26,10,283 shares. This is equivalent to a huge 826.10% subscription of the 10 crore shares issued, which spells investor interest way over and above expectations. The buyback, open between November 20 and 26, received more than eight times the number of bids than it had capacity.

Buyback Snap and Key Details

The buyback was done via the tender offer process at an offer price of 1800 per share. It was completely electronic as all the bids were placed in demat form, which amounted to a streamlined process of participation. The company had a book size of 10 crore shares with a face value of 5, which saw the different investor groups showing a lot of interest as the offer entered its last hours.

Institutional Investors Push Through the Majority of Bids

The most notable aspect of the last-day data is the emergence of qualified institutional buyers. QIBs submitted a bid in excess of 42.82 crore shares, most of which were tendered by mutual funds, which in turn tendered a total of more than 28 crore shares. The same can be said of foreign institutional investors and domestic financial institutions, who also had a strong confidence in the long-term prospects of the company.

Non-Institutional and Retail Participation Remains Strong

There was high participation of corporates and other high-net-worth investors as non-institutional investors placed 1.12 crore shares. Retail interest was reflected by a high number of shares presented by individual investors, with over 2.07 crore shares being offered despite the competitive aspect of the offer.

The Implications of the Oversubscription on Shareholders

Currently, subscription levels stand at 826% and this means that acceptance ratios will be extremely low in all categories. This is because the heavy oversubscription implies that there is a lot of sentiment behind the buyback, but also implies that at the time the final allocation is announced, only a small percentage of tendered shares will be accepted.

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