IPH (ASX:IPH) started an on-market share buyback program first disclosed last May as part of its capital management program, according to a filing with the Australian bourse.

The intellectual property firm raised its proposed buyback amount to AU$75 million from AU$40 million, the filing said. The buyback is expected to end by March 30, 2025.

The company's shares gained over 3% in recent Thursday trade.

Price (AUD): $4.87, Change: $+0.15, Percent Change: +3.17%