Tender Offer | ₹500.00 Crores | Listed at BSE, NSE | Mon, Aug 26, 2024 - Fri, Aug 30, 2024
Aia Engineering Ltd. Buyback is a tender offer for the repurchase of up to 0.10 crore equity shares, representing 1.06% of the total paid-up equity share capital at a buyback price of ₹5000 per share with a face value of ₹2 per share, aggregating to ₹500.00 crores.
The record date for determining eligible shareholders is Aug 20, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Aug 26, 2024 and closes on Aug 30, 2024, with the last date for receipt of tender forms being Aug 30, 2024.
The finalisation of buyback acceptance is expected on Sep 5, 2024, followed by settlement of bids on Sep 6, 2024.
Vivro Financial Services Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Pravin Ratilal Share and Stock Brokers Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Aia Engineering Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Aug 26, 2024
Offer Closing Date
Fri, Aug 30, 2024
Buyback Price
₹5000 per share
Record Date
August 20, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 4 Fully paid-up Equity Shares held on the Record Date. | 0 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 111 Fully paid-up Equity Shares held on the Record Date. | 0 |
Aia Engineering Ltd.'s revenue not changed and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 6,631.2 | 7,495.17 | ||||||||||||||||||||||||||||
| Revenue | 5,135.16 | 5,143.31 | 3,722.84 | |||||||||||||||||||||||||||
| Profit After Tax | 1,136.99 | 1,056.5 | 619.62 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Ahmedabad Induction Alloys (AIA) Engineering Limited was established in 1978 and is engaged in the design, development, manufacture, installation and maintenance of wear-resistant high chromium material parts for grinding equipment in the cement, mining, and quarrying industries.
Together with Vega Industries, the international marketing arm of AIA Engineering, the company develops and manufactures innovative products and offers complete solutions to give customers' businesses the boost they need. The company has three main focus areas:
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 4,727.00 | 4,170.65 | 4,321.60 |
| Jun-2024 | 4,330.00 | 3,575.00 | 3,971.76 |
| May-2024 | 3,908.80 | 3,575.00 | 3,742.80 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 4,795.00 | 4,167.70 | 4,322.47 |
| Jun-2024 | 4,339.70 | 3,567.35 | 3,974.31 |
| May-2024 | 3,897.90 | 3,592.05 | 3,741.50 |
The Buy-Back is being undertaken, inter-alia, for the following reasons:
Aia Engineering Ltd.
115, G.V.M.M. Estate,
Odhav Road, Odhav,
Ahmedabad - 382415.
Ahmedabad, Gujarat, 382415
Lead Manager(s)
Registered Broker
The AIA Engineering Buyback 2024 opens on August 26, 2024, and closes on August 30, 2024.
Last date to be eligible to participate in buyback is August 19, 2024.
The AIA Engineering Buyback 2024 is a Tender Offer.
AIA Engineering Buyback 2024 Schedule
| Buyback Opening Date | August 26, 2024 |
| Buyback Closing Date | August 30, 2024 |
| Last Date for receipt of Tender Forms | August 30, 2024 |
| Finalisation of Buyback Acceptance | September 5, 2024 |
| Last Date for settlment of bids | September 6, 2024 |
| Last Date for Extinguishment of Shares | September 18, 2024 |
The AIA Engineering Buyback 2024 is being offered at Rs ₹5000 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 4 Fully paid-up Equity Shares held on the Record Date. | 0 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 111 Fully paid-up Equity Shares held on the Record Date. | 0 |
The issue size of AIA Engineering Buyback 2024 is 10,00,000 equity shares at ₹5000 per share aggregating up to ₹500.00 Crores.
The Buy-Back is being undertaken, inter-alia, for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The AIA Engineering Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
