Tender Offer | ₹13.23 Crores | Listed at BSE | Thu, Feb 1, 2024 - Wed, Feb 7, 2024
Arnold Holdings Ltd. Buyback is a tender offer for the repurchase of up to 0.63 crore equity shares, representing 20.95% of the total paid-up equity share capital at a buyback price of ₹21 per share with a face value of ₹10 per share, aggregating to ₹13.23 crores.
The record date for determining eligible shareholders is Jan 25, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Feb 1, 2024 and closes on Feb 7, 2024, with the last date for receipt of tender forms being Feb 7, 2024.
The finalisation of buyback acceptance is expected on Feb 14, 2024, followed by settlement of bids on Feb 14, 2024.
Interactive Financial Services Ltd. is the Manager to the Buyback and Niche Technologies Pvt.Ltd. is the Registrar and Allwin Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Arnold Holdings Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Feb 1, 2024
Offer Closing Date
Wed, Feb 7, 2024
Buyback Price
₹21 per share
Record Date
January 25, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 2 Fully paid-up Equity Shares held on the Record Date. | 945,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 5 Fully paid-up Equity Shares held on the Record Date. | 5,355,000.00 |
Arnold Holdings Limited's revenue increased by 38.45% and profit after tax (PAT) rose by 152.56% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 137.93 | 107.00 | 58.23 | |
| Revenue | 89.83 | 164.61 | 118.90 | 37.48 |
| Profit After Tax | 1.66 | 3.81 | 1.51 | 0.69 |
| Net Worth | 59.36 | 57.70 | 54.23 | 53.05 |
| Amount in ₹ Crore | ||||
Arnold Holdings Limited was established in 1981 and provides portfolio advisory services and investments in equities and operates as a non-banking financial company.
The company operates in the following areas:
The company provides private equity financing to companies in various sectors, including pharmaceutical research, high-end telecommunications technology product development, media production services, technology-enabled CRM, and messaging services to traditional sectors such as textiles, pharmaceuticals, manufacturing, construction, processed foods, component and tooling manufacturing and hotels.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2023 | 26.10 | 16.90 | 22.28 |
| Nov-2023 | 22.29 | 17.50 | 18.77 |
| Oct-2023 | 19.50 | 16.90 | 18.44 |
The Buyback is being undertaken for the following reasons:
Arnold Holdings Ltd.
B 208, Ramji House,
30 Jambulwadi, JSS Road,
Mumbai-400002
Mumbai, Maharashtra, 400002
Lead Manager(s)
Registered Broker
The Arnold Holdings Buyback 2024 opens on February 1, 2024, and closes on February 7, 2024.
Last date to be eligible to participate in buyback is January 24, 2024.
The Arnold Holdings Buyback 2024 is a Tender Offer.
Arnold Holdings Buyback 2024 Schedule
| Buyback Opening Date | February 1, 2024 |
| Buyback Closing Date | February 7, 2024 |
| Last Date for receipt of Tender Forms | February 7, 2024 |
| Finalisation of Buyback Acceptance | February 14, 2024 |
| Last Date for settlment of bids | February 14, 2024 |
| Last Date for Extinguishment of Shares | February 16, 2024 |
The Arnold Holdings Buyback 2024 is being offered at Rs ₹21 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 2 Fully paid-up Equity Shares held on the Record Date. | 945,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 5 Fully paid-up Equity Shares held on the Record Date. | 5,355,000.00 |
The issue size of Arnold Holdings Buyback 2024 is 63,00,000 equity shares at ₹21 per share aggregating up to ₹13.23 Crores.
The Buyback is being undertaken 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 Arnold Holdings 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.
