Tender Offer | ₹8.72 Crores | Listed at BSE, NSE | Mon, Jul 4, 2022 - Fri, Jul 15, 2022
Avonmore Capital & Management Services Ltd. Buyback is a tender offer for the repurchase of up to 0.09 crore equity shares at a buyback price of ₹95 per share with a face value of ₹10 per share, aggregating to ₹8.72 crores.
The record date for determining eligible shareholders is Jun 15, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jul 4, 2022 and closes on Jul 15, 2022, with the last date for receipt of tender forms being Jul 18, 2022.
The finalisation of buyback acceptance is expected on Jul 22, 2022, followed by settlement of bids on Jul 25, 2022.
Corporate Capitalventures Pvt.Ltd. is the Manager to the Buyback and Beetal Financial & Computer Services Pvt.Ltd. is the Registrar and DB (International) Stock Brokers Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Avonmore Capital & Management Services Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Jul 4, 2022
Offer Closing Date
Fri, Jul 15, 2022
Buyback Price
₹95 per share
Record Date
June 15, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Lakh) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 8,719.44 | 7,201.70 | 7,218.71 |
| Profit After Tax | 4,045.02 | 2,977.74 | 1,805.27 |
| Net Worth | 28,425.92 | 24,346.62 | 21,264.59 |
| Reserve and Surplus | 18,133.11 | 14,866.17 | 12,604.68 |
Avonmore Capital & Management Services Limited is Non-Banking Financial Institution and Sub-Broker Advisory Firm. Avonmore Capital engages in NBFC activities and offers broker advisory services. Avonmore Capital & Management Services Limited was formerly known as Almondz Global Securities Limited.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2021 | 52.85 | 40.20 | 46.82 |
| Dec-2021 | 77.80 | 48.00 | 67.54 |
| Jan-2022 | 84.90 | 62.00 | 68.97 |
The buyback is being undertaken for the following reasons:
1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.
Avonmore Capital & Management Services Ltd.
F-33/3,
Okhla Industrial Area,
Phase II, New Delhi 110020
New Delhi, New Delhi, 110020
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
The Avonmore Capital Buyback opens on July 4, 2022, and closes on July 15, 2022.
The Avonmore Capital Buyback last day to buy is not available as of now.
The Avonmore Capital Buyback is a Tender Offer.
Avonmore Capital Buyback Schedule
| Buyback Opening Date | July 4, 2022 |
| Buyback Closing Date | July 15, 2022 |
| Last Date for receipt of Tender Forms | July 18, 2022 |
| Finalisation of Buyback Acceptance | July 22, 2022 |
| Last Date for settlment of bids | July 25, 2022 |
| Last Date for Extinguishment of Shares | August 1, 2022 |
The Avonmore Capital Buyback is being offered at Rs ₹95 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date. |
The issue size of Avonmore Capital Buyback is 9,17,680 equity shares at ₹95 per share aggregating up to ₹8.72 Crores.
The buyback is being undertaken for the following reasons:
1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.
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 Avonmore Capital Buyback 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.
