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January 16, 2023 - May 29, 2023

VLS Finance Limited Buyback (VLS Finance Buyback) Detail

Incorporated in January 1986, VLS Finance Limited is engaged in the business of offering financial services to customers.

They primarily focus on areas like:

  • Stock Broking
  • Investment Banking
  • Proprietary Investments & Equity Research
  • Corporate Consulting & Advisory Services

The company is listed on National Stock Exchange, Bombay Stock Exchange, Calcutta Stock Exchange, and Madras Stock Exchange.

The company has found its expertise niche in the financial sector and is working to rise higher and higher with its steady and continuous endeavors. VLS Finance attempts at offering quality services and resolve the requirements of its customers in the most favorable and convenient way.

VLS Finance Buyback Detail

Issue PeriodJanuary 16, 2023 - May 29, 2023
Security NameVLS Finance Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹70.00 Crores
Buyback Price₹200 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

VLS Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211629.17214.64215.82
31-Mar-222008.42286.29254.39
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.30 120.50 134.75
Nov-2022 152.90 131.85 136.17
Oct-2022 142.00 115.00 133.93

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.90 120.50 134.64
Nov-2022 151.80 130.00 136.21
Oct-2022 147.85 128.90 133.75

Necessity of the Issue

The Buy-Back is expected to achieve the following objectives:

  1. optimize returns to shareholders
  2. enhance overall shareholders' value
  3. optimize the capital structure

VLS Finance Buyback Documents

VLS Finance Buyback Rating

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Company Contact Information

VLS Finance Limited
VLS Finance Ltd. Ground Floor, 90,
Okhla Industrial Estate, Phase III,
New Delhi – 110020

Phone: +91-011-46656666
Email: vls@vlsfinance.com
Website: https://www.vlsfinance.com/

VLS Finance Buyback Registrar

  1. Rcmc Share Registry Private Limited
       B-106,Sector-2,
       Noida U.P.201301
       

    Phone: (91) 120 4015880
    Email: investor.services@rcmcdelhi.com
    Website: http://www.rcmcdelhi.com/

VLS Finance Buyback Manager

Lead Manager(s)

  1. Smc Capitals Limited

Registered Broker

  1. Globe Capital Market Ltd.
    Email:

Find VLS Finance Buyback Latest Update

VLS Finance Buyback FAQs

The VLS Finance Buyback opens on January 16, 2023, and closes on May 29, 2023.

The VLS Finance Buyback is a Open Market Through Stock Exchange.

VLS Finance Buyback Schedule

Buyback Opening DateJanuary 16, 2023
Buyback Closing DateMay 29, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The VLS Finance Buyback is being offered at Rs ₹200 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The VLS Finance Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹70.00 Crores with pricing of Rs.₹200 per share.

The Buy-Back is expected to achieve the following objectives:

  1. optimize returns to shareholders
  2. enhance overall shareholders' value
  3. optimize the capital structure

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The VLS Finance 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.


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