Open Market Through Stock Exchange | ₹70.00 Crores | Listing at BSE, NSE | Mon, Jan 16, 2023 - Mon, May 29, 2023
VLS Finance Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹200 per share with a face value of ₹10 per share, aggregating to ₹70.00 crores.
The buyback opens on Jan 16, 2023 and closes on May 29, 2023.
SMC Capitals Ltd. is the Manager to the Buyback and RCMC Share Registry Pvt.Ltd. is the Registrar and Globe Capital Market Ltd. is the Registered Broker to the Buyback.
Investors are advised to refer to the VLS Finance Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Jan 16, 2023
Offer Closing Date
Mon, May 29, 2023
Buyback Price
₹200 per share
Record Date
[.]
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1629.17 | 214.64 | 215.82 |
| 31-Mar-22 | 2008.42 | 286.29 | 254.39 |
| Amount in ₹ Crore | |||
Incorporated in January 1986, VLS Finance Limited is engaged in the business of offering financial services to customers.
They primarily focus on areas like:
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.
| 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 |
| 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 |
The Buy-Back is expected to achieve the following objectives:
VLS Finance Ltd.
VLS Finance Ltd. Ground Floor, 90,
Okhla Industrial Estate, Phase III,
New Delhi – 110020
New Delhi, New Delhi, 110020
Lead Manager(s)
Registered Broker
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 Date | January 16, 2023 |
| Buyback Closing Date | May 29, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The VLS Finance Buyback is being offered at Rs ₹200 per share.
There is no ratio applicable in case of open market offer 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:
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.
