Abirami Financial Services Buyback 2023 vs VRL Logistics Buyback 2023

Comparision between Abirami Financial Services Buyback 2023 and VRL Logistics Buyback 2023.

Buyback Details

Abirami Financial Services Buyback 2023 is a Tender Offer buyback proposed to list at BSE while VRL Logistics Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Abirami Financial Services (India) Limited

VRL Logistics Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹28 per share

₹700 per share

Issue Size

6,00,000 shares

8,75,000 shares

Issue Size (Amount)

₹1.68 Crores

₹61.25 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	17 Equity Shares out of every 62 Fully paid-up Equity Shares held on the Record Date.	90,000.00
General Category for all other Eligible Shareholders	8 Equity Shares out of every 89 Fully paid-up Equity Shares held on the Record Date.	510,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.	131,250.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date.	743,750.00

Registrar

Cameo Corporate Services Limited

Kfin Technologies Limited

Lead Managers

Bonanza Portfolio Limited

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The proposed buy-back is being undertaken, inter-alia for the following reasons:

The buy-back will help the company to return surplus cash to its shareholders holding equity shares broadly in the proportion of their shareholding, thereby, enhancing the overall return to the shareholders,
The buy-back may help in improving return on equity due to a reduction in the equity base, thereby leading to a long-term increase in shareholders' value, and
The buy-back gives an option to the shareholders holding equity shares of the company, to either choose to participate and get cash-in-lieu of equity shares or choose to not participate and enjoy a resultant increase in their percentage shareholding.

The Buyback offers the following advantages:

a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

Buyback Timetable

Abirami Financial Services Buyback 2023 and VRL Logistics Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Abirami Financial Services Buyback 2023 Buyback record date is Jan 27, 2023. VRL Logistics Buyback 2023 Buyback record date is Feb 10, 2023.

	Abirami Financial Services (India) Limited	VRL Logistics Limited
Record Date	Jan 27, 2023	Feb 10, 2023
Offer Open Date	Mar 14, 2023	Mar 13, 2023
Offer Closure Date	Mar 29, 2023	Mar 27, 2023
Last date for receipt of tender forms	Mar 30, 2023	Mar 27, 2023
Finalisation of buyback	Apr 10, 2023	Apr 06, 2023
Last Date for settlment of bids	Apr 12, 2023	Apr 10, 2023
Last Date for extinguishment of shares	Apr 05, 2023	Apr 17, 2023

Financial Details and Other Relevent Information

Comparison of Abirami Financial Services Buyback 2023 and VRL Logistics Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Abirami Financial Services (India) Limited

VRL Logistics Limited

Financial

Abirami Financial Services (India) Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	8.17	0.69	0.16
31-Mar-21	8	0.51	-0.12
31-Mar-22	7.82	0.46	-0.19
Amount in ₹ Crore

VRL Logistics Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2128.86	90.11	616.87	189.3
31-Mar-21	1775.79	45.07	597.14	119.57
31-Mar-22	2410.47	160.11	651.63	143.48
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	23.55	16.30	19.69
Jan-2023	32.01	15.44	23.92
Dec-2022	14.71	7.47	10.71

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2023	574.80	506.50	546.05
Dec-2022	589.45	512.75	554.43
Nov-2022	618.65	509.05	564.86

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2023	575.00	507.70	546.30
Dec-2022	589.00	512.40	554.60
Nov-2022	618.95	509.55	564.90

Compare with others

Abirami Financial Services (India) Limited	VRL Logistics Limited
Symphony Buyback	Godawari Power and Ispat Buyback 2023
TeamLease Services Buyback	Ajanta Pharma Buyback 2023
VRL Logistics Buyback 2023	Natco Pharma Buyback 2023
Sportking India Buyback 2023	Symphony Buyback
KDDL Buyback 2023	TeamLease Services Buyback
VLS Finance Buyback	Sportking India Buyback 2023
Welspun Enterprises Buyback	KDDL Buyback 2023
Hinduja Global Solutions Buyback	Abirami Financial Services Buyback 2023
One 97 Communications Buyback	VLS Finance Buyback
KAMA Holdings Buyback	Welspun Enterprises Buyback

Comments

Add a public comment...