FREE Account Opening + No Clearing Fees
Loading...

AIA Engineering Buyback 2024 vs Chaman Lal Setia Exports Buyback 2024

Comparision between AIA Engineering Buyback 2024 and Chaman Lal Setia Exports Buyback 2024.

Buyback Details

AIA Engineering Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Chaman Lal Setia Exports Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Aia Engineering Ltd. Chaman Lal Setia Exports Ltd.
Logo AIA Engineering Buyback 2024 Logo Chaman Lal Setia Exports Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹2 per share
Buyback Price ₹5000 per share ₹300 per share
Issue Size 10,00,000 shares 20,07,930 shares
Issue Size (Amount) ₹500.00 Crores ₹60.24 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 4 Fully paid-up Equity Shares held on the Record Date.0
General Category for all other Eligible Shareholders1 Equity Shares out of every 111 Fully paid-up Equity Shares held on the Record Date.0
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders21 Equity Shares out of every 251 Fully paid-up Equity Shares held on the Record Date.3,01,190
General Category for all other Eligible Shareholders24 Equity Shares out of every 677 Fully paid-up Equity Shares held on the Record Date.17,06,740
Registrar Link Intime India Private Ltd Beetal Financial & Computer Services (P) Limited
Lead Managers Vivro Financial Services Private Limited Corporate Professionals Capital Private Ltd
Necessity of the buyback

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
  2. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.
  3. The buy-back is being proposed by the company to service the equity more efficiently, additionally, the company management strives to increase equity shareholder's value.
  4. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base; thereby increasing in a long-term increase in shareholder's value.
  5. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
    The buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

AIA Engineering Buyback 2024 and Chaman Lal Setia Exports Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. AIA Engineering Buyback 2024 Buyback record date is Aug 20, 2024. Chaman Lal Setia Exports Buyback 2024 Buyback record date is Aug 19, 2024.

  Aia Engineering Ltd. Chaman Lal Setia Exports Ltd.
Record Date Aug 20, 2024 Aug 19, 2024
Offer Open Date Aug 26, 2024 Aug 23, 2024
Offer Closure Date Aug 30, 2024 Aug 29, 2024
Last date for receipt of tender forms Aug 30, 2024 Aug 29, 2024
Finalisation of buyback Sep 05, 2024 Sep 04, 2024
Last Date for settlment of bids Sep 06, 2024 Sep 05, 2024
Last Date for extinguishment of shares Sep 18, 2024 Sep 17, 2024

Financial Details and Other Relevent Information

Comparison of AIA Engineering Buyback 2024 and Chaman Lal Setia Exports Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Aia Engineering Ltd. Chaman Lal Setia Exports Ltd.
Financial

Aia Engineering Ltd. Financial Information (Restated Consolidated)

Aia Engineering Ltd.'s revenue not changed and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets6,631.27,495.17
Revenue5,135.165,143.313,722.84
Profit After Tax1,136.991,056.5619.62
Amount in ₹ Crore

Chaman Lal Setia Exports Limited Financial Information (Restated Standalone)

Chaman Lal Setia Exports Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets
Revenue1,365.21,398.82936.36
Profit After Tax115.64117.6764.98
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 4727.00 4170.65 4321.60
Jun-2024 4330.00 3575.00 3971.76
May-2024 3908.80 3575.00 3742.80

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.20 202.75 220.11
Jun-2024 223.05 185.00 208.47
May-2024 233.00 199.40 217.73
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 4795.00 4167.70 4322.47
Jun-2024 4339.70 3567.35 3974.31
May-2024 3897.90 3592.05 3741.50

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.50 203.29 223.30
Jun-2024 223.50 183.35 208.40
May-2024 233.40 197.75 217.15

Comments

Add a public comment...