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AIA Engineering Buyback 2024 vs Vls Finance Buyback 2024

Comparision between AIA Engineering Buyback 2024 and Vls Finance Buyback 2024.

Buyback Details

AIA Engineering Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Vls Finance Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Aia Engineering Ltd. Vls Finance Ltd.
Logo AIA Engineering Buyback 2024 Logo Vls Finance Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹10 per share
Buyback Price ₹5000 per share ₹380 per share
Issue Size 10,00,000 shares 33,00,000 shares
Issue Size (Amount) ₹500.00 Crores ₹125.40 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 Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.5,65,316
General Category for all other Eligible Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.27,34,684
Registrar Link Intime India Private Ltd Rcmc Share Registry Private Limited
Lead Managers Vivro Financial Services Private Limited New Berry Capitals Private Limited
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.

Having regards to the healthy cash flows that the Company has been able to consistently generate, the future projected cash flows of the Company and the anticipated funds required for capital expenditure and working capital to meet the expected future growth of the Company, the Buy-back is expected to achieve the following objectives:

  • optimize returns to shareholders;
  • enhance overall shareholders' value; and
  • optimize the capital structure

The Buy Back, which is being implemented through the Tender Offer as prescribed under the SEBI Buy Back Regulations, would involve allocation of 15% of number of Equity Shares that the Company proposes to Buy Back or several Equity Shares entitled as per the shareholding of Small Shareholders, whichever is higher, to Small Shareholders. The Company believes that this reservation of 15% for

The Buyback gives the shareholders holding Equity Shares of the Company the option to either (i) participate and receive cash instead of Equity Shares to be accepted under the Buyback Offer or (ii) choose not to participate and enjoy a resultant increase in their percentage shareholding post-buyback Offer without additional investment.

Buyback Timetable

AIA Engineering Buyback 2024 and Vls Finance 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. Vls Finance Buyback 2024 Buyback record date is Aug 26, 2024.

  Aia Engineering Ltd. Vls Finance Ltd.
Record Date Aug 20, 2024 Aug 26, 2024
Offer Open Date Aug 26, 2024 Aug 30, 2024
Offer Closure Date Aug 30, 2024 Sep 05, 2024
Last date for receipt of tender forms Aug 30, 2024 Sep 05, 2024
Finalisation of buyback Sep 05, 2024 Sep 12, 2024
Last Date for settlment of bids Sep 06, 2024 Sep 13, 2024
Last Date for extinguishment of shares Sep 18, 2024 Sep 23, 2024

Financial Details and Other Relevent Information

Comparison of AIA Engineering Buyback 2024 and Vls Finance 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. Vls Finance 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

Vls Finance Ltd. Financial Information (Restated Consolidated)

Vls Finance Ltd.'s revenue increased by 395% and profit after tax (PAT) rose by 479% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets3,062.833,684.993,068.38
Revenue418.284.4232.34222.18
Profit After Tax324.3355.97210.22221.36
Net Worth1,589.531,111.921,113.75
Reserves and Surplus1,457.981,670.981,313.56
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 337.95 289.05 306.47
Jun-2024 308.60 234.00 267.22
May-2024 297.25 242.05 259.75
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 337.15 291.00 306.45
Jun-2024 309.50 234.00 267.22
May-2024 300.05 241.85 259.80

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