Abirami Financial Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

0

Last updated on January 23, 2023

Abirami Financial Buyback 2023

Abirami Financial Buyback 2023 description – Abirami Financial Services (India) is engaged in the business of Hire purchase, Leasing and Lending Money against Securities, Movable and immovable properties.The Company is also registered as a Non-Banking Financial Company with the Reserve Bank of India.


Abirami Financial Share Buyback 2023 Details

Abirami Financial Buyback DatesComing soon
Abirami Financial Buyback Price INR 28 per share
Market Price on Buyback ApprovalINR 22.78 per share
Buyback Premium on Market Price22.91%
Buyback Offer Size (Shares)6,00,000 shares
Buyback Offer Size (Amount)INR 1.68 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE

Abirami Financial Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal12 January 2023
Buyback Approval Date12 January 2023
Public Announcement of Buyback16 January 2023
Abirami Financial Buyback Record Date27 January 2023
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Abirami Financial Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Abirami Financial Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
26.70*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Abirami Financial Performance

FY 2020FY 2021FY 2022
Total Income68.7851.0846.37
Total Expenses47.2563.0165.06
Net income 15.99(11.93)(18.69)
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 28
Maximum shares for small shareholder (2,00,000/28)7,143 shares *
Closing price of stock as on 12 January 2023INR 22.78**
Maximum amount invested in buyback (INR 22.78 x 7,143 shares)INR 1,62,717
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Abirami Financial Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
714319071907 (100%)9,954.56.12
714319073814 (200%)19,909.112.24
714319075721 (300%)29,863.618.35

Registrar of Abirami Financial Buyback 2023

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: 044-28460390
Email: [email protected]
Website: www.cameoindia.com


Manager of Abirami Financial Buyback 2023

BONANZA PORTFOLIO LIMITED
Bonanza House, Plot No. M-2
Cama Industrial Estate, Walbhat Road,
Behind The Hub, Goregaon(East), Mumbai – 400063
Tel: +912262735500/68363700
Email: [email protected]
Website: www.bonanzaonline.com


Process to Participate in Abirami Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.


Frequently Asked Questions

What are Abirami Financial buyback dates?

Abirami Financial share buyback opens on NA and closes on NA.

Which type of buyback is Abirami Financial buyback offer?

Abirami Financial buyback is a tender offer.

What is Abirami Financial buyback price?

Abirami Financial buyback price is INR 28 per share.

What is Abirami Financial buyback record date?

Abirami Financial buyback record date is 27 January 2023.

How to participate in Abirami Financial share buyback?

Abirami Financial share buyback will be conducted through tender process and investors who hold the shares on record date can place orders through their broker.

LEAVE A REPLY

Please enter your comment!
Please enter your name here