AIA Engineering Buyback Record Date 20 August 2024.Â
AIA Engineering is a prominent Indian company specializing in the design, manufacture, and servicing of high chromium wear-resistant parts used in grinding equipment across various industries, including cement, mining, and thermal power. The company, headquartered in Ahmedabad, Gujarat, was established in 1991 and has grown significantly over the years, expanding its production capacity to 440,000 metric tonnes annually as of 2023.
AIA Engineering offers a diverse range of products, including:
- High Chrome Grinding Equipment: Components designed to withstand wear in grinding processes.
- Mill Liners and Blow Bars: Essential for the efficiency of grinding mills.
- Pulp Lifters and Hammers: Used in various grinding and crushing applications.
The company also provides services such as alloy selection for wear reduction, installation support, and mill audits, which enhance operational efficiency for its clients.
AIA Engineering Buyback Record Date, Other Details
| AIA Engineering Buyback Dates | 26 – 30 August 2024 |
| AIA Engineering Buyback Price | INR 5,000 per share |
| Market Price on Buyback Approval | INR 4,510 per share |
| Buyback Premium on Market Price | 10.86% |
| Buyback Offer Size (Shares) | 10,00,000 shares |
| Buyback Offer Size (Amount) | INR 500 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
AIA Engineering Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 29 July 2024 |
| Buyback Approval Date | 7 August 2024 |
| Public Announcement of Buyback | 9 August 2024 |
| AIA Engineering Buyback Record Date | 20 August 2024 |
| Buyback Opening Date | 26 August 2024 |
| Buyback Closing Date | 30 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 30 August 2024 |
| Verification Date by the Registrar | 4 September 2024 |
| Return of unaccepted shares by Registrar | 6 September 2024 |
| Extinguishment of accepted shares | 18 September 2024 |
AIA Engineering Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
AIA Engineering Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/4 | 25.00 |
| General category (for all other Eligible Shareholders) | 1/111 | 0.90 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
AIA Engineering Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 3,567 | 4,909 | 4,854 |
| Total Expenses | 2,841 | 3,663 | 3,520 |
| Net Income | 620 | 1,056 | 1,137 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 5,000 |
| Maximum shares for small shareholders (2,00,000/5,000) | 40 shares* |
| The closing price of the stock as of 7 August 2024 | INR 4,510** |
| Maximum amount invested in buyback (INR 4,510 x 40 shares) | INR 1,80,400 |
**Â For simplicity, we have considered the price on the buyback approval date
AIA Engineering Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 40 | 10 | 10 (100%) | 4,900 | 2.72 |
| 40 | 10 | 20 (200%) | 9,800 | 5.43 |
| 40 | 10 | 30 (300%) | 14,700 | 8.15 |
Registrar of AIA Engineering Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of AIA Engineering Buyback 2024
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House, 11, Shashi Colony, Opposite
Suvidha Shopping Center, Paldi,
Ahmedabad – 380007, Gujarat, India
Phone:Â +91 79 40404242
Email:Â [email protected]
Website: www.vivro.net
The Process to Participate in AIA Engineering 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 stockbroker. 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 AIA Engineering’s buyback dates?
AIA Engineering buyback opens on 26 August 2024 and closes on 30 August 2024.
Which type of buyback is AIA Engineering’s buyback offer?
AIA Engineering buyback is a tender offer.
What is AIA Engineering buyback price?
AIA Engineering buyback price is INR 5,000 per share.
What is the AIA Engineering buyback record date?
AIA Engineering buyback record date is 20 August 2024.
How to participate in AIA Engineering share buyback?
AIA Engineering share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
