Arnold Holdings Buyback 2023 description – Established in 1981, Arnold Holdings operates within the realm of providing Loans. This non-deposit-taking, non-banking financing company focuses on lending to micro, small, and medium enterprises, along with investments in shares. The company stands as a private equity provider to entities spanning diverse sectors, including pharmaceutical research, high-end telecom technology, product development, media production services, technology, textiles, drug manufacturing, construction, processed foods, components and tool fabrication, and real estate.
Arnold Holdings currently operates in the following fields:
- Corporate Finance
- Infrastructure Finance
- Mortgage and Loans
- Capital Market
Arnold Holdings Share Buyback 2023 Details
| Arnold Holdings Buyback Dates | 1 – 7 Feb 2024 |
| Arnold Holdings Buyback Price | INR 21 per share |
| Market Price on Buyback Approval | INR 20.42 per share |
| Buyback Premium on Market Price | 2.84% |
| Buyback Offer Size (Shares) | 63,00,000 shares |
| Buyback Offer Size (Amount) | INR 13.23 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
Arnold Holdings Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 14 December 2023 |
| Buyback Approval Date | 21 December 2023 |
| Public Announcement of Buyback | 17 January 2024 |
| Arnold Holdings Buyback Record Date | 25 January 2024 |
| Buyback Opening Date | 1 February 2024 |
| Buyback Closing Date | 7 February 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 9 February 2024 |
| Verification Date by the Registrar | 14 February 2024 |
| Return of unaccepted shares by Registrar | 14 February 2024 |
| Extinguishment of accepted shares | 16 February 2024 |
Arnold Holdings & Grani Industries Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Arnold Holdings Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/2 | 50 |
| General category (for all other Eligible Shareholders) | 1/5 | 20 |
A small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Arnold Holdings Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 37.33 | 118.67 | 162.97 |
| Total Expenses | 36.54 | 116.80 | 159.59 |
| Net income | 0.69 | 1.51 | 3.81 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 21.00 |
| Maximum shares for small shareholders (2,00,000/21) | 9,524 shares * |
| The closing price of the stock as of 21 December 2023 | INR 20.42** |
| Maximum amount invested in buyback (INR 20.42 x 9,524 shares) | INR 1,94,480 |
** For simplicity, we have considered the price on the buyback approval date
Arnold Holdings Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 9,524 | 4,762 | 4,762 (100%) | 2,761.96 | 1.42 |
| 9,524 | 4,762 | 9,524 (200%) | 5,523.92 | 2.84 |
| 9,524 | 4,762 | 14,286 (300%) | 8,285.88 | 4.26 |
Registrar of Arnold Holdings & Grani Industries Buyback 2023
NICHE TECHNOLOGIES PRIVATE LIMITED
3A Auckland Place, 7th Floor,
Room No. 7A & 7B, Kolkata700017
Phone:Â 033-22806616
Email:Â [email protected]
Website:Â www.nichetechpl.com
Manager of Arnold Holdings & Grani Industries Buyback 2023
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone:Â 91 079 4601 9796
Email:Â [email protected]
Website:Â www.ifinservices.in
Process to Participate in Arnold Holdings 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. 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 complete document verification, 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 Arnold Holdings buyback dates?
Arnold Holdings share buyback opens on 1 February 2024 and closes on 7 February 2024.
Which type of buyback does Arnold Holdings buyback offer?
Arnold Holdings buyback is a tender offer.
What is Arnold Holdings buyback price?
Arnold Holdings buyback price is INR 21 per share.
What is Arnold Holdings buyback record date?
Arnold Holdings buyback record date is 25 January 2024.
How to participate in Arnold Holdings share buyback?
Arnold Holdings share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
