Ladderup Finance Buyback Record Date is 6 September 2024.Â
Founded in 1993, Ladderup Finance is a non-banking financial company (NBFC) listed on the Bombay Stock Exchange since 1995. The company offers a variety of financial services, including both fund-based and non-fund-based solutions. Headquartered in Mumbai, Ladderup Finance has engaged in several asset-based transactions to capitalize on growth opportunities in the financial services sector. However, in recent years, the company has encountered challenges due to volatile market conditions and shifts in regulatory frameworks, which have affected its profitability and revenue.
Ladderup Finance Buyback Record Date, Other Details
| Ladderup Finance Buyback Dates | 11 – 19 September 2024 |
| Ladderup Finance Buyback Price | INR 44 per share |
| Market Price on Buyback Approval | INR 43.50 per share |
| Buyback Premium on Market Price | 1.15% |
| Buyback Offer Size (Shares) | 25,00,000 shares |
| Buyback Offer Size (Amount) | INR 11 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
Ladderup Finance Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 July 2024 |
| Buyback Approval Date | 27 August 2024 |
| Public Announcement of Buyback | 30 August 2024 |
| Ladderup Finance Buyback Record Date | 6 September 2024 |
| Buyback Opening Date | 11 September 2024 |
| Buyback Closing Date | 19 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 19 September 2024 |
| Verification Date by the Registrar | 19 September 2024 |
| Return of unaccepted shares by Registrar | 25 September 2024 |
| Extinguishment of accepted shares | 7 October 2024 |
Ladderup Finance Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Ladderup Finance Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 265/288 | 92.01 |
| General category (for all other Eligible Shareholders) | 177/428 | 41.36 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Ladderup Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 11.69 | 11.18 | 12.61 |
| Total Expenses | 7.70 | 11.39 | 9.19 |
| Net Income | 3.65 | (1.30) | (3.93) |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 44 |
| Maximum shares for small shareholders (2,00,000/44) | 4,546 shares * |
| The closing price of the stock as of 27 August 2024 | INR 43.5** |
| Maximum amount invested in buyback (INR 43.5 x 4,546 shares) | INR 1,97,751 |
**Â For simplicity, we have considered the price on the buyback approval date
Ladderup Finance Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 4,546 | 4,183 | 4,183 (100%) | 2,091.5 | 1.06 |
| 4,546 | 4,183 | 8,366 (200%) | 4,183.0 | 2.12 |
| 4,546 | 4,183 | 12,549 (300%) | 6,274.5 | 3.17 |
Registrar of Ladderup Finance 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 Ladderup Finance Buyback 2024
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane), Off W. E. Highway,
Vile Parle (East), Mumbai-400 057, Maharashtra
Phone:Â +91 22 2612 3208
Email:Â [email protected]
Website:Â www.markcorporateadvisors.com
The Process to Participate in Ladderup Finance 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 Ladderup Finance’s buyback dates?
Ladderup Finance share buyback opens on 11 September 2024 and closes on 19 September 2024.
Which type of buyback is Ladderup Finance buyback offer?
Ladderup Finance buyback is a tender offer.
What is Ladderup Finance buyback price?
Ladderup Finance share buyback price is INR 44 per share.
What is the Ladderup Finance buyback record date?
Ladderup Finance buyback record date is 6 September 2024.
How to participate in Ladderup Finance share buyback?
Ladderup Finance share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
