VLS Finance Buyback 2023 description – Incorporated in January 1986, VLS Finance is engaged in the business of offering financial services to customers. The company is continuing its efforts to increase its retail broking business as its brokerage income increased by 400% compared to the last year. The Merchant Banking Division of the company is continuing to explore possibilities of making inroads in consultancy and similar fee-based services. VLS Finance is a debt-free company.
The company primarily focuses on the following areas:
- Stock Broking – Primarily Catering to Group Companies and Associates
- Investment Banking – VLS Securities Subsidiary of the Company is a SEBI Registered Merchant Banker
- Proprietary Investments & Equity Research
- Corporate Consulting & Advisory Services
VLS Finance Buyback 2023 Details
| VLS Finance Buyback Dates | 16 January – 25 May 2023 |
| VLS Finance Buyback Maximum Price | INR 200 per share |
| Market Price on Buyback Approval | INR 160.45 per share |
| Buyback Premium on Market Price | 24.65% |
| Buyback Offer Size (Minimum Shares) | 35,00,000 shares |
| Buyback Offer Size (Maximum Amount) | INR 70 crore |
| Offer Type | Open Market |
| Promoter Participation | No |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Buyback Closure Details
| Buyback Average Price | INR 179.22 per share |
| Buyback Offer Size (Shares) | 38,66,025 shares |
| Buyback Offer Size (Amount) | INR 69.29 crore |
VLS Finance Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 30 December 2022 |
| Buyback Approval Date | 5 January 2023 |
| Public Announcement of Buyback | 9 January 2023 |
| VLS Finance Buyback Record Date | Not Applicable |
| Buyback Opening Date | 16 January 2023 |
| Buyback Closing Date | 25 May 2023 |
VLS Finance Buyback 2023 Documents
Completion of Buyback
Public Announcement
Board Approval
Upcoming Share Buyback
VLS Finance Buyback Entitlement Ratio
There is no shareholder entitlement since the buyback will be conducted through open market purchases.
VLS Finance Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 30.50 | 220.98 | 229.33 | 26.15 |
| Total Expenses | 39.45 | 13.53 | 20.82 | 8.42 |
| Net income | 39.25 | 221.36 | 210.22 | 32.49 |
Registrar of VLS Finance Buyback 2023
RCMC SHARE REGISTRY PRIVATE LIMITED
B-25/1, Okhla Industrial Area,
Phase -2, Near Rana Motors,
New Delhi – 110020
Phone: +011-26387320
E-mail: [email protected]
Website: www.romedelhi.com
Manager of VLS Finance Buyback 2023
SMC CAPITALS LIMITED
A-401/402, Lotus Corporate Park,
Off Western Express Highway,
Jai Coach Signal, Goregaon (East),
Mumbai – 400063, Maharashtra
Phone: 022-66481818
Email: [email protected]
Website: www.smccapitals.com
Process to Participate in VLS Buyback
Buybacks are conducted either through an open market or through a tender process.
Through Tender Process
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.
Through Open Market
Investor shareholders don’t have to do anything as the company purchases shares through the open market at the prevailing rates and cancels the shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increase, effectively making them more valuable.
Frequently Asked Questions
What are VLS Finance buyback dates?
VLS Finance buyback opens on 16 January 2023 and closes on 25 May 2023.
Which type of buyback is VLS buyback offer?
VLS Finance buyback is an open market offer.
What is VLS buyback price?
VLS Finance buyback price is INR 200 per share.
What is VLS buyback record date?
VLS Finance buyback record date is Not Applicable.
How to participate in VLS buyback?
VLS Finance buyback will be conducted through open market purchases and thus, no special participation is required from investors.
