VLS Finance Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

VLS Finance Buyback 2023

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 Dates16 January – 25 May 2023
VLS Finance Buyback Maximum Price INR 200 per share
Market Price on Buyback ApprovalINR 160.45 per share
Buyback Premium on Market Price24.65%
Buyback Offer Size (Minimum Shares)35,00,000 shares
Buyback Offer Size (Maximum Amount)INR 70 crore
Offer TypeOpen Market
Promoter ParticipationNo
Face Value INR 10 per share
Listing AtBSE, NSE

Buyback Closure Details

Buyback Average PriceINR 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 Proposal30 December 2022
Buyback Approval Date5 January 2023
Public Announcement of Buyback9 January 2023
VLS Finance Buyback Record DateNot Applicable
Buyback Opening Date16 January 2023
Buyback Closing Date25 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 2020FY 2021FY 2022H1 FY 2023
Total Expenses39.4513.5320.828.42
Net income 39.25221.36210.2232.49
Figures in INR crore unless specified otherwise

Registrar of VLS Finance Buyback 2023

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

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.


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