Aia Engineering Ltd. Buyback
AIA Engineering Buyback 2024
Tender Offer
₹5,000.00
Buyback price per share19 Aug, 2024
Last Date to buy shares20 Aug, 2024
Record Date26 Aug, 2024
Offer Opens30 Aug, 2024
Offer Closes30 Aug, 2024
Last Date for Tender Forms05 Sep, 2024
Finalisation of Buyback Acceptance06 Sep, 2024
Last Date for settlement of bids18 Sep, 2024
Last Date for Extinguishment of SharesAbout Aia Engineering Ltd. Buyback Company
Ahmedabad Induction Alloys (AIA) Engineering Limited was established in 1978 and is engaged in the design, development, manufacture, installation and maintenance of wear-resistant high chromium material parts for grinding equipment in the cement, mining, and quarrying industries.
Together with Vega Industries, the international marketing arm of AIA Engineering, the company develops and manufactures innovative products and offers complete solutions to give customers' businesses the boost they need. The company has three main focus areas:
Mining: the company offers solutions from the grinding process to downstream process optimization and has significant manufacturing capacity for high chrome grinding media and mill liners.
Cement: Production of wear parts for cement plants. The product portfolio includes high-chromium grinding media, mill linings, and vertical mill linings. The company also offers marked ball testing, custom linings, and VRM optimization services.
Quarries: Supply of wear and impact-resistant alloys and inserts. The product range includes blow bars, hammers, impellers, anvils, feed disks, and frame linings.
Aia Engineering Ltd. Buyback Details
- Security Name Aia Engineering Ltd.
- Buyback Price ₹5,000.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager Vivro Financial Services Private Limited
- Issue Size 1,000,000 (1.06 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Aia Engineering Ltd. Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1/4 | |
| General Category for all other Eligible Shareholders | 1/111 |
Aia Engineering Ltd. Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Profit After Tax | 1,136.99 | 1,056.5 | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 6,631.2 | 7,495.17 | -- |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Revenue | 5,135.16 | 5,143.31 | -- |
How to Participate in Aia Engineering Ltd. Buyback?
Calculation of Investment in Aia Engineering Ltd. Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 7, 2024
Expected Profit from the Aia Engineering Ltd. Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹180,400.40 | 13 | 6369 | 3.53% |
| 50% | ₹180,400.40 | 20 | 9799 | 5.43% |
| 75% | ₹180,400.40 | 30 | 14699 | 8.15% |
| 100% | ₹180,400.40 | 40 | 19599 | 10.86% |
Amount Invested in Buyback: ₹180,400.40
Aia Engineering Ltd. Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.
The buy-back is being proposed by the company to service the equity more efficiently, additionally, the company management strives to increase equity shareholder's value.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base; thereby increasing in a long-term increase in shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
Contact Details
Aia Engineering Ltd. Buyback
115, G.V.M.M. Estate, Odhav Road, Odhav, Ahmedabad - 382415.
+91-79-22901078
ric@aiaengineering.com
Registrar Contact Details
Link Intime India Private Ltd
aiaengineering.buyback2024@linkintime.co.in
+91-22-4918 6270