Anand Rathi Wealth Limited Buyback
Anand Rathi Buyback 2024
Tender Offer
₹4,450.00
Buyback price per shareAbout Anand Rathi Wealth Limited Buyback
Anand Rathi Wealth Limited is publicly traded company that offers various financial services such as wealth management, investment banking, and financial product distribution. It was established in 1995 and is a part of Anand Rathi Group and offers financial services. With over 322 relationship managers and 9,641 clients in India and abroad, the company has a strong presence in the market.
Anand Rathi Wealth Limited's specialities include:
Investment advisory, Non-banking finance company, Institutional Equities, Mutual funds, Wealth Management, Tax efficiency, Insurance audit, Estate planning, Market linked debentures, and Financial Planning.
The company's revenue has grown by 20.57% over the last five years, higher than the industry average of 8.46%. Its market share has also increased from 1.64% to 2.78% over the same period.
Anand Rathi Wealth Limited Buyback Details
Security Name
Anand Rathi Wealth LimitedBuyback Price
₹4,450.00Face Value
₹5.00Listing at Group
BSE, NSELead Manager
Mark Corporate Advisors Private LimitedBuyback Docs
Letter Of OfferIssue Size
370,000 (0.88 % of Total number of equity Shares)Anand Rathi Buyback 2024 Issue Timetable
Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
May 31, 2024 | Jun 3, 2024 | Jun 7, 2024 | Jun 13, 2024 |
Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
Jun 13, 2024 | Jun 19, 2024 | Jun 21, 2024 | Jul 2, 2024 |
Anand Rathi Wealth Limited Buyback Ratio
Category | Entitlement Ratio of Buyback | Shares Offered |
Reserved Category for Small Shareholders | 37/483 | 55500 |
General Category for all other Eligible Shareholders | 3/392 | 314500 |
Company Financials All values are in ₹ Cr.
Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
---|---|---|---|
Total Revenue | 558.33 | 425.63 | 279.25 |
Total Borrowing | -- | -- | -- |
Profit After Tax | 168.60 | 126.80 | 44.62 |
Reserves And Surplus | 486.12 | 360.97 | 267.29 |
Total Assets | 624.12 | 480.16 | 339.75 |
Net Worth | -- | -- | -- |
How to Participate in Anand Rathi Wealth Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Anand Rathi Wealth Limited Buyback in Demat or physical form as on the record date Jun 3, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jun 7, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Jul 2, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Anand Rathi Wealth Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹4,450.00 |
Maximum share for small shareholders (200000/ 4450) | 44.94 share |
Closing price of stock as of 2024-04-12 | ₹4,014.05 |
Maximum amount insted in buyback (₹4,014.05 x 44.943820224719104 shares) | ₹180,406.74 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Apr 12, 2024
Expected Profit from the Anand Rathi Wealth Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹180,406.74 | ₹180,406.74 | ₹180,406.74 | ₹180,406.74 |
No. of Shares Buyback | 14 | 22 | 33 | 44 |
Buyback Profit | 6103 | 9590 | 14386 | 19181 |
Profit% | 3.38% | 5.32% | 7.97% | 10.63% |
Anand Rathi Wealth Limited Buyback - Necessity of the Objective
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buyback will help the company to optimize capital structure.
The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of the number of Equity Shares as per their entitlement or 15% of the number of Equity Shares to be bought back whichever is higher, 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 as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
The Buyback may help in improving its earnings per share and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
Anand Rathi Wealth Limited Buyback
Floor No. 10, A Wing, Express Zone,Western Express Highway, Goregaon (E), Mumbai-400 063Email: enquiry@rathi.com
Phone: 022 6281 7000
Website: https://www.anandrathiwealth.in/
Link Intime India Private Ltd
Email: anandrathi.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html