Avonmore Capital Buyback 2022 announced on 30 May 2022. The Avonmore Capital buyback to start from 04 July 2022 and closes on 15 July 2022. The Company will do Buyback with equity of 9,17,680 Equity Shares around 3.78% of Face Value ₹10/ Each Fully paid off at a Price Of ₹95/- Per Equity. The size of this Buyback is about ₹8.72 Crores. And this will be done through a Buyback Tender Offer.
Avonmore Capital & Management Services is engaged in the business of financial Activity. The company business of a Non-Banking Financial Institution without accepting public deposits and presently, the company is involved in NBFC activities and sub-broker advisory services. r the financial years ended March 31,2022, 2021 and 2020, the Company recorded total revenue of ₹ 415.26 Lakh, ₹ 321.35 Lakh and ₹ 257.20 Lakh respectively and Profit after tax of ₹ 137.76 Lakh, ₹ 46.73 Lakh and ₹ 65.22 Lakh.
| Read also:- Share Buyback List 2022 |
Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholder.
- The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders‟ value.
- Optimizes the Capital Structure.
Avonmore Capital Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 15 June |
| Buyback Offer Amount | ₹8.72 Cr |
| Date of Board Meeting approving the proposal | 29 May 2022 |
| Date of Public Announcement | 30 May 2022 |
| Buyback Offer Size | 3.78% |
| Buyback Number of Shares | 9,17,680 |
| Listing | BSE |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹95 per share. |
Avonmore Capital Buyback 2022 Dates :
We have covered all important dates related to “Avonmore Capital Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 29 May 2022 |
| Buyback Approval date | 29 May 2022 |
| Public Announcement Date | 20 May 2022 |
| Buyback Record Date | 15 June 2022 |
| Buyback Opening Date | 04 July 2022 |
| Buyback Closing Date | 15 July 2022 |
Avonmore Capital Limited Financial Report (in lakh) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹8,719.44 | ₹6,243.89 | ₹4,045.02 |
| 2021 | ₹7,201.7 | ₹5,668.52 | ₹2,977.74 |
| 2020 | ₹7,218.71 | ₹6,091.65 | ₹1,805.27 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Beetal Financial & Computer Services Pvt. Ltd.
Beetal House, 3rd Floor, 99 Madangir,
Behind Local Shopping Centre,
Near Dada Harsukh Das Mandir, New Delhi- 110062
Tel.: +91 11-29961281-83, 26051061,26051064
Mobile No.: 09810276579
Fax No.: +91 11- 29961284
Email: [email protected]
Investors Grievance e-mail – [email protected]
Website: www.beetalfinancial.com
Manager of The Buyback :
Corporate Capital Ventures Private Limited
Regd. Off.: B-1/E-13, First Floor,
Mohan Cooperative Ind. Estate,
N. Delhi- 110044
Tel No.: 011-41824066
E-mail: [email protected]
Website: www.ccvindia.com
Company Address :
Avonmore Capital & Management Services Limited
F-33/3, Okhla Industrial Area,
Phase II, New Delhi 110020
Phone: 011-26385056
Email: [email protected]
Website: http://www.avonmorecapital.in/
How to Participate in Avonmore Capital Ltd buyback?
The Investors are eligible for the buyback scheme who have Avonmore Capital shares in their Demat account as the Record date is 15 June 2022 as the offer is Tender Offer. Investors can participate in the Avonmore Capital Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Avonmore Capital buyback scheme.
How to apply for Avonmore Capital buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Avonmore Capital and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Avonmore Capital buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Avonmore Capital Buyback in the search option.
- You can see Avonmore Capital buyback result in search option tap on the Avonmore Capital buyback.
- You will reach the Avonmore Capital buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Avonmore Capital buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Avonmore Capital stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
| Read also:- Rights issue 2022 |
Avonmore Capital Buyback 2022 FAQs:
When is Avonmore Capital Buyback Announcement Date?
Avonmore Capital buyback 2022 announcement date is 29 May 2022.
When is Avonmore Capital Buyback Open Date?
Avonmore Capital buyback Open date is 04 July 2022.
When is Avonmore Capital Buyback Close Date?
Avonmore Capital buyback Close date is 15 July 2022
When is Avonmore Capital Buyback Record Date?
Avonmore Capital buyback 2022 Record date is 15 June 2022 as the offer is Tender Offer.
What is Avonmore Capital Buyback Price?
Avonmore Capital company has fixed the price at ₹95 per share.
What is Avonmore Capital Buyback Offer Size?
Avonmore Capital company Buyback Offer Size is ₹8.72 Cr.
How to apply for Avonmore Capital Buyback 2022?
As per the record date you need to have Avonmore Capital shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.