Founded in 1993, Abirami Financial Services (India) Limited specializes in the realms of Hire Purchase, Leasing, and Lending Money against Securities, both movable and immovable.
Headquartered in Chennai, Tamil Nadu, Abirami Financial Services extends its comprehensive offerings to a diverse clientele, catering to a wide spectrum of requirements.
The enterprise is steered by the visionary leadership of Mr. K. V. Aiyappan, Mrs. Abiraami Arunachalam, and Mr. Teckchand H. Vaswani. Notably, the company’s equity shares are publicly listed on the BSE.
With a trajectory spanning decades, Abirami Financial Services has achieved numerous milestones, sustaining a steadfast growth trajectory across its financial landscape and holistic operations.
Abirami Financial Services (india) Ltd. Stock Quote #
- Open: ₹25.81
- High – Low: ₹26.56 – ₹25.81
- Previous Close: ₹25.30
- Total Traded Value: 1,027
- Updated On: Aug 10, 2023 4:00 PM
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Abirami Financial Services Buyback 2023 Detail #
Issue Period Mar 14, 2023 – Mar 29, 2023 Security Name Abirami Financial Services (India) Limited Issue Type Tender Offer Issue Size (Shares) 600,000.00 Issue Size (Amount) ₹1.68 Crores Buyback Price ₹28 per share Face Value ₹10 per share Listing At BSE Abirami Financial Services Buyback 2023 Issue Timetable #
Last Date to buy shares Jan 24, 2023 Record Date Jan 27, 2023 Offer Opens On Mar 14, 2023 Last Date for receipt of Tender Forms Mar 30, 2023 Offer Closes On * Mar 29, 2023 Finalisation of Buyback Acceptance Apr 10, 2023 Last Date for settlment of bids Apr 12, 2023 Last Date for Extinguishment of Shares Apr 5, 2023 Buyback Ratio #
Category Entitlement Ratio of Buyback Shares Offered Reserved Category for Small Shareholders 17 Equity Shares out of every 62 Fully paid-up Equity Shares held on the Record Date. 90,000.00 General Category for all other Eligible Shareholders 8 Equity Shares out of every 89 Fully paid-up Equity Shares held on the Record Date. 510,000.00 Company Financials #
Abirami Financial Services (India) Limited Financial Information (Consolidated) Period Ended Total Assets Total Revenue Profit After Tax 31-Mar-20 8.17 0.69 0.16 31-Mar-21 8 0.51 -0.12 31-Mar-22 7.82 0.46 -0.19 Amount in ₹ Crore Stock price at BSE (in preceding 3 months) #
Month High Price Low Price Average Price Feb-2023 23.55 16.30 19.69 Jan-2023 32.01 15.44 23.92 Dec-2022 14.71 7.47 10.71 Necessity of the Issue #
The proposed buy-back is being undertaken, inter-alia for the following reasons:
- The buy-back will help the company to return surplus cash to its shareholders holding equity shares broadly in the proportion of their shareholding, thereby, enhancing the overall return to the shareholders,
- The buy-back may help in improving return on equity due to a reduction in the equity base, thereby leading to a long-term increase in shareholders’ value, and
- The buy-back gives an option to the shareholders holding equity shares of the company, to either choose to participate and get cash-in-lieu of equity shares or choose to not participate and enjoy a resultant increase in their percentage shareholding.
Abirami Financial Services Buyback 2023 Documents #
Company Contact Information #
Abirami Financial Services (India) Limited
Old No. 11, New No. 2,
Parthasarathypuram, 2nd Street, T.Nagar,
Chennai- 600017Phone: +91 44 24356224
Email: info@afslindia.in
Website: https://www.afslindia.in/index.htmlAbirami Financial Services Buyback 2023 Registrar #
- Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – IndiaPhone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Abirami Financial Services Buyback 2023 Manager #
Lead Manager(s)
Registered Broker
- Nikunj Stock Brokers Limited
Email: complianceofficer@nikunjonline.com
