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FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Avonmore Capital & Management Services Limited is Non-Banking Financial Institution and Sub-Broker Advisory Firm. Avonmore Capital engages in NBFC activities and offers broker advisory services. Avonmore Capital & Management Services Limited was formerly known as Almondz Global Securities Limited.
| Issue Period | July 4, 2022 - July 15, 2022 |
| Security Name | Avonmore Capital & Management Services Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 917,680 |
| Issue Size (Amount) | ₹8.72 Crores |
| Buyback Price | ₹95 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | June 15, 2022 |
| Offer Opens On | July 4, 2022 |
| Last Date for receipt of Tender Forms | July 18, 2022 |
| Offer Closes On * | July 15, 2022 |
| Finalisation of Buyback Acceptance | July 22, 2022 |
| Last Date for settlment of bids | July 25, 2022 |
| Last Date for Extinguishment of Shares | August 1, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Lakh) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 8,719.44 | 7,201.70 | 7,218.71 |
| Profit After Tax | 4,045.02 | 2,977.74 | 1,805.27 |
| Net Worth | 28,425.92 | 24,346.62 | 21,264.59 |
| Reserve and Surplus | 18,133.11 | 14,866.17 | 12,604.68 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2021 | 52.85 | 40.20 | 46.82 |
| Dec-2021 | 77.80 | 48.00 | 67.54 |
| Jan-2022 | 84.90 | 62.00 | 68.97 |
The buyback is being undertaken for the following reasons:
1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.
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Avonmore Capital & Management Services Limited
F-33/3,
Okhla Industrial Area,
Phase II, New Delhi 110020
Phone: 011-26385056
Email: info@avonmorecapital.com
Website: http://www.avonmorecapital.in/index.html
Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi - 110062
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Lead Manager(s)
Registered Broker
The Avonmore Capital Buyback opens on July 4, 2022, and closes on July 15, 2022.
The Avonmore Capital Buyback last day to buy is not available as of now.
The Avonmore Capital Buyback is a Tender Offer.
Avonmore Capital Buyback Schedule
| Buyback Opening Date | July 4, 2022 |
| Buyback Closing Date | July 15, 2022 |
| Last Date for receipt of Tender Forms | July 18, 2022 |
| Finalisation of Buyback Acceptance | July 22, 2022 |
| Last Date for settlment of bids | July 25, 2022 |
| Last Date for Extinguishment of Shares | August 1, 2022 |
The Avonmore Capital Buyback is being offered at Rs ₹95 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 36 Equity Share out of every 361 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 147 Fully paid-up Equity Shares held on the Record Date. |
The record date for the Avonmore Capital Buyback is June 15, 2022.
The issue size of Avonmore Capital Buyback is of 917,680 equity shares at ₹95 per share aggregating upto ₹8.72 Crores.
The buyback is being undertaken for the following reasons:
1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.
2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Avonmore Capital Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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