AIA Engineering of ₹500 crores approved by the board of directors at the meeting was held on August 7, 2024. AIA Engineering will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹5000 per Equity Share and for an aggregate amount not exceeding ₹500 crores from the shareholders. Check out AIA Engineering Buyback 2024 details below:
AIA Engineering Ltd. was founded in 1978. It has grown into a global pioneer in process optimization solutions for abrasive and impact applications. As a leading productivity partner for the cement, mining, and quarry sectors, the companies use their significant experience to create innovative products and complete solutions. Their objective is to be the leading global provider of their key products. The company hopes to strengthen customer enterprises by committing to process improvement, cost reduction, and increased productivity while upholding strong ethical governance and environmental, health, and safety performance standards.
AIA Engineering History
- N/A
AIA Engineering Buyback 2024 Dates
| Buyback Meeting Date: | August 7, 2024 |
| Buyback Announcement Date: | August 7, 2024 |
| Buyback Record Date: | August 20, 2024 |
| Last Date to Buy Shares: | August 19, 2024 |
| Buyback Open Date: | August 26, 2024 |
| Buyback Close Date: | August 30, 2024 |
| Finalization of Buyback Acceptance: | September 5, 2024 |
AIA Engineering Buyback 2024 Offer Details
AIA Engineering of 1,000,000 equity shares at a price of ₹5000 per equity share. The buyback offers not to exceed ₹500 crores of the total buyback offer size.
| Offer Amount: | ₹500 Crores |
| Number of Shares: | 1,000,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹5000 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
AIA Engineering Buyback 2024 Acceptance Ratio
The investor should buy around 40 shares at a current market price of ₹4463 (as of date). The calculation will be ₹2,00,000 / ₹5000 buyback price = 40 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹180000 | 13 | ₹6500 |
| 50% | ₹180000 | 20 | ₹10000 |
| 75% | ₹180000 | 30 | ₹15000 |
| 100% | ₹180000 | 40 | ₹20000 |
AIA Engineering Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹3,351.26 | ₹2,598.81 | ₹584.51 |
| 2023 | ₹4,367.50 | ₹3,100.42 | ₹968.83 |
| 2024 | ₹4,572.39 | ₹3,107.78 | ₹1,129.45 |
How to Participate in AIA Engineering Buyback 2024
The investors are eligible for the buyback scheme who have AIA Engineering shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the AIA Engineering Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the AIA Engineeringepted shares by the company under the AIA Engineering scheme.
AIA Engineering Buyback 2024 Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
AIA Engineering Buyback 2024 Lead Managers
- Vivro Financial Services Private Limited
AIA Engineering Company Address
AIA Engineering Limited
115, G.V.M.M. Estate,
Odhav Road, Odhav,
Ahmedabad – 382415.
Phone: +91-79-22901078
Email: [email protected]
Website: http://www.aiaengineering.com/
How to Apply the AIA Engineering through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “AIA Engineering”. Click on Place Order. Enter your Quantity and submit AIA Engineering Application Form.
How to Apply the AIA Engineering through Upstox?
Log in to Upstox Application with your credentials. Select the AIA Engineering. You will see the Company Name “AIA Engineering”. Click on AIA Engineering Stock for Buyback. Enter your Quantity and submit AIA Engineering Application Form.
How to Apply the AIA Engineering through AIA Engineering Paytm Money?
Log in to Paytm Money Application with your credentials. Select the AIA Engineering. Enter your Quantity and submit AIA Engineering Application Form.
