AlA Engineering Limited Buyback 2024
1. Industry Leadership and Global Presence: Founded in 1978, AIA Engineering Ltd. along with its subsidiary, Vega Industries, has grown into a dominant global brand in process optimization solutions for abrasive and impact applications. The company is renowned for its high-quality products and services, catering to a broad international market.
2. Product Portfolio: AIA Engineering specializes in manufacturing high-chrome grinding media, liners, and diaphragms, collectively referred to as mill internals. These products are essential for crushing and grinding operations in the cement, power utility, aggregates, and mining industries. The company’s high-chrome grinding solutions are highly sought after for their durability and performance.
3. Comprehensive Services: Beyond manufacturing, AIA Engineering offers a range of services to support its products, including mill audits, turnkey installation and commissioning projects, stock assessment and management, and performance monitoring. These services help clients optimize their operations and achieve greater efficiency.
4. Strategic Acquisitions: AIA Engineering has strategically expanded its footprint through acquisitions. Notably, the company, through its wholly-owned subsidiary Vega Industries (Middle East) FZC (Vega ME), acquired a 43% stake in VEGA MPS PTY LIMITED, Australia. Additionally, in November 2023, AIA Engineering and Vega ME acquired a 100% stake in Vega Industries Peru Ltd. for approximately USD 99,000, enhancing their presence in the South American market.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 20 2024 |
| Buyback Opening Date: | Aug 26 2024 |
| Buyback Closing Date: | Aug 30 2024 |
| Buyback Offer Amount: | ₹ 500 Cr |
| Date of Board Meeting approving the proposal: | Aug 07 2024 |
| Date of Public Announcement: | Aug 07 2024 |
| Buyback Offer Size: | 1.06% |
| Buyback Number of Shares: | 10,00,000 |
| FV: | 2 |
| Buyback Price: | ₹ 5,000 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Paticulars (in cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 |
| Expenses + | 2,285 | 2,220 | 2,841 | 3,663 | 3,520 |
| Operating Profit | 685 | 661 | 726 | 1,245 | 1,334 |
| OPM % | 23% | 23% | 20% | 25% | 27% |
| Other Income + | 142 | 170 | 156 | 235 | 283 |
| Interest | 10 | 8 | 8 | 25 | 28 |
| Depreciation | 98 | 94 | 92 | 93 | 100 |
| Profit before tax | 719 | 730 | 781 | 1,362 | 1,488 |
| Tax % | 18% | 22% | 21% | 22% | 24% |
| Net Profit + | 590 | 566 | 620 | 1,056 | 1,137 |
| EPS in Rs | 62.59 | 60.02 | 65.7 | 111.95 | 120.39 |
| Dividend Payout % | 43% | 15% | 14% | 14% | 13% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 180000 | 180000 | 180000 | 180000 |
| No. of Shares Buyback | 13 | 20 | 30 | 40 |
| Buyback Profit | 6500 | 10000 | 15000 | 20000 |
| Profit% | 3.61% | 5.56% | 8.33% | 11.11% |
40 Comments
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Received contract note from my broker AR is 23 out of 30 Much higher than expected.
How are you, Tarun Davda sir ? Yes, a reasonably good Buyback. 12/15 in my case.
All 1 share guys will be accepted.
On the record date , no. of small shareholder (less then rs. 2,00,000 ) is only 1,15,951
And the quota for small shareholder is 1,50,000 so 1 share will be gone 100%
That is not how it works. First all shareholders get their entitled shares. Only if there is any surplus left, will the single lot guys get anything. Suppose 15k retail shareholders held 40 shares each and are entitled to 10 shares each and 1 lakh retail shareholders held 1 share each. Then , if all 15k shareholders entitled to 10 shares each submit their shares, all the retail shares will be allocated between them and none of the retail guys will get a single share.
In practice, all 1 share bids may be accepted, but that is definitely not guarranteed.
* none of the retail guys with 1 share will have any shares accepted.
Understood , thankyou soo much for correcting me !!
Where can i find more info on how these corporate actions like buyback , OFS work. How IPO allotment work.
Any book , website, youtube video you recommend ?
Please avoid quarrel on this..Our learned member Trinity ji may be talking about the theoretical or text book aspect of the process. When it comes to the factual side abstenance of the Promoters/ major share holders from participation make a huge difference in ER as well as AR.
ER Retail
1 out of 4 ( 26.90% )
ER general
1 out of 111 ( 0.9% )
What will be AR. Around 75-100%?.
Can anybody guess.
ER-26.90%
Congratulations and cheers to all the retail participants. Quality matters a lot.
I wonder why AIA Engineering is so volatile.It went upto 4949/ or so yesterday and down to 4467/ today a few minutes before. Has anyone got any idea.
Due to relatively poor quarterly number and profit booking . Nomura has downgraded it’s rating .
Results effect
Consolidatd net profit ddclined 4.6% for jun qrtr. The stock crashed today. I should ve sold this yesterday when it was at its ath.
Please don’t worry, Vedant ji, the result of a quarter may not matter for more than a week or so.This is a quality stock .Please be patient.
Ok Sir
Congratulations and cheers to all the retail participants. Quality matters a lot.
Thanks Gopi ji, I held onto it partially.ERs really good. Hoping for a better AR .
.ERs really good*
Technocrafts industries buyback meeting on 13th August.
AiA engeneering buyback announced
Price – 5000rs.
Size : 500cr
Shares 10,00,000 –
Good for 1 share.
Aap kis kisme participate kare ho
Sabke size small hi hai jisse ki 1 oct se pehle close kar de
Planning to invest in these stocks for buyback
1. Indus tower ( invested )
2. Chaman lal setia ( missed 230 price ) lets wait sometime for 235-243
3. AiA eng. only few
4. Symphony only few ( low ER )
5. TTK prestige good one .
6. Waiting for VLS finance tomorrow.
*AIA ENGINEERING:* CO APPROVED BUYBACK OF SHARES AT 5000 RUPEES PER SHARE VIA TENDER OFFER ROUTE
board meeting time please
Mayur Uniquoters Ltd Company board meeting on 8th Aug 2024 to consider buyback
Thanks patelji for the heads up…
Symphony Ltd Company board meeting on 6th Aug 2024 to consider buyback
Symphony buyback
Price – 2500rs
Size : 71.40cr
Shares : 2,85,600.
Chaman Lal Setia Exports Ltd board meeting on 6th Aug 2024 to consider buyback
Mohsin bhai, please update on the buyback amount for companies mentioned above. Thanks in advance 🙂
Sure.
Chamanlal buyback.
Price – 300rs
Size : 60.23cr
Shares : 20,07,930.
Dose anyone know expected price?
DHANUKA AGRITECH LIMITED to consider BUYBACK on 02/08/2024 !!
TTK PRESYIGE Limited to consider Buyback ON 02.08.2024..!!
Navneet Education Limited to consider Buyback 01.08.2024..!!
Thanks for the heads up