Anand Rathi Wealth Limited Buyback 2024
- Foundation: Anand Rathi Group was established in 1994 by Mr. Anand Rathi and Mr. Pradeep Kumar Gupta.
- Response to Economic Change: The company was set up following India’s economic liberalization, aiming to convert the era’s financial optimism into tangible results.
- Client-Centric Growth: Since its inception, the group has consistently prioritized client needs, expanding services from setting up a research desk in 1995 to entering the capital market lending space in 2019.
- Service Spectrum: The group’s services include stock broking, wealth management, investment banking, commodities broking, construction finance, and capital market lending.
- Ethical and Entrepreneurial: Anand Rathi Group’s longevity and success are attributed to its focus on ethics, entrepreneurial drive, and innovative spirit.
- Customer Base: Boasts a dedicated client base of over 4 lakh individuals and institutions.
- Trust and Legacy: Continual customer trust and support are considered the group’s most valuable assets, shaping its legacy in the financial sector.
Buy Back Offer Deal:
Buyback Type: | Tender Offer |
Buyback Offer Amount: | ₹ 164.65 |
Date of Board Meeting approving the proposal: | Apr 12 2024 |
Date of Public Announcement: | Apr 12 2024 |
Buyback Offer Size: | 0.88% |
Buyback Number of Shares: | 3,70,000 |
FV: | 5 |
Buyback Price: | ₹ 4450 Per Equity Share |
Details of Buyback:
The proposal to buyback not exceeding 3,70,000 (Three Lakhs Seventy Thousand) equity shares of the Company (representing 0.88% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 4450 (Rupees Four Thousand Four Hundred and Fifty only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 164,65,00,000 crores/- (Rupees One Hundred Sixty Four Crores and Sixty Five Lakhs Only)
Salient financial parameters:
Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
Sales + | 275 | 327 | 260 | 408 | 538 |
Expenses + | 180 | 213 | 185 | 230 | 296 |
Operating Profit | 95 | 114 | 75 | 178 | 242 |
OPM % | 35% | 35% | 29% | 44% | 45% |
Other Income + | 6 | 1 | 2 | 1 | 0 |
Interest | 3 | 3 | 3 | 2 | 4 |
Depreciation | 4 | 16 | 12 | 11 | 12 |
Profit before tax | 94 | 96 | 62 | 166 | 226 |
Tax % | 30% | 26% | 29% | 24% | 26% |
Net Profit + | 65 | 71 | 44 | 125 | 168 |
EPS in Rs | 24.22 | 26.37 | 16.07 | 30.14 | 40.34 |
Dividend Payout % | 0% | 0% | 31% | 36% | 30% |
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Anand Rathi Wealth Limited in Demat or physical form as on the record date [To be updated].
2. Once you have shares in Demat, you can participate in the buyback process which is opening from [To be updated] by selling your shares through your broker on NSE or BSE.
3. Then on [To be updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Profit from the buyback on the bases of acceptance Ratio:
Buy 45 Shares at CPM of Rs. 4050 (2,00,000/4450)
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | 182250 | 182250 | 182250 | 182250 |
No. of Shares Buyback | 15 | 22 | 34 | 45 |
Buyback Profit | 6000 | 8800 | 13600 | 18000 |
Profit% | 3.29% | 4.83% | 7.46% | 9.88% |
19 Comments
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1 share strategy will work here?
Ananta Pharma board meeting on 2nd May to consider buyback
Any tentative Idea for record date of Anand rathi and Sharda motors
Sharda moter buyback price 1800
Thank you Raj Kumar ji for the little peace of information. Any update on the size of the buyback would certainly be of use.
Gopi Ji, Buyback Size 185 Cr i.e. 3.46% of total paid up share capital
Thank you so much,Parikh ji. Seems good.
Buyback at 4450rs worth 165cr via tender offer
Looking good to keep away from at the CMP.
375000 shares
Anandrathi buy back declared ????
Rate 4450
Sold all the holdings of Sharda motor and made handsome gains today.Would’nt have been possible without Tiwari Ji’s early update. Thank you so much.
Why did you sell it ?
it has buyback coming
Thanks
Bought some Sharda motor shares as the fundamentals seem good.Afraid to touch Ananda Rathi before the details are known.
Shada motor buyback is a tender route IPO?
Sharda motors board meeting on 18th. 04 .24 for buyback consideration
Thank you Tiwari ji for the update.Any previous buyback history?