30-Jan-2024
2 mins read
Arnold Holdings Limited plans to repurchase its equity shares and to return the surplus cash to its shareholders which will enhance the overall returns of the investors. Arnold Holdings Limited Buyback is a tender offer and the issue size is of 63,00,000 equity shares at a price of Rs 22 per share, amounting up to Rs 13.23 crores. On Thursday, January 25, 2024, the share price of Arnold Holdings closed at Rs 35.08 per share. So, a large difference is visible because repurchase of shares will decrease the supply which led to increase in EPS as well as rise in stock price. The record date for this Buyback is January 25, 2024.
About Arnold Holdings Limited
Arnold Holdings Limited founded in 1981 and engaged in the business of providing non-banking financial services. Company provides services like portfolio advisory, investment in equities and many more. Arnold Holdings business operates in areas like Corporate Finance, Infrastructure Financing, Mortgage, Loans and Capital Market. Moreover, Arnold Holdings provides equity financing to the companies involved in the various sectors. The sectors like Pharmaceutical research, High-end telecom technology product development, media production services, technology enabled CRM, messaging services to the traditional sectors such as textiles, constructions, processed food and many more.
Necessity of the Buyback
As discussed earlier, the Arnold Holdings Limited Buyback 2024 will help the company to return the surplus cash to its shareholders holding equity shares. Moreover, the Buyback will also improve the capital structure of the company by optimizing the Debt-to-Equity Ratio. Other than this repurchase of shares will positively impact other financial ratios like Earning per share and Return on Equity. The Buyback will give an option to its equity shareholders, who can choose to participate and get their shares into cash at the price offered by the company. Other members can enjoy the increase in the percentage holdings, post the buyback without any additional investment.
Financials of Arnold Holdings Limited
In the fiscal years ending March 31, 2022, and March 31, 2023, Arnold Holdings Limited experienced a revenue growth of 38.45% and profit after tax increased by 152.56%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 137.93 | 107 | 58.23 |
| Revenue | 164.61 | 118.9 | 37.48 |
| Profit After Tax | 3.81 | 1.51 | 0.69 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amt in Crores |
Important Details of Arnold Holdings Limited Buyback 2024
| Issue Period | Feb 1 – Feb 7, 2024 |
| Security Name | Arnold Holdings Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,300,000 |
| Issue Size (Amount) | Rs 13.23 Crores |
| Buyback Price | Rs 21 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
Time-Table For Arnold Holdings Limited Buyback 2024
| Issue Period | Feb 1 – Feb 7, 2024 |
| Security Name | Arnold Holdings Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 6,300,000 |
| Issue Size (Amount) | Rs 13.23 Crores |
| Buyback Price | Rs 21 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
The Necessity of the Arnold Holdings Limited Buyback 2024
The Buyback will help the company to return the surplus cash to its shareholders holding equity shares. Moreover, the Buyback will also improve the capital structure of the company by optimizing the Debt-to-Equity Ratio. Other than this repurchase of shares will positively impact other financial ratios like Earning per share and Return on Equity.
Lead managers for Arnold Holdings Limited Buyback 2024
Lead managers of the Arnold Holdings Limited Buyback 2024 have Interactive Financial Services Limited.
How to Apply for Arnold Holdings Limited Buyback 2024
Wait for the buyback to open for subscription, then click on this link to apply for the Arnold Holdings Limited Buyback 2024 with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Arnold Holdings Limited Buyback 2024
The registrar for Arnold Holdings Limited Buyback 2024 is Niche Technologies Private Limited.. Stay tuned with us for the updates.
FAQs
- What is the Arnold Holdings Limited Buyback 2024, and what is its purpose?
The Arnold Holdings Limited Buyback 2024 is a share repurchase program where the company plans to buy back shares from its shareholders. The purpose of this buyback is to return the surplus cash to its shareholders holding equity shares. Moreover it will enhance shareholder value, optimize capital structure and improve earnings per share.
- What are the details of the buyback offer?
It is a tender offer and the issue size is of 63,00,000 equity shares at a price of Rs 22 per share, amounting up to Rs 13.23 crores. On Thursday, January 25, 2024, the share price of Arnold Holdings closed at Rs 35.08 per share.
- When will the Arnold Holdings Limited Buyback 2024 open, and how can I apply?
The exact opening date of the buyback is February 1, 2024. Once it is open, eligible shareholders can apply through the link provided at Bigul: https://www.bonanzaonline.com/.
- How do I check the allotment status of the Arnold Holdings Limited Buyback 2024?
The registrar for the Arnold Holdings Limited Buyback 2024 is Niche Technologies Private Limited.. Updates regarding the allotment status will be provided once the registrar is declared. Shareholders should stay tuned for further information.
- Who can participate in the Arnold Holdings Limited Buyback 2024?
All shareholders of Arnold Holdings Limited holding the company shares on record date January 25, 2024 are eligible to participate in the buyback. This includes both retail and institutional investors.