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Quick Heal Technologies Ltd (BSE:539678, NSE:QUICKHEAL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Quick Heal Buyback 2022? The company has announced a buyback price of Rs 300. Buyback Announced on 21-07-2022, the Record Date for the eligible investor is 14-09-2022.
Quick Heal Technologies Ltd Buyabck Tender process starts from 04-10-2022 and end on 18-10-2022.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 12.05%.
The summary report of Quick Heal Technologies Ltd buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | Quick Heal Technologies Ltd |
Buyback Type: | Tender Offer |
Total Share Capital: | - |
Offer Amount: | Rs 150 Cr |
Offer Size: | 8.6% |
Buyback Number of Shares: | 50 Lakhs |
Buyback Price: | 300 |
Approx Entry Price: | 200 |
Promoters In: | Y |
Buyback Approval Date: | 21-07-2022 |
Record Date: | 14-09-2022 |
Open Date: | 04-10-2022 |
Close Date: | 18-10-2022 |
Payment Date: | 31-10-2022 |
Record Date Price: | 205.70 |
Maximum Retail Quantity: | 972 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | Letter of Offer |
Acceptance Ratio Retail: | 10 Equity Share out of every 83 fully paid-up Equity Share held on the Record Date. |
Acceptance Ratio Retail %: | 12.05 |
Acceptance Ratio General: | 5 Equity Share out of every 61 fully paid-up Equity Share held on the Record Date. |
Acceptance Ratio General %: | 8.20% |
Final Acceptance Ratio %: | 12.05% |
The Record Date for Quick Heal Technologies Ltd Buyback offer is 14th Sep 2022
Which means you should hold the Quick Heal Technologies Ltd share in your demat account by closing session of 14th Sep 2022. Share purchased on and before (14th Sep 2022) - 2 business days will be available in your demat account by 14th Sep 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Quick Heal Technologies Ltd shares at ₹200 and buyback offer price is ₹300, you can get ₹100 per accepted share. If you hold 1000 shares of Quick Heal Technologies Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 330 to 500 shares with the gain from buyback of ₹33000 to ₹50000.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 330 | ₹33000 |
50% | 500 | ₹50000 |
75% | 750 | ₹75000 |
100% | 1000 | ₹100000 |
Steps to participate in Quick Heal Technologies Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Quick Heal Technologies Ltd: 4th Oct 2022
Buyback closing date for Quick Heal Technologies Ltd: 18th Oct 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 31st Oct 2022.
Buyback opening date for Quick Heal Technologies Ltd: 4th Oct 2022
Buyback closing date for Quick Heal Technologies Ltd: 18th Oct 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .