Quick Heal Buyback 2021

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Incorporated in 1995, Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is one of the leading IT security solutions company. The company is focused in network security solutions and have a strong R&D team. The company offer customized solution to suit consumers, small businesses, Government establishments and corporate houses.

Quick Heal is coming up with a buyback of shares worth Rs 155 Cr by re-purchasing 63.26 lakhs fully paid-up shares which represent 9.85% of total capital. Quick Heal buyback price is Rs 245 which is 22.5% higher than the closing share price of the date of announcement of the buyback.

What is Quick Heal Buyback details?

Below is the complete details about Quick Heal Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 155 Cr
    Buyback Number of Shares: 63.26 Lakhs
    Buyback Price: Rs 245
    Buyback Offer Size (In %): 9.85%
    Total Share Capital: 1280.9 Cr
    Face Value: 10 Per Equity Share

Can I Invest today to participate in Quick Heal buyback offer? No

What are Quick Heal Buyback Important Dates?

In this section we have covered all important dates related to Quick Heal Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    Quick Heal buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 10th Mar 2021
    Buyback Approval date 10th Mar 2021
    Public Announcement of Buyback 10th Mar 2021
    Record Date 3rd May 2021
    Buyback opens on/Buyback Opening Date 31st May 2021
    Buyback closes on/Buyback Closing Date 11th Jun 2021
    Cut-off date to receive completed tender forms by Registrar 15th Jun 2021
    Cut-off date for verification by the Registrar 21st Jun 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    21st Jun 2021
    Last date of settlement of bids on the stock exchange 22nd Jun 2021
    Last date to return unaccepted shares by Registrar 22nd Jun 2021
    Last date of extinguishment of Equity Shares 29th Jun 2021

Quick Heal Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of Quick Heal shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 72.83%
    Non-Promoter-Institutions 0.04%
    Non-Promoter-Non-Institutions 27.13%

Quick Heal Draft Letter of Offer >>Document

Quick Heal Letter of Offer >>Document

Quick Heal Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 184.40 per equity share - in such case Max 1084 Equity Shares as of Record Date 3rd May 2021.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Quick Heal Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 37 Equity Shares out of every 303 fully paid-up Equity Shares held on the Record Date 12.21
    General Category 2 Equity Shares out of every 21 fully paid-up Equity Shares held on the Record Date 9.53%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Welspun India LtdTender OfferRs 200 Cr12093.45 (1.14%)26-05-202122-06-202105-07-2021

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Detail Article on Benefit from buyback offer >> Read

Quick Heal Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Quick Heal? How can I apply in Quick Heal Buyback offer?

Company Contact Information

Quick Heal Technologies Ltd,
Solitaire Business Hub,
Office No. 7010 C & D,
7th Floor, Viman Nagar,
Pune, MH-411014

Registrar Contact Information

Linkintime
C 101, 247 Park,
L.B.S. Marg,
Vikhroli (West),
Mumbai, MH-400083
Request call back from

Last Updated on 2021-05-18T09:24:06+00:00


Buyback FAQs

  1. 1. What is the record date for Quick Heal buyback offer?

    The Record Date for Quick Heal Buyback offer is 3rd May 2021

    Which means you should hold the Quick Heal share in your demat account by closing session of 3rd May 2021. Share purchased on and before (3rd May 2021) - 2 business days will be available in your demat account by 3rd May 2021.

     

     

  2. 2. How much I can make with Quick Heal buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Quick Heal shares at ₹200 and buyback offer price is ₹245, you can get ₹45 per accepted share. If you hold 1000 shares of Quick Heal 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 ₹14850 to ₹22500.

    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.

    Quick Heal Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%330₹14850
    50%500₹22500
    75%750₹33750
    100%1000₹45000

     

     

  3. 3. How to Participate in Quick Heal buyback offer?

    Steps to participate in Quick Heal buyback:

    1. On Record date (3rd May 2021) you must have share of Quick Heal in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Quick Heal share are eligible for 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.

     

     

  5. 5. When I need to tender Quick Heal share for buyback?

    Buyback opening date for Quick Heal: 31st May 2021

    Buyback closing date for Quick Heal: 11th Jun 2021

    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 15th Jun 2021.

     

     

  6. 6. When I will know how much shares accepted in Quick Heal buyback offer?

    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 22nd Jun 2021.

     

     

  7. 7. When I need to tender Quick Heal share for buyback?

    Buyback opening date for Quick Heal: 31st May 2021

    Buyback closing date for Quick Heal: 11th Jun 2021

    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 15th Jun 2021.

     

     

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