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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.
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
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.
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 |
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 Post Buyback Public Announcement >>Document
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% |
For Quick Heal Buyback Offer, Report updated by the manager of buyback -
In general category - response received 155.74%, No. of Equity Shares reserved in Buyback was 5377550 where valid bid received for retail category was 9374791 which is 155.74% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 45.80%, No. of Equity Shares reserved in Buyback was 948980 where valid bid received for retail category was 434680 which is 45.80%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 819.00 (0.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
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?Last Updated on 2021-10-06T23:57:53+00:00