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Quick Heal Buyback 2021

Rated 3/5 by Team InvestorGain

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 Post Buyback Public Announcement >>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%

Post buyback comments Quick Heal

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%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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

Last Updated on 2021-10-06T23:57:53+00:00

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