Quick Heal Technologies Ltd Buyback Mar 2019

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What is the Quick Heal Technologies Ltd share buyback offer?

Mar 5th, 2019: Quick Heal Technologies Ltd (BSE:539678| NSE:QUICKHEAL) board has approved a proposal for buyback of up to 63.63 lakh shares at Rs 275 per share, aggregating Rs 175 Cr (Buyback Offer Size) which is 9.02% of total paid-up equity share capital.

What is Quick Heal Technologies Ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 175 Cr
    Buyback Number of Shares: 63.63 lakhs
    Buyback Price: Rs 275
    Buyback Offer Size (In %): 9.02%
    Total Share Capital: Rs 1581.81 Cr
    Face Value: 10 Per Equity Share

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

Review & Recommendation

We recommend Average ranking for Quick Heal technologies buyback as acceptance ratio is going to between 15 to 20% and actual acceptance ratio is going to be between 40 to 50%.

Rating

Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)

What are Quick Heal Technologies Ltd Buyback Important Dates?

In this section we have covered all important dates related to Quick Heal Technologies Ltd 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 Technologies Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 5th Mar 2019
    Buyback Approval date 5th Mar 2019
    Public Announcement of Buyback 5th Mar 2019
    Record Date 26th Apr 2019
    Buyback opens on/Buyback Opening Date 20th May 2019
    Buyback closes on/Buyback Closing Date 31st May 2019
    Cut-off date to receive completed tender forms by Registrar 4th Jun 2019
    Cut-off date for verification by the Registrar 11th Jun 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    11th Jun 2019
    Last date of settlement of bids on the stock exchange 12th Jun 2019
    Last date to return unaccepted shares by Registrar 12th Jun 2019
    Last date of extinguishment of Equity Shares 19th Jun 2019

Quick Heal Technologies Ltd Share Holding Pattern as of Dec 2018

Stock Holding table gives a clear picture on retail investor holdings of Quick Heal Technologies Ltd 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 72.33%
    Non-Promoter-Institutions 2.88%
    Non-Promoter-Non-Institutions 24.79%

Quick Heal Technologies Ltd Draft Letter of Offer >>Document

Quick Heal Technologies Ltd Letter of Offer >>Document

Quick Heal Technologies Ltd Post Buyback Public Announcement >>Document

Quick Heal Technologies Ltd 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 218.75 per equity share - in such case Max 914 Equity Shares as of Record Date 26th Apr 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Quick Heal Technologies Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 20 Equity Share out of every 121 fully paid-up Equity Share held on the Record Date. 16.52
    General Category 45 Equity Share out of every 539 fully paid-up Equity Share held on the Record Date 8.34%

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

Post buyback comments Quick Heal Technologies Ltd

    For Quick Heal Technologies Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 228.46%, No. of Equity Shares reserved in Buyback was 5409090 where valid bid received for retail category was 12357785 which is 228.46% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 338.59%, No. of Equity Shares reserved in Buyback was 954546 where valid bid received for retail category was 3231988 which is 338.59%. Final Acceptance Ratio for Retail Investors was 28.6%.

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Detail Article on Benefit from buyback offer >> Read

Quick Heal Technologies Ltd 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 Technologies Ltd? How can I apply in Quick Heal Technologies Ltd Buyback offer?

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Last Updated on 2019-06-20T01:32:21+00:00


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User Comments

avatar
2. Mukul Sharma  5/14/2019 9:28:08 AM Reply
Why Quickheal is going down before buyback? I have bought @231, now its 185. What to do, I am holding 500 shares. Please, advice shell I exit 50% of my holding or wait for buyback?
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1. Vinay Jain  4/20/2019 10:29:54 AM Reply
As per analysts, the estimated entitlement ratio would be 36% to 40%. The real acceptance ratio go around 55 to 60%. The retail Investor can go for Quick Heal Technologies Ltd buyback between price range 225-230.
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3.1. Sachin D  5/9/2019 9:10:16 PM
As per the letter of offer acceptance ratio for a retail investor is 16.52%, so it can go maximum 30 to 40%.
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3.2. Rajeev  5/10/2019 11:40:21 AM
Shell, I tender all my holdings of Quick heal or just 50% of my holdings. Please confirm ASAP.
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3.3. CA Sachin  5/10/2019 11:42:04 AM
Go ahead and tender all your holdings, as I am assuming this will go above 50%. As all retail holder never tender thr shares.






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