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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.
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
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%.
Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)
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.
| 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 |
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
| 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% |
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%.
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 | 966.40 (-1.91%) | 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 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
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?Last Updated on 2019-06-20T01:32:21+00:00
