SIS Limited Buyback Review

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SIS Limited is a special consumer service company that offers security, facility management, and cash logistics services in India and other geographies in the Asia Pacific region. The company has experience of three decades in providing multiple solutions to drive high customer retention.

SIS Limited is coming up with a buyback of Rs 100 Cr, where it will repurchase 18.18 Lakh fully paid-up shares at Rs 550 per share. These shares represent 1.23% of the total number of fully paid-up equity shares. On the date of the board meeting, the closing price of the company’s share was Rs 425.75 per share, and the buyback price is 22% premium than the current market price.

What is SIS Limited Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 100 Cr
    Buyback Number of Shares: 18.18 Lakhs
    Buyback Price: Rs 550
    Buyback Offer Size (In %): 1.24%
    Total Share Capital: 6,407.1 Cr
    Face Value: 5 Per Equity Share

Can I Invest today to participate in SIS Limited buyback offer? No

What are SIS Limited Buyback Important Dates?

In this section we have covered all important dates related to SIS Limited 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.

    SIS Limited buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 15th Feb 2020
    Buyback Approval date 15th Feb 2020
    Public Announcement of Buyback 15th Feb 2020
    Record Date 9th Apr 2021
    Buyback opens on/Buyback Opening Date 12th May 2021
    Buyback closes on/Buyback Closing Date 27th May 2021
    Cut-off date to receive completed tender forms by Registrar 29th May 2021
    Cut-off date for verification by the Registrar 2nd Jun 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    4th Jun 2021
    Last date of settlement of bids on the stock exchange 7th Jun 2021
    Last date to return unaccepted shares by Registrar 7th Jun 2021
    Last date of extinguishment of Equity Shares 14th Jun 2021

SIS Limited Share Holding Pattern as of Dec 2020

Stock Holding table gives a clear picture on retail investor holdings of SIS Limited 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 12.3%
    Promoter-Indian 73.3%
    Non-Promoter-Institutions 19.0%
    Non-Promoter-Non-Institutions 6.2%

SIS Limited Public Announcement >>Document

SIS Limited Draft Letter of Offer >>Document

SIS Limited Letter of Offer >>Document

SIS Limited 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 391.80 per equity share - in such case Max 510 Equity Shares as of Record Date 9th Apr 2021.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    SIS Limited Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 9 Equity Shares out of every 91 Equity Shares held on the Record Date 9.90%
    General Category 6 Equity Shares out of every 565 Equity Shares held on the Record Date 1.06%

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
Smartlink Holdings LimitedTender OfferRs 31.58 Cr9586.65 (-0.40%)01-03-202130-04-202114-05-2021
SIS LimitedTender OfferRs 100 Cr550374.20 (0.43%)09-04-202112-05-202127-05-2021
Quick HealTender OfferRs 155 Cr245184.10 (0.22%)03-05-2021TBDTBD

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Detail Article on Benefit from buyback offer >> Read

SIS Limited 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 SIS Limited? How can I apply in SIS Limited Buyback offer?

Company Contact Information

SIS Limited
A-28, 29, Okhla Industrial Area, Phase I
New Delhi, 110020, India
Phone: 011-4646-4444
Email: [email protected]

Registrar Contact Information

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Last Updated on 2021-05-06T00:58:47+00:00


Buyback FAQs

  1. 1. What is the record date for SIS Limited buyback offer?

    The Record Date for SIS Limited Buyback offer is 9th Apr 2021

    Which means you should hold the SIS Limited share in your demat account by closing session of 9th Apr 2021. Share purchased on and before (9th Apr 2021) - 2 business days will be available in your demat account by 9th Apr 2021.

     

     

  2. 2. How much I can make with SIS Limited buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have SIS Limited shares at ₹425 and buyback offer price is ₹550, you can get ₹125 per accepted share. If you hold 471 shares of SIS Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 155 to 236 shares with the gain from buyback of ₹19375 to ₹29500.

    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.

    SIS Limited Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%155₹19375
    50%236₹29500
    75%353₹44125
    100%471₹58875

     

     

  3. 3. How to Participate in SIS Limited buyback offer?

    Steps to participate in SIS Limited buyback:

    1. On Record date (9th Apr 2021) you must have share of SIS Limited 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 SIS Limited 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 SIS Limited share for buyback?

    Buyback opening date for SIS Limited: 12th May 2021

    Buyback closing date for SIS Limited: 27th May 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 29th May 2021.

     

     

  6. 6. When I will know how much shares accepted in SIS Limited 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 7th Jun 2021.

     

     

  7. 7. When I need to tender SIS Limited share for buyback?

    Buyback opening date for SIS Limited: 12th May 2021

    Buyback closing date for SIS Limited: 27th May 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 29th May 2021.

     

     

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