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.
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
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.
| 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 |
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
For Buy back shares holders are divided in 2 categories:
| 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.
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 |
|---|---|---|---|---|---|---|---|
| Smartlink Holdings Limited | Tender Offer | Rs 31.58 Cr | 95 | 86.65 (-0.40%) | 01-03-2021 | 30-04-2021 | 14-05-2021 | SIS Limited | Tender Offer | Rs 100 Cr | 550 | 374.20 (0.43%) | 09-04-2021 | 12-05-2021 | 27-05-2021 | Quick Heal | Tender Offer | Rs 155 Cr | 245 | 184.10 (0.22%) | 03-05-2021 | TBD | TBD |
Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.
We can help you choose the right broker. Contact us today...
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?
Last Updated on 2021-05-06T00:58:47+00:00
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.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 155 | ₹19375 |
| 50% | 236 | ₹29500 |
| 75% | 353 | ₹44125 |
| 100% | 471 | ₹58875 |
Steps to participate in SIS Limited 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.
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.
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.
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.
