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? Yes
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 | Not Yet Announced |
| Record Date | Not Yet Announced |
| Buyback opens on/Buyback Opening Date | Not Yet Announced |
| Buyback closes on/Buyback Closing Date | Not Yet Announced |
| Cut-off date to receive completed tender forms by Registrar | Not Yet Announced |
| Cut-off date for verification by the Registrar | Not Yet Announced |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | Not Yet Announced |
| Last date of settlement of bids on the stock exchange | Not Yet Announced |
| Last date to return unaccepted shares by Registrar | Not Yet Announced |
| Last date of extinguishment of Equity Shares | Not Yet Announced |
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% |
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 |
|---|---|---|---|---|---|---|---|
| Jullundur Motor Agency (Delhi) Limited | Tender Offer | Rs 26.82 Cr | 36 | 35.1 (0.72%) | 24-12-2020 | TBD | TBD | Indian Toners and Developers Limited | Tender Offer | 36.98 Cr | 160 | 125.35 (2.20%) | 15-01-2021 | 04-03-2021 | 18-03-2021 | Gail (India) Limited | Tender Offer | Rs 1046.35 Cr | 150 | 147.35 (3.19%) | 28-01-2021 | 25-02-2021 | 10-03-2021 | Neelamalai Agro Industries Limited | Tender Offer | Rs 4.056 Cr | 1600 | 05-02-2021 | 24-02-2021 | 09-03-2021 | National Aluminium Company Ltd | Tender Offer | Rs 749.10 Cr | 57.50 | 55.30 (5.13%) | 08-02-2021 | 25-02-2021 | 10-03-2021 | Suprajit Engineering Limited | Tender Offer | Rs 48 Cr | 320 | 277.60 (4.34%) | 22-02-2021 | TBD | TBD | NIIT Limited | Tender Offer | Rs 237 Cr | 240 | 196.40 (-1.73%) | 24-02-2021 | TBD | TBD | Smartlink Holdings Limited | Tender Offer | Rs 31.58 Cr | 95 | 92.20 (0.05%) | 01-03-2021 | TBD | TBD | Bharat Rasayan Limited | Tender Offer | 107.49 Cr | 11,500 | 9804.10 (0.36%) | 05-03-2021 | TBD | TBD | SIS Limited | Tender Offer | Rs 100 Cr | 550 | 431.50 (2.59%) | TBD | TBD | TBD |
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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?
Last Updated on 2021-02-16T09:25:43+00:00
The Record Date for SIS Limited Buyback offer has not been announced yet.
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: Not Yet Announced
Buyback closing date for SIS Limited: Not Yet Announced
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 Not Yet Announced.
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 Not Yet Announced.
Buyback opening date for SIS Limited: Not Yet Announced
Buyback closing date for SIS Limited: Not Yet Announced
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 Not Yet Announced.
