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Established in the year 1993, Smartlink Holdings Ltd is India’s one of the leading IT Networking companies. It offers active and passive networking through its 3 subsidiaries, DIGISOL Systems Ltd., Synegra EMS Ltd., and Telesmart SCS Ltd. The company is also an NBFC now.
Smartlink Holdings Ltd Buyback is coming in March 2021, where the company will buy back its shares worth Rs 31.58 Cr through 33.25 shares which represent 17.43% of total paid-up capital. The current market price of a share is Rs 90 and the buyback price is Rs 95 which is 5% higher than the current price. The company has set its record date as March 01, 2021.
Below is the complete details about Smartlink Holdings Limited Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 31.58 Cr |
Buyback Number of Shares: | 33.25 Lakh |
Buyback Price: | Rs 95 |
Buyback Offer Size (In %): | 17.43% |
Total Share Capital: | Rs 119.9 Cr |
Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Smartlink Holdings Limited buyback offer? No
In this section we have covered all important dates related to Smartlink Holdings 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 | 10th Dec 2020 |
Buyback Approval date | 10th Dec 2020 |
Public Announcement of Buyback | 15th Feb 2021 |
Record Date | 1st Mar 2021 |
Buyback opens on/Buyback Opening Date | 30th Apr 2021 |
Buyback closes on/Buyback Closing Date | 14th May 2021 |
Cut-off date to receive completed tender forms by Registrar | 17th May 2021 |
Cut-off date for verification by the Registrar | 19th May 2021 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
21st May 2021 |
Last date of settlement of bids on the stock exchange | 25th May 2021 |
Last date to return unaccepted shares by Registrar | 25th May 2021 |
Last date of extinguishment of Equity Shares | 1st Jun 2021 |
Stock Holding table gives a clear picture on retail investor holdings of Smartlink Holdings 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 | NA |
Promoter-Indian | 74.6% |
Non-Promoter-Institutions | NA |
Non-Promoter-Non-Institutions | 25.4% |
Smartlink Holdings Limited Public Announcement >>Document
Smartlink Holdings Limited Draft Letter of Offer >>Document
Smartlink Holdings Limited Letter of Offer >>Document
Smartlink Holdings Limited Post Buyback Public Announcement >>Document
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 1 Equity Share out of every 4 Equity Shares held on the Record Date | 25% |
General Category | 1 Equity Share out of every 4 Equity Shares held on the Record Date | 25% |
For Smartlink Holdings Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 366.65, No. of Equity Shares reserved in Buyback was 28,26,250 where valid bid received for retail category was 1,03,62,380 which is 366.65 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 46, No. of Equity Shares reserved in Buyback was 4,98,750 where valid bid received for retail category was 2,33,088 which is 46. Final Acceptance Ratio for Retail Investors was 25%.
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 | 819.00 (0.44%) | 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 | 140.55 (0.14%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 277.50 (-1.65%) | 25-08-2023 | TBD | TBD | Dwarikesh Sugar Industries Limited | Tender Offer | ₹31.50Cr | 105 | 69.50 (-5.61%) | 20-03-2024 | 27-03-2024 | 03-04-2024 | Garware Technical Fibres Limited | Tender Offer | ₹199.50Cr | 3800 | 3323.25 (2.01%) | 26-03-2024 | 01-04-2024 | 05-04-2024 | Freshtrop Fruits Limited | Tender Offer | ₹33.69Cr | 175 | 165.15 (0.76%) | 02-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Smartlink Holdings 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 Smartlink Holdings Limited? How can I apply in Smartlink Holdings Limited Buyback offer?Last Updated on 2021-06-27T23:05:26+00:00