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
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 | 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% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
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%.
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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
The Record Date for Smartlink Holdings Limited Buyback offer is 1st Mar 2021
Which means you should hold the Smartlink Holdings Limited share in your demat account by closing session of 1st Mar 2021. Share purchased on and before (1st Mar 2021) - 2 business days will be available in your demat account by 1st Mar 2021.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Smartlink Holdings Limited shares at ₹90 and buyback offer price is ₹95, you can get ₹5 per accepted share. If you hold 2222 shares of Smartlink Holdings Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 733 to 1111 shares with the gain from buyback of ₹3665 to ₹5555.
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% | 733 | ₹3665 |
| 50% | 1111 | ₹5555 |
| 75% | 1666 | ₹8330 |
| 100% | 2222 | ₹11110 |
Steps to participate in Smartlink Holdings 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 Smartlink Holdings Limited: 30th Apr 2021
Buyback closing date for Smartlink Holdings Limited: 14th 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 17th 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 25th May 2021.
Buyback opening date for Smartlink Holdings Limited: 30th Apr 2021
Buyback closing date for Smartlink Holdings Limited: 14th 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 17th May 2021.
