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Smartlink Holdings Limited Buyback Review

Rated 3/5 by Team InvestorGain

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.

What is Smartlink Holdings Limited Buyback details?

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

What are Smartlink Holdings Limited Buyback Important Dates?

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.

Smartlink Holdings Limited buyback offer important dates
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

Smartlink Holdings Limited Share Holding Pattern as of Dec 2020

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

Smartlink Holdings 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 90 per equity share - in such case Max 2,222 Equity Shares as of Record Date 1st Mar 2021.
  • General category for all Shareholders other than Small Shareholders ("General Category")

Smartlink Holdings Limited Ratio of Buy Back

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%

Post buyback comments Smartlink Holdings Limited

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%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

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?

Company Contact Information

Smartlink Holdings Limited
L-7, Verna Industrial Estate, Verna, Salcete,
Goa, 403722 India
Phone: 0832 288 5400
Email: [email protected]

Registrar Contact Information

KFin Technologies Pvt. Ltd
Selenium, Tower B, Plot No-31 and 32, Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareddi - 500 032, Telangana, India
Tel.: +91 40 6716 222
Email:[email protected]
Website:www.kfintech.com

Last Updated on 2021-06-27T23:05:26+00:00

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