Smartlink Holdings Ltd Buyback 2019 Review

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Incorporated in 1993, Smartlink Holdings Ltd formerly know as Smartlink Network Systems Ltd. is a leading networking company. The company also moved to NBFC business. The company has 3 main business subsidiaries - DIGISOL SYSTEMS LTD, SYNEGRA EMS LTD and TELESMART SCS LTD .

Smartlink Buyback 2019 Latest Update

July 14th, 2019:Smartlink Holdings Ltd (BSE:532419 | NSE:SMARTLINK) board has approved a proposal for purchase of up to 36.50 lakh(Thirty Six Lakhs and Fifty Thousand) shares at Rs 130 (One Hundred Thirty) per share, aggregating Rs 47.45 Cr (Buyback Offer Size) that is 24.85% of total paid equity share capital.

Smartlink Holdings Ltd Buyback Offer Details

      »»   Total Share Capital: Rs 158.91 Cr
      »»   Face Value: 2 Per Equity Share
      »»   Buyback Offer Amount: Rs 47.45 Cr
      »»   Buyback Offer Size (In %): 24.85%
      »»   Buyback Number of Shares: 36.50 lakhs
      »»   Buyback Price: Rs 130
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in Smartlink Holdings Ltd buyback offer :No

Review & Recommendation

We advocate honest for Smartlink buyback as official acceptance ratio for the retail investors are going to be between 15 to 30% and actual acceptance ration is going to be between 30% to 50%. We tend to rate Smartlink buyback as 3.5/5 (Average).

Making a resonable amount of profit is possible in Smartlink buyback for a new retail investor. With referance to current market price buyback price is up by 50% (Approx).

Rating

  • Poor (<10% AR)
  • Fair (Bw 11 to 30% AR)
  • Average (Bw 30 to 60% AR)
  • Good (Bw 60 to 90% AR)
  • Excellent (>90% AR)

Smartlink Holdings Ltd Buyback Important Dates

In this section we have covered all imporatant dates related to Smartlink Holdings Ltd 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 Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 14th Jul 2019
    Buyback Approval date 14th Jul 2019
    Public Announcement of Buyback 14th Jul 2019
    Record Date 13th Aug 2019
    Buyback opens on/Buyback Opening Date 18th Oct 2019
    Buyback closes on/Buyback Closing Date 4th Nov 2019
    Cut-off date to receive completed tender forms by Registrar 4th Nov 2019
    Cut-off date for verification by the Registrar 8th Nov 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    11th Nov 2019
    Last date of settlement of bids on the stock exchange 13th Nov 2019
    Last date to return unaccepted shares by Registrar 13th Nov 2019
    Last date of extinguishment of Equity Shares 22nd Nov 2019

Smartlink Holdings Ltd Share Holding Pattern as of June 2019

Stock Holding table will give you a clear picture, how many retail investor holding Smartlink Holdings Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 74.37%
    Non-Promoter-Institutions 0.0%
    Non-Promoter-Non-Institutions 25.63

Smartlink Holdings Ltd Letter of Offer >>Document

Smartlink Holdings Ltd 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 90.20 per equity share - in such case Max 2217 Equity Shares as of Record Date 13th Aug 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Smartlink Holdings Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 5 Equity Share out of every 23 fully paid-up Equity Share held on the Record Date. 21.75
    General Category 23 Equity Share out of every 107 fully paid-up Equity Share held on the Record Date. 21.50

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

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
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.85 (2.64%)15-07-2019TBDTBD
NIIT LtdTender OfferRs 335 Cr125102.05 (-1.73%)18-10-201925-11-20196-12-2019
Kaveri Seed Company LtdTender OfferRs 196 Cr700544.40 (1.99%)22-11-2019TBDTBD
MOIL Ltd Tender OfferRs 308.27 cr152141.70 (0.04%)27-11-2019TBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10069.15 (-0.93%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr150145.35 (0.28%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Smartlink Holdings Ltd 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 Ltd ? How can I apply in Smartlink Holdings Ltd Buyback offer?

Company Contact Information

Smartlink Holdings Ltd
L-7, Verna Industrial Estate,
Verna, Salcete,
Goa - 403722
Website: http://www.smartlink.co.in

Registrar Contact Information

Karvy Fintech Pvt. Ltd.
Plot No. 17-24,
Vittal Rao Nagar, Madhapur,
Hyderabad - 500081
Telangana
Website: http://www.karvyfintech.com
Request call back from

Last Updated on 2019-10-16T23:59:36+00:00

FAQs

  1. What is the record date for Smartlink Holdings Ltd buyback offer?

    The Record Date for Smartlink Holdings Ltd Buyback offer is 13th Aug 2019

    Which means you should hold the Smartlink Holdings Ltd share in your demat account by closing session of 13th Aug 2019. Share purchased on and before (13th Aug 2019) - 2 business days will be available in your demat account by 13th Aug 2019.

    Discuss this question

  2. How much I can make with Smartlink Holdings Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Smartlink Holdings Ltd shares at ₹90 and buyback offer price is ₹130, you can get ₹40 per accepted share. If you hold 2222 shares of Smartlink Holdings Ltd 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 ₹29320 to ₹44440.

    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.

    Smartlink Holdings Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%733₹29320
    50%1111₹44440
    75%1666₹66640
    100%2222₹88880

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  3. How to Participate in Smartlink Holdings Ltd buyback offer?

    Steps to participate in Smartlink Holdings Ltd buyback:

    1. On Record date (13th Aug 2019) you must have share of Smartlink Holdings Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

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  4. How many Smartlink Holdings Ltd share are eligible for 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.

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  5. When I need to tender Smartlink Holdings Ltd share for buyback?

    Buyback opening date for Smartlink Holdings Ltd : 18th Oct 2019

    Buyback closing date for Smartlink Holdings Ltd : 4th Nov 2019

    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 4th Nov 2019.

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  6. When I will know how much shares accepted in Smartlink Holdings Ltd buyback offer?

    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 13th Nov 2019.

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  7. How and when will I get money for accepted shares of Smartlink Holdings Ltd buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 13th Nov 2019, which is last date of settlement of bids on the Stock Exchange.

    In case of physical share holding, you will get a cheque.

    Discuss this question

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User Comments

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1. sanjay bhawnani  Oct 17, 2019 10:30:50 AM IST Reply
Smartlink Holdings Ltd Buyback Closing date extended from 1st Nov 2019 to 4th Nov 2019.

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