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 .
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.
»» 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
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).
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.
|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|
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 %|
Smartlink Holdings Ltd Letter of Offer >>Document
Smartlink Holdings Ltd 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||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|
For Smartlink Holdings Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 441.73, No. of Equity Shares reserved in Buyback was 3102500 where valid bid received for retail category was 13704755 which is 441.73 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 178.48%, No. of Equity Shares reserved in Buyback was 547500 where valid bid received for retail category was 977176 which is 178.48%. Final Acceptance Ratio for Retail Investors was 60%.
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|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||30.35 (-5.30%)||07-03-2020||TBD||TBD||Just dial Ltd||Tender Offer||Rs 220 Cr||700||379.55 (-1.39%)||03-07-2020||4-8-2020||17-8-2020||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||53.85 (-2.00%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadSmartlink 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?
Last Updated on 2019-11-20T22:13:39+00:00
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.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Smartlink Holdings Ltd 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 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.
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.
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.