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Smartlink Holdings Ltd Buyback 2019 Review

Rated 3.5/5 by Team InvestorGain

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.

What is Smartlink Holdings Ltd Buyback details?

Below is the complete details about Smartlink Holdings Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 47.45 Cr
Buyback Number of Shares: 36.50 lakhs
Buyback Price: Rs 130
Buyback Offer Size (In %): 24.85%
Total Share Capital: Rs 158.91 Cr
Face Value: 2 Per Equity Share

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)

What are Smartlink Holdings Ltd Buyback Important Dates?

In this section we have covered all important 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 gives a clear picture on retail investor holdings of Smartlink Holdings Ltd 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 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 Post Buyback Public Announcement >>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

Post buyback comments Smartlink Holdings Ltd

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%.

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 Cr1200844.55 (-1.33%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245151.90 (-0.07%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500289.75 (0.77%)25-08-2023TBDTBD
Shervani Industrial Syndicate LimitedTender Offer₹6.83Cr510543.60 (1.91%)07-03-202414-03-202420-03-2024
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10580.37 (0.19%)20-03-2024TBDTBD
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003201.80 (-1.15%)26-03-2024TBDTBD

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

Last Updated on 2019-11-20T22:13:39+00:00

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User Reviews

1. sanjay bhawnani Oct 17 2019 11:30:50 AM Reply
Smartlink Holdings Ltd Buyback Closing date extended from 1st Nov 2019 to 4th Nov 2019.