SQS India BFSI Ltd Buyback Jan 2019

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Incorporated in 2013, SQS India BFSI Ltd formerly known as Thinksoft Global Services Limited is engaged in software testing exclusively in the Financial Sector. The company has registered office in Chennai and is part of SQS group. Now SQS Group is rebranding its operation as Expleo - As SQS is now comes under Assystem Technologies group of companies.

SQS Group/Assystem Technologies is world’s leading company is software quality, headquarter in Cologne, Germany. SQS India BFSI Ltd has offices in Chennai, Mumbai and Pune. SQS group have global presence and global client base. SQS Group have offices in Singapore, Sydney, Malaysia, Hong Kong, Austria, France, Portugal, USA, UK, Ireland,  Sweden, Norway, Finland and many more countries.

What is SQS India BFSI Ltd share buyback offer?

SQS India BFSI Ltd Buyback 2019 Latest Update

Jan 5th, 2019: SQS India BFSI Ltd (BSE:533121 | NSE:SQSBFSI) board has approved a proposal for buyback of up to 4.60 lakh shares at Rs 550 per share, aggregating Rs 25.34 Cr (Buyback Offer Size) which is 4.30% of total paid-up equity share capital.

What is SQS India BFSI Ltd Buyback details?

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

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 25.34 Cr
    Buyback Number of Shares: 4.60 lakh
    Buyback Price: Rs 550
    Buyback Offer Size (In %): 4.30%
    Total Share Capital: Rs 538.88 Cr
    Face Value: 10 Per Equity Share

Can I Invest today to participate in SQS India BFSI Ltd buyback offer? No

Review & Recommendation

We recommend "POOR" rating for SQS India BFSI Ltd Buyback as acceptance ratio for the retail investor will be below 10%. We rated SQS India BFSI Ltd Buyback as 2.5/5, as the size of the buyback is not very high and too many holdings in the retail category. The existing investor must have to take this opportunity to book profit, but this buyback is not for the new retail investor.

What are SQS India BFSI Ltd Buyback Important Dates?

In this section we have covered all important dates related to SQS India BFSI 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.

    SQS India BFSI Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 30th Jan 2019
    Buyback Approval date 4th Apr 2019
    Public Announcement of Buyback 4th Apr 2019
    Record Date 12th Apr 2019
    Buyback opens on/Buyback Opening Date 30th May 2019
    Buyback closes on/Buyback Closing Date 13th Jun 2019
    Cut-off date to receive completed tender forms by Registrar 17th Jun 2019
    Cut-off date for verification by the Registrar 21st Jun 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    21st Jun 2019
    Last date of settlement of bids on the stock exchange 24th Jun 2019
    Last date to return unaccepted shares by Registrar 24th Jun 2019
    Last date of extinguishment of Equity Shares 1st Jul 2019

SQS India BFSI Ltd Share Holding Pattern as of Mar 2019

Stock Holding table gives a clear picture on retail investor holdings of SQS India BFSI 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 53.75%
    Non-Promoter-Institutions 0.15%
    Non-Promoter-Non-Institutions 46.25%

SQS India BFSI Ltd Public Announcement >>Document

SQS India BFSI Ltd Draft Letter of Offer >>Document

SQS India BFSI 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 501.90 per equity share - in such case Max 398 Equity Shares as of Record Date 12th Apr 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    SQS India BFSI Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 4 Equity Share out of every 43 fully paid-up Equity Share held on the Record Date. 9.30%
    General Category 4 Equity Share out of every 43 fully paid-up Equity Share held on the Record Date. 9.30%

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

Post buyback comments SQS India BFSI Ltd

    For SQS India BFSI Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 704.11%, No. of Equity Shares reserved in Buyback was 373103 where valid bid received for retail category was 2627074 which is 704.11% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 354.34%, No. of Equity Shares reserved in Buyback was 87793 where valid bid received for retail category was 311089 which is 354.34%. Final Acceptance Ratio for Retail Investors was 10%.

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Detail Article on Benefit from buyback offer >> Read

SQS India BFSI 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 SQS India BFSI Ltd? How can I apply in SQS India BFSI Ltd Buyback offer?

Company Contact Information

SQS India BFSI Ltd
6A, Sixth Floor,
Prince Infocity II, No. 283/3 & 283/4,
Rajiv Gandhi Salai (OMR),
Kandanchavadi, Chennai 600 096
Tamil Nadu

Registrar Contact Information

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building,
No.1, Club House Road,
Chennai 600 002, Tamil Nadu
Email ID: [email protected]
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Last Updated on 2019-06-27T22:07:15+00:00


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