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SIS Limited Buyback Sept 2022


SIS Limited (BSE:540673, NSE:SIS) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for SIS Limited Buyback Sept 2022? The company has announced a buyback price of Rs 550. Buyback Announced on 18-08-2022, the Record Date for the eligible investor is 30-08-2022.

SIS Limited Buyabck Tender process starts from 04-10-2022 and end on 18-10-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 11.57%.

The summary report of SIS Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

SIS Limited Buyback

TitleDetail
Company Name:SIS Limited
Buyback Type:Tender Offer
Total Share Capital:Rs 6,619.16 Cr
Offer Amount:Rs 80 Cr
Offer Size:-
Buyback Number of Shares:14,54,545
Buyback Price:550
Approx Entry Price:450
Promoters In:Y
Buyback Approval Date:18-08-2022
Record Date:30-08-2022
Open Date:04-10-2022
Close Date:18-10-2022
Payment Date:20-10-2022
Record Date Price:452.20
Maximum Retail Quantity:-
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:11 Equity Shares out of every 95 Equity Shares held on the Record Date
Acceptance Ratio Retail %:11.57
Acceptance Ratio General:2 Equity Shares out of every 235 Equity Shares held on the Record Date
Acceptance Ratio General %:0.85%
Final Acceptance Ratio %:11.57%

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FAQs

The Record Date for SIS Limited Buyback offer is 30th Aug 2022

Which means you should hold the SIS Limited share in your demat account by closing session of 30th Aug 2022. Share purchased on and before (30th Aug 2022) - 2 business days will be available in your demat account by 30th Aug 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have SIS Limited shares at ₹450 and buyback offer price is ₹550, you can get ₹100 per accepted share. If you hold 444 shares of SIS Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 147 to 222 shares with the gain from buyback of ₹14700 to ₹22200.

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.

SIS Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%147₹14700
50%222₹22200
75%333₹33300
100%444₹44400

 

Steps to participate in SIS Limited buyback:

  1. On Record date (30th Aug 2022) you must have share of SIS Limited 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.

 

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 SIS Limited: 4th Oct 2022

Buyback closing date for SIS Limited: 18th Oct 2022

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 .

 

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 20th Oct 2022.

 

Buyback opening date for SIS Limited: 4th Oct 2022

Buyback closing date for SIS Limited: 18th Oct 2022

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 .

 


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