Quick Heal Technologies Buyback will open for subscription from 31 may 2021. the company aims for an issue size of ₹154.98 Crores through this buyback issue.
Quick Heal Technologies Limited
QHT Limited is one of the leading providers of IT security solutions in India. Quick Heal Technologies offer reliable software products for multiple platforms like Windows PC, laptop, Mac, Windows Server, Android mobile, and Multi-device. It also provides the solution to speed up your PC, data protection security, and network security. The products of Quick Heal are customized to suit a wide range of customers from home users, small offices and home offices (SOHO), small and midsize businesses (SMB), enterprises, educational institutions, government agencies, and departments.
Objects of the Issue
- Return surplus cash to the shareholders and enhance overall return to the shareholders.
- Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.
Buyback Date (Timetable)
| Offer Opens On | May 31, 2021 |
| Offer Closes On | Jun 11, 2021 |
| Record Date | May 3, 2021 |
| Last Date for receipt of Tender Forms | Jun 15, 2021 |
| Finalization of Buyback Acceptance | Jun 21, 2021 |
| Last Date for settlement of bids | Jun 22, 2021 |
| Last Date for Extinguishment of Shares | Jun 29, 2021 |
Quick Heal Technologies Buyback Details
| Security Name | Quick Heal Technologies Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.63 Crores |
| Issue Size (Amount) | ₹154.98 Crores |
| Buyback Price | ₹245 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 37 Equity Shares out of every 303 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 21 fully paid-up Equity Shares held on the Record Date. |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 3,147.45 | 3,454.03 | 3,460.97 |
| Profit After Tax | 736.39 | 839.64 | 788.78 |
| Net Worth | 6,482.13 | 7,948.92 | 7,371.32 |
| Reserves and Surplus | 5,840.10 | 7,243.12 | 6,667.44 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 216 | 152.05 | 183.08 |
| Feb-2021 | 169.95 | 150.1 | 156.11 |
| Jan-2021 | 179.6 | 156 | 167.88 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Mar-2021 | 215.95 | 152 | 183.1 |
| Feb-2021 | 170.1 | 150 | 156.1 |
| Jan-2021 | 179.65 | 155.5 | 167.91 |
Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: quickheal.buyback@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Quick Heal Technologies Limited
Marvel Edge, Office No. 7010 C & D,
7th Floor, Viman Nagar,
Pune – 411 014, India
Phone: +91 (20) 6681 3232
Email: cs@quickheal.co.in
Website: https://www.quickheal.co.in/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing