SIS Buyback will open for subscription from 12 May 2021. the company aims to raise ₹100 Crores through this buyback issue.
SIS Limited
Incorporated in January 1985, SIS Limited, along with its subsidiaries is engaged in the business of providing private security services, cash logistics services, and facility management services across India. SIS Group is a leading provider of security services both in India and Australia with diverse solutions across the security spectrum that include security design and solutions, fire rescue services, event security, VIP protection, aviation security, emergency response, investigation work, and integrated technology solutions providing man-tech solutions.
The cash logistic services provided by SIS include transportation of banknotes and other valuables, doorstep banking as well as cash processing, ATM-related services, and vault-related services for bullion and cash. The facility management services provided by SIS include janitorial services, disaster restoration and clean-up of damage, deployment of receptionists, lift operators, electricians, and plumbers, and pest and termite control.
Objects of the Issues
- Return surplus cash to the shareholders and enhance overall return to the shareholders.
- Improve Return on Equity to enhance shareholder value in the long term.
- Improve Earnings per equity share and thus thereby enhance return on invested capital.
SIS Buyback Issue Timetable
| Offer Opens On | 12 May 2021 |
| Offer Closes On | 27 May 2021 |
| Record Date | 09 April 2021 |
| Last Date for receipt of Tender Forms | 29 May 2021 |
| Finalisation of Buyback Acceptance | 04 June 2021 |
| Last Date for settlement of bids | 07 June 2021 |
| Last Date for Extinguishment of Shares | 14 June 2021 |
Buyback Details
| Security Name | SIS Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.18 Crores |
| Issue Size (Amount) | ₹100.00 Crores |
| Buyback Price | ₹550 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 9 Equity Shares out of every 91 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 6 Equity Shares out of every 565 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 | 30,407.96 | 25,250.05 | 21,426.48 |
| Profit After Tax | 863.28 | 1,192.61 | 730.11 |
| Net Worth | 7,579.71 | 7,284.10 | 6,064.51 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 435 | 401 | 418.04 |
| Feb-2021 | 465 | 396.05 | 421.39 |
| Jan-2021 | 436 | 376.95 | 411.66 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Mar-2021 | 435.3 | 400.1 | 417.97 |
| Feb-2021 | 459 | 396.05 | 421.05 |
| Jan-2021 | 433.75 | 385 | 411.73 |
Lead Manager
- ICICI securities Limited
SIS 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: sis.buyback@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
SIS Limited
Annapoorna Bhawan,
Telephone Exchange Road, Kurji,
Patna- 800 010
Phone: +91 612 226 6666
Email: shareholders@sisindia.com
Website: https://sisindia.com/
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