Smartlink Holdings Buyback will open for subscription from 30 April 2021. the company aims for an issue size of ₹31.59 Crores through this buyback issue.
Smartlink Holdings Limited
SHL is an NBFC (Non-Banking financial company) engaged in the business of investment activity. The company invests in mutual funds and other investments. SHL is also engaged in the business of developing, manufacturing, marketing, distributing, servicing networking products, structured cabling products and also offers a range of products required for various communication purposes that include Switching, Broadband Routing, Wireless LAN and, Surveillance through its subsidiary companies – (i)Digisol Systems Limited; (ii) Synegra EMS Limited; and (iii) Telesmart SCS Limited.
Objects of the issue
- 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.
Smartlink Holdings Buyback Issue Timetable
| Offer Opens On | 30 April 2021 |
| Offer Closes On | 14 May 2021 |
| Record Date | 01 Mar 2021 |
| Last Date for receipt of Tender Forms | 17 May 2021 |
| Finalisation of Buyback Acceptance | 21 May 2021 |
| Last Date for settlment of bids | 25 May 2021 |
| Last Date for Extinguishment of Shares | 01 June 2021 |
Smartlink Holdings Buyback Detail
| Security Name | Smartlink Holdings Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.33 Crores |
| Issue Size (Amount) | ₹31.59 Crores |
| Buyback Price | ₹95 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Share out of every 4 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 4 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 | 757.02 | 1,080.57 | 984.49 |
| Profit After Tax | (142.66) | (29.49) | (33.08) |
| Net Worth | 1,793.67 | 2,510.38 | 3,123.37 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2021 | 92.4 | 83.5 | 88.41 |
| Jan-2021 | 92 | 84.3 | 87.96 |
| Dec-2021 | 107.45 | 72.6 | 90.36 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Feb-2021 | 92.6 | 86.5 | 88.24 |
| Jan-2021 | 92 | 84.3 | 87.96 |
| Dec-2021 | 107.45 | 72.6 | 90.36 |
Smartlink Holdings Buyback Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: smartlink.buyback2021@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Smartlink Holdings Limited
L-7, Verna Industrial Estate,
Verna, Salcete,
Goa – 403 722
Phone: (0832) 288 5400
Email: company.secretary@smartlinkholdings.com
Website: https://www.smartlinkholdings.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