Tender Offer | ₹154.98 Crores | Listed at BSE, NSE | Mon, May 31, 2021 - Fri, Jun 11, 2021
Quick Heal Technologies Ltd. Buyback is a tender offer for the repurchase of up to 0.63 crore equity shares at a buyback price of ₹245 per share with a face value of ₹10 per share, aggregating to ₹154.98 crores.
The record date for determining eligible shareholders is May 3, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on May 31, 2021 and closes on Jun 11, 2021, with the last date for receipt of tender forms being Jun 15, 2021.
The finalisation of buyback acceptance is expected on Jun 21, 2021, followed by settlement of bids on Jun 22, 2021.
Ambit Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Ambit Capital Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Quick Heal Technologies Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, May 31, 2021
Offer Closing Date
Fri, Jun 11, 2021
Buyback Price
₹245 per share
Record Date
May 3, 2021
| 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. |
| 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 |
Quick Heal Technologies 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, to government agencies and departments.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 216.00 | 152.05 | 183.08 |
| Feb-2021 | 169.95 | 150.10 | 156.11 |
| Jan-2021 | 179.60 | 156.00 | 167.88 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 215.95 | 152.00 | 183.10 |
| Feb-2021 | 170.10 | 150.00 | 156.10 |
| Jan-2021 | 179.65 | 155.50 | 167.91 |
The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.
Quick Heal Technologies Ltd.
Marvel Edge, Office No. 7010 C & D,
7th Floor, Viman Nagar,
Pune - 411 014, India
Indi, Karnataka, 411014
Lead Manager(s)
Registered Broker
The Quick Heal Technologies Buyback opens on May 31, 2021, and closes on June 11, 2021.
The Quick Heal Technologies Buyback last day to buy is not available as of now.
The Quick Heal Technologies Buyback is a Tender Offer.
Quick Heal Technologies Buyback Schedule
| Buyback Opening Date | May 31, 2021 |
| Buyback Closing Date | June 11, 2021 |
| Last Date for receipt of Tender Forms | June 15, 2021 |
| Finalisation of Buyback Acceptance | June 21, 2021 |
| Last Date for settlment of bids | June 22, 2021 |
| Last Date for Extinguishment of Shares | June 29, 2021 |
The Quick Heal Technologies Buyback is being offered at Rs ₹245 per share.
| 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. |
The issue size of Quick Heal Technologies Buyback is 63,26,530 equity shares at ₹245 per share aggregating up to ₹154.98 Crores.
The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Quick Heal Technologies Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
