Quick Heal Technologies Limited Buyback (Quick Heal Technologies Buyback) Detail

May 31, 2021 - Jun 11, 2021

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.

Quick Heal Technologies Buyback Details

Issue PeriodMay 31, 2021 - Jun 11, 2021
Security NameQuick Heal Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)0.63 Crores
Issue Size (Amount)₹154.98 Crores
Buyback Price₹245 per share
Face Value₹10 per share
Listing AtBSE, NSE

Quick Heal Technologies Buyback Date (Timetable)

Offer Opens OnMay 31, 2021
Offer Closes OnJun 11, 2021
Record DateMay 3, 2021
Last Date for receipt of Tender FormsJun 15, 2021
Finalisation of Buyback AcceptanceJun 21, 2021
Last Date for settlment of bidsJun 22, 2021
Last Date for Extinguishment of SharesJun 29, 2021

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

Summary of financial Information (standalone)
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

Necessity of the Issue

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 Buyback Documents

Quick Heal Technologies Buyback Rating

3
4.0
Rating:Rated 4.0 stars

Vote Here ...

Quick Heal Technologies Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

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/

Quick Heal Technologies Buyback Registrar

  1. Link Intime India Private Ltd
       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

Quick Heal Technologies Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Find Quick Heal Technologies Buyback Latest Update

Quick Heal Technologies Buyback FAQs

  1. When is Quick Heal Technologies Buyback offer coming?

    The Quick Heal Technologies Buyback opens on May 31, 2021, and closes on Jun 11, 2021.

  2. Which type of buyback is Quick Heal Technologies Buyback offer?

    The Quick Heal Technologies Buyback is a Tender Offer.

  3. What is the schedule of activities for Quick Heal Technologies Buyback?

    Quick Heal Technologies Buyback Schedule

    Buyback Opening DateMay 31, 2021
    Buyback Closing DateJun 11, 2021
    Last Date for receipt of Tender FormsJun 15, 2021
    Finalisation of Buyback AcceptanceJun 21, 2021
    Last Date for settlment of bidsJun 22, 2021
    Last Date for Extinguishment of SharesJun 29, 2021
  4. What is the offer price for Quick Heal Technologies Buyback offer?

    The Quick Heal Technologies Buyback is being offered at Rs ₹245 per share per equity share.

  5. In what ratio is the Quick Heal Technologies Buyback offered?

    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.
  6. What is the record date for Quick Heal Technologies Buyback offer?

    The record date for the Quick Heal Technologies Buyback is May 3, 2021.

  7. What is the issue size of Quick Heal Technologies Buyback?

    The issue size of Quick Heal Technologies Buyback is of 0.63 Crores equity shares at ₹245 per share aggregating upto ₹154.98 Crores.

  8. What is the necessity for Quick Heal Technologies Buyback?

    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.

  9. Where can I get the Letter of Offer for Quick Heal Technologies Buyback?

  10. How to participate in Quick Heal Technologies Buyback?

    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.

  11. Is Quick Heal Technologies Buyback good or bad?

    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.


Comments

Add a public comment...








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App