SIS Limited Buyback (SIS Buyback) Detail

May 12, 2021 - May 27, 2021

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 bank notes 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.

SIS Buyback Details

Issue PeriodMay 12, 2021 - May 27, 2021
Security NameSIS Limited
Issue TypeTender Offer
Issue Size (Shares)0.18 Crores
Issue Size (Amount)₹100.00 Crores
Buyback Price₹550 per share
Face Value₹5 per share
Listing AtBSE, NSE

SIS Buyback Date (Timetable)

Offer Opens OnMay 12, 2021
Offer Closes OnMay 27, 2021
Record DateApr 9, 2021
Last Date for receipt of Tender FormsMay 29, 2021
Finalisation of Buyback AcceptanceJun 4, 2021
Last Date for settlment of bidsJun 7, 2021
Last Date for Extinguishment of SharesJun 14, 2021

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

Summary of financial Information (consolidated)
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

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 to enhance shareholder value in the long term.
iii) Improve Earnings per equity share and thus thereby enhance return on invested capital.

SIS Buyback Documents

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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/

SIS 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: sis.buyback@linkintime.co.in
    Website: http://www.linkintime.co.in

SIS Buyback Manager

Lead Manager(s)

  1. ICICI Securities Limited

Registered Broker

  1. ICICI Securities Limited
    Email:

Find SIS Buyback Latest Update

SIS Buyback FAQs

  1. When is SIS Buyback offer coming?

    The SIS Buyback opens on May 12, 2021, and closes on May 27, 2021.

  2. Which type of buyback is SIS Buyback offer?

    The SIS Buyback is a Tender Offer.

  3. What is the schedule of activities for SIS Buyback?

    SIS Buyback Schedule

    Buyback Opening DateMay 12, 2021
    Buyback Closing DateMay 27, 2021
    Last Date for receipt of Tender FormsMay 29, 2021
    Finalisation of Buyback AcceptanceJun 4, 2021
    Last Date for settlment of bidsJun 7, 2021
    Last Date for Extinguishment of SharesJun 14, 2021
  4. What is the offer price for SIS Buyback offer?

    The SIS Buyback is being offered at Rs ₹550 per share per equity share.

  5. In what ratio is the SIS Buyback offered?

    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.
  6. What is the record date for SIS Buyback offer?

    The record date for the SIS Buyback is Apr 9, 2021.

  7. What is the issue size of SIS Buyback?

    The issue size of SIS Buyback is of 0.18 Crores equity shares at ₹550 per share aggregating upto ₹100.00 Crores.

  8. What is the necessity for SIS Buyback?

    The Buyback aims to :
    i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
    ii) Improve Return on Equity to enhance shareholder value in the long term.
    iii) Improve Earnings per equity share and thus thereby enhance return on invested capital.

  9. Where can I get the Letter of Offer for SIS Buyback?

  10. How to participate in SIS 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 SIS Buyback good or bad?

    The SIS 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.


2 Comments

DEEP NEOGY
2. DEEP NEOGY  May 9, 2021 21:10 I Like It. | Report Abuse Reply
what could be AR in SIS ltd ?
amit K singh
2.1. amit K singh  May 13, 2021 18:12 I Like It. 2 | Report Abuse
Expected AR 25 % to 30 %.
amit K singh
2.2. amit K singh  Jun 4, 2021 13:43 I Like It. 2 | Report Abuse
AR 22.25%
Earthking
1. Earthking  May 14, 2021 07:16 I Like It. | Report Abuse Reply
Why in HDFC sec portal SIS buyback is not seen in dashboard ????








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