Tender Offer | ₹100.00 Crores | Listed at BSE, NSE | Wed, May 12, 2021 - Thu, May 27, 2021
SIS Ltd. Buyback is a tender offer for the repurchase of up to 0.18 crore equity shares at a buyback price of ₹550 per share with a face value of ₹5 per share, aggregating to ₹100.00 crores.
The record date for determining eligible shareholders is Apr 9, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on May 12, 2021 and closes on May 27, 2021, with the last date for receipt of tender forms being May 29, 2021.
The finalisation of buyback acceptance is expected on Jun 4, 2021, followed by settlement of bids on Jun 7, 2021.
ICICI Securities Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and ICICI Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the SIS Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, May 12, 2021
Offer Closing Date
Thu, May 27, 2021
Buyback Price
₹550 per share
Record Date
April 9, 2021
| 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. |
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 435.00 | 401.00 | 418.04 |
| Feb-2021 | 465.00 | 396.05 | 421.39 |
| Jan-2021 | 436.00 | 376.95 | 411.66 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 435.30 | 400.10 | 417.97 |
| Feb-2021 | 459.00 | 396.05 | 421.05 |
| Jan-2021 | 433.75 | 385.00 | 411.73 |
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 Ltd.
Annapoorna Bhawan,
Telephone Exchange Road, Kurji,
Patna- 800 010
Patna, Bihar, 800010
The SIS Buyback opens on May 12, 2021, and closes on May 27, 2021.
The SIS Buyback last day to buy is not available as of now.
The SIS Buyback is a Tender Offer.
SIS Buyback Schedule
| Buyback Opening Date | May 12, 2021 |
| Buyback Closing Date | May 27, 2021 |
| Last Date for receipt of Tender Forms | May 29, 2021 |
| Finalisation of Buyback Acceptance | June 4, 2021 |
| Last Date for settlment of bids | June 7, 2021 |
| Last Date for Extinguishment of Shares | June 14, 2021 |
The SIS Buyback is being offered at Rs ₹550 per share.
| 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. |
The issue size of SIS Buyback is 18,18,181 equity shares at ₹550 per share aggregating up to ₹100.00 Crores.
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.
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 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.
