Tender Offer | ₹80.00 Crores | Listed at BSE | Tue, Oct 4, 2022 - Tue, Oct 18, 2022
SIS Ltd. Buyback is a tender offer for the repurchase of up to 0.15 crore equity shares at a buyback price of ₹550 per share with a face value of ₹5 per share, aggregating to ₹80.00 crores.
The record date for determining eligible shareholders is Aug 30, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Oct 4, 2022 and closes on Oct 18, 2022, with the last date for receipt of tender forms being Oct 27, 2022.
The finalisation of buyback acceptance is expected on Oct 28, 2022, followed by settlement of bids on Oct 31, 2022.
Edelweiss Financial Services Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Edelweiss 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
Tue, Oct 4, 2022
Offer Closing Date
Tue, Oct 18, 2022
Buyback Price
₹550 per share
Record Date
August 30, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date. |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 9605.1 | 367.21 | 1830.76 | 1756.61 |
| 31-Mar-22 | 10111.75 | 325.93 | 2071.25 | 1997.74 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 477.00 | 438.25 | 452.71 |
| Jun-2022 | 485.00 | 435.15 | 455.06 |
| May-2022 | 510.20 | 451.00 | 480.75 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 480.60 | 435.50 | 452.79 |
| Jun-2022 | 485.00 | 434.90 | 455.38 |
| May-2022 | 510.85 | 451.00 | 481.12 |
The Buyback is being undertaken for the following reasons:
SIS Ltd.
Annapoorna Bhawan,
Telephone Exchange Road,
Kurji, Patna- 800 010
Patna, Bihar, 800010
Lead Manager(s)
Registered Broker
The SIS Limited Buyback opens on October 4, 2022, and closes on October 18, 2022.
The SIS Limited Buyback last day to buy is not available as of now.
The SIS Limited Buyback is a Tender Offer.
SIS Limited Buyback Schedule
| Buyback Opening Date | October 4, 2022 |
| Buyback Closing Date | October 18, 2022 |
| Last Date for receipt of Tender Forms | October 27, 2022 |
| Finalisation of Buyback Acceptance | October 28, 2022 |
| Last Date for settlment of bids | October 31, 2022 |
| Last Date for Extinguishment of Shares | November 7, 2022 |
The SIS Limited Buyback is being offered at Rs ₹550 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 11 Equity Share out of every 95 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 235 Fully paid-up Equity Shares held on the Record Date. |
The issue size of SIS Limited Buyback is 14,54,545 equity shares at ₹550 per share aggregating up to ₹80.00 Crores.
The Buyback is being undertaken for the following reasons:
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 Limited 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.
