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October 4, 2022 - October 18, 2022

SIS Limited Buyback (SIS Limited Buyback) Detail

SIS Limited offers security, facility management and cash logistics services. The company provides Security services in India and Australia, Electronic Security Solutions, Alarm, Monitoring and Response services, ATM replenishment solutions, currency management, Cash Pick-Up and Delivery, Precious Cargo, Bullion Management and Vaulting, Automated systems and world-class technology, On-Site and Off-Site Cashiers and Cleaning and repair related services.

Facility Operation & Management segment has 28 branches, 600+ customers and 18000+ employees. Cash Logistics segment has 8,800+ employees, 54+ vaults and 2300+ cash vans.

SIS Limited Buyback Detail

Issue PeriodOctober 4, 2022 - October 18, 2022
Security NameSIS Limited
Issue TypeTender Offer
Issue Size (Shares)1,454,545
Issue Size (Amount)₹80.00 Crores
Buyback Price₹550 per share
Face Value₹5 per share
Listing AtBSE

SIS Limited Buyback Issue Timetable

Record DateAugust 30, 2022
Offer Opens OnOctober 4, 2022
Last Date for receipt of Tender FormsOctober 27, 2022
Offer Closes On *October 18, 2022
Finalisation of Buyback AcceptanceOctober 28, 2022
Last Date for settlment of bidsOctober 31, 2022
Last Date for Extinguishment of SharesNovember 7, 2022

Buyback Ratio

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.

Company Financials

SIS Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-219605.1367.211830.761756.61
31-Mar-2210111.75325.932071.251997.74
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

SIS Limited Buyback Documents

SIS Limited Buyback Rating

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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 Limited 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: https://linkintime.co.in/initial_offer/public-issues.html

SIS Limited Buyback Manager

Lead Manager(s)

  1. Edelweiss Financial Services Ltd

Registered Broker

  1. Edelweiss Securities Limited
    Email: instops@edelweissfin.com

Find SIS Limited Buyback Latest Update

SIS Limited Buyback FAQs

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 DateOctober 4, 2022
Buyback Closing DateOctober 18, 2022
Last Date for receipt of Tender FormsOctober 27, 2022
Finalisation of Buyback AcceptanceOctober 28, 2022
Last Date for settlment of bidsOctober 31, 2022
Last Date for Extinguishment of SharesNovember 7, 2022

The SIS Limited Buyback is being offered at Rs ₹550 per share per equity 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 record date for the SIS Limited Buyback is August 30, 2022.

The issue size of SIS Limited Buyback is of 1,454,545 equity shares at ₹550 per share aggregating upto ₹80.00 Crores.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  3. The Buyback may lead to a reduction in outstanding Equity Shares, improvement in earnings per equity share, and enhanced return on equity.

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.


5 Comments

5. Scrip     Link|October 28, 2022 8:29:55 PM
Got the amount credited into my bank account. Had 200 shares and tendered all of them and 84 was accepted which translates into AR of 42%.
That's huge.
4. Paresh Pandit     Link|September 30, 2022 9:35:56 AM
Think not to go for it company wont buy back the share..
3. Girish Tiwari     Link|September 24, 2022 8:03:36 PM
Opens on 4th oct 22 to 18 oct 22
11.2% entitlement ratio
2. P S S     Link|August 23, 2022 4:11:26 PM
I have purchased today 400 share @ 448.2 for buy back.
2.2. Deepbave     Link|September 23, 2022 5:28:49 AM
No use. Company will not buy back your all shares.
2.3. Ayush Jindal     Link|September 23, 2022 8:21:52 AM
In recent past buyback which company bought all shares?
1. Vipin Agarwal     Link|August 19, 2022 10:22:44 PM
@Chittogarh team

Buyback of ACC shares is from

Date of Opening of the Offer - Friday, August 26, 2022
Date of Closing of the Offer - Friday, September 9, 2022
Last date for payment of consideration to public shareholders who have tendered their Equity Shares - Friday, September 23, 2022

Here is the LOF

https://linkintime.co.in/website/GoGreen/2022/Update/ACC_Limited/ACC_LOF.pdf

Please update the table accordingly

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