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April 30, 2021 - May 14, 2021

Smartlink Holdings Limited Buyback (Smartlink Holdings Buyback) Detail

Smartlink Holdings Limited (SHL) is an NBFC (Non-Banking financial company) engaged in the business of investment activity. The company invests in mutual funds and other investments.


SHL is also engaged in the business of developing, manufacturing, marketing, distributing, servicing networking products, structured cabling products and also offers a range of products required for various communication purposes that include Switching, Broadband Routing, Wireless LAN and, Surveillance through its subsidiary companies - (i)Digisol Systems Limited; (ii) Synegra EMS Limited; and (iii) Telesmart SCS Limited

Smartlink Holdings Buyback Detail

Issue PeriodApril 30, 2021 - May 14, 2021
Security NameSmartlink Holdings Limited
Issue TypeTender Offer
Issue Size (Shares)3,325,000
Issue Size (Amount)₹31.59 Crores
Buyback Price₹95 per share
Face Value₹2 per share
Listing AtBSE, NSE

Smartlink Holdings Buyback Issue Timetable

Record DateMarch 1, 2021
Offer Opens OnApril 30, 2021
Last Date for receipt of Tender FormsMay 17, 2021
Offer Closes On *May 14, 2021
Finalisation of Buyback AcceptanceMay 21, 2021
Last Date for settlment of bidsMay 25, 2021
Last Date for Extinguishment of SharesJune 1, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 4 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Share out of every 4 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 757.02 1,080.57 984.49
Profit After Tax (142.66) (29.49) (33.08)
Net Worth 1,793.67 2,510.38 3,123.37

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 92.40 83.50 88.41
Jan-2021 92.00 84.30 87.96
Dec-2021 107.45 72.60 90.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 92.60 86.50 88.24
Jan-2021 92.00 84.30 87.96
Dec-2021 107.45 72.60 90.36

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.

Smartlink Holdings Buyback Documents

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Company Contact Information

Smartlink Holdings Limited
L-7, Verna Industrial Estate,
Verna, Salcete,
Goa – 403 722

Phone: (0832) 288 5400
Email: company.secretary@smartlinkholdings.com
Website: https://www.smartlinkholdings.com/

Smartlink Holdings Buyback Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: smartlink.buyback2021@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Smartlink Holdings Buyback Manager

Lead Manager(s)

  1. ICICI Securities Limited

Registered Broker

  1. ICICI Securities Limited
    Email: smartlinksbuyback@icicisecurities.com

Find Smartlink Holdings Buyback Latest Update

Smartlink Holdings Buyback FAQs

The Smartlink Holdings Buyback opens on April 30, 2021, and closes on May 14, 2021.

The Smartlink Holdings Buyback last day to buy is not available as of now.

The Smartlink Holdings Buyback is a Tender Offer.

Smartlink Holdings Buyback Schedule

Buyback Opening DateApril 30, 2021
Buyback Closing DateMay 14, 2021
Last Date for receipt of Tender FormsMay 17, 2021
Finalisation of Buyback AcceptanceMay 21, 2021
Last Date for settlment of bidsMay 25, 2021
Last Date for Extinguishment of SharesJune 1, 2021

The Smartlink Holdings Buyback is being offered at Rs ₹95 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 4 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Share out of every 4 Equity Shares held on the Record Date.

The record date for the Smartlink Holdings Buyback is March 1, 2021.

The issue size of Smartlink Holdings Buyback is of 3,325,000 equity shares at ₹95 per share aggregating upto ₹31.59 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.

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 Smartlink Holdings 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.


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