Tender Offer | ₹31.59 Crores | Listed at BSE, NSE | Fri, Apr 30, 2021 - Fri, May 14, 2021
Smartlink Holdings Ltd. Buyback is a tender offer for the repurchase of up to 0.33 crore equity shares at a buyback price of ₹95 per share with a face value of ₹2 per share, aggregating to ₹31.59 crores.
The record date for determining eligible shareholders is Mar 1, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Apr 30, 2021 and closes on May 14, 2021, with the last date for receipt of tender forms being May 17, 2021.
The finalisation of buyback acceptance is expected on May 21, 2021, followed by settlement of bids on May 25, 2021.
ICICI Securities Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and ICICI Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Smartlink Holdings Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Apr 30, 2021
Offer Closing Date
Fri, May 14, 2021
Buyback Price
₹95 per share
Record Date
March 1, 2021
| 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. |
| 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 |
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
| 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 |
| 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 |
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 Ltd.
L-7, Verna Industrial Estate,
Verna, Salcete,
Goa – 403 722
Lead Manager(s)
Registered Broker
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 Date | April 30, 2021 |
| Buyback Closing Date | May 14, 2021 |
| Last Date for receipt of Tender Forms | May 17, 2021 |
| Finalisation of Buyback Acceptance | May 21, 2021 |
| Last Date for settlment of bids | May 25, 2021 |
| Last Date for Extinguishment of Shares | June 1, 2021 |
The Smartlink Holdings Buyback is being offered at Rs ₹95 per 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 issue size of Smartlink Holdings Buyback is 33,25,000 equity shares at ₹95 per share aggregating up to ₹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.
