Open Market Through Stock Exchange | ₹75.00 Crores | Listing at BSE, NSE | Fri, May 20, 2022 - Tue, Aug 16, 2022
SMC Global Securities Ltd Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹115 per share with a face value of ₹2 per share, aggregating to ₹75.00 crores.
The buyback opens on May 20, 2022 and closes on Aug 16, 2022.
Corporate Professionals Capital Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Globe Capital Market Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the SMC Global Securities Ltd Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, May 20, 2022
Offer Closing Date
Tue, Aug 16, 2022
Buyback Price
₹115 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 1,12,082.08 | 90,820.11 | 78,413.45 |
| Profit After Tax | 17,456.85 | 10,501.53 | 2,386.17 |
| Net Worth | 92,610.38 | 77,270.90 | 68,141.91 |
Incorporated in 1994, SMC Global Securities Limited offers financial services in India. The company is offering services across brokerage, distribution, investment banking and wealth management.
SMC Global provides a wide range of services such as Broking, Insurance, Mutual Fund Investment, Advisory services, Fixed Deposits, Portfolio Management, NPS services, Loan Against Securities, Business Loans, IPO Financing, Real Estate Advisory, etc.
SMC Global has a presence in India as well as internationally through offices in Dubai. They have a presence in 500+ cities and 2,500 registered sub-brokers and authorized personalities across India and UAE.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 86.80 | 77.75 | 82.13 |
| Mar-2022 | 82.30 | 69.05 | 75.71 |
| Feb-2022 | 89.00 | 68.55 | 77.98 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 86.40 | 73.85 | 82.48 |
| Mar-2022 | 82.00 | 69.80 | 75.45 |
| Feb-2022 | 88.65 | 70.05 | 79.71 |
The buyback aims to utilize the net proceeds towards the following objectives:
SMC Global Securities Ltd
11/6B,
Shanti Chamber Pusa Road,
New Delhi – 110005
New Delhi, New Delhi, 110005
Lead Manager(s)
Registered Broker
The SMC Global Securities Buyback opens on May 20, 2022, and closes on August 16, 2022.
The SMC Global Securities Buyback is a Open Market Through Stock Exchange.
SMC Global Securities Buyback Schedule
| Buyback Opening Date | May 20, 2022 |
| Buyback Closing Date | August 16, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The SMC Global Securities Buyback is being offered at Rs ₹115 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The SMC Global Securities Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹75.00 Crores with pricing of Rs. ₹115 per share.
The buyback aims to utilize the net proceeds towards the following objectives:
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The SMC Global Securities 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.
