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Symphony Limited Buyback (Symphony Buyback) Detail

Symphony, an Indian Multi-National Compan and world's largest manufacturer of air-coolers. The company's product portfolio includes Household Coolers, Comercial Cooler, Large Space Venti-Cooler and Towers Fans. The company has offices in more than 60 countries.

Symphony Limited was started in 1988 in Gujarat, India. It created a new type of evaporative air-cooling in India and took it all over the world.

Symphony Buyback Detail

Issue Period
Security NameSymphony Limited
Issue TypeTender Offer
Issue Size (Shares)1,000,000.00
Issue Size (Amount)₹200.00 Crores
Buyback Price₹2000 per share
Face Value₹2 per share
Listing AtBSE, NSE

Symphony Buyback Issue Timetable

Last Date to buy sharesMar 28, 2023
Record DateMar 29, 2023
Offer Opens On
Last Date for receipt of Tender Forms
Offer Closes On
Finalisation of Buyback Acceptance
Last Date for settlment of bids
Last Date for Extinguishment of Shares

Buyback Ratio

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Company Financials

Symphony Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-201,064.001,157.00182.00
31-Mar-211,220.00931.00107.00
31-Mar-221,367.001,079.00121.00
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 1,174.85 948.00 1,051.97
Jan-2023 1,004.95 900.05 959.76
Dec-2022 950.35 870.00 914.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2023 1,175.00 948.00 1,051.93
Jan-2023 1,006.00 907.20 960.03
Dec-2022 949.00 870.00 914.21

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.
  2. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
  3. The buyback may help in improving return on equity, reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Symphony Buyback Documents

Symphony Buyback Rating

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Company Contact Information

Symphony Limited
“Symphony House”, FP-12,
TP-50, Off S.G. Highway, Bodakdev,
Ahmedabad -380 059,

Phone: +91-79-66211111
Email: info@symphonylimited.com
Website: https://www.symphonylimited.com/

Symphony Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: buybackoffer@bigshareonline.com
    Website: https://www.bigshareonline.com/

Symphony Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Find Symphony Buyback Latest Update

Symphony Buyback FAQs

The Symphony Buyback open and close dates are not available as of now.

Last date to be eligible to participate in buyback is Mar 28, 2023.

The Symphony Buyback is a Tender Offer.

Sorry the Symphony Buyback timelines are not available at this time.

The Symphony Buyback is being offered at Rs ₹2000 per share per equity share.

[.]

The record date for the Symphony Buyback is Mar 29, 2023.

The issue size of Symphony Buyback is of 1,000,000.00 equity shares at ₹2000 per share aggregating upto ₹200.00 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.
  2. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
  3. The buyback may help in improving return on equity, reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

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 Symphony 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. Abrar Cinemawala   I Like It. 2|Report Abuse|  Link|Feb 16, 2023 8:22:53 AMReply
Is one share strategy works here?
5.2. Imran   I Like It. |Report Abuse|  Link|Feb 19, 2023 2:56:49 PM
What is hidden? In your opinion.
Should I buy or not
5.3. harry   I Like It. |Report Abuse|  Link|Mar 25, 2023 2:12:14 PM
one share strategy chalegi ??? koi batao bhai
4. Kousik Chakravarti   I Like It. 1|Report Abuse|  Link|Mar 16, 2023 6:19:37 PMReply
@admin
Please update the page.
RECORD DATE 29/03/23
NO CHANGE IN BUYBACK PRICE
4.10. Kousik Chakravarti   I Like It. 1|Report Abuse|  Link|Mar 18, 2023 3:10:31 PM
@Rahulbajaaj
Lets wait for two low margin buyback to finish first.Vrl closing date 27/03/23 and sportking closing date 29/03/23.We will have a more clear picture then regarding small shareholders participation in buybacks.

@admin
Please open a page for Godawari power & ispat limited buyback through tender route
Total size 250 cr or 50 lakh shares
Buyback price 500/
Record date 31/03/23
4.11. Aman Sharma   I Like It. |Report Abuse|  Link|Mar 19, 2023 2:22:32 PM
Can please help me to know that -
how can I calculate expected acceptance ratio & from where I can get the required data ( no. of retail share holder ) .
or Any platform exist that show expected acceptance ratio.
3. DHARMENDER KUMAR   I Like It. 1|Report Abuse|  Link|Mar 16, 2023 11:30:07 AMReply
record date ka koi expected date hai kya ?
2. Siyaram   I Like It. |Report Abuse|  Link|Mar 14, 2023 9:55:49 PMReply
When will declare record date for buy back of Symphony Limited.
1. Siyaram   I Like It. |Report Abuse|  Link|Mar 14, 2023 9:54:06 PMReply
When will declare record date for buy back of Symphony Limited.