Quick Heal Technologies Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Quick Heal Buyback 2022 description – The company is engaged in the business of providing security software products. The company caters to both domestic and international market, although the domestic market accounts for nearly 95% of its revenues. The company also has a growing international presence, with offices in over 40 countries.

It operates through a large distribution network penetrating the Tier II and Tier III towns where the internet penetration is now increasing. Quick Heal enjoys a 34% market share in the retail segment.

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Quick Heal Buyback 2022 Details

Buyback Dates	4 – 18 October 2022
Quick Heal Buyback Price	INR300 per share
Buyback Offer Size (Shares)	50,00,000 shares
Buyback offer as % of total shares	8.6%
Buyback Offer Size (Amount)	INR150 crore
Offer Type	Tender
Promoter Participation	Yes
Face Value	INR10 per share
Listing At	BSE, NSE

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Quick Heal Buyback Dates (Timeline)

Board Meeting for Buyback Proposal	21 July 2022
Buyback Approval Date	21 July 2022
Public Announcement of Buyback	27 August 2022
Quick Heal Buyback Record Date	14 September 2022
Buyback Opening Date	4 October 2022
Buyback Closing Date	18 October 2022
Cut-off Date to receive completed tender forms by Registrar	18 October 2022
Verification Date by the Registrar	28 October 2022
Return of unaccepted shares by Registrar	31 October 2022
Extinguishment of accepted shares	7 November 2022

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Quick Heal Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback

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Quick Heal Share Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Small Shareholders (less than INR2 Lakh on record date)	10/83	12.05
General category (for all other Eligible Shareholders)	5/61	8.20

Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.

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Quick Heal Technologies’ Financial Performance

	FY2020	FY2021	FY2022
Total Income	314.8	357.5	360.7
Total Expenses	192.6	192.2	239.8
Net income	73.6	106.8	78.2

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Calculation of Investment in Buyback

Maximum market value of a share holder as on record date	INR2,00,000
Quick Heal buyback price	INR300
Maximum shares for small shareholder (2,00,000/300)	667 shares*
Closing price of stock as on 21 July 2022	INR198.85**
Maximum amount invested in buyback (198.85 x 667 shares)	INR1,32,633

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Quick Heal Buyback Profit Guidance

Shares Tendered	Buyback Entitlement	Acceptance	Buyback Profit	Profit in %
667	81	81 (100%)	8,193	6.18
667	81	162 (200%)	16,386	12.35
667	81	243 (300%)	24,579	18.53

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Registrar of Quick Heal Buyback 2022

Link Intime India Private Limited
C 101, 247 Park B S Marg
Vikhroli West, Mumbai – 400 083
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in

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Manager of Quick Heal Buyback 2022

Ambit Private Limited
Ambit House, 449,
Senapati Bapat Marg, Lower
Parel, Mumbai – 400 013
Phone: +91 22 6623 3030
Email: [email protected]
Website: www.ambit.co

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Necessity of the Buyback

• The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
• The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
• The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
• The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.

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Process to Participate in Quick Heal Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

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Frequently Asked Questions