Last updated on September 27, 2022
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.
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|
|Face Value||INR10 per share|
|Listing At||BSE, NSE|
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|
Quick Heal Buyback 2022 Documents
Quick Heal Share Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders |
(less than INR2 Lakh on record date)
|General category |
(for all other Eligible Shareholders)
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Quick Heal Technologies’ Financial Performance
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|
** For simplicity, we have considered price on buyback approval date
Quick Heal Buyback Profit Guidance
|Shares Tendered||Buyback Entitlement||Acceptance||Buyback Profit||Profit in %|
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]
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]
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.
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.
Frequently Asked Questions
When does Quick Heal share buyback offer open?
Quick Heal share buyback opens on 4 October 2022 and closes on 18 October 2022.
Which type of buyback is Quick Heal buyback offer?
Quick Heal buyback is a tender offer.
What is the Quick Heal buyback price?
Quick Heal buyback price is INR300 per share.
What is the Quick Heal buyback record date?
Quick Heal buyback record date is 14 September 2022.