Last updated on December 14, 2023
SIS Buyback 2023 description – SIS is one of the leading security solution-providing companies in India and the Asia Pacific regions. The company offers services to Governments, business organizations, and end consumers.
The company’s range of services includes rendering security and related services consisting of manned guarding, training, and indirectly engaged in paramedic and emergency response services; loss prevention, asset protection, and mobile patrols; facility management services consisting of cleaning, housekeeping, and pest control management services in the areas of facility management; cash logistics services consisting of cash-in-transit, ATM cash replenishment activities and secure transportation of precious items and bullion; and alarm monitoring and response services consisting of trading and installation of electronic security devices and systems through its subsidiaries, joint ventures and associates.
As of 31 March 2023, SIS Limited has over 2,83,322 employees, 70,917 customer sites, and over 21,471 customers served across India. The company’s clientele comes from the Asia-Pacific (APAC) region, encompassing India, Australia, New Zealand, and Singapore.
SIS Share Buyback 2023 Details
| SIS Buyback Dates | 18 – 22 December 2023 |
| SIS Buyback Price | INR 550 per share |
| Market Price on Buyback Approval | INR 486.40 per share |
| Buyback Premium on Market Price | 13.08% |
| Buyback Offer Size (Shares) | 16,36,363 shares |
| Buyback Offer Size (Amount) | INR 90 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 5 per share |
| Listing At | BSE, NSE |
SIS Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 November 2023 |
| Buyback Approval Date | 30 November 2023 |
| Public Announcement of Buyback | 4 December 2023 |
| SIS Buyback Record Date | 12 December 2023 |
| Buyback Opening Date | 18 December 2023 |
| Buyback Closing Date | 22 December 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 22 December 2023 |
| Verification Date by the Registrar | 28 December 2023 |
| Return of unaccepted shares by Registrar | 1 January 2024 |
| Extinguishment of accepted shares | 10 January 2024 |
SIS Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
SIS Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 13/97 | 13.40 |
| General category (for all other Eligible Shareholders) | 2/207 | 0.97 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
SIS Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 9,127.30 | 10,059.08 | 11,345.78 |
| Total Expenses | 8,846.80 | 9,770.50 | 11,103.83 |
| Net income | 367.21 | 325.93 | 346.50 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 550 |
| Maximum shares for small shareholder (2,00,000/550) | 364 shares * |
| Closing price of stock as of 30 September 2023 | INR 486.40** |
| Maximum amount invested in buyback (INR 486.40 x 364 shares) | INR 1,77,049.6 |
** For simplicity, we have considered price on buyback approval date
SIS Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 364 | 49 | 49 (100%) | 3,116.4 | 1.76 |
| 364 | 49 | 98 (200%) | 6,232.8 | 3.52 |
| 364 | 49 | 147 (300%) | 9,349.2 | 5.28 |
Registrar of SIS Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of SIS Buyback 2023
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone:Â +912242022500
Email:Â [email protected]
Website:Â www.damcapital.in
Process to Participate in SIS 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 stockbroker. 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
What are SIS buyback dates?
SIS share buyback opens on 18 December 2023 and closes on 22 December 2023.
Which type of buyback is SIS buyback offer?
SIS buyback is a tender offer.
What is SIS buyback price?
SIS buyback price is INR 550 per share.
What is SIS buyback record date?
SIS buyback record date is 12 December 2023.
How to participate in SIS share buyback?
SIS share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
