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October 4, 2022 - October 18, 2022

Quick Heal Technologies Limited Buyback (Quick Heal Technologies Buyback 2022) Detail

Quick Heal Technologies Limited is one of the leading providers of IT security solutions in India.

Quick Heal Technologies offer reliable software products for multiple platforms like Windows PC, laptop, Mac, Windows Server, Android mobile, and Multi-device. It also provides the solution to speed up your PC, data protection security, and network security. The products of Quick Heal are customized to suit a wide range of customers from home users, small offices and home offices (SOHO), small and midsize businesses (SMB), enterprises, educational institutions, to government agencies and departments.

Quick Heal Technologies Buyback 2022 Detail

Issue PeriodOctober 4, 2022 - October 18, 2022
Security NameQuick Heal Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)5,000,000
Issue Size (Amount)₹150.00 Crores
Buyback Price₹300 per share
Face Value₹10 per share
Listing AtBSE, NSE

Quick Heal Technologies Buyback 2022 Issue Timetable

Record DateSeptember 14, 2022
Offer Opens OnOctober 4, 2022
Last Date for receipt of Tender FormsOctober 18, 2022
Offer Closes On *October 18, 2022
Finalisation of Buyback AcceptanceOctober 28, 2022
Last Date for settlment of bidsOctober 31, 2022
Last Date for Extinguishment of SharesNovember 7, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 10 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 5 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Quick Heal Technologies Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20317.7374.41644.07579.86
31-Mar-21357.2106.97751.48687.27
31-Mar-22361.183.19627.63569.62
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 218.25 153.00 182.14
Jun-2022 178.25 143.95 160.63
May-2022 194.00 161.75 175.92

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 218.00 152.85 182.06
Jun-2022 174.90 141.00 160.74
May-2022 186.60 160.60 175.80

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value

Quick Heal Technologies Buyback 2022 Documents

Quick Heal Technologies Buyback 2022 Rating

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Company Contact Information

Quick Heal Technologies Limited
Marvel Edge, Office No. 7010 C & D,
7th Floor, Viman Nagar,
Pune - 411 014, India

Phone: +91 (20) 6681 3232
Email: cs@quickheal.co.in
Website: https://www.quickheal.co.in/

Quick Heal Technologies Buyback 2022 Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: quickheal.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Quick Heal Technologies Buyback 2022 Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

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

Find Quick Heal Technologies Buyback 2022 Latest Update

Quick Heal Technologies Buyback 2022 FAQs

The Quick Heal Technologies Buyback 2022 opens on October 4, 2022, and closes on October 18, 2022.

The Quick Heal Technologies Buyback 2022 last day to buy is not available as of now.

The Quick Heal Technologies Buyback 2022 is a Tender Offer.

Quick Heal Technologies Buyback 2022 Schedule

Buyback Opening DateOctober 4, 2022
Buyback Closing DateOctober 18, 2022
Last Date for receipt of Tender FormsOctober 18, 2022
Finalisation of Buyback AcceptanceOctober 28, 2022
Last Date for settlment of bidsOctober 31, 2022
Last Date for Extinguishment of SharesNovember 7, 2022

The Quick Heal Technologies Buyback 2022 is being offered at Rs ₹300 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 10 Equity Share out of every 83 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 5 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.

The record date for the Quick Heal Technologies Buyback 2022 is September 14, 2022.

The issue size of Quick Heal Technologies Buyback 2022 is of 5,000,000 equity shares at ₹300 per share aggregating upto ₹150.00 Crores.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value

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 Quick Heal Technologies Buyback 2022 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.


11 Comments

11. Mohsin     Link|October 25, 2022 10:20:55 PM
Got mail of contract note.

43 out of 150

28-29% Acceptance ratio.

Expected 37-42%.
11.2. Kalpesh     Link|October 26, 2022 12:12:24 AM
Why not 40% as per subscription?
11.3. Mohsin   I Like It. 1|  Link|October 30, 2022 11:06:26 AM
@ayushbhai @kalpesh bhai.

Retail Subscription 330% &
General category subscription 190%

So retail acceptance ratio come 29%

Dont know about general category acceptance.
10. ASHISH     Link|October 20, 2022 9:33:14 AM
i think overall 2.25 times subscribe so AR WILL BE 35% TO 45%
10.4. Mohsin patel   I Like It. 1|  Link|October 21, 2022 4:51:13 PM
@kalpeshbhai


https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=539678&type=OTB&idtype=1&status=L&IPONo=5897&startdt=04/10/2022
10.5. KalpeshKC     Link|October 23, 2022 11:02:08 PM
Thank you @mohsin Patel
9. Narendra Nagori     Link|October 21, 2022 11:49:43 PM
AR will be 60 to 100%
8. CB🤗     Link|October 7, 2022 1:23:03 AM
Happy to see stable CMP of QH. Win win for all buyback participants.
7. KAMMA SIVA RAMA KRISHNA     Link|September 8, 2022 4:45:01 PM
Tanla Platforms Buyback Particulars

Buyback Size. 14,16,666 shares
Mode. Tender Offer
Buyback Price. Rs.1200/-
Record Date. To be announced
6. Mohsin     Link|August 27, 2022 9:11:37 PM
Quickheal Buyback Record Date announced.
14 September , Wednesday.
5. Dheeraj Patidar     Link|August 14, 2022 7:08:32 PM
18th july 22 strong price movement...21 july 2022 quaterly results were out...something fishy...BTW Purchased some shares...will add more as per conditions
4. Arjun     Link|July 25, 2022 8:08:39 PM
Stock has not performed well in last year..sudden rise just before Buyback..not good results..should we go for butback?
if AR is not good..plz advice..seeing some loss in recent BB even after good AR.
4.4. ColdBurger     Link|August 3, 2022 11:58:25 PM
@Mohsin: If retail shareholding is more than 15 % then also no more than 15% will be reserved for retail? In that case promotor reserved portion may play bad for retail correct? In Birlasoft you explained more than 15% reserved for retail right?
4.5. Mohsin     Link|August 4, 2022 11:51:39 AM
@cold burger
1. if retail shareholding pattern more thn 15% thn it will be reserved as per holding.
2. No effects of promoter holding on retail reserved quota.
As first entitlement calculation starts with Retails thn rest of shares for others like promoters dii fii.
3. Promoters has no reserved quota.
4. Yes in bsoft i said.

15% - 11,70,000 - shares

But it reserved as per entitlement
11,82,193 - Shares.

3. amit K singh     Link|July 27, 2022 12:44:45 PM
Like REC, Gail will declare bonus.. those who are holding left over buyback shares will reap benefits from Gail bonus.. better to hold for sometime if not yet sold..
3.6. ANJAY AMBASTA     Link|July 28, 2022 11:00:05 PM
I don't think there is any benefit issue with bonus shares because the price will be accordingly reduced. Only later on benefit when dividend is declared.
3.7. amit K singh     Link|July 29, 2022 10:47:00 AM
Anjay sir, if you observe REC price it already moved up by 14% after bonus announcement. Similarly I am expecting Gail to move up by at least by 10% before bonus ex-date to Rs160 level.
2. jajo     Link|July 23, 2022 12:56:54 AM
In Quick Heal buy back, the promotors will be participating in the BB to the extend of 36.42 lakhs shares out of the total BB offer of 50 lakhs shares, leaving only 13.58 lakhs shares for retails and general shareholders. Therefore, the AR will be low.
2.1. KAMMA SIVA RAMA KRISHNA     Link|July 23, 2022 11:01:03 AM
Jajo ji,
Thank you very much for your information and views.
2.2. Mohsin     Link|July 23, 2022 5:41:23 PM
Yes right said but for small retail holders there is 15% reserved.

e) In compliance with Regulation 6 of the SEBI Buyback Regulations, the reservation for the Small Shareholders, will be higher
of:

i. Fifteen percent of the number of Equity Shares which the Company proposes to buy back i.e. 15% of Buyback Equity shares.
or
ii. The number of Equity Shares to which the Small Shareholders are entitled as per their shareholding as on Record Date.
1. KAMMA SIVA RAMA KRISHNA     Link|July 22, 2022 11:34:31 PM
Purchased 400 shares @ Rs.211.80 with a hope that this buyback will not disappoint the investors. Let us wait and see. Thank you.

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