HomeBuybackQuick Heal Buyback 2021

Quick Heal Buyback 2021

Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is one of the leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, Government establishments, and corporate houses.

Over a span of over 20 years, the company’s R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning enabled solutions to stop threats, attacks, and malicious traffic before it strikes. This considerably reduces system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.)

Buy Back Offer Deal:

Buyback Type:	Tender Offer
Buyback Offer Amount:	₹ 155 Cr
Date of Board Meeting approving the proposal:	Mar 10 2021
Date of Public Announcement:	Mar 10 2021
Buyback Offer Size:	24.9%
Buyback Number of Shares:	63,26,530
Price Type:	Tender Offer
FV:	10
Buyback Price:	₹ 245 Per Equity Share

Details of Buyback:

The Board of Directors of the Company at its meeting held today, March 10, 2021, has approved a proposal to buy back up to 63,26,530 Equity Shares of the Company, being 24% of the total paid up equity share capital of the Company, for an aggregate amount not exceeding Rs. 155 Cr, at a price of Rs. 245 per Equity Share through " Tender Route".

Salient financial parameters:

Particulars(in Cr)	Mar-16	Mar-17	Mar-18	Mar-19	Mar-20
Sales	298	299	316	313	283
Expenses	192	202	193	186	193
Operating Profit	107	97	123	127	91
OPM %	36%	33%	39%	41%	32%
Other Income	9	23	23	25	31
Interest	0	0	0	0	0
Depreciation	24	31	27	24	22
Profit before tax	93	90	119	129	100
Net Profit	62	59	79	84	74
EPS in Rs	8.91	8.44	11.21	11.9	11.47

Source: Screener.in

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Quick Heal Buyback 2021 in demat or physical form as on the record date [Not Announced]. 2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced] by selling your shares through your broker on NSE or BSE. 3. Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 816 Shares at CMP of Rs. 209 [2,00,000/245=816)

Acceptance Ratio	33%	50%	75%	100%
Amount Invested in Buyback	1,70,544	1,70,544	1,70,544	1,70,544
No. of Shares buyback	269	408	612	816
BuyBack Profit	9684	14,668	22,032	29736
Profit (%)	5.67%	8.6%	12.91%	17.4%

Recommendation:

Quick Heal Buyback 2021 by InvestorZone team is: 4/10 [Entitlement = 10%]

8 Comments

Postal ballot result will be declared on 19/4 and record date will be announced post shareholders approval which is expected you be able in 1st week of May 2021