Symphony Ltd Buyback 2023
i. Symphony, an Indian multinational company with offices in more than 60 countries, makes more air coolers than any other company in the world. Symphony is a market leader that has been providing comfort cooling to its customers for generations. From inventions to innovations, being responsible with energy to taking care of the environment, Symphony has done it all.
ii. Symphony coolers are so popular in homes, businesses, and factories that the word “cooling” has become synonymous with the brand.
iii. Symphony Limited was started in 1988 in Gujarat, India. It created a new type of evaporative air-cooling in India and took it all over the world. As a disruptor in a very unorganised industry, the company has set high standards by defining the golden standard of air cooling.
Buy Back Offer Deal:
Buyback Type: | Tender Offer |
Buyback Record Date: | Mar 29 2023 |
Buyback Offer Amount: | ₹ 200 Cr |
Date of Board Meeting approving the proposal: | Feb 08 2023 |
Date of Public Announcement: | Feb 08 2023 |
Buyback Offer Size: | 1.42% |
Buyback Number of Shares: | 10,00,000 |
Price Type: | Tender offer |
FV: | 2 |
Buyback Price: | ₹ 2000 Per Equity Share |
Details of Buyback:
Salient financial parameters:
Particluars (in cr) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
Sales | 798 | 844 | 1,103 | 900 | 1,039 |
Expenses | 579 | 711 | 889 | 759 | 877 |
Operating Profit | 220 | 133 | 213 | 140 | 162 |
OPM % | 28% | 16% | 19% | 16% | 16% |
Other Income | 54 | 15 | 51 | 24 | 40 |
Interest | 2 | 8 | 13 | 12 | 10 |
Depreciation | 7 | 10 | 21 | 21 | 24 |
Profit before tax | 265 | 130 | 230 | 131 | 168 |
Tax % | 27% | 30% | 21% | 18% | 28% |
Net Profit | 193 | 92 | 182 | 107 | 121 |
EPS in Rs | 27.52 | 13.19 | 25.94 | 15.34 | 17.2 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | 1,05,000 | 1,05,000 | 1,05,000 | 1,05,000 |
No. of Shares Buyback | 33 | 50 | 75 | 100 |
Buyback Profit | 31,350 | 47,500 | 71,250 | 95,000 |
Profit % | 29.80% | 45.20% | 67.80% | 90.40% |
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SYMPHONY BUY BACK@2000 CURRENT RATE 1090LIKELY ACCEPTANCE RATIO AROUND 25% FOR SMALL INVESTOR SHARE 52 WEEK LOW 821 ALL TIME HIGH 2213 RECORD DATE 29 MARCH 2023 SO FOR BUYBACK ENTITLEMENT TODAY IS LAST DAY FOR BUYING
If all above prices are reached even though we will make 2.5% profit .if go below 820 then this profit may get reduced.
@Sumit jain sir,
We can buy one share in dmat for buyback ??
Yes buy
@Sumit jain sir,
We can buy one share in samay for buyback ??
Record Date is 29th March.
Yes
Ajanta Pharma Board to consider buyback of shares on 10 March
Ajanta pharma
315 crore BB
Price : 1425/-
Natco Pharma to consider share buyback on March 8th.
Open offer
Dump it
The premium is very high. What could be the AR? I am new to buyback and please suggest.
JUST 4 % ER SO AR MAY BE UP TO 8 %
KAMA HOLD 100% AR in retail. 🙂
100% AR in Technocraft.
Still this is sad news.
Yes, that is the Irony, the current share has run too much and still running fast…. Lets see now elcerx
The offer size is only 1.43% and not 24.76% as written above.
1.5 % and 25% are very different and can lead to various incorrect decisions.
None would like to buyback in 1.5% while all should buy for 25%..
Its better for investor zone to be carful to retain its credibility.
Buy back Size 10,00,000 Shares Max. 200Crores
@ 2000 per share
Through Tender offer
It’s 100% premium.
How they are decided god knows