Symphony Limited Buyback
Symphony Limited Buyback 2024
Tender Offer
₹2,500.00
Buyback price per share20 Aug, 2024
Last Date to buy shares21 Aug, 2024
Record Date27 Aug, 2024
Offer Opens02 Sep, 2024
Offer Closes02 Sep, 2024
Last Date for Tender Forms06 Sep, 2024
Finalisation of Buyback Acceptance09 Sep, 2024
Last Date for settlement of bids19 Sep, 2024
Last Date for Extinguishment of SharesAbout Symphony Limited Buyback Company
Symphony Limited is an Indian multinational company and the world's largest manufacturer of air coolers. The company's product portfolio includes Household Coolers, Commercial Coolers, Large Space Venti-Coolers, and Tower Fans. The company has offices in more than 60 countries. Symphony Limited was founded in 1988 in Gujarat, India. It introduced a new type of evaporative air cooling in India and expanded its innovation globally.
Read MoreSymphony Limited Buyback Details
- Security Name Symphony Limited
- Buyback Price ₹2,500.00
- Face Valuet ₹2.00
- Listing at Group BSE, NSE
- Lead Manager
- Issue Size 285,600 (9.33 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Symphony Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 10/421 | 42840 |
| General Category for all other Eligible Shareholders | 3/830 | 242760 |
Symphony Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Profit After Tax | 148.13 | 115.88 | 120.86 |
| Total Assets | 1,217.65 | 1,403.38 | 1,367.15 |
| Reserves And Surplus | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Revenue | 1,206.8 | 1,237.79 | 1,079.01 |
How to Participate in Symphony Limited Buyback?
Calculation of Investment in Symphony Limited Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 6, 2024
Expected Profit from the Symphony Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹117,056.00 | 26 | 26956 | 23.03% |
| 50% | ₹117,056.00 | 40 | 41472 | 35.43% |
| 75% | ₹117,056.00 | 60 | 62208 | 53.14% |
| 100% | ₹117,056.00 | 80 | 82944 | 70.86% |
Amount Invested in Buyback: ₹117,056.00
Symphony Limited Buyback - Necessity of the Objective
The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
Contact Details
Symphony Limited Buyback
Symphony House, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad -380 059
+91-79-66211111
companysecretary@symphonylimited.com
Registrar Contact Details
Link Intime India Private Ltd
symphony.buyback2024@linkintime.co.in
+91-22-4918 6270