SMC Global Securities Buyback Date and Price

SMC Global Securities Buyback Details: The Board of SMC Global Securities accepted the proposal for the buyback of equity shares in the firm up to an amount not exceeding Rs 75 crore at a price not exceeding Rs 115 per equity share with a face value of Rs 2 each at its meeting on May 7, 2022.

SMC Global Securities Buyback

SMC Global Securities Buyback Date

The Issue Period of SMC Global Securities Buyback is 20 May 2022 to 19 Nav 2022. This buyback share will open on 20 May 2022 and closing date is 19 Nav 2022.

SMC Global Buyback issue price

The issue price of SMC Global Securities Buyback is Rs 115 per share. This buyback share will list on NSE and BSE. SMC Global Securities Buyback’s Issue Type is Open Market through Stock Exchange.

SMC Global Securities Buyback Details

Security NameSMC Global Securities Ltd
Buyback TypeOpen Market Through Stock Exchange
Offer Opens On20 May 2022
Offer Closes On19 Nav 2022
Buyback Offer AmountRs 75.00 Crores
Listing AtBSE, NSE
Buyback PriceRs. 115 per share
Face ValueRs. 2 Per Equity Share

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About SMC Global Securities Buyback

SMC Global Securities Limited was founded in 1994 and provides financial services in India. The firm provides brokerage, distribution, investment banking, and wealth management services.

Broking, Insurance, Mutual Fund Investment, Advisory Services, Fixed Deposits, Portfolio Management, NPS Services, Loan Against Securities, Business Loans, IPO Financing, Real Estate Advisory, and other services are provided by SMC Global.

SMC Global has offices in India and Dubai, as well as locations around the world. They operate in 500+ cities in India and the UAE, with 2,500 registered sub-brokers and authorised personalities.

SMC Global Securities Buyback FAQs

What is SMC Global Securities Buyback price?

The buyback price for SMC Global Securities is Rs 115 per share. SMC Global Securities Buyback will start on May 20, 2022 and end on November 19, 2022.

How do I get the Tender Form for SMC Global Securities Buyback?

In the case of an open market offer made through the stock exchange, there is no concept of a tender form. Through their stockbroker, any equity shareholder owning SMC Global Securities Buyback shares can participate in the buyback offer.

Where can I get the Public Announcement for SMC Global Securities Buyback?

The SMC Global Securities Buyback Public Announcement can be downloaded here.

How to participate in for SMC Global Securities Buyback?

Through their stockbroker, any equity shareholder with shares in Demat form can participate in the repurchase offer. Only after the shares have been turned into a Dematerialized form can the physical shareholder participate.

The shareholder must advise their broker about the Equity shares they desire to sell. When the corporation issues a buy order for the buyback, the broker will place a sell order. Only when the price given by the shareholder meets the company’s buy order will the trade be conducted at the offer price or less.

Why is SMC Global Securities Buyback coming up with buyback?

The buyback aims to utilize the net proceeds towards the following objectives:

  • To improve the return on equity through the distribution of cash.
  • To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
  • The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.

Is SMC Global Securities Buyback good or bad?

The SMC Global Securities Buyback programme allows owners to exit their shares at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.

What is opening date for SMC Global Securities Buyback?

The Global Securities Buyback opening date is 20 May 2022.

What is the issue size of SMC Global Securities Buyback?

SMC Global Securities Buyback issue size is a Rs. 75 Crores.

What is Buyback Price of SMC Global Securities Buyback?

SMC Global Securities Buyback issue price is a Rs. 115 per share.