Symphony Limited, an esteemed Indian multinational enterprise, stands as the globe’s foremost producer of air-cooling systems. The company boasts an extensive array of products, encompassing Household Coolers, Commercial Coolers, Large Space Venti-Coolers, and Tower Fans. With a global presence, Symphony Limited maintains offices in over 60 countries, underscoring its international reach.
Originating in Gujarat, India, in 1988, Symphony Limited embarked on a transformative journey. Pioneering a novel form of evaporative air-cooling, the company not only revolutionized the Indian market but also propagated its innovation across the global landscape.
Symphony Limited Stock Quote #
- Open: ₹874.90
- High – Low: ₹884.45 – ₹870.00
- Previous Close: ₹868.30
- Total Traded Value: 36,636
- 52 Weeks High: ₹1,219.00 (Mar 01, 2023)
- 52 Weeks Low: ₹820.60 (Nov 03, 2022)
- Updated On: Aug 10, 2023 4:00 PM
Symphony Buyback Detail #
| Issue Period | May 3, 2023 – May 17, 2023 |
| Security Name | Symphony Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,000,000.00 |
| Issue Size (Amount) | ₹200.00 Crores |
| Buyback Price | ₹2000 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Symphony Buyback Issue Timetable #
| Last Date to buy shares | Mar 28, 2023 |
| Record Date | Mar 29, 2023 |
| Offer Opens On | May 3, 2023 |
| Last Date for receipt of Tender Forms | May 17, 2023 |
| Offer Closes On * | May 17, 2023 |
| Finalisation of Buyback Acceptance | May 25, 2023 |
| Last Date for settlment of bids | May 26, 2023 |
| Last Date for Extinguishment of Shares | Jun 2, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 9 Equity Shares out of every 92 Fully paid-up Equity Shares held on the Record Date. | 150,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 80 Fully paid-up Equity Shares held on the Record Date. | 850,000.00 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1,064.00 | 1,157.00 | 182.00 |
| 31-Mar-21 | 1,220.00 | 931.00 | 107.00 |
| 31-Mar-22 | 1,367.00 | 1,079.00 | 121.00 |
| Amount in ₹ Crore | |||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2023 | 1,174.85 | 948.00 | 1,051.97 |
| Jan-2023 | 1,004.95 | 900.05 | 959.76 |
| Dec-2022 | 950.35 | 870.00 | 914.00 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Feb-2023 | 1,175.00 | 948.00 | 1,051.93 |
| Jan-2023 | 1,006.00 | 907.20 | 960.03 |
| Dec-2022 | 949.00 | 870.00 | 914.21 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as “small shareholders”.
- The buyback may help in improving return on equity, reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Symphony Buyback Documents #
Company Contact Information #
Symphony Limited
“Symphony House”, FP-12,
TP-50, Off S.G. Highway, Bodakdev,
Ahmedabad -380 059,Phone: +91-79-66211111
Email: info@symphonylimited.com
Website: https://www.symphonylimited.com/
“Symphony House”, FP-12,
TP-50, Off S.G. Highway, Bodakdev,
Ahmedabad -380 059,Phone: +91-79-66211111
Email: info@symphonylimited.com
Website: https://www.symphonylimited.com/
Symphony Buyback Registrar #
- Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059Phone: +91-22-6263 8200
Email: buybackoffer@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
