Symphony Buyback of ₹200 crores approved by the board of directors at the meeting was held on February 8, 2023. Symphony Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹2,000 per Equity Share and for an aggregate amount not exceeding ₹200 crores from the shareholders. Check out Symphony Buyback 2023 details below:
Symphony, an Indian Multi-National Company with presence in over 60 countries is the world’s largest manufacturer of air-coolers. From inventions to innovations, energy responsibility to environment stewardship, Symphony is a market leader which has been providing comfort cooling to its customers for generations. The massive supremacy of Symphony coolers in the residential, industrial and commercial segments has made the brand synonymous with ‘cooling’. Founded in 1988, in Gujarat, India, Symphony Limited established a new category of evaporative air-cooling in India, taking it to the globe. As a disruptor of a highly unorganized sector, the company has set high benchmarks by defining the golden standard of air cooling.
Symphony Buyback History
- This is the first Symphony buyback so there is no historical data.
Symphony Buyback 2023 Dates
| Buyback Meeting Date: | February 8, 2023 |
| Buyback Announcement Date: | February 8, 2023 |
| Buyback Record Date: | March 29, 2023 |
| Last Date to Buy Shares: | March 28, 2023 |
| Buyback Open Date: | May 3, 2023 |
| Buyback Close Date: | May 17, 2023 |
| Finalization of Buyback Acceptance: | May 25, 2023 |
Symphony Buyback 2023 Offer Details
Symphony buyback of 1,000,000 equity shares at a price of ₹2,000 per equity share. The buyback offers not to exceed ₹200 crores of the total buyback offer size.
| Offer Amount: | ₹200 Crores |
| Number of Shares: | 1,000,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹2,000 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Symphony Buyback 2023 Acceptance Ratio
The investor should buy around 100 shares at a current market price of ₹108,000 (as of March 28, 2023). The calculation will be ₹2,00,000 / ₹2,000 buyback price = 100 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹108,000 | 33 | ₹30,360 |
| 50% | ₹108,000 | 50 | ₹46,000 |
| 75% | ₹108,000 | 75 | ₹69,000 |
| 100% | ₹108,000 | 100 | ₹92,000 |
Symphony Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹763 | ₹517 | ₹186 |
| 2021 | ₹524 | ₹372 | ₹112 |
| 2023 | ₹679 | ₹527 | ₹111 |
How to Participate in Symphony Buyback 2023
The investors are eligible for the buyback scheme who have Symphony shares in their Demat Account as on or before the March 28, 2029. Eligible Share Holders can participate in the Symphony Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Symphonyepted shares by the company under the Symphony buyback scheme.
Symphony Buyback 2023 Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com/
Symphony Buyback 2023 Lead Managers
- Ambit Private Limited
Symphony Company Address
Symphony Limited
“Symphony House”, FP-12,
TP-50, Off S.G. Highway, Bodakdev,
Ahmedabad -380 059,
Phone: +91-79-66211111
Email: [email protected]
Website: https://www.symphonylimited.com/
How to Apply the Symphony Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Symphony”. Click on Place Order. Enter your Quantity and submit Symphony Buyback Application Form.
How to Apply the Symphony Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Symphonyount Section. You will see the Company Name “Symphony”. Click on Symphony Stock for Buyback. Enter your Quantity and submit Symphony Buyback Application Form.
How to Apply the Symphony Buyback through Symphony Money?
Log in to Symphony Money Application with your credentials. Select the Symphony. Enter your Quantity and submit Symphony Buyback Application Form.
