Symphony of ₹71.40 crores approved by the board of directors at the meeting was held on August 6, 2024. Symphony 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 ₹2,500 per Equity Share and for an aggregate amount not exceeding ₹71.40 crores from the shareholders. Check out Symphony Buyback 2024 details below:
Symphony Limited was founded in India’s Gujarat state in 1988. It is the world’s largest air cooler manufacturer, with operations in more than 60 countries. Symphony, a market leader in evaporative air cooling, has transformed the industry through its commitment to environmental stewardship, continuous innovation, and energy efficiency. The company has 201 trademarks, 48 patents, 64 registered designs, 15 copyrights, and an extensive portfolio demonstrating its creativity and leadership. Symphony’s commitment to R&D has allowed it to create long-term, cost-effective cooling solutions. It was established as a globally recognized brand that represents excellence and dependability in the residential, industrial, and commercial markets.
Symphony History
Symphony Buyback 2024 Dates
| Buyback Meeting Date: | August 6, 2024 |
| Buyback Announcement Date: | August 6, 2024 |
| Buyback Record Date: | August 21, 2024 |
| Last Date to Buy Shares: | August 20, 2024 |
| Buyback Open Date: | August 27, 2024 |
| Buyback Close Date: | September 2, 2024 |
| Finalization of Buyback Acceptance: | September 6, 2024 |
Symphony Buyback 2024 Offer Details
Symphony of 2,85,600 equity shares at a price of ₹2,500 per equity share. The buyback offers not to exceed ₹71.40 of the total buyback offer size.
| Offer Amount: | ₹71.40 Crores |
| Number of Shares: | 2,85,600 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹2,500 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Symphony Buyback 2024 Acceptance Ratio
The investor should buy around 80 shares at a current market price of ₹1434 (as of date). The calculation will be ₹2,00,000 / ₹2500 buyback price = 80 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹114640 | 26 | ₹27742 |
| 50% | ₹114640 | 40 | ₹58680 |
| 75% | ₹114640 | 60 | ₹88020 |
| 100% | ₹114640 | 80 | ₹117360 |
Symphony Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹679.18 | ₹532.88 | ₹110.81 |
| 2023 | ₹930.60 | ₹714.46 | ₹164.80 |
| 2024 | ₹843.94 | ₹641.05 | ₹153.04 |
How to Participate in Symphony Buyback 2024
The investors are eligible for the buyback scheme who have Symphony shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Symphony Buyback 2024 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 scheme.
Symphony Buyback 2024 Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Symphony Buyback 2024 Lead Managers
- Ambit Private Limited
Symphony Company Address
Symphony Limited
Symphony House, FP12-TP50,
Bodakdev, Off Sarkhej – Gandhinagar HWY,
Ahmedabad, Gujarat – 380059, India
Phone – +91-79-35235235
Email – [email protected]
Website – https://symphonylimited.com/
How to Apply the Symphony 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 Application Form.
How to Apply the Symphony through Upstox?
Log in to Upstox Application with your credentials. Select the Symphony. You will see the Company Name “Symphony”. Click on Symphony Stock for Buyback. Enter your Quantity and submit Symphony Application Form.
How to Apply the Symphony through Symphony Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Symphony. Enter your Quantity and submit Symphony Application Form.
