Incorporated in 1986, SIS Limited offers security, facility management, and cash logistics services.
The company provides Electronic Security Solutions, Alarm, Monitoring and Response services, ATM replenishment solutions, currency management, Cash Pick-Up and Delivery, Precious Cargo, Bullion Management and Vaulting, Automated systems and world-class technology, On-Site and Off-Site Cashiers and Cleaning and repair-related services.
As of March 31, 2023, the company has over 2,83,322 employees, 70,917 Customer sites, and over 21,471 Customers served across India. The company’s clientele comes from the Asia-Pacific (APAC) region, encompassing India, Australia, New Zealand, and Singapore.
SIS Buyback 2023 Detail
| Issue Period | |
| Security Name | SIS Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,636,363.00 |
| Issue Size (Amount) | ₹90.00 Crores |
| Buyback Price | ₹550 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
SIS Buyback 2023 Issue Timetable
| Last Date to buy shares | December 11, 2023 |
| Record Date | December 12, 2023 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On * | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
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Company Financials
SIS Limited Financial Information (Restated Consolidated)
SIS Limited’s revenue increased by 12.53% and profit after tax (PAT) dropped by -1.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 5,712.70 | 5,096.27 | 5,039.82 | 4,652.12 |
| Revenue | 11,378.52 | 10,111.76 | 9,605.10 | 8,538.31 |
| Profit After Tax | 346.50 | 352.93 | 367.21 | 225.45 |
| Net Worth | ||||
| Reserves and Surplus | 2,206.51 | 1,933.67 | 1,351.81 | 1,195.19 |
| Total Borrowing | ||||
| Amount in ₹ Crore |
Necessity of the Issue
The Buyback is being undertaken, among other things, for the following objects:
(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
(ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholders” as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
(iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value; and
(iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
(v) The Buyback may lead to reduced outstanding Equity Shares, improved earnings per equity share, and enhanced return on equity. The Buyback will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations and for continued capital investment, as and when required
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Company Contact Information
SIS Limited
Annapoorna Bhawan,
Patliputra Telephone Exchange Road,
Kurji, Patna – 800 010
Phone: +91 80 2559 0801
Email: compliance1@sisindia.com
Website: https://sisindia.com/