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Birlasoft offers digital and enterprise technology services. The company offers services including data analytics, digital analytics, IT Transformation, Testing, Application Management, Infrastructure and cloud technology to Banking, Manufacturing, Capital Market, Insurance, Energy and Resources, Life Science and Healthcare companies. Birlasoft has 11,900+ professionals and has a presence in the United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore among other countries.
| Issue Period | Aug 11, 2022 - Aug 26, 2022 |
| Security Name | Birlasoft Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 7,800,000.00 |
| Issue Size (Amount) | ₹390.00 Crores |
| Buyback Price | ₹500 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Record Date | Jul 15, 2022 |
| Offer Opens On | Aug 11, 2022 |
| Last Date for receipt of Tender Forms | Aug 26, 2022 |
| Offer Closes On | Aug 26, 2022 |
| Finalisation of Buyback Acceptance | Sep 6, 2022 |
| Last Date for settlment of bids | Sep 7, 2022 |
| Last Date for Extinguishment of Shares | Sep 14, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Million) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 41,965.5 | 35,747 | 33,339.6 |
| Profit After Tax | 4,636.4 | 3,208.3 | 2,243.5 |
| Net Worth | 25,830.5 | 21,799.3 | 18,924.2 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 390.30 | 316.35 | 356.09 |
| May-2022 | 418.85 | 336.55 | 377.49 |
| Apr-2022 | 501.65 | 405.20 | 447.59 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 390.50 | 316.45 | 356.16 |
| May-2022 | 419.10 | 338.25 | 377.50 |
| Apr-2022 | 501.60 | 405.10 | 447.64 |
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.
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Birlasoft Limited
Plot No. 35 & 36,
Rajiv Gandhi Infotech Park, Phase 1,
MIDC, Hinjawadi, Pune 411 057
Phone: +91 20 6652 5000
Email: contactus@birlasoft.com
Website: https://www.birlasoft.com/
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: birlasoft.buyback2022@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
The Birlasoft Limited Buyback opens on Aug 11, 2022, and closes on Aug 26, 2022.
The Birlasoft Limited Buyback last day to buy is not available as of now.
The Birlasoft Limited Buyback is a Tender Offer.
Birlasoft Limited Buyback Schedule
| Buyback Opening Date | Aug 11, 2022 |
| Buyback Closing Date | Aug 26, 2022 |
| Last Date for receipt of Tender Forms | Aug 26, 2022 |
| Finalisation of Buyback Acceptance | Sep 6, 2022 |
| Last Date for settlment of bids | Sep 7, 2022 |
| Last Date for Extinguishment of Shares | Sep 14, 2022 |
The Birlasoft Limited Buyback is being offered at Rs ₹500 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date. |
The record date for the Birlasoft Limited Buyback is Jul 15, 2022.
The issue size of Birlasoft Limited Buyback is of 7,800,000.00 equity shares at ₹500 per share aggregating upto ₹390.00 Crores.
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Birlasoft Limited Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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