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Oct 18, 2021 - Nov 1, 2021

eClerx Services Limited Buyback (eClerx Services Limited Buyback) Detail

Incorporated in 2000 eClerx Services provides business process management, automation, and analytics services to several Fortune 2000 enterprises. The company's clients include some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. The company's offerings are categorized into three major divisions - Customer Operations, Digital, and Financial Markets. The company provides critical business operations services to clients operating in industries including financial services, communications, retail, media & entertainment, manufacturing, and high-tech.

eClerx employs 11,000 people across its global sites with delivery centers in the US, India, and Thailand.

eClerx Services Limited Buyback Detail

Issue PeriodOct 18, 2021 - Nov 1, 2021
Security NameeClerx Services Limited
Issue TypeTender Offer
Issue Size (Shares)0.11 Crores
Issue Size (Amount)₹303.00 Crores
Buyback Price₹2850 per share
Face Value₹10 per share
Listing AtBSE, NSE

eClerx Services Limited Buyback Issue Timetable

Offer Opens OnOct 18, 2021
Offer Closes OnNov 1, 2021
Record DateSep 30, 2021
Last Date for receipt of Tender FormsNov 1, 2021
Finalisation of Buyback AcceptanceNov 8, 2021
Last Date for settlment of bidsNov 9, 2021
Last Date for Extinguishment of SharesNov 12, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,367.85 11,741.68 11,956.43
Profit After Tax 2,389.04 1,235.71 2,096.13
Net Worth 12,536.81 11,113.07 13,052.03

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2395.05 1977.35 2214.97
Jul-2021 2314 1950 2146.7
Jun-2021 1915.3 1231.5 1592.23

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2392.8 1951.05 2212.54
Jul-2021 2279.8 1955 2147.26
Jun-2021 1938.55 1231.05 1594.74

Necessity of the Issue

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

eClerx Services Limited Buyback Documents

eClerx Services Limited Buyback Rating

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eClerx Services Limited Buyback Reviews

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Company Contact Information

eClerx Services Limited
Sonawala Building,
1st Floor, 29 Bank Street,
Fort, Mumbai – 400 023, Maharashtra, India

Phone: +91 22 6614 8301
Email: investor@eclerx.com
Website: https://eclerx.com/

eClerx Services Limited Buyback Registrar

  1. KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: eclerx.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

eClerx Services Limited Buyback Manager

Lead Manager(s)

  1. Emkay Global Financial Services Ltd

Registered Broker

  1. Emkay Global Financial Services Limited
    Email: eclerx.buyback@emkayglobal.com

Find eClerx Services Limited Buyback Latest Update

eClerx Services Limited Buyback FAQs

The eClerx Services Limited Buyback opens on Oct 18, 2021, and closes on Nov 1, 2021.

The eClerx Services Limited Buyback is a Tender Offer.

eClerx Services Limited Buyback Schedule

Buyback Opening DateOct 18, 2021
Buyback Closing DateNov 1, 2021
Last Date for receipt of Tender FormsNov 1, 2021
Finalisation of Buyback AcceptanceNov 8, 2021
Last Date for settlment of bidsNov 9, 2021
Last Date for Extinguishment of SharesNov 12, 2021

The eClerx Services Limited Buyback is being offered at Rs ₹2850 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

The record date for the eClerx Services Limited Buyback is Sep 30, 2021.

The issue size of eClerx Services Limited Buyback is of 0.11 Crores equity shares at ₹2850 per share aggregating upto ₹303.00 Crores.

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

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 eClerx Services 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.


10 Comments

10. lokes  Oct 16, 2021 00:57 I Like It. | Report Abuse Reply
@Admin: can you please open new pages for nucleus software and goldiam international buybacks.
10.1. KAMMA SIVA RAMA KRISHNA  Oct 17, 2021 00:56 I Like It. | Report Abuse
ADMIN JI,
Please ensure that relative pages are opened immediately on announcement of the Buybacks so that fruitful discussion made there can help the investors to understand and proceed further. Thank you.
10.2. rahulagg  Oct 27, 2021 20:35 I Like It. | Report Abuse
@KAMMA SIVA RAMA KRISHNA sir,
Sir, can you please tell about MPS ltd buyback, what could be expected ER and AR?
9. KUNJAL  Oct 27, 2021 18:21 I Like It. | Report Abuse Reply
I have shares in groww app can any one help how can i participate in this buyback
8. REK  Oct 18, 2021 20:29 I Like It. | Report Abuse Reply
AniketIAF Ji,
Welcome to buyback discussion page.
8.1. lokes  Oct 26, 2021 00:56 I Like It. | Report Abuse
Seems aniket ji is not interested to post in buyback pages
7. Abhi IPO  Oct 25, 2021 09:16 I Like It. | Report Abuse Reply
In zerodha buyback order is still in pending stage. Upstox already removed from holdings. Does zerodha place order on last day or am I doing something wrong?
7.1. lokes  Oct 26, 2021 00:54 I Like It. | Report Abuse
It will be settled in zerodha on or after 1st Nov....and in zerodha also, shares will be locked after you put for buyback, you can't sell them in open market
6. lokes  Oct 19, 2021 12:57 I Like It. | Report Abuse Reply
its not able to sustain above 2300 and all others IT shares are moving so high....due to buyback, prices are controlled it seems..
i am feeling retail acceptance ratio will be around 30%....not more
6.5. KAMMA SIVA RAMA KRISHNA  Oct 25, 2021 09:48 I Like It. | Report Abuse
Disastrous blood shed. CMP around Rs.1830/-. Unimaginable n incredible!
6.6. lokes  Oct 26, 2021 00:52 I Like It. | Report Abuse
Yes....too much fall in last 3-4 trading days, little bit recovered today from morning fall at day end
5. LearningIPO  Oct 25, 2021 12:26 I Like It. | Report Abuse Reply
What is going on? Why such huge drop in price?
4. BSC  Oct 21, 2021 22:03 I Like It. | Report Abuse Reply
what is ecpected acceptance ratio here? i sold 50% of my record date holdings already...if i tender balance 50% in buyback i hope they will be accepted...i am told Rsystems had amlost full acceptance
4.2. lokes  Oct 21, 2021 23:52 I Like It. | Report Abuse
@BSC: expected acceptance ratio will be around 30% or less....since share price came down a lot during buyback time....and if you are tendering 50% shares then accordingly (proportionately) some extra shares will be accepted other than your entitlement ratio shares
4.3. BSC  Oct 22, 2021 09:37 I Like It. | Report Abuse
Thank you all for helping and commenting on my query
3. Sunilbaba  Oct 19, 2021 18:55 I Like It. | Report Abuse Reply
Please share if you know about the participation of promoters in share buyback.... Promoters are participating Or not...?
3.1. lokes  Oct 21, 2021 14:43 I Like It. | Report Abuse
promoters and members of the promoter group of the company will participate in the buyback
2. lokes  Oct 14, 2021 15:06 I Like It. | Report Abuse Reply
hello.....testing message...
since my last message was not posted here
1. lokes  Oct 14, 2021 13:24 I Like It. | Report Abuse Reply
if it moves around 2400 or more by next week 18th when buyback will start, then acceptance ratio can be around or more than 50% but if it will keep hovering around 2300 then acceptance ratio for retail wont be more than 30%