Tender Offer | ₹10.02 Crores | Listed at NSE | Tue, Jun 8, 2021 - Mon, Jun 21, 2021
Infobeans Technologies Ltd. Buyback is a tender offer for the repurchase of up to 0.04 crore equity shares at a buyback price of ₹232 per share with a face value of ₹10 per share, aggregating to ₹10.02 crores.
The record date for determining eligible shareholders is May 7, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jun 8, 2021 and closes on Jun 21, 2021, with the last date for receipt of tender forms being Jun 23, 2021.
The finalisation of buyback acceptance is expected on Jun 29, 2021, followed by settlement of bids on Jun 30, 2021.
Sarthi Capital Advisors Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Choice Equity Broking Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Infobeans Technologies Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Jun 8, 2021
Offer Closing Date
Mon, Jun 21, 2021
Buyback Price
₹232 per share
Record Date
May 7, 2021
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 2 Equity Shares out of every 19 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 64 Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 1,254.84 | 1,182.94 | 1,043.89 |
| Profit After Tax | 328.92 | 241.15 | 208.71 |
| Net Worth | 1,769.55 | 1,459.85 | 1,277.24 |
| Reserves and Surplus | 1,529.39 | 1,219.69 | 1,037.08 |
Infobeans Technologies Limited is engaged in the business of software development services for the web and mobile. The company operates out of two facilities in Indore and Pune.
The company is one of the leading players offering product engineering, digital transformation, automation engineering solutions, and customized software for clients across the globe. The company caters to the requirements of Data Storage, Media & Publishing, and eCommerce.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Mar-2021 | 157.95 | 135.30 | 146.01 |
| Feb-2021 | 164.45 | 136.00 | 144.99 |
| Jan-2021 | 160.50 | 139.00 | 148.49 |
The Buyback aims to :
i) Distribute surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and thereby enhance shareholder value in the long term.
Infobeans Technologies Ltd.
Crystal IT Park, STP-I 2nd Floor,
Ring Road, Indore-452 001
Indore, Madhya Pradesh, 452001
Lead Manager(s)
Registered Broker
The Infobeans Technologies Buyback opens on June 8, 2021, and closes on June 21, 2021.
The Infobeans Technologies Buyback last day to buy is not available as of now.
The Infobeans Technologies Buyback is a Tender Offer.
Infobeans Technologies Buyback Schedule
| Buyback Opening Date | June 8, 2021 |
| Buyback Closing Date | June 21, 2021 |
| Last Date for receipt of Tender Forms | June 23, 2021 |
| Finalisation of Buyback Acceptance | June 29, 2021 |
| Last Date for settlment of bids | June 30, 2021 |
| Last Date for Extinguishment of Shares | July 7, 2021 |
The Infobeans Technologies Buyback is being offered at Rs ₹232 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 2 Equity Shares out of every 19 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 64 Equity Shares held on the Record Date. |
The issue size of Infobeans Technologies Buyback is 4,31,717 equity shares at ₹232 per share aggregating up to ₹10.02 Crores.
The Buyback aims to :
i) Distribute surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity and thereby enhance shareholder value in the long term.
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 Infobeans Technologies 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.
