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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.
| Issue Period | Jun 8, 2021 - Jun 21, 2021 |
| Security Name | Infobeans Technologies Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 431,717.00 |
| Issue Size (Amount) | ₹10.02 Crores |
| Buyback Price | ₹232 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Record Date | May 7, 2021 |
| Offer Opens On | Jun 8, 2021 |
| Last Date for receipt of Tender Forms | Jun 23, 2021 |
| Offer Closes On | Jun 21, 2021 |
| Finalisation of Buyback Acceptance | Jun 29, 2021 |
| Last Date for settlment of bids | Jun 30, 2021 |
| Last Date for Extinguishment of Shares | Jul 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 |
| 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.
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Infobeans Technologies Limited
Crystal IT Park, STP-I 2nd Floor,
Ring Road, Indore-452 001
Phone: 0731- 7162102
Email: compliance@infobeans.com
Website: https://www.infobeans.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: infobeans.buyback@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
The Infobeans Technologies Buyback opens on Jun 8, 2021, and closes on Jun 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 | Jun 8, 2021 |
| Buyback Closing Date | Jun 21, 2021 |
| Last Date for receipt of Tender Forms | Jun 23, 2021 |
| Finalisation of Buyback Acceptance | Jun 29, 2021 |
| Last Date for settlment of bids | Jun 30, 2021 |
| Last Date for Extinguishment of Shares | Jul 7, 2021 |
The Infobeans Technologies Buyback is being offered at Rs ₹232 per share per equity 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 record date for the Infobeans Technologies Buyback is May 7, 2021.
The issue size of Infobeans Technologies Buyback is of 431,717.00 equity shares at ₹232 per share aggregating upto ₹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.
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