Chittorgarh.com Logo
Loading...
Jun 8, 2021 - Jun 21, 2021

Infobeans Technologies Limited Buyback (Infobeans Technologies Buyback) Detail

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.

Infobeans Technologies Buyback Detail

Issue PeriodJun 8, 2021 - Jun 21, 2021
Security NameInfobeans Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)0.04 Crores
Issue Size (Amount)₹10.02 Crores
Buyback Price₹232 per share
Face Value₹10 per share
Listing AtNSE

Infobeans Technologies Buyback Issue Timetable

Offer Opens OnJun 8, 2021
Offer Closes OnJun 21, 2021
Record DateMay 7, 2021
Last Date for receipt of Tender FormsJun 23, 2021
Finalisation of Buyback AcceptanceJun 29, 2021
Last Date for settlment of bidsJun 30, 2021
Last Date for Extinguishment of SharesJul 7, 2021

Buyback Ratio

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.

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 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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2021 157.95 135.3 146.01
Feb-2021 164.45 136 144.99
Jan-2021 160.5 139 148.49

Necessity of the Issue

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 Buyback Documents

Infobeans Technologies Buyback Rating

5
4.4
Rating:Rated 4.4 stars
Vote Here ...

Infobeans Technologies Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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/

Infobeans Technologies Buyback Registrar

  1. 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: http://www.linkintime.co.in

Infobeans Technologies Buyback Manager

Lead Manager(s)

  1. Sarthi Capital Advisors Private Limited

Registered Broker

  1. Choice Equity Broking Private Limited
    Email: jeetender.joshi@choiceindia.com

Find Infobeans Technologies Buyback Latest Update

Infobeans Technologies Buyback FAQs

The Infobeans Technologies Buyback opens on Jun 8, 2021, and closes on Jun 21, 2021.

The Infobeans Technologies Buyback is a Tender Offer.

Infobeans Technologies Buyback Schedule

Buyback Opening DateJun 8, 2021
Buyback Closing DateJun 21, 2021
Last Date for receipt of Tender FormsJun 23, 2021
Finalisation of Buyback AcceptanceJun 29, 2021
Last Date for settlment of bidsJun 30, 2021
Last Date for Extinguishment of SharesJul 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 0.04 Crores 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.


Comments

Add a public comment...