Apr 12, 2021 - Apr 28, 2021

NIIT Limited Buyback (NIIT Buyback) Detail

NIIT Limited is a leading Skills and Talent Development Company that has two main lines of business; a.) Corporate Learning Group and b.) Skills and Careers Group

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania.

The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT.

With a footprint in over 30 countries, these business lines offer training and development solutions to Enterprises, Individuals, and Institutions.

NIIT Buyback Detail

Issue Period	Apr 12, 2021 - Apr 28, 2021
Security Name	NIIT Limited
Issue Type	Tender Offer
Issue Size (Shares)	0.99 Crores
Issue Size (Amount)	₹237.00 Crores
Buyback Price	₹240 per share
Face Value	₹2 per share
Listing At	BSE, NSE

NIIT Buyback Issue Timetable

Offer Opens On	Apr 12, 2021
Offer Closes On	Apr 28, 2021
Record Date	Feb 24, 2021
Last Date for receipt of Tender Forms	Apr 30, 2021
Finalisation of Buyback Acceptance	May 6, 2021
Last Date for settlment of bids	May 7, 2021
Last Date for Extinguishment of Shares	May 14, 2021

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Company Financials

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.5	153.42

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	206.15	187.6	198.6
Dec-2020	207.3	168.85	182.97
Nov-2020	190.5	131.5	153.43

Necessity of the Issue

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

NIIT Buyback Documents

Letter of Offer

NIIT Buyback Rating

4.3

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Company Contact Information

NIIT Limited
8, Balaji Estate, First Floor,
Guru Ravi Das Marg,
Kalkaji New Delhi – 110019

Phone: +91-11-41675000
Email: investors@niit.com
Website: https://www.niit.com/india/

NIIT Buyback Registrar

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: niit.buyback2021@linkintime.co.in
Website: https://linkintime.co.in/

NIIT Buyback Manager

Lead Manager(s)

JM Financial Consultants Private Limited

Registered Broker

JM Financial Services Limited
Email: divyesh.kapadia@jmfl.com

Find NIIT Buyback Latest Update

5 Comments

5. Iam SK

Has anybody received payout for NIIT buyback yet?

4. Iam SK

Has anybody received payout for NIIT buy back of shares yet?

3. Ou Ai

As expected, due to heavy submission in buyback, small shareholders got a poor acceptance ratio of 15.5%. Those who purchased 800~900 shares at 190 to 200 are in big loss at balance shares quoting at 166.

Load more comments (7 replies)

3.1. amit K singh

AR is 29.5%..

3.2. Ou Ai

Entitlement ratio for small shareholder category is 102 for 919 shares @ 11.10. Acceptance ratio is not percentage of acceptance versus tendered shares. This can vary from shareholder to shareholder depending on number of shares tendered. For eg, if 102 shares are tendered subject to holding 919 on record date, his acceptance will is 100% !

Having tendered 300 shares and with 141 accepted AR turned out to be 47%. Acceptance was higher at 47% as shares held on record date was 900. (Rest sold in market post record date) Real acceptance rate for shareholder as on record date is 141/900 + 15.5% approximate. It is higher than ER11.10 % due to some shareholders not tendering.

If it was 29.5% only 90 out of 300 should have been accepted. Alternatively those tendering should have got 270 accepted. If that has been the case, do clarify 29.5% with reference to share held on record date not tendered.

3.3. amit K singh

For HNIs, AR is 13%, but for retails, AR is 29.5%.. 235 shares accepted out of 800 shares tendered...

3.4. Ou Ai

Then why were 141 accepted out of 300 tendered with AR 47%?

3.5. amit K singh

In this case, number of shares available as on record date may be more than actually tendered.. need to know more details before answering...

3.6. Ou Ai

Yes. Do read 2.2 above with complete details. If number of shares held on record date is the criteria, (which in this case was 900 coming under small shareholders category as per the offer document) , then at least 235 or more out of 300 tendered should have been accepted. This means AR is neither linked to shares on record date nor number of shares tenders, seems combination of both. So AR varied from individual to individual in same category.

3.7. amit K singh

Agree Ou Ai, you are correct. my earlier answer was for number of shares as on record date and tendering time same...

3.8. Ou Ai

If more shareholders share their details like holding on record date, shares tendered & accepted , we could try know this better. But, since the time buy back section started on big demand from main board, no one even visits these sections!

3.9. amit K singh

True..

2. DEEP NEOGY

got 59 shares out of 200 . AR is 29%

1. Earthking

Any update on the final subscription???