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Jan 3, 2022 - Jan 14, 2022

Nucleus Software Exports Ltd. Buyback (Nucleus Software Buyback) Detail

Incorporated in 1986, Nucleus Software Exports Limited provides lending and transaction banking products and services. Major products of the company include - Lending, Transaction Banking, Digital channels, Business Analytics, and Financial Inclusion products. Company services include - Professional, Application, and Managed Infrastructure Services.

The company has two flagship products:

FinnOne - an end-to-end solution for Lending Businesses.

FinnAxia - an integrated global transaction banking solution for corporate banks.

The company's software supports the operations of more than 200 Financial Institutions across 50 countries serving retail lending, corporate banking, cash management, mobile and internet banking, automotive finance, and other business areas.

Nucleus Software Buyback Detail

Issue PeriodJan 3, 2022 - Jan 14, 2022
Security NameNucleus Software Exports Ltd.
Issue TypeTender Offer
Issue Size (Shares)0.23 Crores
Issue Size (Amount)₹158.72 Crores
Buyback Price₹700 per share
Face Value₹10 per share
Listing AtBSE, NSE

Nucleus Software Buyback Issue Timetable

Offer Opens OnJan 3, 2022
Offer Closes OnJan 14, 2022
Record DateNov 27, 2021
Last Date for receipt of Tender FormsJan 14, 2022
Finalisation of Buyback AcceptanceJan 20, 2022
Last Date for settlment of bidsJan 25, 2022
Last Date for Extinguishment of SharesFeb 1, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 19 Equity shares out of every 123 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders 27 Equity shares out of every 376 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)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 2,179.6 4,909.9 5,079.5 4,370.5
Profit After Tax 145.6 1,120.4 1,022.2 756.3
Net Worth 6,394.2 6,469.4 5,418.6 4,701.3
Reserves & Surplus 6,103.8 6,179.0 5,128.2 4,410.9

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 611.35 574.05 586.15
Sep-2021 623 514.2 583.2
Aug-2021 698.05 514.05 594.63

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 611.75 574.4 587.17
Sep-2021 623.35 514.15 587.67
Aug-2021 699 513.65 599.21

Necessity of the Issue

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Nucleus Software Buyback Documents

Nucleus Software Buyback Rating

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Rating:Rated 3.8 stars
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Nucleus Software Buyback Reviews

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Company Contact Information

Nucleus Software Exports Ltd.
A-39, Sector-62,
Noida,
Uttar Pradesh - 201307

Phone: + 91-120-4031400
Email: investorrelations@nucleussoftware.com
Website: https://www.nucleussoftware.com/

Nucleus Software Buyback Registrar

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

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

Nucleus Software Buyback Manager

Lead Manager(s)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. Bharat Bhushan Equity Traders Limited
    Email: dp@bharatbhushan.com

Find Nucleus Software Buyback Latest Update

Nucleus Software Buyback FAQs

The Nucleus Software Buyback opens on Jan 3, 2022, and closes on Jan 14, 2022.

The Nucleus Software Buyback is a Tender Offer.

Nucleus Software Buyback Schedule

Buyback Opening DateJan 3, 2022
Buyback Closing DateJan 14, 2022
Last Date for receipt of Tender FormsJan 14, 2022
Finalisation of Buyback AcceptanceJan 20, 2022
Last Date for settlment of bidsJan 25, 2022
Last Date for Extinguishment of SharesFeb 1, 2022

The Nucleus Software Buyback is being offered at Rs ₹700 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 19 Equity shares out of every 123 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders 27 Equity shares out of every 376 fully paid up Equity shares held on the Record date.

You could sell Nucleus Software Buyback on Nov 26, 2021 to remain eligible for buyback. The record date for Nucleus Software Buyback buyback is Nov 27, 2021.

The record date for the Nucleus Software Buyback is Nov 27, 2021.

The issue size of Nucleus Software Buyback is of 0.23 Crores equity shares at ₹700 per share aggregating upto ₹158.72 Crores.

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, 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 Nucleus Software 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.


55 Comments

55. Kunal patva  
Is there anyone who havent recived the consideration money yet in their bank account ?
54. Kishen  
Has anyone got the money for the accepted shares? When will we get it?
54.1. lokes  
Money was credited in bank account (mentioned in demat) on 21st Jan itself to everyone mostly. You need to check with registrar kfintech if you didn't received.
54.2. Kunal patva  
i havent recieved the money yet, have you got it by now?
53. Maruti Nandan  
What was the acceptance ratio for Retail and HNI?
52. ARJUN'SEYE  
100% AR is very difficult in general category.I think general category will be less than 80%.
52.9. Ou Ai  
@lokesh
Thanks. Missed noting that thread about promoters non participation. Else, would have opted for general category. Anyways, is this information available in before record date like now Tata's in TCS? Is it mentioned in postal ballot? How about Ajanta and MPS?
52.10. lokes  
@OU Ai: yes in TCS promoters are participating. News comes after buyback announcement. yes it will be known before record date. Normally in IT companies it comes to know in news or via postal ballot results, am not sure about ajanta/MPS etc , don't track much. I am not participating in MPS , ajanta i am having but no idea about promoter etc.
51. Ramakrishna Mallipudi  
Below msg recd , which means 100% Acceptance ?

On 13/01/22, 348 NUCLEUS debited from your a/c xxxx5396 for Pay-in..NSDL

@ksrk sir @lokes
51.9. AvinashUppalapati  
got 87 shares back to account
so out of 450 in general category 363 got accepted. little over 80% acceptance
51.10. AvinashUppalapati  
IN Retail category out of 50 tendered 26 accepted and 24 are returned

So General category investors got better acceptance for them
50. lokes  
From last 5 days, prices are beaten down too much in this share without any reason so for remaining shares, selling will be in loss only for mostly. Still this buyback deal will be good profitable if acceptance ratio comes around 70%
50.3. lokes  
yes acceptance ratio is less than expected, no idea how....
But atleast share price giving very good upmove now, since in general category, 80% of tendered shares were bought back so some buying demand is there now.
Better to book profit for remaining shares too whenever they are credited back in broker account.
50.4. lokes  
Share price fallen a lot from todays high, so good whoever sold it at upper price today, i sold half of my holdings at 590 and holding remaining.
I feel it can again come above 600 in short term once market supports since a lot of shares are extinguish now from buyback and there won't be much selling pressure from general category atleast.
49. ganesh jaiswal  
Hopefully today evening/night we will get contract note of buyback from our brokers. Expecting 75-80% acceptance ratio in retail category.
49.1. lokes  
I think tomorrow final settlement of orders will happen and we will come to know tomorrow about acceptance ratio. 21st Jan was the date for settlement of bids.
49.2. ganesh jaiswal  
Only 48% acceptance ratio in retail. Anyway after all the deduction (STT, Exchange charges, Zerodha buyback fee, Depository charges) Rs 698/ share. Anyway good profit.
48. sreenath s  
For retail investors 48% acceptance..
I have 50 shares out of which 24 shares are taken.
47. TheLearner  
got contract note
81% acceptance in hni
super cool profit
46. ARJUN'S EYE  
ER is 15.44 and AR will be in between 35 to 45
46.2. ARJUN'S EYE  
It will be in general category if both PAN will be same...
46.3. Barbarik  
Final AR is marginal higher than your guess.
45. ARJUN'SEYE  
AR in retail is approx 48%
44. Parwesh  
Dear @lokes @kamma siva reddy. I had applied for nucleus buyback on zerodha within the time limit. The broker called me yesterday to inform that the buyback order couldnot be placed due to a technical fault at exchange. I am staring at a huge loss for no mistake of mine. kindly guide. I have already filed a complaint on sebi scores platform against the zerodha/NSE(whoever is responsible)
44.1. lokes  
@parwesh: nothing can be done now if they really made some mistake or due to technical issue watever , if your order is not placed. You already made complaint in SEBI, that only you can do....you can send mail or call to zerodha also once and complaint but i dont think they will do anything now.
I have also tendered via zerodha, no idea what will happen to my order, no updates from them, hopefully that should work.
43. V gayathry  
When we will come to know the acceptance ratio of nucleus software
42. Ashish Kandpal  
Hello everyone,

I see heavy dips only in share price. I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher but rather share has taken a beating in last two days. 153 crores worth of shares will be mopped but will it not push the price up?

Any views please..
42.1. lokes  
On what basis you assumed this: "I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher " ??
if that happens then buybacks are always too much beneficial, everyone can buy before record date and tender in buyback and sell remaining in open at high price if that happens.
So your assumption is wrong. After tendering period, share prices can go anywhere in short term. (but not near to buyback prices in most cases in short term).
42.2. Ashish Kandpal  
Thanks lokes for your input..
41. Ankit gautam  
Has any one applied buyback using groww app my shares have not been blocked yet although i have tendered my shares for buyback.

anyone applied for buyback from grow app please let me know
40. lokes  
@KSRK sir: As per bids seen on this link: nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active
it looks like general category will have 100% acceptance ratio and retail category will have 63-65% acceptance ratio.
Sir,
On knowing the details of the site/ link, the same will be posted in the buyback pages of MPS. Thank you.
40.6. Growth Story  
Ok sir
39. Aaashish  
sivaji
are you saying that nothing can be done
and i will have to sell it in open market only
39.1. lokes  
yes 2PM was last time today to apply in this buyback from zerodha site, now its not possible. Anyways don't feel much bad, i think it will cross 600 soon so u can sell in open market and it may come 650-700 also in some months. Eclerx crossed already its buyback price of 2850 last week after 2 months of buyback.
39.2. Aaashish  
I would have got sure shot 20k

Now, i am thinking of exiting the position and investing that amount in TCS
38. TheLearner  
close to 70% acceptance in both retail and hni category.....
it will give cool profit
38.1. lokes  
@TheLearner : it will have probably 100% Acceptance in general category since only around 9 lakhs bids are placed in general category as per below link.
https://www.nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active
And retail category may have around 65% acceptance.
37. Aaashish  
hey
i forgot to apply in buyback
i mistakenly read start date as 13th jan

now i donot see any option to place order onzerodha

any inputs
any other way to participate
Aaashish ji,
Sometimes it happens. Past is past. Forget it. Please watch the performance of the company n sell the shares in the open market on keenly observing the price movement. Thank you.
36. Ashish Kandpal  
Hi Everyone,
I was entitled for 23 shares under buyback out of 150 i am holding. I tendered 130 and today all 130 are gone from my portfolio. My nucleus portfolio today only reflects 20 shares only.
Does this mean all 130 have been bought by Nucleus which seems too far fetched & improbable to me or that 130-23 shares will be credited back to my zerodha account soon since my entitlement was only 23 shares.

If anyone can advise as to what's really going on here.

This is my very first buyback so not very sure how the process works.

Thanks in advance.
36.2. KAMMA SIVA RAMA KRISHNA  
Sir,
Acceptance Ratio will always be better than the Entitlement Ratio as some investors may not be interested to tender all/ some of the shares held on the Record Date. At the first instance, Entitled shares will be accepted out of the shares of allocation for the buyback. Then, the remaining shares will be accepted proportionately on the basis of the shares tendered for the buyback and will be added to the already accepted shares on the basis of the entitlement. The balance of shares out of the shares tendered for the buyback will be credited back to your Dmat account. Hope you got the answer for your query. Thank you.
36.3. Ashish Kandpal  
Thank a ton lokes as well as siva for your inputs and insights.

Much appreciated :) it answers comprehensively.