Tender Offer | ₹158.72 Crores | Listed at BSE, NSE | Mon, Jan 3, 2022 - Fri, Jan 14, 2022
Nucleus Software Exports Ltd. Buyback is a tender offer for the repurchase of up to 0.23 crore equity shares at a buyback price of ₹700 per share with a face value of ₹10 per share, aggregating to ₹158.72 crores.
The record date for determining eligible shareholders is Nov 27, 2021. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jan 3, 2022 and closes on Jan 14, 2022, with the last date for receipt of tender forms being Jan 14, 2022.
The finalisation of buyback acceptance is expected on Jan 20, 2022, followed by settlement of bids on Jan 25, 2022.
Corporate Professionals Capital Pvt.Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Bharat Bhushan Equity Traders Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Nucleus Software Exports Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, Jan 3, 2022
Offer Closing Date
Fri, Jan 14, 2022
Buyback Price
₹700 per share
Record Date
November 27, 2021
| 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. |
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2021 | 611.35 | 574.05 | 586.15 |
| Sep-2021 | 623.00 | 514.20 | 583.20 |
| Aug-2021 | 698.05 | 514.05 | 594.63 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Oct-2021 | 611.75 | 574.40 | 587.17 |
| Sep-2021 | 623.35 | 514.15 | 587.67 |
| Aug-2021 | 699.00 | 513.65 | 599.21 |
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 Exports Ltd.
A-39, Sector-62,
Noida,
Uttar Pradesh - 201307
Noida, Uttar Pradesh
Lead Manager(s)
Registered Broker
The Nucleus Software Buyback opens on January 3, 2022, and closes on January 14, 2022.
The Nucleus Software Buyback last day to buy is not available as of now.
The Nucleus Software Buyback is a Tender Offer.
Nucleus Software Buyback Schedule
| Buyback Opening Date | January 3, 2022 |
| Buyback Closing Date | January 14, 2022 |
| Last Date for receipt of Tender Forms | January 14, 2022 |
| Finalisation of Buyback Acceptance | January 20, 2022 |
| Last Date for settlment of bids | January 25, 2022 |
| Last Date for Extinguishment of Shares | February 1, 2022 |
The Nucleus Software Buyback is being offered at Rs ₹700 per 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. |
The issue size of Nucleus Software Buyback is 22,67,400 equity shares at ₹700 per share aggregating up to ₹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.
