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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 Period
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

Buyback Ratio

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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:
Website: https://www.nucleussoftware.com/

Nucleus Software Buyback Registrar

Nucleus Software Buyback Manager

Lead Manager(s)

Find Nucleus Software Buyback Latest Update

Nucleus Software Buyback FAQs

The Nucleus Software Buyback open and close dates are not available as of now.

The Nucleus Software Buyback is a Tender Offer.

Sorry the Nucleus Software Buyback timelines are not available at this time.

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

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The Nucleus Software Buyback record date is not yet declared.

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

The necessity for Nucleus Software Buyback is not yet declared.

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.


19 Comments

19. lokes  Dec 3, 2021 12:37:19 PM I Like It. | Report Abuse Reply
@ADMIN @Team chittorgarh :
Please add "Buyback Issue Timetable" for nucleus software. Record date here already gone as 27th nov.
Same way it is present in sh kelkar and akshar chem buyback pages, it is present, add here in nucleus also.
18. IPO Mitr  Nov 20, 2021 1:20:51 AM I Like It. 5 | Report Abuse Reply
Nucleus software did not have very good Sep'21 quarter result. Share price was supported by buyback announcement which was already announced before announcement of results.

There is the possibility of +10% share price fall just after the record date. Suggest everyone to consider this possibility and decide accordingly.
18.14. Ganesh Jaiswal  Dec 2, 2021 12:20:00 PM I Like It. | Report Abuse
KSRK ji,
as per the draft letter of buyback of Nucleus software, it is clearly mentioned that
the Promoter and Promoter Group have expressed their intention vide their letters dated Thursday, September 23, 2021 and Friday, September 24, 2021, to participate in the Buyback and may tender up to an aggregate maximum number of 1,08,710 Equity Shares or such lower number of shares in accordance with the
provisions of the Buyback Regulations/terms of the Buyback. Hence chances of more AR in non retail quota is not feasible.
18.15. KAMMA SIVA RAMA KRISHNA  Dec 2, 2021 12:29:12 PM I Like It. | Report Abuse
Jaiswal ji,
I believe that the quantum of 1,08,710 shares is very much negligible when compared to around 18.5 lakhs available for buyback in non retail category. If i am wrong, please correct me. I don’t mind even if I am proved wrong. Thank you.
17. Aashish  Dec 2, 2021 7:28:12 AM I Like It. | Report Abuse Reply
this is cracking like anything
i thought it will crack around 10%, but it cracked 20%

omnicron alone can't be responsible for this, other shares have barely corrected 3-4%

any other idea or explaination

I have taken into account the muted results already(10%)
17.1. KAMMA SIVA RAMA KRISHNA  Dec 2, 2021 8:39:52 AM I Like It. | Report Abuse
Sir,
Apart from bad results, pandemic situation, Existing bad sentiment of the investors, I find any other reasons.
17.2. KAMMA SIVA RAMA KRISHNA  Dec 2, 2021 9:37:18 AM I Like It. | Report Abuse
“I find any other reasons” may please be read as “ I find no any other reasons”. Sorry for the inconvenience caused.
16. lokes  Nov 26, 2021 4:29:06 PM I Like It. 2 | Report Abuse Reply
I bought 100 shares today at 543 rs to bring down my average and to sell in open market in short term since I believe share price will increase once buyback tender period will open. I will add more on further falls
16.3. lokes  Nov 28, 2021 7:32:38 PM I Like It. 1 | Report Abuse
@avinash: Star cement and nucleus both are completely different share and sector. Star cement was already not performing well from long time before buyback But nucleus was not like that and it is from IT sector where growth is there. No one can predict where any share fall/rise will end so I added at 543 since already fall a lot from 610 recent high and I didn't bought all in one shot for average, I can add more on further falls.
16.4. lokes  Nov 30, 2021 11:59:10 AM I Like It. | Report Abuse
i will add again today second time around 50-100 shares.
its going too much down which is completely surprising and unpredictable, no other share usually fallen that much, like recently eclerx buyback in same sector.
15. lokes  Nov 24, 2021 3:56:30 PM I Like It. 2 | Report Abuse Reply
Yesterday i have placed buy order for 300 shares at 586 rs when price was 587 and then i got busy in work and it was my bad luck that only 1 share was bought in that order :) so today i bought at very high avg price of 604 rs for buyback around 300 shares to be in retail category.
Anyways i feel retail acceptance ratio will still be more than general category as i have studied. it can be around similar also. It can be around 50-55% in retail and around 45% in general.
15.13. lokes  Nov 28, 2021 12:25:39 AM I Like It. 1 | Report Abuse
@NKJ: ya price falls usually as per record date etc but it has fallen more this time in nucleus due to market fall added on it and regarding strategy we can't do anything on it, we need to decide as per our buyback profit then remaining shares we can sell on market price if profit is there overall else we can hold considering share movement etc as like in normal secondary market shares.
And we can add more shares also after record date fall to sell in open market when price increase during tender period, it all depends on our conviction about share price movement. Nothing can be sure.
15.14. NKJ  Nov 28, 2021 6:53:16 PM I Like It. 1 | Report Abuse
Thanks lokes,
I want to take part in buybacks but because of same reason i was not sure if after selling left over shares it will overall benefit and how much?
I know it depends on many factors like share price movement, ER, AR etc.
I will take part in couple of buybacks with small quantity and see.

Thanks again.
14. Ramakrishna Mallipudi  Nov 22, 2021 8:30:12 PM I Like It. | Report Abuse Reply
@lokes @ksrk ji

I have 200 shares in one account and another 200 shares in another dmat account,

Is it required more than 150 shares for better AR ? Shall I hold as it is ?

Plz guide me
14.5. ramakrishna mallipudi  Nov 25, 2021 9:06:36 PM I Like It. 1 | Report Abuse
@lokes ji

Thank You Very much..
14.6. lokes  Nov 26, 2021 4:22:29 PM I Like It. 1 | Report Abuse
@ramkrishna: so you are in retail category from both your accounts.
13. Karthik  Nov 24, 2021 4:54:17 PM I Like It. | Report Abuse Reply
Guys,
15% is reserved for Retail, but that does not mean it is capped at 15% for Retail.

"Fifteen per cent of the number of securities which the company proposes to buy back or the number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders," says Securities and Exchange Board of India (Buyback of Securities) (Amendment) Regulations, 2012.
13.1. lokes  Nov 24, 2021 9:49:28 PM I Like It. | Report Abuse
Yes You are right.
12. Aashish  Nov 23, 2021 9:57:59 PM I Like It. | Report Abuse Reply
is anyone sure of this info
promoters are not participating in this tender offer and therefore 22 lakh shares will be accepted out of 94 lakhs(approx) ( healthy 24% ER, 30-40% AR)

12.1. lokes  Nov 24, 2021 3:51:07 PM I Like It. 1 | Report Abuse
@aashish: yes it is confirmed whatever you said. Promoters will participate with very few shares so around 22 lakhs will be accepted from around 95 lakhs and acceptance ratio will be around 50%
11. Suradhayaksha  Nov 20, 2021 2:35:43 PM I Like It. 1 | Report Abuse Reply
It all depends on are promotes Willing nto participate and how much shares they are going to tender.
Total no. Of shares to be bought back = 2267000 (approx.)
Number of shares with non promoters = 95 lakhs (approx)
So acceptance ratio will be more than 24 percent (theoretically, if promoters do not participate)

And retail portion is minimum 15 percent. If retailers hold more than 15 percent then it's proportional for all.
Here retailers hold more than 15 percent so there is no use of quota as shares offered to retailers will be more than 15 percent of total buyback size.
11.1. Drskbajaj  Nov 22, 2021 1:40:47 PM I Like It. | Report Abuse
Sorry Retailers ( with less than 2 lakh worth shares) is only 6-7%. So ER will be about 17.5% reserved for retailers.
10. Drskbajaj  Nov 21, 2021 5:58:55 PM I Like It. 1 | Report Abuse Reply
Based on last annual report as on 31.3.21the expected eligibility ratio for retail shareholders is 17.5% .
If past is any indication the expected Acceptance raio will be about 45% or thereabout.
9. Vishal Verma  Nov 18, 2021 6:03:11 PM I Like It. | Report Abuse Reply
Can someone check my analysis and validate. It looks like a super arbitrage opportunity.

Total shares      = 29040724
Promoters      = 19627866
Non promoters      = 9412683
Promoters willing to tender      = 107926
Total possible Tender shares      = 9520609 (Non promoters+promoters willing to tender)

For retail

Total buyback shares= 22,67,000      
Retail quota= 3,40,050 (15%)      
Total potential retail shareholders=      53,27,000
Acceptance Possibility (Retail quota/total potential retail shareholders)= 6%
            
For non Retail

Non Retail buyback shares (22,67,000-3,40,050)= 19,26,950      
Total potential non retail shareholders willing to tender= 41,93,609      
Acceptance Possibility = 46%

46% AR is if all the non-retail is participating. In reality it should be much much higher.
Current arbitrage is 18% ( buyback price= 700 CMP= 590)
9.7. lokes  Nov 20, 2021 1:19:58 PM I Like It. 1 | Report Abuse
@vishal: Shareholders means person holding shares. So can you just re-think on what you are writing:

you have mentioned this in your first para :
Non promoters = 9412683 (means 94 lakh shares with non promoters)

And then you mentioned: Total potential retail shareholders= 53,27,000
means 53 lakh retail shareholders, even if one person holding 2 shares then it would become more than 1 crore shares with retailers and total shares available with non promoters are only 94 lakhs which are for everyone (FII/QIB/retailers etc) so you can just think again logically now. Also you mentioned:

Total buyback shares= 22,67,000
Retail quota= 3,40,050 (15%)
Total potential retail shareholders= 53,27,000
Acceptance Possibility (Retail quota/total potential retail shareholders)= 6%

so why you are dividing no. of shares from shareholders here to get acceptance possibility ? what can't of divide is this. so think before you post.

9.8. lokes  Nov 20, 2021 1:23:15 PM I Like It. 1 | Report Abuse
And even in the link which you shared , cant you see clearly what is mentioned there:
For Individual share capital upto Rs. 2 Lacs :
No. of shareholder : 39698
No. of fully paid up equity shares held : 5327032

Hope you will realize your mistake now.
8. lokes  Nov 19, 2021 7:15:48 PM I Like It. 3 | Report Abuse Reply
Since record date is 27th nov (saturday) for this nucleus software, so everyone who buys till 24th nov (wednesday) are eligible to participate in buyback
7. ramakrishna M  Nov 17, 2021 11:25:54 PM I Like It. | Report Abuse Reply
@sivaramakrishna

if we can buy 200 shares on tomarrow, is it possible to participate in tender process
7.1. KAMMA SIVA RAMA KRISHNA  Nov 18, 2021 6:15:34 AM I Like It. | Report Abuse
Sir,
Yes. Please go ahead. All the best.
7.2. ramakrishna m  Nov 18, 2021 9:31:52 AM I Like It. | Report Abuse
thq KSRK, Bought 200 shares @589
6. KAMMA SIVA RAMA KRISHNA  Nov 16, 2021 2:27:31 PM I Like It. 1 | Report Abuse Reply
Record Date for Buyback of shares of Nucleus is 27th. Thank you.
6.5. KAMMA SIVA RAMA KRISHNA  Nov 16, 2021 9:40:06 PM I Like It. | Report Abuse
Sir,
You might have read the comments in the I J Site regarding the participation of the promoter group as just now I have read the analysis of Sumit Jain ji there. I requested him to share the source. Thank you.
6.6. lokes  Nov 17, 2021 11:37:59 PM I Like It. 2 | Report Abuse
@KSRK: ya i read sumit comments but not on IZ , somewhere else.
Anyways i have seen later his and your comments on IZ too and he seems mentioned wrongly about 15% share numbers/count of retail, that should be from total buyback size not as per total available shares etc.
Anyways i will read more on this and try to understand and will inform in this forum
5. KAMMA SIVA RAMA KRISHNA  Nov 17, 2021 10:46:51 AM I Like It. 1 | Report Abuse Reply
The AR in non retail category is likely to be very much as I understand that only 3 promoters are participating in the buyback to the extent of tendering 108710 shares only. Hopefully a very good opportunity to grab. Thank you.
4. KAMMA SIVA RAMA KRISHNA  Oct 31, 2021 12:38:10 PM I Like It. 3 | Report Abuse Reply
One can purchase the shares of S H KELKAR Co Ltd (Keva) at the CMP for tendering for buyback. Record Date is learnt to be 12/11. CMP is around Rs.158/- and the price of the buyback is Rs. 210/-. You will definitely get a reasonably good profit. I hope that the ER will be around 6% and AR around 13% to 17%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
4.6. Cyberdude  Nov 5, 2021 7:58:36 PM I Like It. | Report Abuse
can someone give me good website or video to understand how buyback works? also what are this terms like AR and ER?
4.7. lokes  Nov 11, 2021 12:26:48 AM I Like It. 2 | Report Abuse
@cyberdude: you can check below links:

https://investorzone.in/everything-about-the-buyback-you-want-to-know/

https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
3. KAMMA SIVA RAMA KRISHNA  Nov 1, 2021 11:12:57 PM I Like It. 2 | Report Abuse Reply
Admin ji,
Please do the needful for early opening up of the separate pages regarding the buyback of the shares of 1. M P S Ltd 2. S H Kelkar and 3. Aksharchem India Ltd. Thank you.
3.1. lokes  Nov 2, 2021 2:31:24 AM I Like It. 1 | Report Abuse
@admin: yes definitely please open all respective buyback pages soon like you open for ipos, if you really want to see people discussing actively here also.

Also Please add improvement in buyback discussions as i pointed out previously also of adding mail alert feature in posts like its there in ipo posts so that we get to know via email of replies etc.

i genuinely respect and thankful to KSRK sir who is showing so much of dedication and discipline and posting buyback messages here and supporting others also. I wish aniket sir also joins here actively and provide his views and guidance to others.
3.2. KAMMA SIVA RAMA KRISHNA  Nov 2, 2021 10:43:40 AM I Like It. 1 | Report Abuse
I am also praying for n eagerly waiting here for the precious views, suggestions and guidance of the great gem Sri Aniket regarding the buyback of the shares. Thank you.
2. KAMMA SIVA RAMA KRISHNA  Oct 28, 2021 2:46:58 PM I Like It. 1 | Report Abuse Reply
MPS LTD ( Macmillan Publishing Technologies & Service Businesses Limited ) board has approved the Buyback of 9,44,444 shares through Tender route @ Rs.900/- on 27/10/2021.
CMP. Around Rs.705/-
Record Date yet to be announced.
Thank you.
2.2. KAMMA SIVA RAMA KRISHNA  Oct 28, 2021 8:27:16 PM I Like It. | Report Abuse
Sir,
Today I have purchased some shares @Rs.701/-. Tomorrow I will make two bids @ Rs.691/-and @ Rs. 681/-. Let us see. Though I am not an expert in this regard, I believe that the company is a good one and you will not be disappointed with the price of the unaccepted shares after the buyback. Reasonable amount of profit can be expected. Thank you.
2.3. Unknwon  Oct 30, 2021 2:01:01 AM I Like It. | Report Abuse
thanks for your feedback
1. lokes  Oct 19, 2021 1:58:22 PM I Like It. 1 | Report Abuse Reply
As of now, it doesnt look attractive from buyback perspective....if prices come down before record date then can be considered