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Established in 1993, Rsystems is a global provider of AI-driven services and solutions to clients across industries. The company delivers its services and solutions to five major business verticals - Technology, Telecom, Healthcare & Life Science, Finance & Insurance, and Retail & E-commerce. The Company has a branch office in the U.S.A. including 25+ offices worldwide.
The company has a 3000+ workforce with more than 1000 clients.
| Issue Period | Sep 20, 2021 - Oct 1, 2021 |
| Security Name | R Systems International Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,333,000.00 |
| Issue Size (Amount) | ₹29.99 Crores |
| Buyback Price | ₹225 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Record Date | Aug 27, 2021 |
| Offer Opens On | Sep 20, 2021 |
| Last Date for receipt of Tender Forms | Oct 1, 2021 |
| Offer Closes On | Oct 1, 2021 |
| Finalisation of Buyback Acceptance | Oct 11, 2021 |
| Last Date for settlment of bids | Oct 12, 2021 |
| Last Date for Extinguishment of Shares | Oct 19, 2021 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 14 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 103 fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Dec-20 | 31-Dec-19 | ||
| Total Income | 4,513.08 | 4,064.40 | |
| Profit After Tax | 697.07 | 514.95 | |
| Net Worth | 3,428.91 | 2,746.92 | |
| Reserves and Surplus | 3,309.27 | 2,627.32 | |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2021 | 211.45 | 147.25 | 171.82 |
| Jun-2021 | 167.00 | 130.00 | 143.13 |
| May-2021 | 156.85 | 114.60 | 134.09 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2021 | 211.95 | 150.55 | 171.66 |
| Jun-2021 | 167.00 | 130.45 | 143.06 |
| May-2021 | 155.00 | 113.15 | 133.90 |
The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
ii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
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R Systems International Limited
GF-1-A,
6, Devika Tower,
Nehru Place, New Delhi - 110019
Phone: +91 120-4303500
Email: rsil@rsystems.com
Website: http://www.rsystems.com/
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: rsystems.buyback2021@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
The Rsystems Buyback opens on Sep 20, 2021, and closes on Oct 1, 2021.
The Rsystems Buyback last day to buy is not available as of now.
The Rsystems Buyback is a Tender Offer.
Rsystems Buyback Schedule
| Buyback Opening Date | Sep 20, 2021 |
| Buyback Closing Date | Oct 1, 2021 |
| Last Date for receipt of Tender Forms | Oct 1, 2021 |
| Finalisation of Buyback Acceptance | Oct 11, 2021 |
| Last Date for settlment of bids | Oct 12, 2021 |
| Last Date for Extinguishment of Shares | Oct 19, 2021 |
The Rsystems Buyback is being offered at Rs ₹225 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 14 fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 103 fully paid-up Equity Shares held on the Record Date. |
The record date for the Rsystems Buyback is Aug 27, 2021.
The issue size of Rsystems Buyback is of 1,333,000.00 equity shares at ₹225 per share aggregating upto ₹29.99 Crores.
The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
ii) in improving financial ratios like earnings per share 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 Rsystems 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.
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Sirji, any updates regarding star cement buyback