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SoftSol India Limited is an IT firm offering comprehensive solutions to its customers in transforming their data, business processes and enterprise applications.
The company uses cutting-edge technologies such as cloud, artificial intelligence, machine learning and providing data analytics solutions with intuitive UX/UI design. SoftSol is the leading expert in the area of reengineering and transforming client/server applications to multi-tier Java/J2EE.
Issue Period | March 3, 2023 - March 17, 2023 |
Security Name | Softsol India Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 2,058,824 |
Issue Size (Amount) | ₹35.00 Crores |
Buyback Price | ₹170 per share |
Face Value | ₹10 per share |
Listing At | BSE |
Last Date to buy shares | January 11, 2023 |
Record Date | January 13, 2023 |
Offer Opens On | March 3, 2023 |
Last Date for receipt of Tender Forms | March 17, 2023 |
Offer Closes On * | March 17, 2023 |
Finalisation of Buyback Acceptance | March 21, 2023 |
Last Date for settlment of bids | March 23, 2023 |
Last Date for Extinguishment of Shares | March 30, 2023 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date. | 308,824.00 |
General Category for all other Eligible Shareholders | 5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date. | 1,750,000.00 |
Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
---|---|---|---|---|
31-Mar-20 | 27.73 | 7.72 | 140.35 | 123.11 |
31-Mar-21 | 26.79 | 10.85 | 151.36 | 134.12 |
31-Mar-22 | 26.76 | 4.33 | 162.17 | 144.93 |
Amount in ₹ Crore |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 399.00 | 349.95 | 371.61 |
Oct-2022 | 389.60 | 366.45 | 378.66 |
Sep-2022 | 381.30 | 341.00 | 364.85 |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 398.70 | 346.00 | 371.75 |
Oct-2022 | 388.00 | 367.95 | 379.02 |
Sep-2022 | 382.00 | 350.80 | 365.25 |
The Buyback is being undertaken for the following reasons:
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Softsol India Limited
Plot No. 4, Software Units Layout,
Madhapur,
Hyderabad - 500081
Phone: + 91-40-4256 8500
Email: cs@softsol.com
Website: https://www.softsol.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: soft.sol.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The Softsol India Buyback 2022 opens on March 3, 2023, and closes on March 17, 2023.
Last date to be eligible to participate in buyback is January 11, 2023.
The Softsol India Buyback 2022 is a Tender Offer.
Softsol India Buyback 2022 Schedule
Buyback Opening Date | March 3, 2023 |
Buyback Closing Date | March 17, 2023 |
Last Date for receipt of Tender Forms | March 17, 2023 |
Finalisation of Buyback Acceptance | March 21, 2023 |
Last Date for settlment of bids | March 23, 2023 |
Last Date for Extinguishment of Shares | March 30, 2023 |
The Softsol India Buyback 2022 is being offered at Rs ₹170 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date. | 308,824.00 |
General Category for all other Eligible Shareholders | 5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date. | 1,750,000.00 |
The record date for the Softsol India Buyback 2022 is January 13, 2023.
The issue size of Softsol India Buyback 2022 is of 2,058,824 equity shares at ₹170 per share aggregating upto ₹35.00 Crores.
The Buyback is being undertaken for the following reasons:
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 Softsol India Buyback 2022 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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Buyback Size: 20,58,824 shares. Please incorporate, after necessary verification. Thank you.