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March 3, 2023 - March 17, 2023

Softsol India Limited Buyback (Softsol India Buyback 2022) Detail

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.

Softsol India Buyback 2022 Detail

Issue PeriodMarch 3, 2023 - March 17, 2023
Security NameSoftsol India Limited
Issue TypeTender Offer
Issue Size (Shares)2,058,824
Issue Size (Amount)₹35.00 Crores
Buyback Price₹170 per share
Face Value₹10 per share
Listing AtBSE

Softsol India Buyback 2022 Issue Timetable

Last Date to buy sharesJanuary 11, 2023
Record DateJanuary 13, 2023
Offer Opens OnMarch 3, 2023
Last Date for receipt of Tender FormsMarch 17, 2023
Offer Closes On *March 17, 2023
Finalisation of Buyback AcceptanceMarch 21, 2023
Last Date for settlment of bidsMarch 23, 2023
Last Date for Extinguishment of SharesMarch 30, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 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 Shareholders5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.1,750,000.00

Company Financials

Softsol India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2027.737.72140.35123.11
31-Mar-2126.7910.85151.36134.12
31-Mar-2226.764.33162.17144.93
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

Softsol India Buyback 2022 Documents

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Company Contact Information

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/

Softsol India Buyback 2022 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: soft.sol.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Softsol India Buyback 2022 Manager

Lead Manager(s)

  1. Akasam Consulting Private Limited

Registered Broker

  1. RLP Securities Private Limited
    Email: rlpsecurities@yahoo.com

Find Softsol India Buyback 2022 Latest Update

Softsol India Buyback 2022 FAQs

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 DateMarch 3, 2023
Buyback Closing DateMarch 17, 2023
Last Date for receipt of Tender FormsMarch 17, 2023
Finalisation of Buyback AcceptanceMarch 21, 2023
Last Date for settlment of bidsMarch 23, 2023
Last Date for Extinguishment of SharesMarch 30, 2023

The Softsol India Buyback 2022 is being offered at Rs ₹170 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 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 Shareholders5 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:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 16, 2022 9:20:16 PM
Chittorgarh Team,

Buyback Size: 20,58,824 shares. Please incorporate, after necessary verification. Thank you.
1.10. KAMMA SIVA RAMA KRISHNA     Link|November 26, 2022 8:17:24 PM
IEX Buyback is through the Open Market.
1.11. KAMMA SIVARAMAKRISHNA     Link|January 17, 2023 8:46:34 PM
Record Date is 13/01/2023 but not 23/01/2023. Please correct the particulars to this extent.

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