Tender Offer | ₹35.00 Crores | Listed at BSE | Fri, Mar 3, 2023 - Fri, Mar 17, 2023
Softsol India Ltd. Buyback is a tender offer for the repurchase of up to 0.21 crore equity shares at a buyback price of ₹170 per share with a face value of ₹10 per share, aggregating to ₹35.00 crores.
The record date for determining eligible shareholders is Jan 13, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Mar 3, 2023 and closes on Mar 17, 2023, with the last date for receipt of tender forms being Mar 17, 2023.
The finalisation of buyback acceptance is expected on Mar 21, 2023, followed by settlement of bids on Mar 23, 2023.
Akasam Consulting Pvt.Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and RLP Securities Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Softsol India Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Mar 3, 2023
Offer Closing Date
Fri, Mar 17, 2023
Buyback Price
₹170 per share
Record Date
January 13, 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 | ||||
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.
| 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:
Softsol India Ltd.
Plot No. 4, Software Units Layout,
Madhapur,
Hyderabad - 500081
Hyderabad, Telangana, 500081
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.
| 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 issue size of Softsol India Buyback 2022 is 20,58,824 equity shares at ₹170 per share aggregating up to ₹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.
