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TeamLease Services is one of India's leading human resource companies offering a range of solutions. The company offers Staffing and Recruiting, payroll process outsourcing, regulatory compliances, assessment, and corporate training services. The company receives 1.5 Lakhs+ Registration Per month.
The company offers job roles such as Accountant, Architect, BPO, Tech Support, Content Writer, SEO/Social media, Engineer (core and non-IT), HR/Admin, Sales Executive, management trainee, Delivery Executive, Chef/Cook, Counsellor among others.
The company has 3,500+ clients and 2.9 lakhs+ traninees/associates.
Issue Period | May 12, 2023 - May 25, 2023 |
Security Name | TeamLease Services Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 327,869 |
Issue Size (Amount) | ₹100.00 Crores |
Buyback Price | ₹3050 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Last Date to buy shares | March 31, 2023 |
Record Date | April 3, 2023 |
Offer Opens On | May 12, 2023 |
Last Date for receipt of Tender Forms | May 25, 2023 |
Offer Closes On * | May 25, 2023 |
Finalisation of Buyback Acceptance | June 2, 2023 |
Last Date for settlment of bids | June 5, 2023 |
Last Date for Extinguishment of Shares | June 12, 2023 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date. | 49,181.00 |
General Category for all other Eligible Shareholders | 1 Equity Shares out of every 60 Fully paid-up Equity Shares held on the Record Date. | 278,688.00 |
Period Ended | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 5,231.57 | 34.98 | |
31-Mar-21 | 1,310.79 | 4,916.18 | 78.47 |
31-Mar-22 | 1,540.41 | 6,499.55 | 39.45 |
Amount in ₹ Crore |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Feb-2023 | 2,570.05 | 2,225.95 | 2,465.23 |
Jan-2023 | 2,584.00 | 2,172.00 | 2,446.89 |
Dec-2022 | 2,598.15 | 2,435.00 | 2,514.93 |
Month | High Price | Low Price | Average Price |
---|---|---|---|
Feb-2023 | 2,594.90 | 2,216.00 | 2,463.17 |
Jan-2023 | 2,585.00 | 2,172.30 | 2,447.11 |
Dec-2022 | 2,586.50 | 2,430.00 | 2,515.89 |
The Buyback is being undertaken for the following reasons:
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TeamLease Services Limited
315 Work Avenue Campus, Ascent Building,
Koramangala Industrial Layout, Jyoti Nivas College
Koramangala, Bangalore-560095
Phone: 91 80 6824 3000
Email: corporateaffairs@teamlease.com
Website: https://www.teamlease.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The TeamLease Services Buyback opens on May 12, 2023, and closes on May 25, 2023.
Last date to be eligible to participate in buyback is March 31, 2023.
The TeamLease Services Buyback is a Tender Offer.
TeamLease Services Buyback Schedule
Buyback Opening Date | May 12, 2023 |
Buyback Closing Date | May 25, 2023 |
Last Date for receipt of Tender Forms | May 25, 2023 |
Finalisation of Buyback Acceptance | June 2, 2023 |
Last Date for settlment of bids | June 5, 2023 |
Last Date for Extinguishment of Shares | June 12, 2023 |
The TeamLease Services Buyback is being offered at Rs ₹3050 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date. | 49,181.00 |
General Category for all other Eligible Shareholders | 1 Equity Shares out of every 60 Fully paid-up Equity Shares held on the Record Date. | 278,688.00 |
The record date for the TeamLease Services Buyback is April 3, 2023.
The issue size of TeamLease Services Buyback is of 327,869 equity shares at ₹3050 per share aggregating upto ₹100.00 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 TeamLease Services 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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