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Ladderup Finance Buyback 2024 vs Nucleus Software Buyback 2024

Comparision between Ladderup Finance Buyback 2024 and Nucleus Software Buyback 2024.

Buyback Details

Ladderup Finance Buyback 2024 is a Tender Offer buyback proposed to list at BSE while Nucleus Software Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Ladderup Finance Ltd. Nucleus Software Exports Ltd.
Logo Ladderup Finance Buyback 2024 Logo Nucleus Software Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹44 per share ₹1615 per share
Issue Size 25,00,000 shares 4,48,018 shares
Issue Size (Amount) ₹11.00 Crores ₹72.35 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders265 Equity Shares out of every 288 Fully paid-up Equity Shares held on the Record Date.3,75,000
General Category for all other Eligible Shareholders177 Equity Shares out of every 428 Fully paid-up Equity Shares held on the Record Date.21,25,000
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders3 Equity Shares out of every 50 Fully paid-up Equity Shares held on the Record Date.67,203
General Category for all other Eligible Shareholders8 Equity Shares out of every 497 Fully paid-up Equity Shares held on the Record Date.3,80,815
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Mark Corporate Advisors Private Limited Corporate Professionals Capital Private Ltd
Necessity of the buyback

The Company is proposing the Buyback to service the equity more efficiently. Additionally, the Company's management strives to increase the value of equity shareholders.
After considering several factors and benefits to the shareholders holding Equity Shares of the Company, the Board decided to approve Buyback of up to 25,00,000 (Twenty Five Lakhs) Equity Shares of face value of 10 (Rupees Ten) each for 44/- (Rupees Forty Four only) per Equity Share for an aggregate amount not exceeding 11,00,00,000 (Rupees Eleven Crores Only) excluding the Transaction Costs, for distributing cash to the eligible shareholders. The Buyback is being undertaken, inter alia, for the following
reasons:
i) The Buyback will help the Company to return surplus funds to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby enhancing the overall return to shareholders;
ii) The Buyback will help the Company to optimise the capital structure;
iii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be bought back, whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who get classified as "small shareholder" as per Regulation 2(1)(n) of the SEBI Buyback Regulations. After accepting the equity shares tendered based on entitlement, equity shares left to be bought back, if any in one category shall first be accepted, in proportion to the equity shares tendered over and above their entitlement in the offer by equity shareholders in that category and thereafter from equity shareholders who have tendered over and above their entitlement in other category.
iv) The Buyback may help in improving financial ratios like earning per share, return on capital employed and return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value; and
v) The Buyback gives an option to the shareholders holding Equity Shares of the Company. They can choose to participate and receive cash instead of Equity Shares to be accepted under the Buyback offer, or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post-buyback offer, without additional investment.

The current Buyback is a capital allocation decision taken to seek a fairer valuation of the Company's stock while improving the Company's Return on Equity and increasing shareholder value in the longer term. The Buyback is being undertaken by the Company after taking into account the strategic and operational cash needs of the Company in the medium term and thereby returning surplus funds to the equity shareholders, which are over and above its ordinary capital requirements and over any current investment plans, in an expedient, effective and cost-efficient manner. The Buyback is being undertaken for the following reasons:

  • The Buyback will 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
  • The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve a reservation of up to 15% of the Buyback Size for small shareholders. The Company believes that this reservation of up to 15% for small shareholders would benefit a large number of public shareholders, who would get classified as "Small Shareholders" as defined in the Buyback Regulations;
  • The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company; and
  • The Buyback gives an option to the Eligible Sellers to either choose to participate in the Buyback and receive cash instead of their Equity Shares which are accepted under the Buyback or choose not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment as a result of decrease in the paid-up Equity Share Capital.

Buyback Timetable

Ladderup Finance Buyback 2024 and Nucleus Software Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ladderup Finance Buyback 2024 Buyback record date is Sep 06, 2024. Nucleus Software Buyback 2024 Buyback record date is Sep 03, 2024.

  Ladderup Finance Ltd. Nucleus Software Exports Ltd.
Record Date Sep 06, 2024 Sep 03, 2024
Offer Open Date Sep 11, 2024 Sep 09, 2024
Offer Closure Date Sep 19, 2024 Sep 13, 2024
Last date for receipt of tender forms Sep 18, 2024 Sep 13, 2024
Finalisation of buyback Sep 24, 2024 Sep 20, 2024
Last Date for settlment of bids Sep 25, 2024 Sep 23, 2024
Last Date for extinguishment of shares Oct 07, 2024 Oct 03, 2024

Financial Details and Other Relevent Information

Comparison of Ladderup Finance Buyback 2024 and Nucleus Software Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Ladderup Finance Ltd. Nucleus Software Exports Ltd.
Financial

Ladderup Finance Ltd. Financial Information (Restated Consolidated)

Ladderup Finance Ltd.'s revenue increased by 13% and profit after tax (PAT) dropped by -200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets99.6779.878.86
Revenue12.6211.1811.69
Profit After Tax-3.93-1.313.65
Net Worth68.0164.3865.66
Total Borrowing11.941.72.08
Amount in ₹ Crore

Nucleus Software Exports Ltd. Financial Information (Restated Consolidated)

Nucleus Software Exports Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,114.02874.18736.94
Revenue877.35668.52531.85
Profit After Tax191.6127.7940.91
Net Worth750.67583.89466.83
Reserves and Surplus777.44610.66493.6
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2024 49.50 40.10 43.38
Jul-2024 51.50 36.04 41.52
Jun-2024 45.00 33.00 37.88

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 1644.95 1368.95 1497.80
Jun-2024 1512.00 1101.55 1299.43
May-2024 1460.00 1144.00 1315.50
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 1645.00 1370.00 1497.60
Jun-2024 1523.40 1104.10 1307.29
May-2024 1474.70 1140.00 1316.19

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