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Nucleus Software Buyback 2024 vs Vls Finance Buyback 2024

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

Buyback Details

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

  Nucleus Software Exports Ltd. Vls Finance Ltd.
Logo Nucleus Software Buyback 2024 Logo Vls Finance Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1615 per share ₹380 per share
Issue Size 4,48,018 shares 33,00,000 shares
Issue Size (Amount) ₹72.35 Crores ₹125.40 Crores
Buyback Ratio
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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.5,65,316
General Category for all other Eligible Shareholders71 Equity Shares out of every 368 Fully paid-up Equity Shares held on the Record Date.27,34,684
Registrar Kfin Technologies Limited Rcmc Share Registry Private Limited
Lead Managers Corporate Professionals Capital Private Ltd New Berry Capitals Private Limited
Necessity of the buyback

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.

Having regards to the healthy cash flows that the Company has been able to consistently generate, the future projected cash flows of the Company and the anticipated funds required for capital expenditure and working capital to meet the expected future growth of the Company, the Buy-back is expected to achieve the following objectives:

  • optimize returns to shareholders;
  • enhance overall shareholders' value; and
  • optimize the capital structure

The Buy Back, which is being implemented through the Tender Offer as prescribed under the SEBI Buy Back Regulations, would involve allocation of 15% of number of Equity Shares that the Company proposes to Buy Back or several Equity Shares entitled as per the shareholding of Small Shareholders, whichever is higher, to Small Shareholders. The Company believes that this reservation of 15% for

The Buyback gives the shareholders holding Equity Shares of the Company the option to either (i) participate and receive cash instead of Equity Shares to be accepted under the Buyback Offer or (ii) choose not to participate and enjoy a resultant increase in their percentage shareholding post-buyback Offer without additional investment.

Buyback Timetable

Nucleus Software Buyback 2024 and Vls Finance Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Nucleus Software Buyback 2024 Buyback record date is Sep 03, 2024. Vls Finance Buyback 2024 Buyback record date is Aug 26, 2024.

  Nucleus Software Exports Ltd. Vls Finance Ltd.
Record Date Sep 03, 2024 Aug 26, 2024
Offer Open Date Sep 09, 2024 Aug 30, 2024
Offer Closure Date Sep 13, 2024 Sep 05, 2024
Last date for receipt of tender forms Sep 13, 2024 Sep 05, 2024
Finalisation of buyback Sep 20, 2024 Sep 12, 2024
Last Date for settlment of bids Sep 23, 2024 Sep 13, 2024
Last Date for extinguishment of shares Oct 03, 2024 Sep 23, 2024

Financial Details and Other Relevent Information

Comparison of Nucleus Software Buyback 2024 and Vls Finance 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.

  Nucleus Software Exports Ltd. Vls Finance Ltd.
Financial

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

Vls Finance Ltd. Financial Information (Restated Consolidated)

Vls Finance Ltd.'s revenue increased by 395% and profit after tax (PAT) rose by 479% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets3,062.833,684.993,068.38
Revenue418.284.4232.34222.18
Profit After Tax324.3355.97210.22221.36
Net Worth1,589.531,111.921,113.75
Reserves and Surplus1,457.981,670.981,313.56
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 337.95 289.05 306.47
Jun-2024 308.60 234.00 267.22
May-2024 297.25 242.05 259.75
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 337.15 291.00 306.45
Jun-2024 309.50 234.00 267.22
May-2024 300.05 241.85 259.80

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