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August 11, 2022 - August 26, 2022

Birlasoft Limited Buyback (Birlasoft Limited Buyback) Detail

Birlasoft offers digital and enterprise technology services. The company offers services including data analytics, digital analytics, IT Transformation, Testing, Application Management, Infrastructure and cloud technology to Banking, Manufacturing, Capital Market, Insurance, Energy and Resources, Life Science and Healthcare companies. Birlasoft has 11,900+ professionals and has a presence in the United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore among other countries.

Birlasoft Limited Buyback Detail

Issue PeriodAugust 11, 2022 - August 26, 2022
Security NameBirlasoft Limited
Issue TypeTender Offer
Issue Size (Shares)7,800,000
Issue Size (Amount)₹390.00 Crores
Buyback Price₹500 per share
Face Value₹2 per share
Listing AtBSE, NSE

Birlasoft Limited Buyback Issue Timetable

Record DateJuly 15, 2022
Offer Opens OnAugust 11, 2022
Last Date for receipt of Tender FormsAugust 26, 2022
Offer Closes On *August 26, 2022
Finalisation of Buyback AcceptanceSeptember 6, 2022
Last Date for settlment of bidsSeptember 7, 2022
Last Date for Extinguishment of SharesSeptember 14, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Million)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 41,965.5 35,747 33,339.6
Profit After Tax 4,636.4 3,208.3 2,243.5
Net Worth 25,830.5 21,799.3 18,924.2

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 390.30 316.35 356.09
May-2022 418.85 336.55 377.49
Apr-2022 501.65 405.20 447.59

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 390.50 316.45 356.16
May-2022 419.10 338.25 377.50
Apr-2022 501.60 405.10 447.64

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Birlasoft Limited Buyback Documents

Birlasoft Limited Buyback Rating

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Birlasoft Limited Buyback Reviews

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Company Contact Information

Birlasoft Limited
Plot No. 35 & 36,
Rajiv Gandhi Infotech Park, Phase 1,
MIDC, Hinjawadi, Pune 411 057

Phone: +91 20 6652 5000
Email: contactus@birlasoft.com
Website: https://www.birlasoft.com/

Birlasoft Limited Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: birlasoft.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Birlasoft Limited Buyback Manager

Lead Manager(s)

  1. Kotak Mahindra Capital Company Limited

Registered Broker

  1. Kotak Securities Limited
    Email: service.securities@kotak.com

Find Birlasoft Limited Buyback Latest Update

Birlasoft Limited Buyback FAQs

The Birlasoft Limited Buyback opens on August 11, 2022, and closes on August 26, 2022.

The Birlasoft Limited Buyback last day to buy is not available as of now.

The Birlasoft Limited Buyback is a Tender Offer.

Birlasoft Limited Buyback Schedule

Buyback Opening DateAugust 11, 2022
Buyback Closing DateAugust 26, 2022
Last Date for receipt of Tender FormsAugust 26, 2022
Finalisation of Buyback AcceptanceSeptember 6, 2022
Last Date for settlment of bidsSeptember 7, 2022
Last Date for Extinguishment of SharesSeptember 14, 2022

The Birlasoft Limited Buyback is being offered at Rs ₹500 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date.

The record date for the Birlasoft Limited Buyback is July 15, 2022.

The issue size of Birlasoft Limited Buyback is of 7,800,000 equity shares at ₹500 per share aggregating upto ₹390.00 Crores.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, 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 Birlasoft Limited 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.


49 Comments

49. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|September 1, 2022 7:10:19 PM
AR 97/510 in my case. Thank you.
49.6. Ou Ai     Link|September 3, 2022 1:00:31 PM
Following got accepted
56/700 (General Category) 8%
76/400 (Retail Category) 19%

@kask
Any idea on lower acceptance ratio by half in General category despite promoters nonparticipation? Thanks
49.7. KAMMA SIVA RAMA KRISHNA     Link|September 3, 2022 9:05:43 PM
Sir,
When the promoters’ stake is considerably higher i.e.,more than 75% and not participating in the buyback, then AR will be reasonably good for General Category. In other cases, AR will be less in General Category. This is my understanding and may tend to go wrong. Thank you for your consideration.
48. Shekhar Srivastava     Link|September 3, 2022 1:38:50 AM
27 shares accepted and remaining got back in account.But amount not yet credited.Is there any timeline for it?
Thanks
48.1. KAMMA SIVA RAMA KRISHNA     Link|September 3, 2022 11:24:53 AM
Sir,
By Monday the amount will be credited to your account. Don’t worry.
47. SmallOne     Link|September 3, 2022 2:35:36 AM
13 out of 66 shraes accetped for buyback and amount redited to bank. But remaining 53 shares NOT credited back to DEMAT.
And now I got message from CDSL that all 66 shares debited on September 2. Anyone else facing this issue? Experts please help.
47.1. KAMMA SIVA RAMA KRISHNA     Link|September 3, 2022 11:22:44 AM
Sir,
When you tender the shares, they will be blocked at the first instance. At the time of finalising the acceptance, all the tendered shares will be debited and then the unaccepted shares will be credited back to the Dmat account normally in a day or two. Please wait till Monday night.
46. Yogesh     Link|September 2, 2022 10:48:54 PM
Tendered 40 share, Got 3500 in bank that means only 7 out of 40 shares accepted 17.5 % in my case
45. SmallOne     Link|September 2, 2022 10:56:02 AM
13 out of 66 shares accepted as per broker's email. When will they credit the amount to bank? and when will they credit the remaining shares back to dmat? Please help.
45.1. AvinashUppalapati     Link|September 2, 2022 5:55:58 PM
I got shares refunded but not received contract note from my broker Prostocks yet and also amount is not credited to bank account
45.2. SmallOne     Link|September 2, 2022 6:35:30 PM
I have received cotract note from zerodha with transaction date as Sep 1 but not received money or the remaining shares in my account. I dont know what to do now.
44. montu parashar     Link|September 2, 2022 8:27:28 AM
How to participate in buyback in prostock demat account.if anyone held account in prostock.
44.1. AvinashUppalapati   I Like It. 1|  Link|September 2, 2022 11:12:38 AM
you need to send email to their support team where they will manually submit shares for buyback
43. Mohsin     Link|September 1, 2022 10:11:53 PM
AR in Bsoft buyback.

23 / 125 shares ( retail 19% )
83 / 1000 shares ( General 8.3% )
207 / 2475 shares ( general 8.36% )
208 / 2490 shares ( general 8.36% )

Really good AR in retails category.

42. Durga     Link|September 1, 2022 5:54:01 PM
Really disappointed.
41. vinodsokli   I Like It. 1|  Link|September 1, 2022 2:00:17 PM
Birla soft buy back
Retail AR 19.2 %
Non retail 8.36 %
41.1. KAMMA SIVA RAMA KRISHNA     Link|September 1, 2022 2:40:37 PM
Sir,
Can you please disclose the source?
41.2. Durga     Link|September 1, 2022 3:43:34 PM
Source?
40. KAMMA SIVA RAMA KRISHNA     Link|August 26, 2022 12:00:15 AM
On observing the bidding particulars, I understand that the AR may be around 12% only in the Retail Category.
40.10. Ayush Jindal     Link|August 31, 2022 9:41:22 PM
Mohsin Ji, visit the below link for the information.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220829-19
40.11. Mohsin     Link|August 31, 2022 10:23:29 PM
Got it thanks.
39. durga prasad reddy     Link|August 30, 2022 10:59:12 PM
Any reference for above post sir
38. Ramesh Mohta     Link|August 29, 2022 2:44:43 PM
I have submitted 150 shares of birlasoft. How much shares will be falling for buy back.
38.1. Durga     Link|August 29, 2022 9:49:14 PM
10 to 15 shares
37. ColdBurger     Link|August 25, 2022 7:36:12 PM
I have tendered in Zerodha few days back but still shares not debited. In case of MOIL it was debit very fast post tendering. Zerodha showing order received. IS same case with other users?
37.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|August 25, 2022 11:55:09 PM
ColdBurger ji,
When you tender the shares, they will be blocked in the first instance. At the time of finalising the acceptance, all the tendered shares will be debited and then the unaccepted shares will be credited back to the Dmat account normally in a day or two.
36. Prasad     Link|August 19, 2022 12:41:18 AM
I have my Birla Soft stocks with PAY TM MONEY.

I am trying to place the BUYBACK order through CDSL's easiest
I am running into an issue. I am unable to see "CM ID" when placing the request in CDSL easiest website. I think I need to add the BO ID of the PAYTM MONEY.
Upon some search I found that BO ID is "1100001000024223". When I enter this BOID as Trusted Account in "Edit Trusted Accounts" , then CDSL throws this error which reads as " Easiest Trusted User Cannot Map CM Early PayIn Acct".

I am struck here at this point. Time is running away. Any help to resolve this issue and move forward would be greatly appreciated. Thank you
35. Hylax     Link|August 12, 2022 11:54:32 AM
Hi all, I got the mail saying that I am eligible to tender 49 shares! What will happen let's say if I tender 100 shares? Will my whole order be rejected including the minimum 49 that I'm eligible or the 49 will go through no matter what and the rest will be sent back to my Demat account?
And how many shares is a reasonable amount to tender as I have 1075 shares in total?
Please help me out. Thanks!!
35.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|August 12, 2022 12:34:00 PM
Hylax ji,
Please tender all the shares held on the Record Date to get the maximum benefit. Generally, acceptance will be more than the entitlement of 49 shares. All the best.
35.2. Hylax     Link|August 12, 2022 12:52:22 PM
Thank you ji!
34. P.K.Tripathi     Link|August 11, 2022 10:27:45 AM
Can some on suggest, I have yet received any e.mail message w.r.t my entitlement of no of shares under buy back.
34.1. MAMU     Link|August 11, 2022 11:05:19 AM
Check here - https://web.linkintime.co.in/Offer/Default.aspx

Enter pan number and you will know about everything regarding buyback.
33. Pranav     Link|August 4, 2022 2:44:27 PM
How is it possible that ER for both small shareholder and General category is exactly the same? Am I missing anything? Never seen such a case in the past.
33.2. BSoft     Link|August 5, 2022 2:58:31 PM
Its 4.6% for general category in mail recieved.
For retail should be higher
33.3. AvinashUppalapati     Link|August 10, 2022 2:47:01 PM
Its because retail shareholder are holding near 15% total shares in the compare
so their reservation and holding are same
32. Jaykishan     Link|August 10, 2022 1:46:06 PM
what is expected AR for granules india limited buyback
record date
23 august
31. Jaykishan     Link|August 10, 2022 1:45:22 PM
What is expected AR in granules india buyback?
30. MAMU   I Like It. 1|  Link|August 5, 2022 11:11:27 PM
👇 Predict AR ? 👇

My guess

If price will stable here around 350-375
Then
Retail - 14% around
General - 18% around
30.1. Mohsin     Link|August 6, 2022 3:53:04 PM
Great if AR comes
14-18-20 %

Holding 5000 shares of Bsoft.

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