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February 3, 2023 - February 16, 2023

eClerx Services Limited Buyback (eClerx Services Buyback 2022) Detail

Founded in 2000, eClerx Services Limited is in the business of providing process and change management and data analytics services that helps other business to improve their efficiency, productivity, and overall business performance.

The Company's products comprise service offerings in three categories named as eClerx Customer Operations, eClerx Digital and eClerx Markets. The company has a team of 3000+ full-time digital delivery employees at the five production hubs in Mumbai, Pune, Chandigarh, Verona, and Phuket.

eClerx provides customizable services to various industries like the financial industry, telecommunications, fashion, entertainment, travel, software and hi-tech to power up their businesses.

The company has local presence in Mumbai and global presence across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Thailand, UK, and the USA.

eClerx Services Buyback 2022 Detail

Issue PeriodFebruary 3, 2023 - February 16, 2023
Security NameeClerx Services Limited
Issue TypeTender Offer
Issue Size (Shares)1,714,285
Issue Size (Amount)₹300.00 Crores
Buyback Price₹1750 per share
Face Value₹10 per share
Listing AtBSE, NSE

eClerx Services Buyback 2022 Issue Timetable

Last Date to buy sharesDecember 23, 2022
Record DateDecember 27, 2022
Offer Opens OnFebruary 3, 2023
Last Date for receipt of Tender FormsFebruary 16, 2023
Offer Closes On *February 16, 2023
Finalisation of Buyback AcceptanceFebruary 23, 2023
Last Date for settlment of bidsFebruary 24, 2023
Last Date for Extinguishment of SharesMarch 1, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.257,143.00
General Category for all other Eligible Shareholders6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.1,457,142.00

Company Financials

eClerx Services Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-201174.17123.571111.31
31-Mar-211230.36238.791182.62
31-Mar-221571.86354.91174.53
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1,494.25 1,297.85 1,395.80
Oct-2022 1,499.45 1,254.15 1,336.66
Sep-2022 1,545.90 1,420.70 1,473.07

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 1,494.90 1,293.00 1,395.38
Oct-2022 1,500.00 1,254.00 1,336.53
Sep-2022 1,545.00 1,420.00 1,472.99

Necessity of the Issue

The Buy Back is being proposed by the company for fulfilling the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  2. The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
  3. The Buy Back will help in achieving an optimal capital structure.

eClerx Services Buyback 2022 Documents

eClerx Services Buyback 2022 Rating

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Company Contact Information

eClerx Services Limited
4th Floor, Express Towers,
Nariman Point,
Mumbai - 400 021

Phone: +91 22 6614 8301
Email: investor@eclerx.com
Website: https://eclerx.com/

eClerx Services Buyback 2022 Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: eclerx.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

eClerx Services Buyback 2022 Manager

Lead Manager(s)

  1. Emkay Global Financial Services Ltd

Registered Broker

  1. Emkay Global Financial Services Limited
    Email: eclerx.buyback@emkayglobal.com

Find eClerx Services Buyback 2022 Latest Update

eClerx Services Buyback 2022 FAQs

The eClerx Services Buyback 2022 opens on February 3, 2023, and closes on February 16, 2023.

Last date to be eligible to participate in buyback is December 23, 2022.

The eClerx Services Buyback 2022 is a Tender Offer.

eClerx Services Buyback 2022 Schedule

Buyback Opening DateFebruary 3, 2023
Buyback Closing DateFebruary 16, 2023
Last Date for receipt of Tender FormsFebruary 16, 2023
Finalisation of Buyback AcceptanceFebruary 23, 2023
Last Date for settlment of bidsFebruary 24, 2023
Last Date for Extinguishment of SharesMarch 1, 2023

The eClerx Services Buyback 2022 is being offered at Rs ₹1750 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date.257,143.00
General Category for all other Eligible Shareholders6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date.1,457,142.00

The record date for the eClerx Services Buyback 2022 is December 27, 2022.

The issue size of eClerx Services Buyback 2022 is of 1,714,285 equity shares at ₹1750 per share aggregating upto ₹300.00 Crores.

The Buy Back is being proposed by the company for fulfilling the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  2. The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value.
  3. The Buy Back will help in achieving an optimal capital structure.

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 eClerx Services 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.


1 Comments

1. Amit     Link|November 21, 2022 4:02:43 PM
Will one share strategy work in this buyback?
1.14. KAMMA SIVARAMAKRISHNA     Link|February 23, 2023 7:36:56 PM
AR IS 25/65 i.e.,nearly 40% in my case. As expected.
1.15. KAMMA SIVARAMAKRISHNA     Link|February 23, 2023 7:47:51 PM
Sorry, it is around 38% as in the previous buyback.

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