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Established in 2000, EClerx Services Limited provides process and change management and data analytics services to help other organizations improve their efficiency, productivity, and overall business performance.
The company's products include service offerings in three categories: eClerx Customer Operations, eClerx Digital, and eClerx Markets. The company has more than 3,000 full-time employees dedicated to digital delivery across its five production centers in Mumbai, Pune, Chandigarh, Verona, and Phuket.
eClerx provides customizable services to industries such as finance, telecom, fashion, entertainment, travel, software, and high-tech to drive their business.
The company has a local presence in Mumbai and a global presence in Australia, Canada, Germany, India, Italy, the Netherlands, the Philippines, Singapore, Thailand, the United Kingdom and the United States.
Issue Period | July 9, 2024 - July 15, 2024 |
Security Name | eClerx Services Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 1,375,000 |
Issue Size (Amount) | ₹385.00 Crores |
Buyback Price | ₹2800 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Last Date to buy shares | July 3, 2024 |
Record Date | July 4, 2024 |
Offer Opens On | July 9, 2024 |
Last Date for receipt of Tender Forms | July 15, 2024 |
Offer Closes On * | July 15, 2024 |
Finalisation of Buyback Acceptance | |
Last Date for settlment of bids | July 22, 2024 |
Last Date for Extinguishment of Shares | July 30, 2024 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | N/A | 206,250.00 |
eClerx Services Limited's revenue increased by 10.22% and profit after tax (PAT) rose by 4.61% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 |
Assets | 2,928.97 | 2,287.74 |
Revenue | 2,991.18 | 2,713.85 |
Profit After Tax | 511.73 | 489.18 |
Amount in ₹ Crore |
The Buy-Back is being undertaken, inter-alia, for the following reasons:
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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/
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/
Lead Manager(s)
Registered Broker
The eClerx Services Buyback 2024 opens on July 9, 2024, and closes on July 15, 2024.
Last date to be eligible to participate in buyback is July 3, 2024.
The eClerx Services Buyback 2024 is a Tender Offer.
eClerx Services Buyback 2024 Schedule
Buyback Opening Date | July 9, 2024 |
Buyback Closing Date | July 15, 2024 |
Last Date for receipt of Tender Forms | July 15, 2024 |
Finalisation of Buyback Acceptance | |
Last Date for settlment of bids | July 22, 2024 |
Last Date for Extinguishment of Shares | July 30, 2024 |
The eClerx Services Buyback 2024 is being offered at Rs ₹2800 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | N/A | 206,250.00 |
The record date for the eClerx Services Buyback 2024 is July 4, 2024.
The issue size of eClerx Services Buyback 2024 is of 1,375,000 equity shares at ₹2800 per share aggregating upto ₹385.00 Crores.
The Buy-Back is being undertaken, inter-alia, 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 eClerx Services Buyback 2024 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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