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October 18, 2021 - November 1, 2021

eClerx Services Limited Buyback (eClerx Services Limited Buyback) Detail

Incorporated in 2000 eClerx Services provides business process management, automation, and analytics services to several Fortune 2000 enterprises. The company's clients include some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. The company's offerings are categorized into three major divisions - Customer Operations, Digital, and Financial Markets. The company provides critical business operations services to clients operating in industries including financial services, communications, retail, media & entertainment, manufacturing, and high-tech.

eClerx employs 11,000 people across its global sites with delivery centers in the US, India, and Thailand.

eClerx Services Limited Buyback Detail

Issue PeriodOctober 18, 2021 - November 1, 2021
Security NameeClerx Services Limited
Issue TypeTender Offer
Issue Size (Shares)1,063,157
Issue Size (Amount)₹303.00 Crores
Buyback Price₹2850 per share
Face Value₹10 per share
Listing AtBSE, NSE

eClerx Services Limited Buyback Issue Timetable

Record DateSeptember 30, 2021
Offer Opens OnOctober 18, 2021
Last Date for receipt of Tender FormsNovember 1, 2021
Offer Closes On *November 1, 2021
Finalisation of Buyback AcceptanceNovember 8, 2021
Last Date for settlment of bidsNovember 9, 2021
Last Date for Extinguishment of SharesNovember 12, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,367.85 11,741.68 11,956.43
Profit After Tax 2,389.04 1,235.71 2,096.13
Net Worth 12,536.81 11,113.07 13,052.03

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2,395.05 1,977.35 2,214.97
Jul-2021 2,314.00 1,950.00 2,146.70
Jun-2021 1,915.30 1,231.50 1,592.23

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2021 2,392.80 1,951.05 2,212.54
Jul-2021 2,279.80 1,955.00 2,147.26
Jun-2021 1,938.55 1,231.05 1,594.74

Necessity of the Issue

The Buyback aims to:
i) 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.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

eClerx Services Limited Buyback Documents

eClerx Services Limited Buyback Rating

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Rating:Rated 3.6 stars
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eClerx Services Limited Buyback Reviews

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Company Contact Information

eClerx Services Limited
Sonawala Building,
1st Floor, 29 Bank Street,
Fort, Mumbai – 400 023, Maharashtra, India

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

eClerx Services Limited Buyback 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 Limited Buyback 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 Limited Buyback Latest Update

eClerx Services Limited Buyback FAQs

The eClerx Services Limited Buyback opens on October 18, 2021, and closes on November 1, 2021.

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

The eClerx Services Limited Buyback is a Tender Offer.

eClerx Services Limited Buyback Schedule

Buyback Opening DateOctober 18, 2021
Buyback Closing DateNovember 1, 2021
Last Date for receipt of Tender FormsNovember 1, 2021
Finalisation of Buyback AcceptanceNovember 8, 2021
Last Date for settlment of bidsNovember 9, 2021
Last Date for Extinguishment of SharesNovember 12, 2021

The eClerx Services Limited Buyback is being offered at Rs ₹2850 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 74 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 13 Equity Shares out of every 489 fully paid-up Equity Shares held on the Record Date.

The record date for the eClerx Services Limited Buyback is September 30, 2021.

The issue size of eClerx Services Limited Buyback is of 1,063,157 equity shares at ₹2850 per share aggregating upto ₹303.00 Crores.

The Buyback aims to:
i) 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.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

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 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.


15 Comments

15. DSR   I Like It. 1|  Link|November 9, 2021 7:08:17 AM
Waah lokes..bang on..

30% got accepted in my case.hope remaining also give good return in near term
15.5. DHARMENDRA SHARMA     Link|November 15, 2021 5:49:33 PM
Dear lokes jee,
Thank you very much for your advice in eclerex.🙏
15.6. lokes     Link|January 4, 2022 9:37:03 PM
now this eclerx share price touched 2900 in 2 months as i suggested above
14. KAMMA SIVA RAMA KRISHNA   I Like It. 2|  Link|November 8, 2021 5:29:23 PM
29 shares have been accepted for the buyback out of 75 shares tendered. Reasonably good AR. THANK YOU.
14.4. KAMMA SIVA RAMA KRISHNA     Link|November 9, 2021 1:58:09 PM
Sir,
The shares tendered is not the criteria, the shares held as on record date is only considered while accepting. This aspect may please be verified. Thank you.
14.5. lokes     Link|November 10, 2021 1:52:38 PM
@suheelan: how many shares you were having on record date means 30th sept?
it must be more than 2 lakh rs shares that's why you came under general category instead of retail category, so very less shares accepted
13. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 9, 2021 3:35:01 PM
Sold the 46 unaccepted shares @ Rs. 2385.95. Even if the price increases, no regrets. Happy with the earned profit.
13.3. KAMMA SIVA RAMA KRISHNA     Link|November 10, 2021 12:26:50 PM
After 2PM, the shares found hanging in between and on clicking Allocate column, they are credited to my d mat account of icici securities. Then sold.
13.4. lokes     Link|November 10, 2021 1:49:21 PM
today un-accepted shares are visible in zerodha.
Price didn't moved down much means all people are not selling these.
So share can do good in short term. I will hold it upto 2500 around.
12. Unknwon     Link|November 9, 2021 9:44:37 PM
Had bought 1 share each in 3 accounts. All the 3 shares accepted. 1500 profit from 3 accounts. Small but still good.
12.1. lokes     Link|November 10, 2021 12:28:05 AM
Good strategy and good profit with small investment amount :)
11. lokes     Link|November 2, 2021 2:23:46 AM
@KSRK: any idea when we will come to know about final acceptance ratio for eclerx buyback? last date for buyback was 1st nov.
I applied in eclerx buyback after a long time, since you used to keep applying, so may be you have a idea that around how many days after closing, we get to know final acceptance ratio ?
11.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 2, 2021 10:37:00 AM
Sir,
Normally within 10 days after the closing date of the buyback. In this case, I think it is on or before 9/11 as the last date for settlement is 9/11.
Thank you.
11.2. lokes     Link|November 3, 2021 3:18:36 AM
okk thanks.....so during settlement only we will come to know....ya fine, thanks again. i hope it will be 25% at least.
10. lokes     Link|October 16, 2021 1:57:26 AM
@Admin: can you please open new pages for nucleus software and goldiam international buybacks.
10.3. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|October 28, 2021 3:39:32 PM
Sir,
I have placed three orders for purchase at Rs.701/-, Rs. 691/- and Rs. 681/- as the market is crashing down by almost 950 points. I am still in the process of learning and not able to answer your question regarding ER/ AR. Sorry.
10.4. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|October 31, 2021 11:38:13 AM
One can purchase shares of MPS at the CMP for tendering for buyback. You will definitely get a reasonably minimum profit. I hope that the ER will be around 7% and AR around 15%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
9. KUNJAL     Link|October 27, 2021 7:21:38 PM
I have shares in groww app can any one help how can i participate in this buyback
8. REK     Link|October 18, 2021 9:29:57 PM
AniketIAF Ji,
Welcome to buyback discussion page.
8.1. lokes     Link|October 26, 2021 1:56:02 AM
Seems aniket ji is not interested to post in buyback pages
7. Abhi IPO     Link|October 25, 2021 10:16:34 AM
In zerodha buyback order is still in pending stage. Upstox already removed from holdings. Does zerodha place order on last day or am I doing something wrong?
7.1. lokes     Link|October 26, 2021 1:54:52 AM
It will be settled in zerodha on or after 1st Nov....and in zerodha also, shares will be locked after you put for buyback, you can't sell them in open market
6. lokes     Link|October 19, 2021 1:57:33 PM
its not able to sustain above 2300 and all others IT shares are moving so high....due to buyback, prices are controlled it seems..
i am feeling retail acceptance ratio will be around 30%....not more
6.5. KAMMA SIVA RAMA KRISHNA     Link|October 25, 2021 10:48:04 AM
Disastrous blood shed. CMP around Rs.1830/-. Unimaginable n incredible!
6.6. lokes     Link|October 26, 2021 1:52:33 AM
Yes....too much fall in last 3-4 trading days, little bit recovered today from morning fall at day end
5. LearningIPO     Link|October 25, 2021 1:26:15 PM
What is going on? Why such huge drop in price?
4. BSC     Link|October 21, 2021 11:03:29 PM
what is ecpected acceptance ratio here? i sold 50% of my record date holdings already...if i tender balance 50% in buyback i hope they will be accepted...i am told Rsystems had amlost full acceptance
4.2. lokes     Link|October 22, 2021 12:52:55 AM
@BSC: expected acceptance ratio will be around 30% or less....since share price came down a lot during buyback time....and if you are tendering 50% shares then accordingly (proportionately) some extra shares will be accepted other than your entitlement ratio shares
4.3. BSC     Link|October 22, 2021 10:37:02 AM
Thank you all for helping and commenting on my query
3. Sunilbaba     Link|October 19, 2021 7:55:14 PM
Please share if you know about the participation of promoters in share buyback.... Promoters are participating Or not...?
3.1. lokes     Link|October 21, 2021 3:43:00 PM
promoters and members of the promoter group of the company will participate in the buyback
2. lokes     Link|October 14, 2021 4:06:01 PM
hello.....testing message...
since my last message was not posted here
1. lokes     Link|October 14, 2021 2:24:58 PM
if it moves around 2400 or more by next week 18th when buyback will start, then acceptance ratio can be around or more than 50% but if it will keep hovering around 2300 then acceptance ratio for retail wont be more than 30%

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