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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.
Issue Period | October 18, 2021 - November 1, 2021 |
Security Name | eClerx Services Limited |
Issue Type | Tender Offer |
Issue Size (Shares) | 1,063,157 |
Issue Size (Amount) | ₹303.00 Crores |
Buyback Price | ₹2850 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Record Date | September 30, 2021 |
Offer Opens On | October 18, 2021 |
Last Date for receipt of Tender Forms | November 1, 2021 |
Offer Closes On * | November 1, 2021 |
Finalisation of Buyback Acceptance | November 8, 2021 |
Last Date for settlment of bids | November 9, 2021 |
Last Date for Extinguishment of Shares | November 12, 2021 |
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. |
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 |
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 |
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 |
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.
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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/
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 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 Date | October 18, 2021 |
Buyback Closing Date | November 1, 2021 |
Last Date for receipt of Tender Forms | November 1, 2021 |
Finalisation of Buyback Acceptance | November 8, 2021 |
Last Date for settlment of bids | November 9, 2021 |
Last Date for Extinguishment of Shares | November 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.
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30% got accepted in my case.hope remaining also give good return in near term