January 3, 2022 - January 14, 2022

Nucleus Software Exports Ltd. Buyback (Nucleus Software Buyback) Detail

Incorporated in 1986, Nucleus Software Exports Limited provides lending and transaction banking products and services. Major products of the company include - Lending, Transaction Banking, Digital channels, Business Analytics, and Financial Inclusion products. Company services include - Professional, Application, and Managed Infrastructure Services.

The company has two flagship products:

FinnOne - an end-to-end solution for Lending Businesses.

FinnAxia - an integrated global transaction banking solution for corporate banks.

The company's software supports the operations of more than 200 Financial Institutions across 50 countries serving retail lending, corporate banking, cash management, mobile and internet banking, automotive finance, and other business areas.

Nucleus Software Buyback Detail

Issue Period	January 3, 2022 - January 14, 2022
Security Name	Nucleus Software Exports Ltd.
Issue Type	Tender Offer
Issue Size (Shares)	2,267,400
Issue Size (Amount)	₹158.72 Crores
Buyback Price	₹700 per share
Face Value	₹10 per share
Listing At	BSE, NSE

Nucleus Software Buyback Issue Timetable

Record Date	November 27, 2021
Offer Opens On	January 3, 2022
Last Date for receipt of Tender Forms	January 14, 2022
Offer Closes On *	January 14, 2022
Finalisation of Buyback Acceptance	January 20, 2022
Last Date for settlment of bids	January 25, 2022
Last Date for Extinguishment of Shares	February 1, 2022

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	19 Equity shares out of every 123 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	27 Equity shares out of every 376 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)
	30-Sep-21	31-March-21	31-March-20	31-March-19
Total Income	2,179.6	4,909.9	5,079.5	4,370.5
Profit After Tax	145.6	1,120.4	1,022.2	756.3
Net Worth	6,394.2	6,469.4	5,418.6	4,701.3
Reserves & Surplus	6,103.8	6,179.0	5,128.2	4,410.9

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	611.35	574.05	586.15
Sep-2021	623.00	514.20	583.20
Aug-2021	698.05	514.05	594.63

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2021	611.75	574.40	587.17
Sep-2021	623.35	514.15	587.67
Aug-2021	699.00	513.65	599.21

Necessity of the Issue

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

Nucleus Software Buyback Documents

Letter of Offer

Nucleus Software Buyback Rating

3.8

Rating:

Vote Here ...

Nucleus Software Buyback Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Nucleus Software Exports Ltd.
A-39, Sector-62,
Noida,
Uttar Pradesh - 201307

Phone: + 91-120-4031400
Email: investorrelations@nucleussoftware.com
Website: https://www.nucleussoftware.com/

Nucleus Software Buyback Registrar

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

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

Nucleus Software Buyback Manager

Lead Manager(s)

Corporate Professionals Capital Private Ltd

Registered Broker

Bharat Bhushan Equity Traders Limited
Email: dp@bharatbhushan.com

Find Nucleus Software Buyback Latest Update

Nucleus Software Buyback FAQs

The Nucleus Software Buyback opens on January 3, 2022, and closes on January 14, 2022.

The Nucleus Software Buyback last day to buy is not available as of now.

The Nucleus Software Buyback is a Tender Offer.

Nucleus Software Buyback Schedule

Buyback Opening Date	January 3, 2022
Buyback Closing Date	January 14, 2022
Last Date for receipt of Tender Forms	January 14, 2022
Finalisation of Buyback Acceptance	January 20, 2022
Last Date for settlment of bids	January 25, 2022
Last Date for Extinguishment of Shares	February 1, 2022

The Nucleus Software Buyback is being offered at Rs ₹700 per share per equity share.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	19 Equity shares out of every 123 fully paid up Equity shares held on the Record date.
General Category for all other Eligible Shareholders	27 Equity shares out of every 376 fully paid up Equity shares held on the Record date.

The record date for the Nucleus Software Buyback is November 27, 2021.

The issue size of Nucleus Software Buyback is of 2,267,400 equity shares at ₹700 per share aggregating upto ₹158.72 Crores.

Letter of Offer

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 Nucleus Software 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.

55 Comments

35. Niranjan Link|January 14, 2022 1:32:49 PM

How to modify order, How to increase no of shares

35.1. KAMMA SIVA RAMA KRISHNA Link|January 14, 2022 2:42:28 PM

Sir,
Look for modify/ cancel column in the order book and modify your order if it is not already executed. Thank you.

35.2. Ashish Kandpal Link|January 14, 2022 2:49:16 PM

Cancel existing bid and place a fresh bid for increased no of shares but today is the last day

34. drskbajaj Link|January 12, 2022 3:24:43 PM

Where can one check bid details of Nucleus software on NSE site ( like the no of shares tendered so far)

34.1. KAMMA SIVA RAMA KRISHNA

1| Link|January 14, 2022 1:24:23 PM

Sir,
The link is furnished below:
nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active

33. ARJUN'SEYE Link|January 2, 2022 5:19:35 PM

Buyback window yet not available on BSE and NSE

Load more comments (3 replies)

33.4. AvinashUppalapati Link|January 6, 2022 8:48:37 PM

Any body has info?

33.5. KAMMA SIVA RAMA KRISHNA

1| Link|January 13, 2022 9:23:40 PM

NSE LINK to track the status of the tendering of the shares for the buyback of NUCLEUS SOFTWARE is as furnished below: nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active
108% ( 24,47,991 shares tendered against the maximum allowable of 22,67,400 shares) upto 4:00PM of 13/01/22. Only one day is leftover. Thank you n all the best to all of you.

32. Prasen bin Link|January 6, 2022 8:12:59 PM

KAMMA SIVA RAMA KRISHNA sir,
How to start buyback ?
I am new to the stock market. I want to know the how buy back works .

Load more comments (5 replies)

32.1. KAMMA SIVA RAMA KRISHNA

1| Link|January 6, 2022 8:51:42 PM

Sir,
Please go through all the messages in all the pages of the buyback to better understand the topic. Thank you.

32.2. Prasen bin Link|January 6, 2022 8:53:34 PM

Thank you sir

32.3. lokes Link|January 7, 2022 2:16:27 PM

@prasen bin: you can get more info on buyback from here:
https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
https://investorzone.in/everything-about-the-buyback-you-want-to-know/

you need to buy shares upto 2 days before record date (below 2 lakh amount to be under retail category which has 15% reservation so generally more shares are accepted back by company in retail category)
you will get mail from registrar after record date is over for your eligibility and shares holding on record date. you can place order from your broker site for all shares as holded on record date as per mail. In buyback mail, dates will be mentioned for tender period upto which you can tender shares in zerodha. Also read below link info in zerodha. Fir other brokers, you can call them to know how to place order for tendering shares when buyback period opens.
https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back

32.4. Prasen bin Link|January 8, 2022 8:39:53 AM

#lokes , KAMMA SIVA RAMA KRISHNA
I have an account in upstox . Is upstox account eligible for buyback ?
I don't see any buyback section in app.

32.5. Unknwon Link|January 13, 2022 10:09:34 AM

this is what i found for upstox -->

Login into keystone.upstox.com with your client code and backoffice password
Click on “Account” on the top of the header line
Click on “Buy Back/ Turnover” from the drop down
Click on “Apply” and enter the quantity

Submit the request when the buyback date is open. Currently Nucleaus is open for tendering shares....check in your account if it is showing.

32.6. KAMMA SIVA RAMA KRISHNA Link|January 13, 2022 10:30:51 AM

Unknwon ji,
Thank you for your kind consideration to help. As I don’t have any idea regarding the Upstox, I am silent. I once again appreciate your helping attitude. Please keep it up.

32.7. Prasen Ipo Link|January 13, 2022 10:33:42 AM

Thank you all expert . I got my answer with full explanation. Thank you KAMMA SIVA RAMA KRISHNA ji for you kind word.

31. NforNandkishor

1| Link|January 5, 2022 7:20:38 PM

what is the total number of shares I can tender in retail category. Is it 285 ?
because 285X700=1,99,500 ?
or the number of shares based on closing price of record date i.e. 27-Nov-21

Load more comments (4 replies)

31.1. KAMMA SIVA RAMA KRISHNA Link|January 5, 2022 10:11:11 PM

Sir,
As defined under Regulation 2(i)(n) of the Buyback Regulations, a “Small Shareholder” is a Shareholder who holds Equity Shares whose market value, on the basis of closing price on Stock Exchanges as on Record Date, is not more than ₹ 2,00,000/- (Rupees two lakhs only). As on the Record Date, suppose the volume of Equity Shares traded on BSE was 1000 Equity shares and on NSE was 1500 Equity Shares. Accordingly, NSE, being the stock exchange with highest trading volume, the closing price was suppose ₹ 100 and hence all Shareholders holding not more than 2000 Equity Shares ( 2000x100) as on the Record Date are classified as ‘Small Shareholders’for the purpose of the Buyback Offer…..
Hope it is clear now…. Thank you.

31.2. KAMMA SIVA RAMA KRISHNA Link|January 5, 2022 10:51:34 PM

Sir,
Please tender all the shares held on the Record Date. The number of shares held on the Record Date will be known from the mail received regarding intimation of the number of shares entitled for the buyback. Thank you.

31.3. NforNandkishor Link|January 5, 2022 11:11:45 PM

@Kamma Sir, If someone tender more than Rs 2 lakh value shares as per closing price of record date, his application will fall under "General Category" not "Retail Category".
So, the acceptance ratio will be reduced significantly. That is why one should tender shares worth less than 2 lakh as on record date closing price.

31.4. lokes Link|January 6, 2022 1:26:09 AM

@NforNandkishor: retail or general category is not decided based on Value of shares tendering during buyback period but it is decided based on value of shares held on record date....so you can't decide or change your category now :)
It is automatically decided based on shares held on record date. If you sell/add shares after record date then also you will be in same category as per shares held on record date. So if you want to be in general category in any buyback then you need to assure that your holding shares value don't cross 2 lakh on record date.

31.5. lokes Link|January 6, 2022 1:28:52 AM

In the last para, consider it retail category instead of mistakenly mentioned General.
Hope you are clear now on this.

31.6. NforNandkishor

1| Link|January 6, 2022 1:55:39 PM

@lokes & kamma sir , thanks. Now it is clear to me😁

30. sreenath s Link|January 4, 2022 9:59:16 AM

i have 50 shares, i got a mail from nucleus software only 7 shares are accepted. do i tender all my shares or only 7

Load more comments (2 replies)

30.3. KAMMA SIVA RAMA KRISHNA Link|January 5, 2022 2:29:30 PM

Bsc ji,
All the 7 shares will be accepted.

30.4. bsc Link|January 5, 2022 9:45:49 PM

Thanks a lot sirji...You seem one of the coolest person to talk on this forum...High regards.

29. Earthking Link|January 4, 2022 7:02:12 PM

Not able to see Nucleus Buyback details in HDFC sec and IDBI capital buyback dash board ...
Does anyone able to see in other brokerage dash boards

29.1. lokes Link|January 4, 2022 9:35:07 PM

in zerodha , its visible same like other buybacks.

29.2. Girish Tiwari Link|January 4, 2022 9:50:49 PM

Icicidirect is showing it

28. lokes

1| Link|January 4, 2022 9:43:57 PM

Just to inform everyone, this buyback is only applicable at NSE, not at BSE.
Regarding broker etc i have no idea how they will manage, or why its not showing, best is to call them and ask. In zerodha, it is showing for tender.

27. lokes

2| Link|November 26, 2021 4:29:06 PM

I bought 100 shares today at 543 rs to bring down my average and to sell in open market in short term since I believe share price will increase once buyback tender period will open. I will add more on further falls

Load more comments (13 replies)

27.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 26, 2021 7:16:35 PM

Lokes ji,
All the best n Good luck. I am sure that you will be benefitted with your strategy. Thank you.

27.2. AvinashUppalapati Link|November 28, 2021 7:18:51 PM

It's better wait till some more time rather than adding at current time.
I am holding star cement also and doesnt want to add more unless market stabilizes.
It will unnecessarily block funds if we cant get market correct. My own thoughts

27.3. lokes

1| Link|November 28, 2021 7:32:38 PM

@avinash: Star cement and nucleus both are completely different share and sector. Star cement was already not performing well from long time before buyback But nucleus was not like that and it is from IT sector where growth is there. No one can predict where any share fall/rise will end so I added at 543 since already fall a lot from 610 recent high and I didn't bought all in one shot for average, I can add more on further falls.

27.4. lokes Link|November 30, 2021 11:59:10 AM

i will add again today second time around 50-100 shares.
its going too much down which is completely surprising and unpredictable, no other share usually fallen that much, like recently eclerx buyback in same sector.

27.5. Aaashish Link|December 24, 2021 4:14:26 PM

@lokes

I do understand your rationale and even i considered adding when it went down to 540 levels. However, as i believed that it would fall by 10% due to unfavorable result, selling pressure and volaile market conditions, I didn't add .

Also when i compared it with peers, I found Sasken better than nucleus.

Kindly do the analysis from your end as well regarding Sasken and if you also feel the same, I believe it will be beeter if you shift your position from nucleus to Sasken

27.6. lokes Link|December 28, 2021 1:07:13 PM

My strategy worked here looks like. My avg price is 568 rs after averaging it.
Today it gave good upmove, and probably i will be able to sell my remaining shares above 568 which will not be accepted in buyback (some before tendering some after tendering period or all before tendering period etc will see).

27.7. Aaashish Link|December 28, 2021 1:38:01 PM

yeah
at-least we will have some profit in this buyback
I didn't average because fundamentally I believe that Sasken is better bet than this although Nucleus also make good software(my friend is suing their product and is happy with their features and after sales service). Moreover, i knew even if i add some shares, I won't be able to tender more than 299( that i help on record date)

@Lokes : what was your motive behind averaging 1) belief that buyback announce ment will push the share higher and you will make some quick bucks 2) portfolio share(long term investment)

27.8. lokes Link|December 28, 2021 1:45:47 PM

@aashish: first one.
No plan to hold this for long term etc. Not convinced here, eclerx is more better than this for holding purpose.

27.9. Aaashish Link|December 28, 2021 2:02:00 PM

@Lokes

okay
I was thinking of averaging when it dipped to 500 because i thought it will at-least go up to 525 - 550 if market stabilizes but i didn't as i had shortage of funds and was fearful of market's volatility(Omnicron)

Good call ( you didn't make a lot of money as you averaged early(543) and not at 500 levels, however, you were able to apply buffet's wisdom here, be greedy when others are fearful)

27.10. lokes

1| Link|December 28, 2021 2:11:05 PM

@aashish: i averaged many times after 543 rs price also with 50 shares each time, as i posted in this thread on 30th nov. added even below 500 too once.
I am holding 578 shares now total at 568 avg price. I just want to be out in some profit from this deal overall and i will handle it properly to have good profit here, i have enough and long experience in buybacks.

27.11. KAMMA SIVA RAMA KRISHNA Link|December 29, 2021 10:56:48 AM

Lokes ji,
As the price touched Rs. 605/-, have you succeeded in selling? I narrowly missed and could not sell. What about you?

27.12. Aaashish Link|December 29, 2021 11:44:48 AM

@kamma ji

why sell it
tender in buyback and get them accepted at 700
assuming, you haven't bought anything after record date

@lokes :

what strategy are you emploing

27.13. KAMMA SIVA RAMA KRISHNA

1| Link|December 29, 2021 6:00:18 PM

Aaashish ji,
Being under small shareholder/ retail category, When you can sell all your holdings @ Rs. 605/-, it will be more beneficial.In this category, AR may be maximum of 40%. 60% shares are to be sold in the open market. Due to the increased number of share holders in this category, there will be pressure for selling and the price may around Rs. 540/- or even less. I hope I have explained you properly.
I placed selling order unfortunately @ Rs.606/- and hence not executed. The price is drastically dropped to Rs.567/-. Yes, I have not purchased any shares after the Record Date. Thank you.

27.14. lokes

1| Link|December 29, 2021 9:11:03 PM

@KSRK: sir today i was out whole day so couldn't check/access much and didn't placed any order so i missed to sell it in today morning. I will check later. Probably this buyback deal will be profitable overall even if i dont sell in open market because if price will move around 600 then acceptance ratio can be good and for remaining shares also it may not fall much. Lets see. Will decide as per further price movements.

27.15. KAMMA SIVA RAMA KRISHNA

1| Link|December 29, 2021 9:45:07 PM

Lokes ji,
Thank you very much for your information n views. All the best.

26. Aashish

1| Link|November 23, 2021 9:57:59 PM

is anyone sure of this info
promoters are not participating in this tender offer and therefore 22 lakh shares will be accepted out of 94 lakhs(approx) ( healthy 24% ER, 30-40% AR)

Load more comments (5 replies)

26.1. lokes

1| Link|November 24, 2021 3:51:07 PM

@aashish: yes it is confirmed whatever you said. Promoters will participate with very few shares so around 22 lakhs will be accepted from around 95 lakhs and acceptance ratio will be around 50%

26.2. Aaashish Link|December 28, 2021 2:04:15 PM

what happened
as per our calculation ER should have been 25%
It is just 15%, why

No of shares remain constant so i don't understand How ER could be reduced

26.3. lokes Link|December 28, 2021 2:13:28 PM

@aashish: ER will be calculated as per total shares available not as per shares available minus promoters shares so it is less but final AR should be good here.

26.4. KAMMA SIVA RAMA KRISHNA Link|December 28, 2021 2:43:26 PM

Aaashish ji,
Lokes may excuse for my intervention to explain in another way.
ER depends upon the number of shares held on the Record Date by the holders whereas AR depends upon the number of shares held on the Record Date and tendered for the buyback. As promoters are not likely to tender/ tendering insignificant number of shares for the buyback,AR will be naturally more in general category. This is my understanding. Thank you.

26.5. lokes Link|December 28, 2021 2:57:10 PM

@KSRK: yes sir, you are right. i was just informing in short ;) :)
you already explained it anyways in my other post, @aashish might have missed to check that.

26.6. Aaashish Link|December 28, 2021 3:02:17 PM

I know and understand the AR point Kama ji

I am wondering how ER was just 15% when as per our calculations it shoudl have been 25%

22 lakh shares will be accepted out of 94 lakhs(approx)
No of shares are constant(94 lakh)
total shares to be accepted is also constant(22 lakh)

so min ER should have been 25%

What am i missing here

26.7. KAMMA SIVA RAMA KRISHNA

1| Link|December 28, 2021 4:04:04 PM

Aaashish ji,
If I am not wrong, you have wrongly arrived at the total number of shares held as approximately 94 lakhs ( I think after excluding the holdings of the promoters ).But you are taking in to account the total number of shares considered for the buyback i.e., approximately 22 lakhs( This includes the holdings of other than the small share holders ). That may be the possible reason for your arriving at 25% which is not in order. I have tried my best to explain. However, I welcome the readers, who can explain it in a better way, to elaborately explain what he misses. Thank you.

25. lokes

2| Link|November 24, 2021 3:56:30 PM

Yesterday i have placed buy order for 300 shares at 586 rs when price was 587 and then i got busy in work and it was my bad luck that only 1 share was bought in that order :) so today i bought at very high avg price of 604 rs for buyback around 300 shares to be in retail category.
Anyways i feel retail acceptance ratio will still be more than general category as i have studied. it can be around similar also. It can be around 50-55% in retail and around 45% in general.

Load more comments (18 replies)

25.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 24, 2021 9:07:37 PM

Lokes ji,
In case of Nucleus, I believe that the acceptance rate will be more in general category due to non/ negligible participation of the promoters in the buyback. Let us wait n see.
However, I agree with you that in general the acceptance rate will be more in the retail category.
Thank you.

25.2. lokes

1| Link|November 24, 2021 9:48:13 PM

@ksrk sir: ya normally we all know that acceptance ratio is more in reserved category, whoever applying in buybacks knows this, I am applying from long time.

But since in this specific nucleus case, many are asking/saying about more AR in general category than retail, so for that only I have done study on various things and based on some factors only I posted my views for nucleus too. As I said there won't be much difference in AR between both categories but retail can still be more and I gave approx numbers too.

25.3. lokes

1| Link|November 24, 2021 11:36:37 PM

@KSRK sir : I am afraid now about tomorrow and day after tomorrow move in this share price, since i bought at high price today and normally shares fall after last purchase date of buyback and on record date :)
i think your purchase price is around 585. Regarding AR, please don't mind from my above message, lets see after tender period, i was just presenting my view based on some factors/studies. Lets hope it will be good for both categories :)

25.4. KAMMA SIVA RAMA KRISHNA

2| Link|November 25, 2021 10:39:28 AM

Lokes ji,
Sometimes our opinions may differ but not our relations. I don’t find any thing wrong in your comment n nothing to feel bad. Thank you.

25.5. AvinashUppalapati Link|November 25, 2021 3:10:38 PM

I have 450 shares at 586 in one account and 34 shares at 582 in one account
As per SEBI guidelines which i read it was saying for retail it will be min 15% or their actual quota whichever is higher.

Lets see how much ER will be given in both categories

25.6. lokes Link|November 25, 2021 3:37:53 PM

As mentioned and expected, it gave more than 6% cut today in price. Hope it holds 550-560 levels.

25.7. KAMMA SIVA RAMA KRISHNA Link|November 25, 2021 6:16:13 PM

Lokes ji,
If the closing price at NSE drops below Rs.563.40 tomorrow, our two accounts will possibly be categorised under retail. Man proposes n God disposes. Waiting for the tomorrow’s announcement of the result of the already written examination in this regard. Thank you.

25.8. lokes Link|November 25, 2021 9:14:56 PM

@KSRK: yes sir and its very much possible now with today closing of 567 rs, lets see tomorrow and lets hope your 355 shares account comes in general category :)

25.9. KAMMA SIVA RAMA KRISHNA Link|November 26, 2021 3:33:53 PM

Closing price is Rs. 539.20. So both accounts will be in the retail shareholders category only. No problem.

25.10. KAMMA SIVA RAMA KRISHNA Link|November 26, 2021 3:37:10 PM

Closing price is Rs. 540.90 So both accounts will be in the retail shareholders category only. No problem.

25.11. lokes

1| Link|November 26, 2021 4:27:09 PM

@kskr: ya it fell a lot again today as even market was very bad. Looks many will come into retail category due to this much price fall in last 2 days whoever bought nearby quantity to come in general category. Let's see how much ER and AR will be now.

25.12. NKJ Link|November 27, 2021 11:16:42 PM

Hello lokes Sir, Kamma Sir,

In general I want to understand, What should be our strategy for share price falls after important dates like ex-record date and tender dates?

Usually price falls on ex date or record date or soon after tender date finish.
I do not participate in buybacks only because of these reasons and don't know how to tackle this.
Please help me understand.

25.13. lokes

1| Link|November 28, 2021 12:25:39 AM

@NKJ: ya price falls usually as per record date etc but it has fallen more this time in nucleus due to market fall added on it and regarding strategy we can't do anything on it, we need to decide as per our buyback profit then remaining shares we can sell on market price if profit is there overall else we can hold considering share movement etc as like in normal secondary market shares.
And we can add more shares also after record date fall to sell in open market when price increase during tender period, it all depends on our conviction about share price movement. Nothing can be sure.

25.14. NKJ

1| Link|November 28, 2021 6:53:16 PM

Thanks lokes,
I want to take part in buybacks but because of same reason i was not sure if after selling left over shares it will overall benefit and how much?
I know it depends on many factors like share price movement, ER, AR etc.
I will take part in couple of buybacks with small quantity and see.

Thanks again.

25.15. lokes

1| Link|December 27, 2021 7:24:43 PM

As i said, retail ER is much better than general category.....
But still ER seems lesser than expected in both categories, lets see how much is converted into AR....

25.16. KAMMA SIVA RAMA KRISHNA

1| Link|December 27, 2021 8:46:49 PM

Sir,
I am not surprised to see that the ER is better in Retail Category than the General Category. ER depends upon the number of shares held on the Record Date by the holders whereas AR depends upon the number of shares held on the Record Date and tendered for the buyback. As promoters are not likely to tender/ tendering insignificant number of shares for the buyback,AR will be naturally more. This is my understanding which may be proved wrong. Experts may enlighten me. Thank you.

25.17. GANESH Link|December 27, 2021 8:56:05 PM

it is only because of promoters and promoters group are participating the buyback. is it possible to change the decision of promoters to participate the buyback after record date?

25.18. DuckkyDuck Link|December 27, 2021 9:01:04 PM

I completely agree with KSRK sir's view. That is 100% correct.
People seemed to got confused at various discussion boards about ER of normal category shareholder(more that 2lac). Please understand this sentence, "promoter doesn't intend to tender their shares".
This means that, promoter is eligible(entitled) to tender their shares. But they will not tender their shares. And thats why in normal category, ER will be far less that reserved category, same as with other BB issues. But the actual AR will be a lot different and more as promoter will not tender their shares.
My expectation is for normal category AR will be around 45-55%.
And for reserved category as ER is quite more that expected ie. 16%, so i expect AR to be around 40-50%

25.19. lokes Link|December 27, 2021 9:05:58 PM

@KSRK: yes sir, ER difference in retail/general and AR difference in retail/general may be different as per you said. Lets see final AR ratio also. And many people who bought to be in general category, came into retail category due to last 2 days great fall in price so due to that, retail participation may be more and final retail AR may be less. Lets see.
Whatever it is, for all of us, lets hope, AR is atleast above 45% for retail category as most of us are in retail category :)

25.20. KAMMA SIVA RAMA KRISHNA

1| Link|December 27, 2021 9:31:15 PM

Lokes ji,
If AR is more than 40% in retail category, it will definitely be treated as reasonably good. But I doubt whether it reaches 40%. I believe that the AR in general category will be more than 50% and may reach even 60%. OK. Let us wait and see. Thank you.

24. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 7:41:06 PM

AR is around 15%.

Load more comments (3 replies)

24.4. GANESH Link|December 27, 2021 8:53:21 PM

is this possible for promoters to change their decision to participation after the record date or not?

24.5. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 8:56:02 PM

Ganesh ji,
Please see my response with reference to the posting of Lokes ji. Thank you.

23. AvinashUppalapati Link|December 27, 2021 6:52:29 PM

Just got email from Kfin

32 shares eligible out of 450 shares available on record date
Its doesnt match up the original expected ER since promoters are not participating in buyback

23.1. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 8:34:33 PM

Sir,
I am still hopeful that AR in your case will be better as your holding of 450 shares is considered under general category. Let us wait and see. Thank you.

22. amit K singh Link|December 27, 2021 7:37:17 PM

Nucleus AR 15%, buyback open 3-Jan to 14-Jan, settlement 25-Jan..

22.1. amit K singh Link|December 27, 2021 7:54:28 PM

sorry typo ER 15%.

21. anonymus Link|December 27, 2021 7:50:51 PM

Got mail for buyback confirmation. It will start on 3rd Jan and will end on 14th Jan.

20. Aaashish

1| Link|December 27, 2021 7:12:54 PM

Tender mail received
Entitlement is 46 out of 299
Approx 16%

19. NKJ Link|December 23, 2021 10:54:08 AM

@Admin ji,
Is there any further updates?
Not getting any info when the offer will open/close.

18. StockTerminator Link|December 8, 2021 10:24:54 AM

501 now, 😞

Load more comments (6 replies)

18.1. lokes Link|December 10, 2021 7:02:09 PM

I feel it should come upto 550 or above, during buyback tendor period.

18.2. KAMMA SIVA RAMA KRISHNA

1| Link|December 11, 2021 3:24:51 PM

Lokes ji,
A very disappointing trend being seen. I am also hopefully looking for the outcome of the buyback. Somehow, I am hesitating a lot to purchase shares for the buyback purpose nowadays and missing them. Earlier, I used to purchase shares with out waiting for a long time. I wonder how I became that much over cautious. Looking forward to enjoy the fruits of benefits soon in the buybacks. Thank you.

18.3. lokes Link|December 13, 2021 6:29:30 PM

@KSRK sir: ya in many buybacks, ER ratio was bad and on top of that share price movement after record date is very un-favourable in many buyback issues. Looks so many new people jumping in buybacks and buying shares only for buyback purpose is also impacting this. That's why also i didn't liked to discuss buybacks much on mainboard ipo's since so many new people will think it as easy money and keep trying here also which will definitely impact on ER/AR.
Whoever already participating from long time and have interests can discuss here also anyways.

18.4. KAMMA SIVA RAMA KRISHNA

1| Link|December 13, 2021 7:42:06 PM

Lokes ji,
As you have rightly mentioned, disappointing AR and sharp downfall in the price of the shares after the Record Date in most of the cases are the main contributing factors for loosing interest in the Buybacks. Thank you for sharing your views.

18.5. Unknwon Link|December 13, 2021 10:33:29 PM

Prices going down drastically is a big concern on almost all the recent buybacks coupled with not-so-encouraging AR. I realized nowadays, we may get 1 chance (like Goldiam or eClerx) or none (like Star Cement) to exit a profitable buyback trade. I will be cautious in upcoming buybacks and will exit given any opportunity on Star & Goldiam.

18.6. KAMMA SIVA RAMA KRISHNA Link|December 14, 2021 9:49:07 AM

Unknwon ji,
Star Cements, Goldiam, Aksharchem, SH Kelkar, Nucleus,……. almost all are not investor friendly. Losses are likely to be accumulated. Please be watchful and participate in the selective buybacks. All the best. Thank you.

18.7. Unknwon

1| Link|December 14, 2021 10:00:06 AM

KVRK Ji

I am green in SHK but Star Cements, Goldiam & Nucleus are big headache now...no worries, its part of the game...

Cheers

18.8. KAMMA SIVA RAMA KRISHNA

2| Link|December 14, 2021 8:31:40 PM

Unknwon ji,
OK. All the best. I once again reiterate that opinions may differ sometimes but relationship will not at any time. Thank you.

17. lokes Link|December 3, 2021 12:37:19 PM

@ADMIN @Team chittorgarh :
Please add "Buyback Issue Timetable" for nucleus software. Record date here already gone as 27th nov.
Same way it is present in sh kelkar and akshar chem buyback pages, it is present, add here in nucleus also.

17.1. lokes Link|December 13, 2021 6:36:15 PM

@ADMIN: can you please add this here. Even in cheviot buyback also its present.

16. Wannabe Value Investor

1| Link|December 4, 2021 12:46:18 PM

Does anyone know approximately when the buyback window will open and close?

Also, who's the lead manager and registrar for this IPO?

16.1. lokes Link|December 13, 2021 6:30:27 PM

probably mail should come in this week for buyback opening and next week it should open i think.

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