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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 PeriodJanuary 3, 2022 - January 14, 2022
Security NameNucleus Software Exports Ltd.
Issue TypeTender Offer
Issue Size (Shares)2,267,400
Issue Size (Amount)₹158.72 Crores
Buyback Price₹700 per share
Face Value₹10 per share
Listing AtBSE, NSE

Nucleus Software Buyback Issue Timetable

Record DateNovember 27, 2021
Offer Opens OnJanuary 3, 2022
Last Date for receipt of Tender FormsJanuary 14, 2022
Offer Closes On *January 14, 2022
Finalisation of Buyback AcceptanceJanuary 20, 2022
Last Date for settlment of bidsJanuary 25, 2022
Last Date for Extinguishment of SharesFebruary 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

Nucleus Software Buyback Rating

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3.8
Rating:Rated 3.8 stars
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Nucleus Software Buyback Reviews

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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

  1. 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)

  1. Corporate Professionals Capital Private Ltd

Registered Broker

  1. 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 DateJanuary 3, 2022
Buyback Closing DateJanuary 14, 2022
Last Date for receipt of Tender FormsJanuary 14, 2022
Finalisation of Buyback AcceptanceJanuary 20, 2022
Last Date for settlment of bidsJanuary 25, 2022
Last Date for Extinguishment of SharesFebruary 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.

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.

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

15. IPO Mitr   I Like It. 5|  Link|November 20, 2021 1:20:51 AM
Nucleus software did not have very good Sep'21 quarter result. Share price was supported by buyback announcement which was already announced before announcement of results.

There is the possibility of +10% share price fall just after the record date. Suggest everyone to consider this possibility and decide accordingly.
15.14. Ganesh Jaiswal     Link|December 2, 2021 12:20:00 PM
KSRK ji,
as per the draft letter of buyback of Nucleus software, it is clearly mentioned that
the Promoter and Promoter Group have expressed their intention vide their letters dated Thursday, September 23, 2021 and Friday, September 24, 2021, to participate in the Buyback and may tender up to an aggregate maximum number of 1,08,710 Equity Shares or such lower number of shares in accordance with the
provisions of the Buyback Regulations/terms of the Buyback. Hence chances of more AR in non retail quota is not feasible.
15.15. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|December 2, 2021 12:29:12 PM
Jaiswal ji,
I believe that the quantum of 1,08,710 shares is very much negligible when compared to around 18.5 lakhs available for buyback in non retail category. If i am wrong, please correct me. I don’t mind even if I am proved wrong. Thank you.
14. Aashish     Link|December 2, 2021 7:28:12 AM
this is cracking like anything
i thought it will crack around 10%, but it cracked 20%

omnicron alone can't be responsible for this, other shares have barely corrected 3-4%

any other idea or explaination

I have taken into account the muted results already(10%)
14.1. KAMMA SIVA RAMA KRISHNA     Link|December 2, 2021 8:39:52 AM
Sir,
Apart from bad results, pandemic situation, Existing bad sentiment of the investors, I find any other reasons.
14.2. KAMMA SIVA RAMA KRISHNA     Link|December 2, 2021 9:37:18 AM
“I find any other reasons” may please be read as “ I find no any other reasons”. Sorry for the inconvenience caused.
13. Ramakrishna Mallipudi     Link|November 22, 2021 8:30:12 PM
@lokes @ksrk ji

I have 200 shares in one account and another 200 shares in another dmat account,

Is it required more than 150 shares for better AR ? Shall I hold as it is ?

Plz guide me
13.5. ramakrishna mallipudi   I Like It. 1|  Link|November 25, 2021 9:06:36 PM
@lokes ji

Thank You Very much..
13.6. lokes   I Like It. 1|  Link|November 26, 2021 4:22:29 PM
@ramkrishna: so you are in retail category from both your accounts.
12. Karthik     Link|November 24, 2021 4:54:17 PM
Guys,
15% is reserved for Retail, but that does not mean it is capped at 15% for Retail.

"Fifteen per cent of the number of securities which the company proposes to buy back or the number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders," says Securities and Exchange Board of India (Buyback of Securities) (Amendment) Regulations, 2012.
12.1. lokes     Link|November 24, 2021 9:49:28 PM
Yes You are right.
11. Suradhayaksha   I Like It. 1|  Link|November 20, 2021 2:35:43 PM
It all depends on are promotes Willing nto participate and how much shares they are going to tender.
Total no. Of shares to be bought back = 2267000 (approx.)
Number of shares with non promoters = 95 lakhs (approx)
So acceptance ratio will be more than 24 percent (theoretically, if promoters do not participate)

And retail portion is minimum 15 percent. If retailers hold more than 15 percent then it's proportional for all.
Here retailers hold more than 15 percent so there is no use of quota as shares offered to retailers will be more than 15 percent of total buyback size.
11.1. Drskbajaj     Link|November 22, 2021 1:40:47 PM
Sorry Retailers ( with less than 2 lakh worth shares) is only 6-7%. So ER will be about 17.5% reserved for retailers.
10. Drskbajaj   I Like It. 1|  Link|November 21, 2021 5:58:55 PM
Based on last annual report as on 31.3.21the expected eligibility ratio for retail shareholders is 17.5% .
If past is any indication the expected Acceptance raio will be about 45% or thereabout.
9. Vishal Verma     Link|November 18, 2021 6:03:11 PM
Can someone check my analysis and validate. It looks like a super arbitrage opportunity.

Total shares      = 29040724
Promoters      = 19627866
Non promoters      = 9412683
Promoters willing to tender      = 107926
Total possible Tender shares      = 9520609 (Non promoters+promoters willing to tender)

For retail

Total buyback shares= 22,67,000      
Retail quota= 3,40,050 (15%)      
Total potential retail shareholders=      53,27,000
Acceptance Possibility (Retail quota/total potential retail shareholders)= 6%
            
For non Retail

Non Retail buyback shares (22,67,000-3,40,050)= 19,26,950      
Total potential non retail shareholders willing to tender= 41,93,609      
Acceptance Possibility = 46%

46% AR is if all the non-retail is participating. In reality it should be much much higher.
Current arbitrage is 18% ( buyback price= 700 CMP= 590)
9.7. lokes   I Like It. 1|  Link|November 20, 2021 1:19:58 PM
@vishal: Shareholders means person holding shares. So can you just re-think on what you are writing:

you have mentioned this in your first para :
Non promoters = 9412683 (means 94 lakh shares with non promoters)

And then you mentioned: Total potential retail shareholders= 53,27,000
means 53 lakh retail shareholders, even if one person holding 2 shares then it would become more than 1 crore shares with retailers and total shares available with non promoters are only 94 lakhs which are for everyone (FII/QIB/retailers etc) so you can just think again logically now. Also you mentioned:

Total buyback shares= 22,67,000
Retail quota= 3,40,050 (15%)
Total potential retail shareholders= 53,27,000
Acceptance Possibility (Retail quota/total potential retail shareholders)= 6%

so why you are dividing no. of shares from shareholders here to get acceptance possibility ? what can't of divide is this. so think before you post.

9.8. lokes   I Like It. 1|  Link|November 20, 2021 1:23:15 PM
And even in the link which you shared , cant you see clearly what is mentioned there:
For Individual share capital upto Rs. 2 Lacs :
No. of shareholder : 39698
No. of fully paid up equity shares held : 5327032

Hope you will realize your mistake now.
8. lokes   I Like It. 3|  Link|November 19, 2021 7:15:48 PM
Since record date is 27th nov (saturday) for this nucleus software, so everyone who buys till 24th nov (wednesday) are eligible to participate in buyback
7. ramakrishna M     Link|November 17, 2021 11:25:54 PM
@sivaramakrishna

if we can buy 200 shares on tomarrow, is it possible to participate in tender process
7.1. KAMMA SIVA RAMA KRISHNA     Link|November 18, 2021 6:15:34 AM
Sir,
Yes. Please go ahead. All the best.
7.2. ramakrishna m     Link|November 18, 2021 9:31:52 AM
thq KSRK, Bought 200 shares @589
6. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 16, 2021 2:27:31 PM
Record Date for Buyback of shares of Nucleus is 27th. Thank you.
6.5. KAMMA SIVA RAMA KRISHNA     Link|November 16, 2021 9:40:06 PM
Sir,
You might have read the comments in the I J Site regarding the participation of the promoter group as just now I have read the analysis of Sumit Jain ji there. I requested him to share the source. Thank you.
6.6. lokes   I Like It. 2|  Link|November 17, 2021 11:37:59 PM
@KSRK: ya i read sumit comments but not on IZ , somewhere else.
Anyways i have seen later his and your comments on IZ too and he seems mentioned wrongly about 15% share numbers/count of retail, that should be from total buyback size not as per total available shares etc.
Anyways i will read more on this and try to understand and will inform in this forum
5. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 17, 2021 10:46:51 AM
The AR in non retail category is likely to be very much as I understand that only 3 promoters are participating in the buyback to the extent of tendering 108710 shares only. Hopefully a very good opportunity to grab. Thank you.
4. KAMMA SIVA RAMA KRISHNA   I Like It. 3|  Link|October 31, 2021 12:38:10 PM
One can purchase the shares of S H KELKAR Co Ltd (Keva) at the CMP for tendering for buyback. Record Date is learnt to be 12/11. CMP is around Rs.158/- and the price of the buyback is Rs. 210/-. You will definitely get a reasonably good profit. I hope that the ER will be around 6% and AR around 13% to 17%. Chances of much downfall in the price of unaccepted shares after the buyback are very less. Thank you.
4.6. Cyberdude     Link|November 5, 2021 7:58:36 PM
can someone give me good website or video to understand how buyback works? also what are this terms like AR and ER?
4.7. lokes   I Like It. 2|  Link|November 11, 2021 12:26:48 AM
@cyberdude: you can check below links:

https://investorzone.in/everything-about-the-buyback-you-want-to-know/

https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/
3. KAMMA SIVA RAMA KRISHNA   I Like It. 2|  Link|November 1, 2021 11:12:57 PM
Admin ji,
Please do the needful for early opening up of the separate pages regarding the buyback of the shares of 1. M P S Ltd 2. S H Kelkar and 3. Aksharchem India Ltd. Thank you.
3.1. lokes   I Like It. 1|  Link|November 2, 2021 2:31:24 AM
@admin: yes definitely please open all respective buyback pages soon like you open for ipos, if you really want to see people discussing actively here also.

Also Please add improvement in buyback discussions as i pointed out previously also of adding mail alert feature in posts like its there in ipo posts so that we get to know via email of replies etc.

i genuinely respect and thankful to KSRK sir who is showing so much of dedication and discipline and posting buyback messages here and supporting others also. I wish aniket sir also joins here actively and provide his views and guidance to others.
3.2. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|November 2, 2021 10:43:40 AM
I am also praying for n eagerly waiting here for the precious views, suggestions and guidance of the great gem Sri Aniket regarding the buyback of the shares. Thank you.
2. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|October 28, 2021 2:46:58 PM
MPS LTD ( Macmillan Publishing Technologies & Service Businesses Limited ) board has approved the Buyback of 9,44,444 shares through Tender route @ Rs.900/- on 27/10/2021.
CMP. Around Rs.705/-
Record Date yet to be announced.
Thank you.
2.2. KAMMA SIVA RAMA KRISHNA     Link|October 28, 2021 8:27:16 PM
Sir,
Today I have purchased some shares @Rs.701/-. Tomorrow I will make two bids @ Rs.691/-and @ Rs. 681/-. Let us see. Though I am not an expert in this regard, I believe that the company is a good one and you will not be disappointed with the price of the unaccepted shares after the buyback. Reasonable amount of profit can be expected. Thank you.
2.3. Unknwon     Link|October 30, 2021 2:01:01 AM
thanks for your feedback
1. lokes   I Like It. 1|  Link|October 19, 2021 1:58:22 PM
As of now, it doesnt look attractive from buyback perspective....if prices come down before record date then can be considered

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