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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.
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 |
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 |
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. |
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 |
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 |
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 |
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.
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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/
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/
Lead Manager(s)
Registered Broker
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.
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.
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There is the possibility of +10% share price fall just after the record date. Suggest everyone to consider this possibility and decide accordingly.