eClerx Services Limited Buyback vs Nucleus Software Buyback

Comparision between eClerx Services Limited Buyback and Nucleus Software Buyback.

Buyback Details

eClerx Services Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Nucleus Software Buyback is a Tender Offer proposed to list at BSE, NSE.

eClerx Services Limited

Nucleus Software Exports Ltd.

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹2850 per share

₹700 per share

Issue Size

10,63,157 shares

22,67,400 shares

Issue Size (Amount)

₹303.00 Crores

₹158.72 Crores

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.

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.

Registrar

Kfin Technologies Limited

Lead Managers

Emkay Global Financial Services Ltd

Corporate Professionals Capital Private Ltd

Necessity of the buyback

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.

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.

Buyback Timetable

eClerx Services Limited Buyback and Nucleus Software Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. eClerx Services Limited Buyback Buyback record date is Sep 30, 2021. Nucleus Software Buyback Buyback record date is Nov 27, 2021.

	eClerx Services Limited	Nucleus Software Exports Ltd.
Record Date	Sep 30, 2021	Nov 27, 2021
Offer Open Date	Oct 18, 2021	Jan 03, 2022
Offer Closure Date	Nov 01, 2021	Jan 14, 2022
Last date for receipt of tender forms	Nov 01, 2021	Jan 14, 2022
Finalisation of buyback	Nov 08, 2021	Jan 20, 2022
Last Date for settlment of bids	Nov 09, 2021	Jan 25, 2022
Last Date for extinguishment of shares	Nov 12, 2021	Feb 01, 2022

Financial Details and Other Relevent Information

Comparison of eClerx Services Limited Buyback and Nucleus Software Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

eClerx Services Limited

Nucleus Software Exports Ltd.

Financial

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

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

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2395.05	1977.35	2214.97
Jul-2021	2314.00	1950.00	2146.70
Jun-2021	1915.30	1231.50	1592.23

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2021	2392.80	1951.05	2212.54
Jul-2021	2279.80	1955.00	2147.26
Jun-2021	1938.55	1231.05	1594.74

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

Compare with others

eClerx Services Limited	Nucleus Software Exports Ltd.
MPS Buyback	Weizmann Buyback
AksharChem India Buyback	MOIL Buyback
S H Kelkar Buyback	MPS Buyback
Nucleus Software Buyback	AksharChem India Buyback
Goldiam International Buyback	S H Kelkar Buyback
Rishiroop Limited Buyback	Goldiam International Buyback
Mahalaxmi Rubtech Buyback	eClerx Services Limited Buyback
Star Cement Buyback	Rishiroop Limited Buyback
Gandhi Special Tubes Limited Buyback	Mahalaxmi Rubtech Buyback
Shriram Pistons & Rings Buyback	Star Cement Buyback

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