₹2,800.00
Buyback price per shareAbout eClerx Services Limited Buyback
EClerx Services Limited provides process and change management and data analytics services to help other organizations improve their efficiency, productivity, and overall business performance.
The company's products include service offerings in three categories:: eClerx Customer Operations, eClerx Digital, and eClerx Markets. The company has more than 3000 full-time employees dedicated to digital delivery across its five production centers in Mumbai, Pune, Chandigarh, Verona, and Phuket.
eClerx provides customizable services to industries such as finance, telecom, fashion, entertainment, travel, software, and high-tech to drive their business.
The company has a local presence in Mumbai and a global presence in Australia, Canada, Germany, India, Italy, the Netherlands, the Philippines, Singapore, Thailand, the United Kingdom and the United States.
eClerx Services Limited Buyback Details
Security Name
eClerx Services LimitedBuyback Price
₹2,800.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Emkay Global Financial Services LtdBuyback Docs
Letter Of OfferIssue Size
1,375,000 (2.8 % of Total number of equity Shares)eClerx Services Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Jul 3, 2024 | Jul 4, 2024 | Jul 9, 2024 | Jul 15, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Jul 15, 2024 | TBA | Jul 22, 2024 | Jul 30, 2024 |
eClerx Services Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 1/6 | 206250 |
| General Category for all other Eligible Shareholders | 10/109 | 1168750 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 2,928.97 | 2,287.74 | -- |
| Net Worth | -- | -- | -- |
| Profit After Tax | 511.73 | 489.18 | -- |
| Total Revenue | 2,991.18 | 2,713.85 | -- |
| Total Borrowing | -- | -- | -- |
How to Participate in eClerx Services Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of eClerx Services Limited Buyback in Demat or physical form as on the record date Jul 4, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jul 9, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Jul 30, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in eClerx Services Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹2,800.00 |
Maximum share for small shareholders (200000/ 2800) | 71.43 share |
Closing price of stock as of 2024-05-16 | ₹2,403.20 |
Maximum amount insted in buyback (₹2,403.20 x 71.42857142857143 shares) | ₹171,657.14 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date May 16, 2024
Expected Profit from the eClerx Services Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹171,657.14 | ₹171,657.14 | ₹171,657.14 | ₹171,657.14 |
No. of Shares Buyback | 23 | 35 | 53 | 71 |
Buyback Profit | 9126 | 13888 | 21030 | 28172 |
Profit% | 5.32% | 8.09% | 12.25% | 16.41% |
eClerx Services Limited Buyback - Necessity of the Objective
The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
The Company believes that the reservation for small shareholders would benefit a large number of public shareholders, who would get classified as small shareholders as per Regulation 2(i)(n) of the Buy-Back Regulations;
The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term;
The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment.
The Buy-Back will help the Company in achieving an optimal capital structure.
eClerx Services Limited Buyback
4th Floor, Express Towers, Nariman Point, Mumbai - 400 021Email: investor@eclerx.com
Phone: +91 22 6614 8301
Website: https://eclerx.com/
Kfin Technologies Limited
Email: eclerx.buyback@kfintech.com
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/
