Nucleus Software Exports Ltd. Buyback
Nucleus Software Buyback 2024
Tender Offer
₹1,615.00
Buyback price per shareAbout Nucleus Software Exports Ltd. Buyback
Nucleus Software Exports Limited provides lending and transaction banking products and services. Major company products include lending, transaction banking, digital channels, business analytics, and financial inclusion products. Company services include - Professional, Application, and Managed Infrastructure Services.
Nucleus Software also provides solutions to customers in the areas of Managed Infrastructure Services and Application Development & Maintenance.
The company has two flagship products:
FinnOne Neo- an end-to-end solution for Loan Lifecycle Management.
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 Exports Ltd. Buyback Details
Security Name
Nucleus Software Exports Ltd.Buyback Price
₹1,615.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Corporate Professionals Capital Private LtdBuyback Docs
Letter Of OfferIssue Size
448,018 (1.67 % of Total number of equity Shares)Nucleus Software Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Sep 2, 2024 | Sep 3, 2024 | Sep 9, 2024 | Sep 13, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 13, 2024 | Sep 20, 2024 | Sep 23, 2024 | Oct 3, 2024 |
Nucleus Software Exports Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 3/50 | 67203 |
| General Category for all other Eligible Shareholders | 8/497 | 380815 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Net Worth | 750.67 | 583.89 | 466.83 |
| Total Assets | 1,114.02 | 874.18 | 736.94 |
| Profit After Tax | 191.6 | 127.79 | 40.91 |
| Reserves And Surplus | 777.44 | 610.66 | 493.6 |
| Total Borrowing | -- | -- | -- |
| Total Revenue | 877.35 | 668.52 | 531.85 |
How to Participate in Nucleus Software Exports Ltd. Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Nucleus Software Exports Ltd. Buyback in Demat or physical form as on the record date Sep 3, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 9, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Oct 3, 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 Nucleus Software Exports Ltd. Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,615.00 |
Maximum share for small shareholders (200000/ 1615) | 123.84 share |
Closing price of stock as of 2024-08-22 | ₹1,422.75 |
Maximum amount insted in buyback (₹1,422.75 x 123.83900928792569 shares) | ₹176,191.95 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 22, 2024
Expected Profit from the Nucleus Software Exports Ltd. Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹176,191.95 | ₹176,191.95 | ₹176,191.95 | ₹176,191.95 |
No. of Shares Buyback | 40 | 61 | 92 | 123 |
Buyback Profit | 7690 | 11727 | 17687 | 23646 |
Profit% | 4.36% | 6.66% | 10.04% | 13.42% |
Nucleus Software Exports Ltd. Buyback - Necessity of the Objective
The Buyback will 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.
The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve a reservation of up to 15% of the Buyback Size for small shareholders. The Company believes that this reservation of up to 15% for small shareholders would benefit a large number of public shareholders, who would get classified as Small Shareholders as defined in the Buyback Regulations.
The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.
The Buyback gives an option to the Eligible Sellers to either choose to participate in the Buyback and receive cash instead of their Equity Shares which are accepted under the Buyback or choose not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment as a result of decrease in the paid-up Equity Share Capital.
Nucleus Software Exports Ltd. Buyback
33-35,, THYAGRAJ NAGAR MARKET, NEW DELHI-110003Email: nsl@nucleussoftware.com
Phone: 91-120-4031400
Website: https://nucleussoftware.com/
Kfin Technologies Limited
Email: nsel.buyback@kfintech.com
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/
