Last updated on September 5, 2024
Nucleus Software Buyback Record Date is 3 September 2024.Â
Nucleus Software provides lending and transaction banking products to the global financial services industry. As a pioneer in retail and corporate banking software since 1986, their software supports the operations of over 200 financial institutions in more than 50 countries, covering areas such as retail lending, corporate banking, cash management, mobile and internet banking, automotive finance, and other business domains.
Nucleus Software Exports is an Indian IT company specializing in the Banking and Financial Services sector. It provides IT and consultancy services to companies in the banking industry, processing 300,000 daily user logs, USD 200 billion in loan value, and 26 million transactions per day.
The company’s customers include 3 of the top 15 global banks and 3 of the top 10 global automotive finance companies. Other notable customers include Bajaj Finserv, Bangkok Bank, China Bank, DCB Bank, Yes Bank, ICICI Bank, Edelweiss, and others.
Nucleus Software Buyback Record Date, Other Details
| Nucleus Software Buyback Dates | 9 – 13 September 2024 |
| Nucleus Software Buyback Price | INR 1,615 per share |
| Market Price on Buyback Approval | INR 1,422.75 per share |
| Buyback Premium on Market Price | 13.51% |
| Buyback Offer Size (Shares) | 4,48,018 shares |
| Buyback Offer Size (Amount) | INR 72.35 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Nucleus Software Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 19 August 2024 |
| Buyback Approval Date | 22 August 2024 |
| Public Announcement of Buyback | 26 August 2024 |
| Nucleus Software Buyback Record Date | 3 September 2024 |
| Buyback Opening Date | 9 September 2024 |
| Buyback Closing Date | 13 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 13 September 2024 |
| Verification Date by the Registrar | 19 September 2024 |
| Return of unaccepted shares by Registrar | 23 September 2024 |
| Extinguishment of accepted shares | 3 October 2024 |
Nucleus Software Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Nucleus Software Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/50 | 6.0 |
| General category (for all other Eligible Shareholders) | 8/497 | 1.61 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Nucleus Software Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 448.06 | 584.73 | 766.12 |
| Total Expenses | 412.04 | 428.44 | 553.31 |
| Net Income | 42.10 | 130.37 | 185.95 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,615 |
| Maximum shares for small shareholders (2,00,000/1,615) | 124 shares * |
| The closing price of the stock as of 22 August 2024 | INR 1,422.75** |
| Maximum amount invested in buyback (INR 1,422.75 x 124 shares) | INR 1,76,421 |
**Â For simplicity, we have considered the price on the buyback approval date
Nucleus Software Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 124 | 8 | 8 (100%) | 1,538 | 0.87 |
| 124 | 8 | 16 (200%) | 3,076 | 1.74 |
| 124 | 8 | 24 (300%) | 4,614 | 2.62 |
Registrar of Nucleus Software Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222 / 18003094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of Nucleus Software Buyback 2024
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension,
Part I, New Delhi -110049, India
Phone:Â +91 011 4062 2230
Email:Â [email protected]
Website:Â www.corporateprofessionals.com
The Process to Participate in Nucleus Software Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Nucleus Software buyback dates?
Nucleus Software buyback opens on 9 September 2024 and closes on 13 September 2024.
Which type of buyback is Nucleus Software buyback offer?
Nucleus Software buyback is a tender offer.
What is Nucleus Software’s buyback price?
Nucleus Software’s share buyback price is INR 1,615 per share.
What is the Nucleus Software buyback record date?
Nucleus Software buyback record date is 3 September 2024.
How to participate in Nucleus Software share buyback?
Nucleus Software share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
