Last updated on February 27, 2023
SoftSol India Buyback 2022 description – Softsol is an IT firm offering comprehensive solutions to its customers in transforming their data, business processes, and enterprise applications.
The company uses cutting-edge technologies such as cloud, artificial intelligence, and machine learning and provides data analytics solutions with intuitive UX/UI design. SoftSol is the leading expert in reengineering and transforming client/server applications to multi-tier Java/J2EE.
Softsol India Buyback 2022 Details
| Buyback Dates | 3 – 17 March 2023 |
| Softsol India Buyback Price | INR 170 per share |
| Buyback Offer Size (Shares) | 20,58,824 shares |
| Buyback offer as % of total shares | 12.24% |
| Buyback Offer Size (Amount) | INR 35 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Softsol India Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 14 November 2022 |
| Buyback Approval Date | 14 November 2022 |
| Public Announcement of Buyback | 23 December 2022 |
| Softsol India Buyback Record Date | 13 January 2023 |
| Buyback Opening Date | 3 March 2023 |
| Buyback Closing Date | 17 March 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 17 March 2023 |
| Verification Date by the Registrar | 21 March 2023 |
| Return of unaccepted shares by Registrar | 23 March 2023 |
| Extinguishment of accepted shares | 30 March 2023 |
Softsol India Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Softsol India Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 9/11 | 81.82 |
| General category (for all other Eligible Shareholders) | 5/45 | 11.11 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Softsol India Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 23.33 | 27.73 | 26.79 | 26.76 |
| Total Expenses | 12.33 | 15.16 | 12.21 | 18.49 |
| Net income | 5.95 | 7.72 | 10.85 | 4.33 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 170 |
| Maximum shares for small shareholder (2,00,000/170) | 1,177 shares* |
| Closing price of stock as on 14 November 2022 | INR 157.8 ** |
| Maximum amount invested in buyback (INR 157.8 x 1177 shares) | INR 1,85,731 |
** For simplicity, IPO Central has considered price on buyback approval date
Softsol India Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 1,177 | 964 | 964(100%) | 11,760.8 | 6.33 |
| 1,177 | 964 | 1,928(200%) | 23,521.6 | 12.66 |
| 1,177 | 964 | 2,892(300%) | 35,282.4 | 19.0 |
Registrar of Softsol India Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone:Â +914067162222
Email:Â [email protected]
Website: www.kfintech.com
Manager of Softsol India Buyback 2022
AKASAM CONSULTING PRIVATE LIMITED
‘Akasam’ 10-1-17/1/1, level 3 & 4,
Masab Tank, Hyderbad – 500004, Telangana
Tel. No.: +91-40-6644 4999/55
Email: [email protected]
Website: www.akasamconsulting.com
Softsol India Contact Details
Softsol India Limited
Plot No. 4, Software Units Layout,
Madhapur, Hyderabad – 500081,
Telangana, India
Tel: +91 40 42568500
Email: [email protected]
Website: www.softsolindia.com
The process to Participate in Softsol India Share 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. 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 complete document verification, 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
When does Softsol India share buyback offer open?
Softsol India’s share buyback opens on 3 March 2023 and closes on 17 March 2023.
Which type of buyback is Softsol India’s buyback offer?
Softsol India buyback is a tender offer.
What is Softsol India’s buyback price?
Softsol India’s buyback price is INR 170 per share.
What is Softsol India’s buyback record date?
Softsol India’s buyback record date is 13 January 2023.
