SoftSol India Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

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Softsol India Buyback

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, machine learning and providing data analytics solutions with intuitive UX/UI design. SoftSol is the leading expert in the area of reengineering and transforming client/server applications to multi-tier Java/J2EE.


Softsol India Buyback 2022 Details

Buyback DatesComing soon
Softsol India Buyback Price INR 170 per share
Buyback Offer Size (Shares)20,58,824 shares
Buyback offer as % of total shares12.24%
Buyback Offer Size (Amount)INR 35 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR per share
Listing AtBSE, NSE

Softsol India Buyback Dates (Timeline)

Board Meeting for Buyback Proposal14 November 2022
Buyback Approval Date14 November 2022
Public Announcement of BuybackComing soon
Softsol India Buyback Record DateComing soon
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Softsol India Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Softsol India Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
56.95*
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern.

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 2019FY 2020FY 2021FY 2022
Total Income23.3327.7326.7926.76
Total Expenses12.3315.1612.2118.49
Net income 5.957.7210.854.33
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 170
Maximum shares for small shareholder (2,00,000/170)1,177 shares*
Closing price of stock as on 14 November 2022INR 157.8 **
Maximum amount invested in buyback (INR 157.8 x 1177 shares)INR 1,85,731
* No. of shares stands to change according to the closing price on record date
** For simplicity, IPO Central
has considered price on buyback approval date

Softsol India Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
1,177671671 (100%)8,1864.41
1,1776711342 (200%)16,3728.82
1,1776712013 (300%)24,55913.22

Registrar of Softsol India Buyback 2022


Phone: 
Email: 
Website:


Manager of Softsol India Buyback 2022


Tel. No.:
Email:
Website:


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


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 stock broker. 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

When does Softsol India share buyback offer open?

Softsol India share buyback opens on NA 2022 and closes on NA 2022.

Which type of buyback is Softsol India buyback offer?

Softsol India buyback is a tender offer.

What is Softsol India buyback price?

Softsol India buyback price is INR 170 per share.

What is Softsol India buyback record date?

Softsol India buyback record date is NA 2022.

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