Last updated on May 1, 2023
TeamLease Services Buyback 2023 description – TeamLease Services provides employment-related services. It provides staffing, recruitment, training, payroll processing and regulatory compliance solutions.
Its business segments are:
- General staffing
- Specialized staffing
- HR Services
TeamLease Services Share Buyback 2023 Details
| TeamLease Services Buyback Dates | 12 – 25 May 2023 |
| TeamLease Buyback Price | INR 3,050 per share |
| Market Price on Buyback Approval | INR 2,328.15 per share |
| Buyback Premium on Market Price | 31% |
| Buyback Offer Size (Shares) | 3,27,869 shares |
| Buyback Offer Size (Amount) | INR 100 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
TeamLease Services Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 25 January 2023 |
| Buyback Approval Date | 3 February 2023 |
| Public Announcement of Buyback | 20 March 2023 |
| TeamLease Buyback Record Date | 3 April 2023 |
| Buyback Opening Date | 12 May 2023 |
| Buyback Closing Date | 25 May 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 25 May 2023 |
| Verification Date by the Registrar | 31 May 2023 |
| Return of unaccepted shares by Registrar | 5 June 2023 |
| Extinguishment of accepted shares | 12 June 2023 |
TeamLease Services Buyback 2023 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
TeamLease Services Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/6 | 16.67 |
| General category (for all other Eligible Shareholders) | 1/60 | 1.67 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as of record date.
TeamLease Services Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 5,200.72 | 4,881.46 | 6,479.82 |
| Total Expenses | 5,146.51 | 4,823.55 | 6,382.21 |
| Net income | 34.98 | 78.48 | 39.46 |
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 3,050 |
| Maximum shares for small shareholder (2,00,000/3,050) | 66 shares * |
| Closing price of stock as on 3 February 2023 | INR 2,328.15** |
| Maximum amount invested in buyback (INR 2,328.15 x 66 shares) | INR 1,53,657.9 |
** For simplicity, we have considered price on buyback approval date
TeamLease Services Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 66 | 12 | 12 (100%) | 8,662.2 | 5.64 |
| 66 | 12 | 24 (200%) | 17,324.4 | 11.27 |
| 66 | 12 | 36 (300%) | 25,986.6 | 16.91 |
Registrar of TeamLease Services Buyback 2023
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone:Â +91 40 6716 2222
Email:Â [email protected]
Website: www.kfintech.com
Manager of TeamLease Services Buyback 2023
EDELWEISS FINANCIAL SERVICES LIMITED
6th Floor, Edelweiss House,
Off C.S.T. Road, Kalina, Mumbai 400 098
Tel: +91 22 4009 4400
Email: [email protected]
Website: www.edelweissfin.com
Process to Participate in TeamLease Services 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
What are TeamLease Services buyback dates?
TeamLease Services share buyback opens on 12 May 2023 and closes on 25 May 2023.
Which type of buyback is TeamLease Services buyback offer?
TeamLease Services buyback is a tender offer.
What is TeamLease Services buyback price?
TeamLease Services buyback price is INR 3,050 per share.
What is TeamLease Services’ buyback record date?
TeamLease Services’ buyback record date is 3 April 2023.
How to participate in TeamLease Services share buyback?
TeamLease Services share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
