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March 14th, 2019: eClerx Services (BSE:532927 | NSE:ECLERX) board has approved a proposal for buyback of up to 17.46 lakhs shares at Rs 1500 per share, aggregating Rs 262 Cr (Buyback Offer Size) which is 4.52% of total paid-up equity share capital.
Below is the complete details about eClerx Services Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 262 Cr |
| Buyback Number of Shares: | 17.46 lakhs |
| Buyback Price: | Rs 1500 |
| Buyback Offer Size (In %): | 4.52% |
| Total Share Capital: | Rs 4404.31 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in eClerx Services buyback offer? No
We recommend low rating for eClerx Services Buyback as acceptance ratio for the retail investor will be below 15%. We rated eClerx Services Buyback as 2.5/5,as the size of buyback is not very high.Lat yerr also eClerx had done buyabck and acceptance ratio was 12.7%. Existing investor must have to take this opportunity to book profit, but this buyback is not for new retail investor.
In this section we have covered all important dates related to eClerx Services Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 14th Mar 2019 |
| Buyback Approval date | 14th Mar 2019 |
| Public Announcement of Buyback | 14th Mar 2019 |
| Record Date | 10th May 2019 |
| Buyback opens on/Buyback Opening Date | 31st May 2019 |
| Buyback closes on/Buyback Closing Date | 14th Jun 2019 |
| Cut-off date to receive completed tender forms by Registrar | 18th Jun 2019 |
| Cut-off date for verification by the Registrar | 19th Jun 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
21st Jun 2019 |
| Last date of settlement of bids on the stock exchange | 24th Jun 2019 |
| Last date to return unaccepted shares by Registrar | 24th Jun 2019 |
| Last date of extinguishment of Equity Shares | 28th Jun 2019 |
Stock Holding table gives a clear picture on retail investor holdings of eClerx Services shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 25.22% |
| Promoter-Indian | 25.33% |
| Non-Promoter-Institutions | 41.16% |
| Non-Promoter-Non-Institutions | 6.13% |
eClerx Services Public Announcement >>Document
eClerx Services Draft Letter of Offer >>Document
eClerx Services Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 11 Equity Share out of every 83 fully paid-up Equity Share held on the Record Date. | 13.26 |
| General Category | 4 Equity Share out of every 99 fully paid-up Equity Share held on the Record Date. | 4.04% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
Announced acceptance ratio is 13.26%, the actual acceptance ratio will go up to 25 to 35%.
For eClerx Services Buyback Offer, Report updated by the manager of buyback -
In general category - response received 603.75%, No. of Equity Shares reserved in Buyback was 1484666 where valid bid received for retail category was 8963705 which is 603.75% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 533.20%, No. of Equity Shares reserved in Buyback was 262000 where valid bid received for retail category was 1396973 which is 533.20%. Final Acceptance Ratio for Retail Investors was 15%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 931.65 (-1.06%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
eClerx Services Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for eClerx Services? How can I apply in eClerx Services Buyback offer?Last Updated on 2019-06-27T22:03:16+00:00
