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eClerx Services Ltd Buyback Offer Dec 2017

Rated 3/5 by Team InvestorGain

Incorporated in 2000, eClerx Services Private Limited (BSE: 532927 | NSE: ECLERX) formerly known as eClerx Services Limited. The company is engaged in IT service providing.The company is portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.

What is the eClerx Services Private ltd share buyback offer?

Dec 19th 2017 - On 22nd Dec 2017 - A meeting of board of directors is scheduled to consider a proposal pertaining to buyback of the fully-paid shares of the company.

Dec 22,2017 - eClerx Services Private ltd Board has approved a proposal for buyback of up to 12.9 lakhs shares at Rs 2000 per share, aggregating Rs 258 Cr.

What is eClerx Services Ltd Buyback details?

Below is the complete details about eClerx Services Ltd Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 258 Cr
Buyback Number of Shares: 12.9 Lakhs
Buyback Price: Rs 2000
Buyback Offer Size (In %): 3.23%
Total Share Capital: Rs 5,343.74 Cr
Face Value: 10 Per Equity Share

Can I Invest today to participate in eClerx Services Ltd buyback offer? No

Y

What are eClerx Services Ltd Buyback Important Dates?

In this section we have covered all important dates related to eClerx Services Ltd 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.

eClerx Services Ltd buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 22nd Dec 2017
Buyback Approval date 22nd Dec 2017
Public Announcement of Buyback 22nd Dec 2017
Record Date 5th Feb 2018
Buyback opens on/Buyback Opening Date 22nd Feb 2018
Buyback closes on/Buyback Closing Date 8th Mar 2018
Cut-off date to receive completed tender forms by Registrar 10th Mar 2018
Cut-off date for verification by the Registrar 12th Mar 2018
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
12th Mar 2018
Last date of settlement of bids on the stock exchange 13th Mar 2018
Last date to return unaccepted shares by Registrar 13th Mar 2018
Last date of extinguishment of Equity Shares 20th Mar 2018

eClerx Services Ltd Share Holding Pattern as of March 2017

Stock Holding table gives a clear picture on retail investor holdings of eClerx Services Ltd 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 25.01%
Promoter-Indian 25.15%
Non-Promoter-Institutions 42.57%
Non-Promoter-Non-Institutions 6.73%

eClerx Services Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 1434.55 per equity share - in such case Max 139 Equity Shares as of Record Date 5th Feb 2018.
  • General category for all Shareholders other than Small Shareholders ("General Category")

eClerx Services Ltd Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 6 Equity Share out of every 47 fully paid-up Equity Share held on the Record Date. 12.77
General Category 6 Equity Share out of every 211 fully paid-up Equity Share held on the Record Date. 2.84%

Post buyback comments eClerx Services Ltd

For eClerx Services Ltd Buyback Offer, Report updated by the manager of buyback -

In general category - response received 760.19, No. of Equity Shares reserved in Buyback was 1096500 where valid bid received for retail category was 8752424 which is 760.19 oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 544.72, No. of Equity Shares reserved in Buyback was 193500 where valid bid received for retail category was 1054035 which is 544.72. Final Acceptance Ratio for Retail Investors was 12.77%.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

eClerx Services Ltd 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 Ltd? How can I apply in eClerx Services Ltd Buyback offer?

Company Contact Information

Sonawala Building,
1st Floor,29 Bank Street,
Mumbai,MH-400023
022-66148301 022-40941000
[email protected]

Registrar Contact Information

Karvy Computershare Private Limited
Karvy Selenium,
Tower- B, Plot No 31 & 32.,
Financial district,
Nanakramguda, Gachibowli,
Hyderabad,
Telangana State, 500032, India.

Last Updated on 2018-10-25T04:04:46+00:00

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User Reviews

2. Sam Jan 19 2018 05:50:28 PM Reply
You have incorrectly mentioned the record date for buyback. It has not yet been announced. Kindly recheck and amend the mistake. Cheers!
1. Ashish Goel Jan 04 2018 03:56:56 PM Reply
Respected Sir,

Thanks for your below reply.

I am a retail/small investor and I want your view on ECLERX SERVICES LTD ongoing buyback offer Dec 2017.

Should I buy this stock at current levels (Rs. 1550/share) and later tender shares under the buyback offer ?

Regards

Ashish
3.1. DR JATIN Jan 09 2018 12:48:08 PM
Yes but mind that acceptance ration basis assumed calcualtion can be around 30 to 33 % for retail investors holding less than 2 lacks of shares;
mind that you do not buy or tender more than 99 shares in a single account/PAN;