eClerx Services Buyback 2022 description – The company is in the business of providing process and change management and data analytics services that helps in improving their efficiency, productivity, and overall business performance.
It provides customizable services to various industries like financial industry, telecommuncations, fashion, entertainment, travel, software and hi-tech to power up their businesses.
The company has local presence in Mumbai and global presence across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Thailand, UK, and the USA.
eClerx Services Share Buyback 2022 Details
| Buyback Dates | Coming soon |
| eClerx Services Buyback Price | INR 1,900 per share |
| Buyback Offer Size (Shares) | 15,78,947 shares |
| Buyback offer as % of total shares | 3.11 % |
| Buyback Offer Size (Amount) | INR 300 Crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
eClerx Services Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 10 November 2022 |
| Buyback Approval Date | 10 November 2022 |
| Public Announcement of Buyback | Coming soon |
| eClerx Services Buyback Record Date | Coming soon |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
eClerx Services Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
eClerx Services Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) |
5.47* | |
| General category (for all other Eligible Shareholders) |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
eClerx Services Ltd’s Financial Performance
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 1,195.64 | 1,174.17 | 1,236.79 | 1,571.86 |
| Total Expenses | 885.12 | 946.26 | 862.31 | 1,043.37 |
| Net income | 209.61 | 123.57 | 238.90 | 354.90 |
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 1,900 |
| Maximum shares for small shareholder (2,00,000/1,900) | 106 shares* |
| Closing price of stock as on 10 November 2022 | INR 1,375.20 ** |
| Maximum amount invested in buyback (INR 1,375.20 x 106 shares) | INR 1,45,771 |
** For simplicity, IPO Central has considered price on buyback approval date
eClerx Services Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 106 | 6 | 6 (100%) | 3,148.80 | 2.16 |
| 106 | 6 | 12 (200%) | 6,297.60 | 4.32 |
| 106 | 6 | 18 (300%) | 9,446.40 | 6.48 |
Registrar of eClerx Services Buyback 2022
Phone:
Email:
Website:
Manager of eClerx Services Buyback 2022
Tel. No.:
Email:
Website:
Process to Participate in eClerx 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
When does eClerx Services share buyback offer open?
eClerx Services share buyback opens on NA 2022 and closes on NA 2022.
Which type of buyback is eClerx Services buyback offer?
eClerx Services buyback is a tender offer.
What is eClerx Services buyback price?
eClerx Services buyback price is INR 1,900 per share.
What is eClerx Services buyback record date?
eClerx Services buyback record date is NA 2022.
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