SoftSol India Limited, an esteemed IT company, provides holistic solutions to clients for the enhancement of their data, business procedures, and enterprise applications.
Employing state-of-the-art technologies like cloud computing, artificial intelligence, and machine learning, SoftSol delivers advanced data analytics solutions coupled with user-centric UX/UI design. The company holds a prominent position as a foremost authority in the realm of reengineering and converting client/server applications into dynamic multi-tier Java/J2EE systems.
Softsol India Ltd. Stock Quote #
- Open: ₹242.00
- High – Low: ₹242.00 – ₹242.00
- Previous Close: ₹246.90
- Total Traded Value: 87
- Updated On: Aug 10, 2023 4:00 PM
Softsol India Buyback 2022 Detail #
| Issue Period | Mar 3, 2023 – Mar 17, 2023 |
| Security Name | Softsol India Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 2,058,824.00 |
| Issue Size (Amount) | ₹35.00 Crores |
| Buyback Price | ₹170 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
Softsol India Buyback 2022 Issue Timetable #
| Last Date to buy shares | Jan 11, 2023 |
| Record Date | Jan 13, 2023 |
| Offer Opens On | Mar 3, 2023 |
| Last Date for receipt of Tender Forms | Mar 17, 2023 |
| Offer Closes On * | Mar 17, 2023 |
| Finalisation of Buyback Acceptance | Mar 21, 2023 |
| Last Date for settlment of bids | Mar 23, 2023 |
| Last Date for Extinguishment of Shares | Mar 30, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date. | 308,824.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date. | 1,750,000.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 27.73 | 7.72 | 140.35 | 123.11 |
| 31-Mar-21 | 26.79 | 10.85 | 151.36 | 134.12 |
| 31-Mar-22 | 26.76 | 4.33 | 162.17 | 144.93 |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 399.00 | 349.95 | 371.61 |
| Oct-2022 | 389.60 | 366.45 | 378.66 |
| Sep-2022 | 381.30 | 341.00 | 364.85 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 398.70 | 346.00 | 371.75 |
| Oct-2022 | 388.00 | 367.95 | 379.02 |
| Sep-2022 | 382.00 | 350.80 | 365.25 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
- The Buyback may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders’ value.
Softsol India Buyback 2022 Documents #
Company Contact Information #
Softsol India Limited
Plot No. 4, Software Units Layout,
Madhapur,
Hyderabad – 500081Phone: + 91-40-4256 8500
Email: cs@softsol.com
Website: https://www.softsol.com/
Plot No. 4, Software Units Layout,
Madhapur,
Hyderabad – 500081Phone: + 91-40-4256 8500
Email: cs@softsol.com
Website: https://www.softsol.com/
Softsol India Buyback 2022 Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: soft.sol.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Softsol India Buyback 2022 Manager #
Lead Manager(s)
- Akasam Consulting Private Limited
Registered Broker
- RLP Securities Private Limited
Email: rlpsecurities@yahoo.com
