Nucleus Software Exports Limited Buyback 2024
1. About: Founded in 1986, Nucleus Software Exports Limited is a leading provider of lending and transaction banking products to the global financial services industry. The company is headquartered in Noida, India.
2. Flagship Products: Nucleus Software is renowned for its flagship products,
a) FinnOne Neo : It is a comprehensive loan lifecycle management solution,
b) FinnAxia :provides integrated transaction banking solutions, helping banks manage their operations more efficiently.
3. Business Model: Nucleus Software operates on a product-driven business model, offering specialized software solutions to financial institutions worldwide. The company focuses on product innovation, customer-centric services, and long-term partnerships with clients.
4. Global Reach: Nucleus Software serves clients in over 50 countries across multiple continents, including Asia, Africa, the Middle East, and Europe. The company’s software solutions have been deployed by more than 150 institutions globally.
5. Subsidiaries and Branches: Nucleus Software has multiple subsidiaries and offices across the globe, including locations in Singapore, Japan, the Netherlands, and the United Arab Emirates. These branches and subsidiaries help the company to provide localized support and services to its international clientele.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Sep 03 2024 |
| Buyback Opening Date: | Sep 09 2024 |
| Buyback Closing Date: | Sep 13 2024 |
| Buyback Offer Amount: | ₹ 72.35 Cr. |
| Date of Board Meeting approving the proposal: | Aug 22 2024 |
| Date of Public Announcement: | Aug 22 2024 |
| Buyback Offer Size: | 1.67% |
| Buyback Number of Shares: | 4,48,018 |
| FV: | 10 |
| Buyback Price: | ₹ 1615 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 521 | 514 | 497 | 634 | 826 |
| Expenses + | 427 | 384 | 460 | 478 | 606 |
| Operating Profit | 94 | 129 | 37 | 157 | 220 |
| OPM % | 18% | 25% | 7% | 25% | 27% |
| Other Income + | 37 | 39 | 35 | 34 | 51 |
| Interest | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 14 | 14 | 15 | 19 | 15 |
| Profit before tax | 117 | 154 | 56 | 171 | 256 |
| Tax % | 24% | 23% | 26% | 25% | 25% |
| Net Profit + | 89 | 118 | 41 | 128 | 192 |
| EPS in Rs | 30.64 | 40.62 | 15.28 | 47.73 | 71.56 |
| Dividend Payout % | 29% | 22% | 46% | 21% | 17% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 177320 | 177320 | 177320 | 177320 |
| No. of Shares Buyback | 41 | 62 | 93 | 124 |
| Buyback Profit | 7585 | 11470 | 17205 | 22940 |
| Profit% | 4.28% | 6.47% | 9.70% | 12.94% |
23 Comments
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I think AR for general catagory would be more than reserved catagory.
Quite unlikely.
1 share trick worked here. 2/2 got accepted.
AR in my case is 10/70. Received contract note. Much less than expected.
Any news about AR?
Nucleus software BB is being opened next week. Promoter and its relatives will not participate in the process of this BB. It means Promoter stake will increase. Intention of promoter is to sell to any big FIIs like black stone ,Goldman Sachs, Govt of Singapore or small cap World fund same like NIIT technologies now coforge.
Similarly NIIT technologies promoter sold entirely stake to FIIs after bringing two open offer BB. NIIT technologies now coforge shares increased to Rs 6700 level (now) from 1750 level from 2021. You can check chart .
Similar story’ will happen in nucleus software.If you tender in BB, 100% acceptance ratio possible in rs 1615 per share. Any FIIs will probably take over promoter stake at least double price of present market price.
Don’t confuse. It is games of promoter to enhance its take to get big profit.
Immediately. Target is 2400 in 3 months.
If you tender your shares, you will lost a good opportunity to earn big percentage of profit.
Promoter and its relatives and employees wants to capture your share very cheap price .Later they will sell in very very higher price.
Don’t tender Share in this rate. 3 months back, it’s price was 1812. Those FIIs bought this 1812 level, are fool?
Shares holder are requested to study before trendeing this jewel share in a very cheap price.good luck.
Be remember tender of shares means lose of big opportunity to rean big profit. I m not sebi register expert. It is my personal view. Consult you expert. I m not responsible.
Quite interesting how the other posters below were/are misleading others reg. promotor participation.
I did not pay heed to them, and bought enough shares in the general quota. I will tender shares as I need the money, but will hold on to whatever is left after the buyback for future upside.
Santilata ji, what you have stated is purely rubbish. The share was trading today in the range of 1247-1291.You don’t seem to understand that after participating in buybacks and availing the gain, the same shares can be bought and kept for future sales at the exorbitant price in case of the most unlikely event of FII buying and speculations of many more of similar events.I am not buying your story ofcourse.
ER is 7/125 in my case.
Dates of the Buyback: 9/9 to 13/9
AR: 18/125 in my case.
One of the bad Buybacks to me!
Buyback period between 9 – 13 September
ER :nearly 5.8% (8/137)
Whether one should go for Nucleus BB
RESOLVED FURTHER THAT
Intention letters received from the members of Promoters and Promoter Group of the Company be and are taken on record with regard to participation in the proposed buyback offer by the Company.
Mohsin ji, do you mean Promoters are participating by the above narrative? Will be thankful for a simple yes or no answer. For me it matters a lot in deciding to participate in buybacks.
If I purchase only 01 share, is it mandatory for the company to buy back 01 share as I want small profit only.
Certainly not at all mandatory.
After seeing this phrase in board resolution documents.
Looks yes promoter participating.
Lets wait for experts comments
Thank you for your prompt response.I too felt so.
As per board resolution on 23rd Aug
“RESOLVED FURTHER THAT all of the shareholders of the Company will be eligible to participate in the
Buyback including promoters and promoter group of the Company and their associates who hold Equity
Shares as on the Record Date, persons in control (including such persons acting in concert) who hold
Equity Shares as on the Record Date, except the Promoters & Promoter Groups who have intimated to
not to participate in the proposed buyback;
“
What may be entitlement ratio
Nucleus Software Exports Ltd
Board Meeting – 22-08-2024
Route – Tender offer
Record date – 03-09-2024
Buyback Size – INR 72.35 Cr
Buyback Price – INR 1615
CMP- INR 1455
Proposed buyback Share – 4,48,018
Premium form CMP : 11%
Mkt Cap : 3895 Cr
Promoter Participation : No