Final AR is more than 87.83%. Earned reasonably overall good profit in the shares of R SYSTEMS.
R Systems Buyback 2021
They were incorporated in 1993 as a software consulting firm in the United States. With a focus on delivering quality to all customers, they started the India operations in 1997, by setting up our offshore software development center in Noida, India.
They received strategic investments from Intel Capital and GE Capital in 2001 and 2002. With a backdrop of successful response from ISVs, they underwent a massive transformation in 2006. From offshore software Development Company to global outsourced product Development Company, they revisited their business focus. The remarkable acquisitions at that time included Pune-based Indus Software and Singapore-based ECnet.
During this phase, they strengthened their serviceability by aligning mature quality assessments like CMMI Level 5, ISO: 9001: 2008, PCMM Level 5, and Six Sigma certifications. They also added US-based Web Converse & Europe-based Sento in their list of acquisitions and became a listed member on National Stock Exchange (NSE) and Bombay stock Exchange (BSE)
They began offering services in four major verticals including; Banking & Finance, Telecom & Digital Media, Healthcare, and Manufacturing & Logistics. To further strengthen the Telecom Vertical, we acquired UK-based Computers.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 27 2021|
|Buyback Opening Date:||Sep 20 2021|
|Buyback Closing Date:||Oct 01 2021|
|Buyback Offer Amount:||₹ 30 Cr|
|Date of Board Meeting approving the proposal:||Aug 06 2021|
|Date of Public Announcement:||Aug 06 2021|
|Buyback Offer Size:||10.83%|
|Buyback Number of Shares:||1,333,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 225 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Profit before tax||76||35||63||72||97|
|EPS in Rs||4.33||1.82||4.12||4.83||6.87|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,72,444||1,72,444||1,72,444||1,72,444|
|No. of Shares buyback||293||444||666||888|
Review and Recommendation of R Systems Limited Buyback 2021 by IZ team is: 4/10
[Currently the expected ER is around 5-6% . The good part is the record date is near i.e. 27.08.2021. The stock may move to 225 level as we approach near the record date. If that happens, the AR will be improved significantly. The results of the company for FY20-21 are very good.]
351/400 Accepted for buy back. I rec’d contract note from broker.
AR is better than expected.
Good Acceptance Ratio !!
I received the amount also.
I haven’t received money in my bank account earlier my bank was united bank of India now it’s changed to pnb bank is that the reason my money is stuck ? What’s the procedure I need to follow. I also got mail yesterday from Zerodha that buyback is accepted. Please help
In case it is found impossible to credit the amount to the beneficiary account, the amount will be credited to the account of the broking agent. This might’ve been happened. You may contact over phone/ mail/ in person if within the same station.
Offer Opens On Sep 20, 2021
Offer Closes On Oct 1, 2021
Record Date Aug 27, 2021
Last Date for receipt of Tender Forms Oct 1, 2021
Finalisation of Buyback Acceptance Oct 11, 2021
Last Date for settlment of bids Oct 12, 2021
Last Date for Extinguishment of Shares Oct 19, 2021
SANTOSH SIR / SIVARAMAKRISHNA SIR ,
I had 888 Rsystem shares before the record date . I sold shares recently . Again I bought 888 shares Friday (24th Sept) at Avg price of 211 . Expecting shares will comes to my Demat account on 28th Sept . Can I participate in buy back offer ? . As It is closing on 1st oct 2021 . Please advise . Sorry I asked already once . But there is small doubts of opening and closing date of buy back offier . In my above case . Is share should be there in DP before the opening date of buy back offer ? or before closing date of buy back offer ? . Please advise . Thanks in advance .
You haven’t mentioned whether you have sold the shares after the Record Date n whether you are holding the shares on the Record Date or not. No. of Shares held on record date is the criteria for tendering in Buyback. After record date, you can sell / purchase any number of shares you want to. Yes, you can participate in the buyback on or before 01/10 by tendering even all the shares held on the Record Date. There is no necessity of holding the shares before the opening date of the buyback. Clear?
Thank you Sir . I purchased befor the record date and sold after record date .
Sold some shares @224/-. I will render the balance of shares for buyback depending upon the situation n price. Thank you.
I received email today.
AR=28/400 i.e. 7%
Umeshji, what could be expected?
Yes it is .hope it will touch 225 till the end of sept 21
Let us hope that the Market price for the unaccepted shares will be between Rs.210/- to Rs.220/- and the AR will be not less than 15%. Thank you.
It has already touched Rs.224.40 . I have sold 50% of my holdings @Rs.224/. Good going. All the best to all the investors. Enjoy the fruits of profit.
I purchased 900 @ 195. Before record date. Sold 400 @ 212. After record date .holding 400 for buyback. Ready to sale if received 220 . Before buyback
Selling price @Rs.212/- is quite a reasonable one. If you can sell the unaccepted shares @ not below Rs.215/, it serves the purpose of the buyback of shares. Best of luck and happy investing. Thank you.
Please open page for Star Cement buy back @ 150 via tender route.
Already opened for both the companies.
Pl. Open page for eclerx, buyback @ 3200, tender route
Can we purchase at price 195 for buyback ? It is advisable ? Pl. Guide.
PS Sir/ Madam,
Though I am not having much experience in this regard, I am learnt that the company is a good one and you will definitely be benefitted in the process of buyback. Please go for it.
Bought 500 @ 196
BUY BACK PRICE IS RS 225/
Record date 27/8/2021
Through Tender offer
Quantity of buyback 13,33,000 share
Pray for views/ guidance of Experts as early as possible.
Pray for your kind guidance
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