Softsol India Limited

(i) Founded in 1993, and headquartered in California’s Silicon Valley, SoftSol is a world-class specialized IT services provider that empowers its customers towards greater efficiency, innovation, compliance, and cost savings.

(ii) SoftSol has a 19+ year history of successfully servicing several customers across multiple industry verticals, giving us the advantage of providing IT business solutions while adopting next generation technology platforms and tools. The Company provides software services and solutions in the areas of e-commerce, supply chain management, business intelligence, customer relationship management and enterprise application integration. The company also provides software for network switching systems, network management systems and embedded systems..

(iii) SoftSol has been a driver in the evolution of IT through Web, SOA, Digital Transformation, Big Data, Cloud and Artificial Intelligence/Machine Learning. Combining fundamental business strategies with bold moves in technology innovation, SoftSol has been assisting organizations such as the Department of Defense, California Department of Justice, Genentech, CalPERS, Cisco, Superior Court of California County of Alameda, and HBO towards leadership in their respective industries.

 

 

 

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Jan 13 2023
Buyback Offer Amount: ₹ 35 Cr
Date of Board Meeting approving the proposal: Dec 21 2022
Date of Public Announcement: Dec 22 2022
Buyback Offer Size: 15.30%
Buyback Number of Shares: 20,58,824
Price Type: Tender Offer
FV: 10
Buyback Price: ₹ 170 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 20,58,824 (Twenty Lakh Fifty-Eight Thousand Eight Hundred Twenty-Four ) equity shares of face value of Rs. 10 of the Company (representing 12.24% of the total number of equity shares in the paid-up share capital of the Company) at a price of ~ 170 (Rupees One Hundred Seventy Only) per equity share payable in cash for an aggregate consideration not exceeding 35 Cr (Rupees Thirty-Five Crore Only).
 

Salient financial parameters:

Particulars ( Fig. In Cr) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Sales + 46 47 44 40 74
Expenses + 40 41 38 31 66
Operating Profit 6 5 7 9 8
OPM % 13% 11% 15% 23% 11%
Other Income + 5 5 6 10 15
Interest 0 0 0 0 1
Depreciation 3 2 3 2 3
Profit before tax 8 8 9 16 20
Tax % 31% 27% 26% 14% 15%
Net Profit 6 6 7 14 17
EPS in Rs 3.41 3.35 4.01 8.22 9.94

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Softsol India Limited Buyback Offer 2022 in  Demat or physical form as on the record date [13-01-2023].
2. Once you have shares in Demat, you can participate in the buyback process which is opening from [To Be Updated] by selling your shares through your broker on NSE or BSE.
3. Then on [To Be Updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account
 

Profit from the buyback on the bases of acceptance Ratio:

Buy 1176 Shares at CPM of Rs 162 (2,00,000/170)
Acceptance Ratio 33% 50% 75% 100%
(i) Amount Invested in Buyback 1,90,512 1,90,512 1,90,512 1,90,512
(ii) No. of Shares buyback 388 588 882 1,176
(iii) Buy Back Profit 3,104 4,704 7,056 9,408
(iv) Profit(%) 1.63% 2.46% 3.70% 4.93%

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