Team Lease Services Ltd Buyback 2023
i. Founded in 2002, it is one of the largest staffing company in India. A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 17 lakh people over the last 17 years and has 2 lakh+ open jobs every day. One of India’s fastest growing employers. TeamLease also operates India’s first Vocational University and fastest growing PPP National Apprenticeship Program. The company offers solutions to large, medium and small clients across the 3Es of Employment (1.5lakh+ associates), Employability (2 lakh+students/trainees) and Ease-of-doing Business (55,000+ compliances).
ii. Business model of Teamlease:
a) Employment provider- Finding a right candidate for the company is always a difficult task and many times invovles lot of opex cost. Therein, Teamlease with their experience provides the facility of staffing solution. They give service as General Staff, & Specialised Staff. Moreover, as a corporate you can also get employee directly from the company’s portal such as Fresherworld, by posting online jobs.
b) Employability- In India, we say most of the today’s youth are not getting jobs as per their education, the reason being, lack of soft skills and aptitude, which is the utmost requirement to get a job in the corporate world. So, here Teamlease with programs/facility such as NETAP, Schollguru, and Teamlease Skills University, trained students to equip themselves for the corporate jobs.
c) Ease of Doing Business- Many times companies are not aware of labour laws, regulatory filing related to EPS/EPF for employees which sometimes results into regulatory compliance issues. Therein , Teamlease provide consultancy service to these companies.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Apr 03 2023 |
| Buyback Opening Date: | May 12 2023 |
| Buyback Closing Date: | May 25 2023 |
| Buyback Offer Amount: | ₹ 100 Cr |
| Date of Board Meeting approving the proposal: | Feb 03 2023 |
| Date of Public Announcement: | Feb 03 2023 |
| Buyback Offer Size: | 1.92% |
| Buyback Number of Shares: | 3,27,869 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 3,050 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Crores) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| Sales | 3,624 | 4,448 | 5,201 | 4,881 | 6,480 |
| Expenses | 3,556 | 4,354 | 5,108 | 4,784 | 6,337 |
| Operating Profit | 69 | 94 | 93 | 97 | 142 |
| OPM % | 2% | 2% | 2% | 2% | 2% |
| Other Income | 16 | 18 | 31 | 32 | -52 |
| Interest | 2 | 5 | 12 | 7 | 4 |
| Depreciation | 9 | 11 | 29 | 34 | 41 |
| Profit before tax | 73 | 96 | 83 | 89 | 46 |
| Tax % | -1% | -2% | 58% | 11% | 13% |
| Net Profit | 73 | 98 | 35 | 78 | 39 |
| EPS in Rs | 42.97 | 57.34 | 20.46 | 45.33 | 22.48 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| (i) Amount Invested in Buyback | 1,53,648 | 1,53,648 | 1,53,648 | 1,53,648 |
| (ii) No.of Shares Buyback | 22 | 33 | 50 | 66 |
| (iii) Buy Back Profit | 15,884 | 23,826 | 36,100 | 47,652 |
| (iv) Profit % | 10.33% | 15.50% | 23.49% | 31.01% |
59 Comments
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Failed to properly assess the upper movement of the price and sold out all the shares @Rs. 2260/- and got out with the loss of Rs. 10400/-. Nowadays, unable to judge properly. Hopefully looking forward for the future Buybacks.
Siva in loss? How?
I finally exit from Teamlease today in profit.
Congratulations. Nowadays, it’s a great achievement.
7 single accounts..
6 accepted out 7 accounts.
Bro How to check acceptance status
I not received Email intimation and kfin technology website Still not showing teamlease share acceptance query
Please tells bro if any other procedure to know acceptance status
Thanks
I got mail from Zerodha like
Contract buyback note.
So i knows it that its accepted.
For single shares if u didn’t get contract note mail thn means single share not accepted.
Of course brother
But I have applied from 5 different pan accounts and not received Email on single account. So I am little confused.
Or it’s really happened that null of my account get acceptance. Then So sad
Which broker ?
Then check Funds statement.
In zerodha i got this.
Net settlement for buyback with settlement number: 2023046 – 3.15rs debit
Date 02/06/2023
Bro today I received Email intimation
4 out of 5 ac were successful
It seems that AR for retail will be ER + 1 only due to next fractional share…. Because all single shares not accepted
Thank you Kedia Ji. AR = ER in my case (6/40).
Can someone pls share the acceptance ratio. Thanks.
15/88 in my case. AR and ER are the same.
Thank you Siva garu. Same with me. AR = ER (6/40).
Infact it is less 15% AR to be precise.
I shares accepted on lottery basis
My all 1 share accepted in 4 account
Really ?
6 Accepted out of 8
No of orders : 47,531
No of shares : 50,64,756
% no of times : 1544.75%
After looking into bid details, one share strategy might work here.
No of orders : 47,531
Retails quota : 49180 shares
Surely bro
1 SS Work here
Can you please share the link regarding the bidding particulars. Thank you.
Siva garu, please check the following for the bidding details:
http://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=6137
Siva garu, I am trying to post the link but my comment is awaiting moderation.
Pls go to bseindia.com website —> Corporates tab —> Offers list
Thank you,Pavan ji, for your prompt response.
I am unable to find out the latest position of bidding particulars of shares for the buyback. I shall be thankful if someone helps me in this regard by posting the link. Thank you in advance.
Hi Siva garu, please check the following link for the bidding details:
https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=539658&type=OTB&idtype=1&status=L&IPONo=6137&startdt=12/05/2023
https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=539658&IPONo=6137&type=OTB&idtype=1&status=L&startdt=12/05/2023
Thank you, Mohsin Patel ji, for your kind response. I am afraid that the AR may be even less than 10% in Retail Category due to significant number of bids from single share holders.
I wonder how I have mentioned 10% against my thinking of 20%. Anyway, it’s my bad and I have not checked till now. Thank you all for not criticising me harshly.
ER is 17.14 % so AR not less than this ratio.
Looks like in this buyback single share holders not get full benefits like symphony.
Let’s hope it so. No. of Bids are 47,531 whereas the Retail quota were only 49181 shares. So I think that all the single share holders may enjoy the benefit of 100% acceptance. Am I missing something?
Not 100% sure single shares acceptance.
If we compare orders. Thn where ER goes ? Who received 17.14% entitlement If they all only apply ER thn no single acceptance.
Definitely AR will be more than or equal to the ER. We need to wait and watch whether single share strategy works or not. Then the equation of the total number of orders less than the number of Retailer shares available for acceptance will no longer be valid (which is working till date).
With better quarterly results this share price has gone up today. I am relieved that I could sell at a premium and escape with out loss
Latest news regarding Team Lease Services Buyback
Buyback opening date: 12/5/2023
Buyback closing date: 25/5/2023
Last day of Settlement: 05/06/2023
Entitlement Ratio available.
1 out of 6 shares
ER ratio : 17.14%
Sir, Where didi you find that? I haven’t received any mail.
Document available on BSE announcement.
What could be the possible ER and AR in this buyback?
Record Date is 03/4/2023. All the best to all of you.
I’m not expecting more than 20%-30% AR in this buyback.
Is it gut feeling or calculated figure
Agar single share tender karna he aur first come first serve work karta he to kon si broking company me fayda he any idea please answer …
Team lease Buyback.
Price : 3050rs
Size : 100cr
Tender Route.
Brother
What’s Fare price to buy for buyback in your opinion.
I mean are you expecting a 3 to 5 % dip from here or not till record dt.
Regarding Teamlease buyback
TRIVENI turbine AR 87.8%
VERY GOOD RETURNS
Unbelievable
Yes. 26/30 for me. Hope Triveni engg also give similar returns.
Sumit ji,
What is your opinion on this buyback? Can we try? Please enlighten me.
That is regarding Sportking India limited
Please go through forum on moneycontrol. Com
As per that expectations of AR around 75c
% but MC report says bearish in future
Buyback update.
Name : Sportking india
Price : 950rs
Amount : 55.10cr
Size : 4.37%
Tender route.
Cmp : 706
Record date : 10 February
take 1 share for buyback
Yes done in 6 accounts