Nucleus Software Exports Limited is an end-to-end financial products and services providing company that deals in providing lending and transaction banking products and services. Incorporated in the year 1986, major products of the company include Lending, Transactional Banking, Business Analytics, and other financial products. The services offered by the company include Professional, Application, and Financial Infrastructure related services.
The company has two main flagship products namely, FinnOne, which deals in end-to-end business lending solutions; and FinnAxia, which deals in providing integrated global transactions banking solutions for corporate banks for more than 200 institutions across 50 countries all over the world.
Nucleus Software Buyback Details
Nucleus Software Limited, on 24th September 2021, approved the proposal of a buyback of around 23 lakh equity shares representing a portion of 7.81% of the total paid up capital of the company. The following table gives the details of the buyback along with its timetable:
Nucleus Software Buyback Timetable
| Date of Announcement | 24th September 2021 |
| Record Date | 27th November 2021 |
| Offer Open Date | 3rd January 2022 |
| Offer Close Date | 14th January 2022 |
| Finalization of Buyback Acceptance | 20th January 2022 |
| Last Date of Extinguishment of Shares | 1st February 2022 |
Nucleus Software Buyback Details
| Offer Period | 3rd January-14th January 2022 |
| Security Name | Nucleus Software Exports |
| Security Symbol | NSE- NUCLEUSBSE- 531209 |
| Issue Size (Shares) | 22,67,400 Equity Shares |
| Issue Size (Amount) | ₹ 158.72 Cr |
| Offer Type | Tender Offer |
| Buyback Price | ₹ 700 per Equity Share |
| Face Value | ₹ 10 Per Equity Share |
| Listing Exchanges | NSE and BSE |
The price of each share rose by 1.50% and closed at ₹588 per share after the announcement of the approval of the proposal for buyback on 24th September 2021. The share surged 2.65% and closed at ₹580 on the last day of the buyback, 14th January 2022. The share closed at ₹551 on 19th January 2022.
Buyback Ratio
| Reserved Category for Small Shareholders | 19 Shares out of every 123 Equity Shares |
| General Category for all other eligible shareholders | 27 Shares for every 376 Equity Shares |
Objects of Buyback
The notification released by the company states the following objects to be fulfilled by the buyback:
- To distribute the surplus funds to remaining shareholders and thereby increase their returns,
- To improve financial ratios like Earnings per Share, Return on Capital Employed, and Return on Equity by increasing the capital base of the company.
Registrar of Nucleus Software Buyback
KFin Technologies Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Lead Managers for Nucleus Software Buyback
Corporate Professionals Capital Private Limited
D-28, South Extension Part-1, New Delhi-110049, India
Contact person: Ms. Anjali Aggarwal
Phone: 011-40622230/40622200/40622219;
Email: [email protected]
Website: https://www.corporateprofessionals.com/
Final Words
The above-mentioned details are regarding the Nucleus Software Ltd Buyback that is scheduled for 12 days starting from 3rd January till 14th January 2022. The buyback price is set at ₹700 per share sold. In addition to this, the buyback also has a special category for small shareholders. We hope that the provided information was useful for your knowledge. Until then, Happy Investing!
