Infobeans Technologies Buyback will open for subscription from 08 June 2021. the company aims for an issue size of ₹10.02 Crores through this buyback issue.
Infobeans Technologies Limited
ITL is engaged in the business of software development services for the web and mobile. The company operates out of two facilities in Indore and Pune. It is one of the leading players offering product engineering, digital transformation, automation engineering solutions, and customized software for clients across the globe. The company caters to the requirements of Data Storage, Media & Publishing, and eCommerce.
Necessity of the Issue
- Distribute surplus cash to the shareholders and enhance overall return to the shareholders.
- Improve Return on Equity and thereby enhance shareholder value in the long term.
Infobeans Technologies Buyback Timetable
| Offer Opens On | Jun 8, 2021 |
| Offer Closes On | Jun 21, 2021 |
| Record Date | May 7, 2021 |
| Last Date for receipt of Tender Forms | Jun 23, 2021 |
| Finalization of Buyback Acceptance | Jun 29, 2021 |
| Last Date for settlement of bids | Jun 30, 2021 |
| Last Date for Extinguishment of Shares | Jul 7, 2021 |
Infobeans Technologies Buyback Details
| Issue Period | Jun 8, 2021 – Jun 21, 2021 |
| Security Name | Infobeans Technologies Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.04 Crores |
| Issue Size (Amount) | ₹10.02 Crores |
| Buyback Price | ₹232 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 2 Equity Shares out of every 19 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 1 Equity Share out of every 64 Equity Shares held on the Record Date. |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 1,254.84 | 1,182.94 | 1,043.89 |
| Profit After Tax | 328.92 | 241.15 | 208.71 |
| Net Worth | 1,769.55 | 1,459.85 | 1,277.24 |
| Reserves and Surplus | 1,529.39 | 1,219.69 | 1,037.08 |
Infobeans Technologies Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: infobeans.buyback@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Infobeans Technologies Limited
Crystal IT Park, STP-I 2nd Floor,
Ring Road, Indore-452 001
Phone: 0731- 7162102
Email: compliance@infobeans.com
Website: https://www.infobeans.com/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing