Infobeans Technologies Buyback

Infobeans Technologies Buyback Details

Spread the love

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 OnJun 8, 2021
Offer Closes OnJun 21, 2021
Record DateMay 7, 2021
Last Date for receipt of Tender FormsJun 23, 2021
Finalization of Buyback AcceptanceJun 29, 2021
Last Date for settlement of bidsJun 30, 2021
Last Date for Extinguishment of SharesJul 7, 2021

Infobeans Technologies Buyback Details

Issue PeriodJun 8, 2021 – Jun 21, 2021
Security NameInfobeans Technologies Limited
Issue TypeTender Offer
Issue Size (Shares)0.04 Crores
Issue Size (Amount)₹10.02 Crores
Buyback Price₹232 per share
Face Value₹10 per share
Listing AtNSE

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders2 Equity Shares out of every 19 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders1 Equity Share out of every 64 Equity Shares held on the Record Date.

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
Total Income1,254.841,182.941,043.89
Profit After Tax328.92241.15208.71
Net Worth1,769.551,459.851,277.24
Reserves and Surplus1,529.391,219.691,037.08

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

Company Contact Information

Infobeans Technologies Limited
Crystal IT Park, STP-I 2nd Floor,
Ring Road, Indore-452 001
Phone: 0731- 7162102

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

Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *