Infobeans Technologies Buyback Review, Offer Details, Price, Dates, Size & more
Last Updated Date: Nov 17, 2022In this article, we will discuss Infobeans Technologies Buyback offer, buyback price, buyback size, Infobeans Technologies Buyback record date, company financial, buyback necessity, and its impact on the company.
To track the real-time share price of this Buyback, click on this link – Infobeans Technologies Share Price
Infobeans Technologies Buyback Details
| Buyback Type | Tender Offer |
| Opening Date | June 08, 2021 |
| Closing Date | June 21, 2021 |
| Buyback Offer Amount | Rs.10,01,58,344 |
| Buyback No. of Shares | 4,31,717 |
| Face Value | Rs.10 |
| Date of Buyback Approval | April 26, 2021 |
| Date of Public Announcement | April 28, 2021 |
| Buy Back Price | Rs.232 |
| Buy Back Premium | 48.58% |
| Date of Board Meeting | April 26, 2021 |
Infobeans Technologies Buyback Opening and Closing Date
The starting and closing date of this buyback are June 08, 2021 and June 21, 2021.
Infobeans Technologies Buyback Cash Offer
The Cash Offer to Buy-back up to 4,31,717 fully paid-up equity shares of the Company of the face value of Rs.10 each, representing 1.80% of the total number of equity shares.
Infobeans Technologies Buyback Record Date
The decided record date of this buyback is May 07, 2021.
Infobeans Technologies Buyback Price
At a price of Rs.232 per Equity Share.
Infobeans Technologies Buyback Size
At a buyback price of Rs.232/- payable in cash for an aggregate consideration not exceeding Rs.10,01,58,344/-.
Infobeans Technologies Buyback Acceptance Query
You can check for the Buyback Acceptance query here. Just click on the given link and it will redirect you to the buyback acceptance query page.
Infobeans Technologies Buyback Acceptance Ratio
Find profit & profit percentage based on various acceptance rates, The profit is calculated based on 1000 shares.
| Acceptance Ratio | Total Shares Accepted | Buyback Price | Buyback Amount | Profit | Profit% |
| 20% | 200 | 232 | 46400 | 5600 | 2.75% |
| 40% | 400 | 232 | 92800 | 11200 | 5.49% |
| 60% | 600 | 232 | 139200 | 16800 | 8.24% |
| 80% | 800 | 232 | 185600 | 22400 | 10.98% |
| 100% | 1000 | 232 | 232000 | 28000 | 13.73% |
Profit is calculated from 06 May 2021 share price i.e. Rs.204 per share of Infobeans Technologies.
According to the above table, if a shareowner applies for 1000 shares of Infobeans Technologies & gets 20% acceptance from the company and the owner with 1000 shares will sell 200 shares @ Rs.232 per share & receive Rs.5600 as profit amount & 2.75% profit percentage on selling these 200 shares back to the company.
Similarly, if the owner gets 60% acceptance of share from the company, the owner will sell 600 shares @ Rs.232 & receive a profit of Rs.16800 @ 8.24% profit percentage.
Infobeans Technologies Buyback Overview
InfoBeans Technologies Limited was incorporated as ‘InfoBeans Software Solutions Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 18, 2011, in Indore, Madhya Pradesh.
The name of the Company was changed to the present name and the Company got listed on EMERGE ITP Platform of National Stock Exchange of India Limited (NSE) on March 31, 2015.
Further, the Company had made an application for delisting of Company from EMERGE ITP Platform of NSE vide letter dated February 01, 2017, and got delisted with effect from March 01, 2017, vide letter no. NSE/LIST/C/2017/0134. The Company got listed on the SME Platform of NSE on May 02, 2017, and was migrated on Main Board of NSE on July 15, 2019.
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Company Finances – Infobeans Technologies
The salient features of the financial information of the Company for last three financial years as at and for the financial year ended March 31, 2021, March 31, 2020, and March 31, 2019 and as at and for the nine months period ended March 31, 2020 on consolidated as well as a standalone basis are given below:
[In Rs. Lakh]
| Particulars | 12 Months period ended March 31 | ||
| 2021 | 2020 | 2019 | |
| Total Income | 12,548.43 | 11,829.45 | 10,438.97 |
| Total Expenses (excluding finance cost, depreciation & amortization) | 8,128.39 | 8,295.30 | 7,790.36 |
| Interest | |||
| Depreciation and amortization expenses | 606.29 | 537.49 | 248.83 |
| Profit before tax | 3,736.96 | 2,928.68 | 2,397.68 |
| Provision for tax (including Deferred Tax) |
447.74 | 517.17 | 310.49 |
| Profit /(Loss) after tax | 3,289.22 | 2,411.51 | 2,087.19 |
| Equity Share Capital | 2,401.56 | 2,401.56 | *2,401.56 |
| Reserve and Surplus | 15,293.97 | 12,196.99 | 10,370.84 |
| Net-worth | 17,695.53 | 14,598.55 | 12,772.40 |
| Total Debt (Excluding working capital loans) | 1,946.00 | 1,411.38 | 402.51 |
Infobeans Technologies Buyback Dates
| Date of Board Meeting approving the Buyback | April 26, 2021 |
| Date of publication of Public Announcement for Buyback | April 28, 2021 |
| Record Date for determining the Buyback Entitlement and the names of Eligible Shareholders | May 07, 2021 |
| Buyback Opening date | June 08, 2021 |
| Buyback Closing date | June 21, 2021 |
| Last date of receipt of the completed tender form and other specified documents | June 23, 2021 |
| Last Date of verification of Tender Forms by the Registrar | June 25, 2021 |
| *Last date of intimation regarding acceptance / non-acceptance of Tendered Equity Shares to the BSE Limited by the Registrar | June 29, 2021 |
| Last date of Settlement of Bids on the BSE Limited | June 30, 2021 |
| *Last date of return of unaccepted Equity Shares by BSE Limited | June 30, 2021 |
| Last date of Extinguishment of Equity Shares | July 07, 2021 |
Details of Public Announcement
In accordance with Regulation 7(i) of the Buyback Regulations, the Company has made the Public Announcement dated April 28, 2021, for the Buyback of Equity Shares published on April 28, 2021 in the following newspapers:
| Publication | Language | Edition |
| Financial Express | English | All India |
| Jansatta | Hindi | All India |
| Raj Express | Hindi | Indore |
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Necessity of Infobeans Technologies Buyback
The Buyback is being undertaken, inter-alia, for the following reasons:
(i) Improving the return on equity, by the reduction in the equity base, thereby leading to a long-term increase in Equity Shareholders’ value.
(ii) Helping the Company to distribute surplus cash to its Equity Shareholders, broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.
(iii) Provides an option to the Equity Shareholders to either (a) participate or receive cash payments in lieu of Equity Shares to be accepted under the Buyback, or (b) not participate and enjoy a resultant increase in their percentage shareholding in the Company, after the Buyback, without any additional investment
(iv) The Buyback, which is being implemented through the tender offer method as prescribed under the Buyback Regulations and SEBI Circulars, would involve an allocation of 15.00% of the Equity Shares that the Company proposes to Buyback to Small Shareholders as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
(v) The Buyback is not likely to cause any material impact on the profitability or earnings of the Company except a reduction in current investments.
Impact of Infobeans Technologies Buyback on the Company
The Company believes that the Buyback is not likely to cause any material impact on the profitability/ earnings of the Company to accept a reduction in the current investments. Assuming there is full response to the Buyback
Company believes that the Buyback will not in any manner impair its ability to pursue growth opportunities or meet its cash requirements for business operations. The Buyback is likely to result in improvement in EPS and enhance the return on equity.
The Buyback is not expected to result in a change in control or otherwise affect the existing management structure of the Company.
Salient financial parameters consequent to the Buyback based on the latest audited standalone financial statements for the period ended on March 31, 2021 are as under:
| Parameter | Pre Buy-back | Post Buy-back (Assuming Full Acceptance) |
| Net worth (Rs in Lakh) | 18,187.26 | 17,185.68 |
| Return on Net worth (%) | 18.68% | 19.71% |
| Earnings Per Share (Rs) | 14.15 | 14.35 |
| Book Value per Share (Rs) | 75.73 | 72.81 |
| P/E as per the latest audited standalone financial statements (NSE) | 12.68 | 12.51 |
| Total Debt / Equity Ratio | 0.1070:1 | 0.1132:1 |
Basis of Calculating Infobeans Technologies Buyback Price
The Buyback Offer Price being ₹232.00 (Rupees Two Hundred and Thirty only) per Equity Share has been arrived at after considering various factors including, but not limited to the trends in the volume-weighted average prices of the Equity Shares on the Stock Exchanges, the net worth of the Company, price-earnings ratio, impact on other financial parameters and the possible impact of Buyback on the EPS.
The Buyback Offer Price represents:
(a) 3 Months Volume Weighted Average Price (VWAP) from the Date of Intimation of Board Meeting to Stock Exchanges w.r.t. Buyback is 156.15
Premium/(Discount) is 48.58%
(b) Closing Price as on Date of Intimation of Board Meeting is Not Traded
Premium/(Discount) is N.A
(c) 52 Week High from the Date of Intimation of Board Meeting is 188.85
Premium/(Discount) is 22.85%
(d) 52 Week Low from the Date of Intimation of Board Meeting is 89.25
Premium/(Discount) is 159.94%
(e) Average of 52 Week High-Low is 139.05
Premium/(Discount) is 66.85%
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Source of Funds for the Buyback
Assuming full acceptance, the funds that would be utilized by the Company for the purpose of the Buyback would be ₹10,01,58,344 excluding the Transaction Costs.
The funds required for the implementation of the Buyback will be sourced from current balances of cash and cash equivalents and/or internal accruals of the Company and/or liquidation of financial instruments held by the Company.
The Company will transfer from its free reserves and/or securities premium account a sum equal to the nominal value of the Equity Shares bought back pursuant to the Buyback to the Capital Redemption Reserve Account and details of such transfer will be disclosed in the subsequent audited financial statements of the Company. Company has neither raised nor does intend to raise additional debt in connection with the Buyback.
Company confirms that the funds for the Buyback will be made available out of its internal accruals and not out of the funds borrowed, if any, from banks and financial institutions.
Infobeans Technologies – Manager to the Buyback
| Buyback Manager Details |
| Sarthi Capital Advisors Private Limited 401, 4th Floor, Manek Plaza, 167, Vidyanagari Marg, Kalina, Santacruz (E), Mumbai – 400 098 Telephone: +91 22 2652 8671/ 72 Email: advisor@sarthiwm.in Website: www.sarthiwm.in Contact Person: Mr. Deepak Sharmaa SEBI Registration No: INM000012011 |
Infobeans Technologies – Registrar to the Buyback
| Registrar Details |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400083 Telephone: +91 22 4918 6200 Email: infobeans.buyback@linkintime.co.in Website: www.linkintime.co.in Contact Person: Mr. Sumeet Deshpande SEBI Registration Number: INR000004058 |
Infobeans Technologies Contact Details
| Company Contact Details |
| Infobeans Technologies Limited CIN: L72200MP2011PLC025622 Registered Office : Crystal IT Park, STP-I 2nd Floor, Ring Road, Indore-452 001 Telephone: 0731- 7162102; Email: compliance@infobeans.com; Website: www.infobeans.com Contact Person: Ms. Surbhi Jain, Company Secretary and Compliance Officer |
Infobeans Technologies Buyback News
News 1 – Infobeans Technologies Buyback PDF / Letter of Offer [Download]
News 2 – Infobeans Technologies Ltd – Draft Letter of Offer [Download]
FAQs of Infobeans Technologies Buyback
What is the Infobeans Technologies Buyback Period?
Infobeans Technologies Buyback Period is briefly the time interval starting from the date of declaration of results of the postal ballot through remote e-voting i.e. NA. The period basically ends on the date of payment of consideration to Eligible Shareholders who participated in the Buyback, i.e.NA.
What type of buyback is Infobeans Technologies Buyback?
This company has chosen the route of Tender offer to repurchase the shares from the eligible shareholders. The tender offer route is one of the Two Routes generally chosen by the companies, i.e. Tender Offer and Open Market Through Stock Exchanges.
What is the Infobeans Technologies Buyback Offer?
Infobeans Technologies Buyback Offer refers to the number of shares the company plans to buy back from the eligible shareholders. Herein, the company proposes to buy back 4,31,717 Fully paid up Equity shares, adhering to the buyback price.
When Infobeans Technologies Buyback offer will start?
As per the released schedule, the Infobeans Technologies Buyback offer will start on June 08, 2021. This is the opening date from when the Buyback will open for all shareholders. You will find the updated records of Infobeans Technologies Buyback at all times, we ensure you have access to the right data.
When is the closing date of Infobeans Technologies Buyback?
For ease in access to the dates and related aspects, we have segregated the closing date of Infobeans Technologies Buyback. The buyback would close on June 21, 2021. The closing date is the last day for which the Buyback shall be open for the shareholders.
What is the offer price for Infobeans Technologies Buyback?
The amount at which the shares are taken back by the company is referred to as Infobeans Technologies Buyback offer price. Herein, each and every fully Paid-up equity share is priced at Rs.232, the price paid to each eligible shareholder.
What is the record date for Infobeans Technologies Buyback offer?
The record date of Infobeans Technologies Buyback is May 07, 2021. The record date is generally the day when eligible shareholders are declared. Furthermore, complying with Buyback regulations, the letter of offer and Tender form is sent to the eligible shareholders.
What is the issue size of Infobeans Technologies Buyback?
Infobeans Technologies Buyback Size is Rs.10,01,58,344 and is the total worth of Equity Shares the company plans on taking back. This amount is obtained from the total number of equity shares, multiplied by the Buyback price.
What is the necessity for Infobeans Technologies Buyback?
The objective of the Infobeans Technologies Buyback is to enhance the total return made by equity shareholders. Herein, the excess funds are given to the equity shareholders, which are over and above its ordinary capital requirements and in excess of any current investment plans. Through buyback, the company will distribute the surplus cash to shareholders as per their holding proportion.
Who is the Registrar to Infobeans Technologies Buyback offer?
The designated registrar of Infobeans Technologies Buyback is LINK INTIME INDIA PRIVATE LIMITED. You can find all the details related to the registrar in this report and contact them if you have any queries. You can check the details of the registrar, contact person, email address, and more.
Who is the Manager of the Infobeans Technologies Buyback offer?
Manager to the Infobeans Technologies Buyback is Sarthi Capital Advisors Private Limited. The manager basically ensures that the company following up buyback strictly adheres to and in conformity with the provisions of the Companies Act and Buyback Regulations.
How to check Infobeans Technologies buyback acceptance ratio?
The acceptance ratio is basically the proportion of shares the company accepts, to the final number of shares tendered. It refers to how much the company would buy back and how profitable it would be for you. You can also check how much profit (%) you will earn. Click on the link and check on the website page.
Where to find Infobeans Technologies Buyback Dates / Events?
You can check the table for the list of events, as designed for the buyback. This article is your one and final destination to check all the Infobeans Technologies Buyback information. You will encounter a section exclusively set to record the dates, in this article, referred to as Infobeans Technologies Buyback Dates.
What can be the Impact of Infobeans Technologies Buyback on the Company?
The Buyback will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations. Buyback is expected to contribute to the overall enhancement of shareholder value and result in an increase in the return on equity of the Company. This Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding.
Where to find complete details on Infobeans Technologies Buyback?
As mentioned already, this page would give you every single detail about this buyback. Also, you find the link to download the Draft / Letter of Offer. Each and every section is vividly and carefully placed, giving you insights into all major as well as minor aspects of the ratio. The article is also inclusive of all the links.
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