Mayur Uniquoters Buyback 2022 description – Mayur Uniquoters manufactures Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
The company supplies synthetic leather to domestic and overseas clients. Footwear is a large end industry where Mayur services clients including Bata, Action, Liberty, Relaxo, VKC group, Paragon, etc. The company also caters to domestic and global automotive OEMs as well as the replacement market. Mayur Uniquoters caters to several large auto manufacturers including Honda, Maruti, M&M, Tata, Eicher Motors and global OEMs, Ford, Mercedes, and Chrysler.
Mayur Uniquoters Buyback 2022 Details
| Buyback Dates | 24 March – 6 April 2022 |
| Mayur Uniquoters Buyback Price | INR650 per share |
| Buyback Offer Size (Shares) | 6,25,000 shares |
| Buyback offer as % of total shares | 1.40% |
| Buyback Offer Size (Amount) | INR40.62 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR5 per share |
| Listing At | BSE, NSE |
Mayur Uniquoters Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 8 February 2022 |
| Buyback Approval Date | 8 February 2022 |
| Public Announcement of Buyback | 10 February 2022 |
| Mayur Uniquoters Buyback Record Date | 23 February 2022 |
| Buyback Opening Date | 24 March 2022 |
| Buyback Closing Date | 6 April 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 6 April 2022 |
| Verification Date by the Registrar | 18 April 2022 |
| Return of unaccepted shares by Registrar | 19 April 2022 |
| Extinguishment of accepted shares | 26 April 2022 |
Registrar of Mayur Uniquoters Buyback 2022
Beetal Financial and Computer Services Private Limited
Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone: +91 011 29961281-83
Email: [email protected]
Website: www.beetalfinancial.com
Manager of Mayur Uniquoters Share Buyback 2022
Chartered Capital and Investment Limited
418-C, “215 Atrium”
Andheri Kurla Road
Andheri (East)
Mumbai 400 093
Phone: +91 022 – 6692 4111
Email: [email protected]
Website: www.charteredcapital.net
Mayur Uniquoters Share Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback
Mayur Uniquoters Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 1/29 | 3.45 |
| General category (for all other Eligible Shareholders) | 1/79 | 1.27 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Mayur Uniquoters’ Financial Performance
| FY2019 | FY2020 | FY2021 | |
| Total Income | 573.4 | 516.5 | 500.8 |
| Total Expenses | 446.8 | 411.3 | 383.8 |
| Net income | 87.2 | 80.6 | 89.0 |
Working Calculation of Amount Invested in Buyback
| Maximum market value of a share holder as on record date | INR2,00,000 |
| Buyback price | INR650 |
| Maximum shares of a shareholder on 8 Feb (2,00,000/650) | 307 shares |
| Closing price of share as on 8 February 2022 | INR497.40 |
| Amount Invested in buyback (497.4 x 307 shares) | INR1,52,702 |
Profit from Mayur Uniquoters Buyback by Acceptance Ratio
| Acceptance ratio | Amount invested in buyback | No. of shares bought back | Buyback Profit | Profit in % |
| 33% | 1,52,702 | 101 | 15,412 | 10.09 |
| 50% | 1,71,505 | 153 | 23,347 | 15.29 |
| 75% | 1,71,505 | 230 | 35,098 | 22.98 |
| 100% | 1,71,505 | 307 | 46,848 | 30.68 |
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in Mayur Uniquoters Buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
Mayur Uniquoters share buyback opens on 24 March and closes on 6 April 2022
Timeline of Mayur Uniquoters share buyback will be coming soon.
Mayur Uniquoters Buyback price is INR650 per share.
The Record date is 23 February 2022.
