Moil Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

Moil Buyback 2022 description – MOIL is a Schedule “A” Miniratna Category-I company. It was originally Incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11. MOIL produces and sells different grades of Manganese Ore.  These are

1. High Grade Ores for production of Ferro manganese
   2. Medium grade ore for production of Silico manganese
   3. Blast furnace grade ore required for production of hot metal and
   4. Dioxide for dry battery cells and chemical industries.

Moil Buyback 2022 Details

Buyback Dates	28 January – 10 February 2022
MOIL Buyback Price	INR205 per share
Buyback Offer Size	3,38,42,668 shares
Buyback offer as % of total shares	14.26%
Offer Amount	INR693.77 crore
Small shareholder reservation	15%
Offer Type	Tender
Promoter Participation	Yes
Face Value	INR10 per share
Listing At	BSE, NSE

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Moil Buyback Dates (Timeline)

Board Meeting for Buyback Proposal	10 November 2021
Buyback Approval Date	10 November 2021
Public Announcement of Buyback	21 December 2021
MOIL Buyback Record Date	31 December 2021
Buyback Opening Date	28 January 2022
Buyback Closing Date	10 February 2022
Cut-off Date to receive completed tender forms by Registrar	12 February 2022
Verification Date by the Registrar	17 January 2022
Return of unaccepted shares by Registrar	21 February 2022
Extinguishment of accepted shares	28 February 2022

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Registrar of Moil Buyback 2022

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building
Opposite Vasant Oasis
Makwana Road, Marol
Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200
Fax: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com

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Manager of Moil Buyback 2022

IDBI Capital Markets & Securities Limited
6th Floor, IDBI Tower, WTC Complex, Cuffe Parade,
Mumbai – 400 005, Maharashtra, India
Phone: +91 22 2217 1700
FAX: +91 22 2215 1787
Email: [email protected]
Website: www.idbicapital.com

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Moil Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Upcoming Share Buyback

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Pre-Buyback Shareholding Pattern of Moil

Shareholder Category	No. of shares	% of shares
Promoters	15,27,29,899	64.35
DIIs/MFs	2,98,95,139	12.60
FIIs/FPIs/NRIs	1,31,05,019	5.52
Bodies corporate	4,15,97,822	17.53
Grand Total	23,73,27,879	100.00

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Moil Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Small Shareholders	123/625	19.68
General category for all other shareholders	99/728	13.60

Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.

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Moil’s Financial Performance

	FY2019	FY2020	FY2021
Total Income	1,631.5	1,219.2	1,279.9
Total Expenses	844.9	782.5	890.57
Net income	473.9	248.22	176.6
Net Worth	3,082.7	2,763.4	2,819.9
Reserves and Surplus	2,825.1	2,526.1	2,582.6

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Necessity of the Buyback

• The buy-back gives an option to the equity shareholders to 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.

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Process to Participate in Moil 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.

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Working Calculation of Amount Invested in Moil Buyback

Maximum market value of a share holder as on record date	INR2,00,000
Buyback price	INR205
Maximum shares of a share holder as on record date (2,00,000/205)	975 shares
Closing price of share as on record date (17 December 2021)	INR169.25
Amount Invested in buyback (169.25 x 115 shares)	INR1,65,018

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Profit from Moil Buyback by Acceptance Ratio

Acceptance ratio	Amount invested in buyback	No. of shares buyback	Buyback Profit	Profit in %
33%	1,65,018	321	11,475	6.95
50%	1,65,018	487	17,410	10.55
75%	1,65,018	731	26,133	15.84
100%	1,65,018	975	34,856	21.12

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Frequently Asked Questions