Moil Buyback 2022 Record Date, Buyback Price, Entitlement Ratio


Last updated on February 11, 2022

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 Dates28 January – 10 February 2022
MOIL Buyback Price INR205 per share
Buyback Offer Size3,38,42,668 shares
Buyback offer as % of total shares 14.26%
Offer AmountINR693.77 crore
Small shareholder reservation15%
Offer TypeTender
Promoter ParticipationYes
Face Value INR10 per share
Listing AtBSE, NSE

Moil Buyback Dates (Timeline)

Board Meeting for Buyback Proposal10 November 2021
Buyback Approval Date10 November 2021
Public Announcement of Buyback21 December 2021
MOIL Buyback Record Date31 December 2021
Buyback Opening Date28 January 2022
Buyback Closing Date10 February 2022
Cut-off Date to receive completed tender forms by Registrar12 February 2022
Verification Date by the Registrar17 January 2022
Return of unaccepted shares by Registrar21 February 2022
Extinguishment of accepted shares28 February 2022

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]

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 protected]

Moil Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Upcoming Share Buyback

Pre-Buyback Shareholding Pattern of Moil

Shareholder CategoryNo. of shares% of shares
Bodies corporate4,15,97,82217.53
Grand Total23,73,27,879100.00
Shareholding as on 31 December 2021

Moil Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders123/62519.68
General category for all other shareholders99/72813.60

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

Moil’s Financial Performance

Total Income1,631.51,219.21,279.9
Total Expenses844.9782.5890.57
Net income 473.9248.22176.6
Net Worth3,082.72,763.42,819.9
Reserves and Surplus2,825.12,526.12,582.6
Figures in INR crore unless specified otherwise

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.

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.

Working Calculation of Amount Invested in Moil Buyback

Maximum market value of a share holder as on record dateINR2,00,000
Buyback priceINR205
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

Profit from Moil Buyback by Acceptance Ratio

Acceptance ratioAmount invested in buybackNo. of shares buybackBuyback ProfitProfit in %
50% 1,65,01848717,41010.55
75% 1,65,01873126,13315.84
100% 1,65,01897534,85621.12

Frequently Asked Questions

When does Moil buyback offer open?

Moil buyback opens on 28 January 2011 and closes on 10 February 2022

What is the timeline of MOIL buyback 2022?

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

What is the Moil buyback price?

MOIL Buyback price is INR205 per share.

What is the Moil buyback record date?

The Record date is 31 December 2021


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