MPS Limited Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

MPS Limited Buyback 2022 description – The Company was incorporated on January 19, 1970 under the Companies Act, 1956. The registered office of the
Company is located at Chennai. The company provides platforms and services for content creation, full-service production, and distribution to the world’s leading publishers, learning companies, corporate institutions, libraries, and content aggregators. The company offers a diverse geographic spread with production facilities in Chennai, Noida, Dehradun, Gurugram and Bengaluru. The company also operates with editorial and marketing offices in United States.

MPS Limited Buyback 2022 Details

Buyback Dates	14 – 28 January 2022
MPS Limited Buyback Price	INR900 per share
Buyback Offer Size	9,44,444 shares
Offer Amount	INR85 crore
Offer Type	Tender
Promoter Participation	Yes
Face Value	INR10 per share
Listing At	BSE, NSE

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MPS Limited Buyback Dates (Timeline)

Board Meeting for Buyback Proposal	27 October 2021
Buyback Approval Date	27 October 2021
Public Announcement of Buyback	07 December 2021
MPS Limited Buyback Record Date	17 December 2021
Buyback Opening Date	14 January 2022
Buyback Closing Date	28 January 2022
Cut-off Date to receive completed tender forms by Registrar	31 January 2022
Verification Date by the Registrar	07 February 2022
Return of unaccepted shares by Registrar	08 February 2022
Extinguishment of accepted shares	15 February 2022

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Registrar of MPS Limited Buyback 2022

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road
Chennai – 600 002
Phone: +91 44 4002 0700 / 0710 / 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: www.cameoindia.com

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Manager of MPS Limited Buyback 2022

Ernst & Young Merchant Banking Services LLP
14th Floor, The Ruby, 29 Senapati Bapat Marg
Dadar West
Mumbai – 400028
Phone: +91 22 6192 0000
Fax: +91-22-6192 1000
Email: [email protected]
Website: : www.ey.com/in/mb

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MPS Limited Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback

Pre-Buyback Shareholding Pattern of MPS Limited

Shareholder Category	No. of shares	% of shares
Promoters	1,22,71,608	67.99
DIIs/MFs	1,58,898	0.88
FIIs/FPIs/NRIs	13,48,368	7.47
Bodies corporate	42,71,386	23.66
Grand Total	1,80,50,260	100.00

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MPS Limited Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Reserved category for Small Shareholders	15/82	18.29
General category for all other Eligible Shareholders	2/43	4.65

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MPS Limited’s Financial Performance

	FY2019	FY2020	FY2021
Total Income	387.8	351.6	432.4
Total Expenses	269.1	252.7	315.8
Net income	76.0	59.9	58.6
Net Worth	469.5	358.4	374.8

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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 MPS 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) t to the registrar.

Working Calculation of Amount Invested in MPS Buyback

Maximum market value of a share holder as on record date	INR2,00,000
Buyback price	INR900
Maximum shares of a share holder as on record date (2,00,000/900)	222 shares
Closing price of share as on record date (17 December 2021)	INR632.85
Amount Invested in buyback (632.85 x 222 shares)	INR1,40,492

Profit from the MPS Limited buyback by acceptance ratio

Acceptance ratio	Amount invested in buyback	No. of shares buyback	Buyback Profit	Profit in %
33%	1,40,492	73	19,502	13.88
50%	1,40,492	111	29,653	21.11
75%	1,40,492	167	44,614	31.75
100%	1,40,492	222	59,307	42.21

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Frequently Asked Questions