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

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MPS Limited Buyback 2022

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 Dates14 – 28 January 2022
MPS Limited Buyback Price INR900 per share
Buyback Offer Size9,44,444 shares
Offer AmountINR85 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR10 per share
Listing AtBSE, NSE

MPS Limited Buyback Dates (Timeline)

Board Meeting for Buyback Proposal27 October 2021
Buyback Approval Date27 October 2021
Public Announcement of Buyback07 December 2021
MPS Limited Buyback Record Date17 December 2021
Buyback Opening Date14 January 2022
Buyback Closing Date28 January 2022
Cut-off Date to receive completed tender forms by Registrar31 January 2022
Verification Date by the Registrar07 February 2022
Return of unaccepted shares by Registrar08 February 2022
Extinguishment of accepted shares15 February 2022

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


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


MPS Limited Buyback 2022 Documents

Offer Letter
Draft Letter of Offer
Public Announcement

Upcoming Share Buyback

Pre-Buyback Shareholding Pattern of MPS Limited

Shareholder CategoryNo. of shares% of shares
Promoters1,22,71,60867.99
DIIs/MFs1,58,8980.88
FIIs/FPIs/NRIs13,48,3687.47
Bodies corporate42,71,38623.66
Grand Total1,80,50,260100.00
Shareholding as on 17 December 2021

MPS Limited Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Reserved category for Small Shareholders15/8218.29
General category for all other Eligible Shareholders2/434.65

MPS Limited’s Financial Performance

FY2019FY2020FY2021
Total Income387.8351.6432.4
Total Expenses269.1252.7315.8
Net income 76.059.958.6
Net Worth469.5358.4374.8
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 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 dateINR2,00,000
Buyback priceINR900
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 ratioAmount invested in buybackNo. of shares buybackBuyback ProfitProfit in %
33% 1,40,4927319,50213.88
50% 1,40,49211129,65321.11
75% 1,40,49216744,61431.75
100% 1,40,49222259,30742.21

Frequently Asked Questions

When does MPS Limited buyback offer open?

MPS buyback opens on 14 January 2022 and closes on 28 January 2022.

What is the timeline of MPS Limited buyback 2022?

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

Which type of buyback is MPS Limited buyback offer?

MPS Limited Buyback is a tender offer.

What is MPS Limited buyback price?

MPS Limited Buyback price is INR900 per share.

What is MPS Limited buyback record date?

The record date is 17 December 2021.

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