KPR Mill Ltd Buyback 2019 Review

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Incorporated in 1984, K.P.R. Mill Ltd is engaged in manufacturing of Readymade Knitted Apparel. This is 3rd consecutive year where KPR Mill is performing buyback. The size of 2019 buyback is more than double performed in 2018. The company has production units for Yarn, Knitted Grey & Dyed, Fabric and Readymade Garments. The company also invested in Wind Mills to produce around 70% power for its personal consumption use. The Company has Co-gen cum Sugar Plant at Karnataka.

What is KPR Mill Ltd buyback offer?

KPR Mill Buyback 2019 Latest Update

Apr 29th, 2019: KPR Mill Ltd (BSE:532889 | NSE:KPRMILL) board has approved a proposal for buyback of up to 37.50 lakh shares at Rs 702 per share, aggregating Rs 263.30 Cr (Buyback Offer Size) which is 5.17% of total paid-up equity share capital.

2018 Buyback of KPR Mill was half the size of 2019 buyback. Last year buyback size was 108 Cr- 13.35 lakhs share @810, where this year buyback size is 263.30 cr - 37.50 lakh shares @702.

KPR Mill 2018 Buyback Details.

Company has withdraw the buyback because of additional tax libalities of 20 percent.

KPR Mill Buyback Offer Details

      »»   Total Share Capital: Rs 4339.13 Cr
      »»   Face Value: 5 Per Equity Share
      »»   Buyback Offer Amount: Rs 263.3 Cr
      »»   Buyback Offer Size (In %): 5.17%
      »»   Buyback Number of Shares: 37.50 lakh
      »»   Buyback Price: Rs 702
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in KPR Mill buyback offer :No

Review & Recommendation

We recommend average for KPR Mill Buyback as acceptance ration for the retail investor will be between 40 to 50%. We rated KPR Mill Buyback as 3.5/5 (Average). Last year also in retail category acceptance ratio was 13 to 15% on 108 Cr buyback(13.35 lakh shares), so we are expecting acceptance ration will go up by 3 to 4 times. For existing investor of KPR Mills, this is a good premium. A new retail investor can also go for KPR Mill buyback as proposed buyback price is up by 16%.

Rating

Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)

KPR Mill Buyback Important Dates

In this section we have covered all imporatant dates related to KPR Mill Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    KPR Mill buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 29th Apr 2019
    Buyback Approval date 29th Apr 2019
    Public Announcement of Buyback 29th Apr 2019
    Record Date 19th Jun 2017
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

KPR Mill Share Holding Pattern as of Mar 2019

Stock Holding table will give you a clear picture, how many retail investor holding KPR Mill shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 74.99%
    Non-Promoter-Institutions 15.98%
    Non-Promoter-Non-Institutions 9.03%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
KPR MillTender OfferRs 263.3 Cr702558.60 (0.49%)19-06-2017TBDTBD
Sasken Technologies LtdTender OfferRs 169.88 Cr850596.90 (-1.27%)05-07-201911-10-201924-10-2019
Welspun Corp LimitedTender OfferRs 360 Cr140131.10 (1.71%)05-07-201922-10-20195-11-2019
Star Cement LimitedTender OfferRs 102 Cr15093.40 (2.36%)05-07-201922-10-201905-11-2019
Greaves Cotton LtdTender OfferRs 240 Cr175128.10 (-3.50%)12-07-201918-10-201901-11-2019
Eris Lifesciences Limited Tender OfferRs 100 Cr575421.90 (-2.05%)15-07-2019TBDTBD
Smartlink Holdings Ltd Tender OfferRs 47.45 Cr13082.35 (-4.41%)13-08-201918-10-201901-11-2019
Automobile Corporation of GoaTender OfferRs 19.98 Cr600515.00 (-1.52%)20-09-201918-10-20194-11-2019
NIIT LtdTender OfferRs 335 Cr12584.95 (-2.36%)18-10-2019TBDTBD
Kaveri Seed Company LtdTender OfferRs 196 Cr700465.70 (0.03%)TBDTBDTBD
Indiabulls Real Estate LimitedTender OfferRs 500 Cr10044.50 (-2.31%)TBDTBDTBD
Indiabulls Ventures LimitedTender OfferRs 1000 Cr15090.30 (-9.97%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

KPR Mill Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for KPR Mill? How can I apply in KPR Mill Buyback offer?

Company Contact Information

KPR Mill Ltd
No 9 Gokul Buildings 1st Floor,
AKS Nagar Thadagam Road,
Tamil Nadu-641001

Registrar Contact Information

Karvy Computershare Pvt Ltd
Karvy Selenium Tow-B,
Pl-31&32 Gachibowli,
Nanakramguda,
Hyderabad-500032
Request call back from

Last Updated on 2019-07-11T22:15:02+00:00

FAQs

  1. What is the record date for KPR Mill buyback offer?

    The Record Date for KPR Mill Buyback offer is 19th Jun 2017

    Which means you should hold the KPR Mill share in your demat account by closing session of 19th Jun 2017. Share purchased on and before (19th Jun 2017) - 2 business days will be available in your demat account by 19th Jun 2017.

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  2. How much I can make with KPR Mill buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have KPR Mill shares at ₹600 and buyback offer price is ₹702, you can get ₹102 per accepted share. If you hold 333 shares of KPR Mill and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 110 to 166 shares with the gain from buyback of ₹11220 to ₹16932.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    KPR Mill Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%110₹11220
    50%166₹16932
    75%250₹25500
    100%333₹33966

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  3. How to Participate in KPR Mill buyback offer?

    Steps to participate in KPR Mill buyback:

    1. On Record date (19th Jun 2017) you must have share of KPR Mill in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

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  4. How many KPR Mill share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

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  5. When I need to tender KPR Mill share for buyback?

    Buyback opening date for KPR Mill: Not Yet Announced

    Buyback closing date for KPR Mill: Not Yet Announced

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.

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  6. When I will know how much shares accepted in KPR Mill buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.

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  7. How and when will I get money for accepted shares of KPR Mill buyback?

    Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after Not Yet Announced, which is last date of settlement of bids on the Stock Exchange.

    In case of physical share holding, you will get a cheque.

    Discuss this question

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User Comments

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1. Amit Gosh  May 1, 2019 10:24:35 AM IST Reply
Thanks for Update, last year buyback price was 810, why it''s low this year. Why you have recommended buy rating when last year acceptance ratio was 13% only.

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