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.
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.
Company has withdraw the buyback because of additional tax libalities of 20 percent.
»» 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
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%.
Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)
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.
|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 2019|
|Buyback opens on/Buyback Opening Date||29th Oct 2019|
|Buyback closes on/Buyback Closing Date||11th Nov 2019|
|Cut-off date to receive completed tender forms by Registrar||13th Nov 2019|
|Cut-off date for verification by the Registrar||14th Nov 2019|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||18th Nov 2019|
|Last date of settlement of bids on the stock exchange||19th Nov 2019|
|Last date to return unaccepted shares by Registrar||19th Nov 2019|
|Last date of extinguishment of Equity Shares||21st Nov 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 %|
KPR Mill Letter of Offer >>Document
KPR Mill Post Buyback Public Announcement >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||95 Equity Share out of every 142 fully paid-up Equity Share held on the Record Date.||66.90|
|General Category||7 Equity Share out of every 153 fully paid-up Equity Share held on the Record Date.||4.58%|
For KPR Mill Buyback Offer, Report updated by the manager of buyback -
In general category - response received 641%, No. of Equity Shares reserved in Buyback was 3188166 where valid bid received for retail category was 20436178 which is 641% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 49.99%, No. of Equity Shares reserved in Buyback was 562618 where valid bid received for retail category was 281265 which is 49.99%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
|Company Name||Buyback Type||Offer Amount||Buyback Price||CMP||Record Date||Buyback Open Date||Buyback End Date|
|Thomas Cook India Ltd||Tender Offer||Rs 150 Cr||57.50||31.10 (4.71%)||07-03-2020||TBD||TBD||NIIT Technologies||Tender Offer||Rs 337 Cr||1725||1457.30 (0.46%)||12-03-2020||29-05-2020||11-06-2020||Tips Industries Limited||Tender Offer||Rs 18.90 Cr||140||103.15 (-0.43%)||03-04-2020||TBD||TBD||Coral India Finance And Housing Ltd||Tender Offer||Rs 21.08 Cr||17||14.01 (-2.16%)||17-04-2020||TBD||TBD||Indiabulls Real Estate Limited||Tender Offer||Rs 500 Cr||100||44.30 (1.14%)||TBD||TBD||TBD||Granules India Ltd||Tender Offer||Rs 250 Cr||200||181.25 (5.78%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadKPR 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?
Last Updated on 2019-11-20T22:06:09+00:00
The Record Date for KPR Mill Buyback offer is 19th Jun 2019
Which means you should hold the KPR Mill share in your demat account by closing session of 19th Jun 2019. Share purchased on and before (19th Jun 2019) - 2 business days will be available in your demat account by 19th Jun 2019.
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.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in KPR Mill 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.
Buyback opening date for KPR Mill: 29th Oct 2019
Buyback closing date for KPR Mill: 11th Nov 2019
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 13th Nov 2019.
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 19th Nov 2019.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 19th Nov 2019, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.