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Incorporated in 1962, MOIL formerly know as Manganese Ore (India) Limited is a mining company and sell different grades of Manganese Ore. MOIL was originally setup in 1986 by CPMO (Central Provinces Manganese Ore Company Limited) - British Company. In 1977, Indian gov acquired 100% stake in MOIL. Company was listed in NSE/BSE in 2011. At present company have 11 mines.
MOIL has set up a plant based on indigenous technology to manufacture 1,000 MT per annum capacity of Electrolytic Manganese Dioxide (EMD). This product is used for the manufacture of dry battery cells. EMD produced by the Company is of good quality and well accepted by the market. A Ferro manganese plant having a capacity of 10,000 MT per annum was also set up in 1998 by MOIL for value addition.
Nov 14th, 2019:MOIL Ltd (BSE:533286 | NSE:MOIL) board has approved a proposal for purchase of up to 2.02 Cr shares at Rs 152 per share, aggregating Rs 308.27 Cr (Buyback Offer Size) that is 7.87% of total paid equity share capital.
Below is the complete details about MOIL Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 308.27 cr |
| Buyback Number of Shares: | 2.02 Cr |
| Buyback Price: | Rs 152 |
| Buyback Offer Size (In %): | 7.87% |
| Total Share Capital: | Rs 3795.87 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in MOIL Ltd buyback offer? No
We advocate honest for MOIL buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate MOIL buyback as 3.5/5 (Average).
Making a resonable amount of profit is possible in MOIL buyback for a new retail investor. With referance to current market price buyback price is up by 7% (Approx).
In this section we have covered all important dates related to MOIL Ltd 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.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 14th Nov 2019 |
| Buyback Approval date | 14th Nov 2019 |
| Public Announcement of Buyback | 14th Nov 2019 |
| Record Date | 27th Nov 2019 |
| Buyback opens on/Buyback Opening Date | 26th Dec 2019 |
| Buyback closes on/Buyback Closing Date | 8th Jan 2020 |
| Cut-off date to receive completed tender forms by Registrar | 10th Jan 2020 |
| Cut-off date for verification by the Registrar | 13th Jan 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
15th Jan 2020 |
| Last date of settlement of bids on the stock exchange | 16th Jan 2020 |
| Last date to return unaccepted shares by Registrar | 16th Jan 2020 |
| Last date of extinguishment of Equity Shares | 20th Jan 2020 |
Stock Holding table gives a clear picture on retail investor holdings of MOIL Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 65.69% |
| Non-Promoter-Institutions | 17.28% |
| Non-Promoter-Non-Institutions | 17.03% |
MOIL Ltd Draft Letter of Offer >>Document
MOIL Ltd Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 11 Equity Share out of every 191 fully paid-up Equity Share held on the Record Date. | 12.10 |
| General Category | 80 Equity Share out of every 963 fully paid-up Equity Share held on the Record Date. | 8.31% |
For MOIL Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 144.92%, No. of Equity Shares reserved in Buyback was 17238857 where valid bid received for retail category was 24983029 which is 144.92% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 30.62%, No. of Equity Shares reserved in Buyback was 3042152 where valid bid received for retail category was 931570 which is 30.62%. 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 |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 985.20 (6.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
MOIL Ltd 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 MOIL Ltd ? How can I apply in MOIL Ltd Buyback offer?Last Updated on 2020-01-19T22:24:06+00:00
