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Aug 02, 2018: MphasiS Limited (BSE:526299 | NSE:MPHASIS) board is meeting on Aug 07,2018 to consider buyback of shares.
June 13, 2018: This is second consecutive year where MphasiS has planned for Buyback. The company has a good amount of cash and the company need to distribute this via buyback or dividend to shareholders.
Last year 2017-2018 company performed Rs 1130 Cr buyback. Market Price when buyback was announced was 579 and buyback price was finalized on 635. In such a case person who proposed his share for buyback has got approx Rs 55 per share(Approx 345 Share - 19K Profit). For retail investor acceptance ration was 100%.
As per market report company is sitting on 2073 Cr current assets this time and analyst are expecting buyback will be around a similar price. This time analyst is proposing buyback price in 1275 to 1350 price range. MphasiS board is meeting on Aug 07th 2018, to approve buyback proposal.
Aug 07, 2018: Mphasis Ltd (BSE:526299 | NSE:MPHASIS) board has approved a proposal for buyback of up to 73.20 Lakhs shares at Rs 1350 per share, aggregating Rs 988 Cr which is 3.79% of total paid-up equity shares capital.
Below is the complete details about Mphasis Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 988 Cr |
| Buyback Number of Shares: | 73.20 Lakhs |
| Buyback Price: | Rs 1350 |
| Buyback Offer Size (In %): | 3.79% |
| Total Share Capital: | Rs 23315.82 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Mphasis Limited buyback offer? No
In this section we have covered all important dates related to Mphasis Limited 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 | 7th Aug 2018 |
| Buyback Approval date | 7th Aug 2018 |
| Public Announcement of Buyback | 7th Aug 2018 |
| Record Date | 25th Oct 2018 |
| Buyback opens on/Buyback Opening Date | 7th Dec 2018 |
| Buyback closes on/Buyback Closing Date | 20th Dec 2018 |
| Cut-off date to receive completed tender forms by Registrar | 22nd Dec 2018 |
| Cut-off date for verification by the Registrar | 31st Dec 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
31st Dec 2018 |
| Last date of settlement of bids on the stock exchange | 1st Jan 2019 |
| Last date to return unaccepted shares by Registrar | 1st Jan 2019 |
| Last date of extinguishment of Equity Shares | 8th Jan 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Mphasis Limited 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 | 52.37% |
| Promoter-Indian | 0.0% |
| Non-Promoter-Institutions | 29.17% |
| Non-Promoter-Non-Institutions | 9.39% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 10 Equity Share out of every 59 fully paid-up Equity Share held on the Record Date. | 16.94 |
| General Category | 24 Equity Share out of every 721 fully paid-up Equity Share held on the Record Date. | 3.33% |
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
As for the retail category, actual acceptance ratio is 16.95%, we assume this will go up to 30%.
For Mphasis Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2186.51%, No. of Equity Shares reserved in Buyback was 6222471 where valid bid received for retail category was 136054673 which is 2186.51% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 475.17%, No. of Equity Shares reserved in Buyback was 1098084 where valid bid received for retail category was 5217000 which is 475.17%. Final Acceptance Ratio for Retail Investors was 20%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Mphasis Limited 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 Mphasis Limited? How can I apply in Mphasis Limited Buyback offer?Last Updated on 2019-07-09T00:42:03+00:00
Retail investors looking for short term opportunity can buy the shares (upto the value of INR 2 lakhs - as on the record date) from the open market and tender them in the buy-back offer. Assuming acceptance ratio (range from 60%-80%) and the market price INR 1,170, investors can earn an absolute return between 9%-12% (subject to short term capital gains tax) over the next 2-3 months (average time taken from board approval to payout in recent tender offers). Any change in acceptance ratio could further impact absolute returns.
