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MPS Ltd Buyback 2020 Review

Rated 3/5 by Team InvestorGain

Founded in the year 1843, Macmillan was a UK-based large publishing company that came in India in 1892. The company provided a purely domestic publishing business and soon became synonymous with quality educational books. In 1976, the company came up with a new publishing division in Bangalore which offered high-quality editorial and production services to international book and journal publishers. Later in 2004, the company grows to provide content consumption to meet the high-end technology and digital-publishing needs with a fully owned subsidiary MPS Ltd.

In 2011, ADI BPO then purchased Macmillan’s stake in MPS and took the management control of the company. The company now totally focuses content creation, full-service production, and distribution to the world’s leading publishers, learning companies, corporate institutions, libraries, and content aggregators.

MPS Limited Buyback 2020 Latest Update

August 14th, 2020: MPS Ltd (BSE:532440 | NSE: MPSLTD) board has approved a proposal for the repurchase of up to ₹5.66 Lakh (Five Lakhs Sixty Six Thousand Six Hundred and Sixty Six) shares at ₹600 (Six hundred) per share, aggregating ₹34.00 Cr (Thirty Four Crores only) (Buyback Offer Size) that is 3.04% of total paid equity share capital.

What is MPS Limited Buyback details?

Below is the complete details about MPS Limited Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 34.00 Cr
Buyback Number of Shares: 5.66 Lakh
Buyback Price: Rs 600
Buyback Offer Size (In %): 3.04%
Total Share Capital: Rs 718.05 Cr
Face Value: 10 Per Equity Share

Can I Invest today to participate in MPS Limited buyback offer? No

What are MPS Limited Buyback Important Dates?

In this section we have covered all important dates related to MPS 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.

MPS Limited buyback offer important dates
Buyback Activity Date
Board Meeting for Buyback proposal 11th Aug 2020
Buyback Approval date 11th Aug 2020
Public Announcement of Buyback 13th Aug 2020
Record Date 24th Aug 2020
Buyback opens on/Buyback Opening Date 16th Sep 2020
Buyback closes on/Buyback Closing Date 29th Sep 2020
Cut-off date to receive completed tender forms by Registrar 1st Oct 2020
Cut-off date for verification by the Registrar 8th Oct 2020
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
8th Oct 2020
Last date of settlement of bids on the stock exchange 9th Oct 2020
Last date to return unaccepted shares by Registrar 9th Oct 2020
Last date of extinguishment of Equity Shares 16th Oct 2020

MPS Limited Share Holding Pattern as of Jun 2020

Stock Holding table gives a clear picture on retail investor holdings of MPS 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 0.0%
Promoter-Indian 67.77%
Non-Promoter-Institutions 6.40%
Non-Promoter-Non-Institutions 25.83%

MPS Limited Public Announcement >>Document

MPS Limited Draft Letter of Offer >>Document

MPS Limited Letter of Offer >>Document

MPS Limited Post Buyback Public Announcement >>Document

MPS Limited Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 399.60 per equity share - in such case Max 500 Equity Shares as of Record Date 24th Aug 2020.
  • General category for all Shareholders other than Small Shareholders ("General Category")

MPS Limited Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 1 Equity Share out of every 12 Equity Shares held on the Record date 8.33%
General Category 17 Equity Share out of every 621 Equity Shares held on the Record Date 2.74%

Post buyback comments MPS Limited

For MPS Limited Buyback Offer, Report updated by the manager of buyback -

In general category - response received 604.15%, No. of Equity Shares reserved in Buyback was 481666 where valid bid received for retail category was 2910003 which is 604.15% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 394.12%, No. of Equity Shares reserved in Buyback was 85000 where valid bid received for retail category was 334998 which is 394.12%. Final Acceptance Ratio for Retail Investors was 8.33%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200819.00 (0.44%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245140.55 (0.14%)18-11-2022TBDTBD
KRBL LimitedTender Offer₹325.00Cr500277.50 (-1.65%)25-08-2023TBDTBD
Dwarikesh Sugar Industries LimitedTender Offer₹31.50Cr10569.50 (-5.61%)20-03-202427-03-202403-04-2024
Garware Technical Fibres LimitedTender Offer₹199.50Cr38003323.25 (2.01%)26-03-202401-04-202405-04-2024
Freshtrop Fruits LimitedTender Offer₹33.69Cr175165.15 (0.76%)02-04-2024TBDTBD

Detail Article on Benefit from buyback offer >> Read

MPS 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 MPS Limited? How can I apply in MPS Limited Buyback offer?

Company Contact Information

TRIVENI ENGINEERING and INDUSTRIES LIMITED
RR Towers IV, Super A,
16/17, Thiru Vi Ka Industrial Estate,
Guindy, Chennai-600 032
Tel. No.: +91-44 -49162222
E-mail: [email protected]
www.mpslimited.com

Registrar Contact Information

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai - 600 002, Tamil Nadu, India
Tel: +91 44 4002 0700 / 0710 / 2846 0390
E-mail: [email protected]
Contact Person: Ms.Sreepriya K

Last Updated on 2020-11-26T01:39:30+00:00

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