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MOIL Buyback


MOIL Limited (BSE:533286, NSE:MOIL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for MOIL Buyback? The company has announced a buyback price of Rs 205. Buyback Announced on 10-12-2021, the Record Date for the eligible investor is 31-12-2021.

MOIL Limited Buyabck Tender process starts from 28-01-2022 and end on 10-02-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 19.68%.

The summary report of MOIL Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

MOIL Limited Buyback

TitleDetail
Company Name:MOIL Limited
Buyback Type:Tender Offer
Total Share Capital:-
Offer Amount:693.77 Cr
Offer Size:-
Buyback Number of Shares:3.38 Cr
Buyback Price:205
Approx Entry Price:170
Promoters In:-
Buyback Approval Date:10-12-2021
Record Date:31-12-2021
Open Date:28-01-2022
Close Date:10-02-2022
Payment Date:21-02-2022
Record Date Price:169.10
Maximum Retail Quantity:1182
Draft Letter of Offer:-
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:123 Equity Share out of every 625 fully paid-up Equity Share held on the Record
Acceptance Ratio Retail %:19.68
Acceptance Ratio General:99 Equity Share out of every 728 fully paid-up Equity Share held on the Record
Acceptance Ratio General %:13.60
Final Acceptance Ratio %:65%

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FAQs

The Record Date for MOIL Limited Buyback offer is 31st Dec 2021

Which means you should hold the MOIL Limited share in your demat account by closing session of 31st Dec 2021. Share purchased on and before (31st Dec 2021) - 2 business days will be available in your demat account by 31st Dec 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have MOIL Limited shares at ₹170 and buyback offer price is ₹205, you can get ₹35 per accepted share. If you hold 1176 shares of MOIL Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 388 to 588 shares with the gain from buyback of ₹13580 to ₹20580.

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.

MOIL Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%388₹13580
50%588₹20580
75%882₹30870
100%1176₹41160

 

Steps to participate in MOIL Limited buyback:

  1. On Record date (31st Dec 2021) you must have share of MOIL Limited 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.

 

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 MOIL Limited: 28th Jan 2022

Buyback closing date for MOIL Limited: 10th Feb 2022

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 .

 

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 21st Feb 2022.

 

Buyback opening date for MOIL Limited: 28th Jan 2022

Buyback closing date for MOIL Limited: 10th Feb 2022

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 .

 


User Reviews

avatar
2. jagdish goyal huf Feb 04 2022 06:13:53 PM Reply
shares in my axis direct demat account please suggest processor for by back shares
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2.1. Vinay Jain Feb 04 2022 10:10:23 PM
You can tender your MOIL share online with Axis Direct.
Step 1: Login to your AxisDirect account and click on "SWIFT TRADE" under Trading Platforms
Step 2: Click on "PLACE ORDER" and then click on "BUYBACK" under Equity
Step 3: List of current BuyBacks will appear. Click on "APPLY" for MOIL Buyback
Step 4: Fill the QUANTITY and SUBMIT.
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1. Kunal Feb 04 2022 09:43:14 AM Reply
The company has a fixed record date for dividend as 19th Feb 2022. Will we get dividends on tender shares or only unaccepted shares?