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Motilal Oswal Financial Services Ltd Buyback 2022


Motilal Oswal Financial Services Ltd (BSE:532892, NSE:MOTILALOFS) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Motilal Oswal Financial Services Ltd Buyback 2022? The company has announced a buyback price of Rs 1100. Buyback Announced on 17-05-2022, the Record Date for the eligible investor is 27-05-2022.

Motilal Oswal Financial Services Ltd Buyabck Tender process starts from 24-07-2022 and end on 07-08-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 9.21%%.

The summary report of Motilal Oswal Financial Services Ltd 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.

Motilal Oswal Financial Services Ltd Buyback

TitleDetail
Company Name:Motilal Oswal Financial Services Ltd
Buyback Type:Tender Offer
Total Share Capital:11700
Offer Amount:Rs 160 Cr
Offer Size:5.09%
Buyback Number of Shares:14.54 lakhs
Buyback Price:1100
Approx Entry Price:780
Promoters In:Y
Buyback Approval Date:17-05-2022
Record Date:27-05-2022
Open Date:24-07-2022
Close Date:07-08-2022
Payment Date:18-08-2022
Record Date Price:780.05
Maximum Retail Quantity:256
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:7 Equity Share out of every 76 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio Retail %:9.21%
Acceptance Ratio General:3 Equity Share out of every 356 fully paid-up Equity Share held on the Record Date.
Acceptance Ratio General %:0.84%
Final Acceptance Ratio %:9.21%

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Zerodha FAQs

The Record Date for Motilal Oswal Financial Services Ltd Buyback offer is 27th May 2022

Which means you should hold the Motilal Oswal Financial Services Ltd share in your demat account by closing session of 27th May 2022. Share purchased on and before (27th May 2022) - 2 business days will be available in your demat account by 27th May 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Motilal Oswal Financial Services Ltd shares at ₹780 and buyback offer price is ₹1100, you can get ₹320 per accepted share. If you hold 256 shares of Motilal Oswal Financial Services Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 84 to 128 shares with the gain from buyback of ₹26880 to ₹40960.

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.

Motilal Oswal Financial Services Ltd Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%84₹26880
50%128₹40960
75%192₹61440
100%256₹81920

 

Steps to participate in Motilal Oswal Financial Services Ltd buyback:

  1. On Record date (27th May 2022) you must have share of Motilal Oswal Financial Services Ltd 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 Motilal Oswal Financial Services Ltd: 24th Jul 2022

Buyback closing date for Motilal Oswal Financial Services Ltd: 7th Aug 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 18th Aug 2022.

 

Buyback opening date for Motilal Oswal Financial Services Ltd: 24th Jul 2022

Buyback closing date for Motilal Oswal Financial Services Ltd: 7th Aug 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 .

 


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