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MPS Buyback 2021

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MPS Limited (BSE:532440, NSE:MPSLTD) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for MPS Buyback 2021? The company has announced a buyback price of Rs 900. Buyback Announced on 27-10-2021, the Record Date for the eligible investor is 17-12-2021.

MPS Limited Buyabck Tender process starts from 14-01-2022 and end on 28-01-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 18.29%.

The summary report of MPS 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.

MPS Limited Buyback

TitleDetail
Company Name:MPS Limited
Buyback Type:Tender Offer
Total Share Capital:Rs 1,277 Cr
Offer Amount:85 Cr
Offer Size:5.23%
Buyback Number of Shares:9.44 Lakhs
Buyback Price:900
Approx Entry Price:680
Promoters In:Y
Buyback Approval Date:27-10-2021
Record Date:17-12-2021
Open Date:14-01-2022
Close Date:28-01-2022
Payment Date:08-02-2022
Record Date Price:632.85
Maximum Retail Quantity:316
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:15 Equity Shares out of every 82 Equity Shares held on the Record Date
Acceptance Ratio Retail %:18.29
Acceptance Ratio General:2 Equity Shares out of every 43 Equity Shares held on the Record Date
Acceptance Ratio General %:4.65%
Final Acceptance Ratio %:47%

FAQs

The Record Date for MPS Limited Buyback offer is 17th Dec 2021

Which means you should hold the MPS Limited share in your demat account by closing session of 17th Dec 2021. Share purchased on and before (17th Dec 2021) - 2 business days will be available in your demat account by 17th Dec 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have MPS Limited shares at ₹680 and buyback offer price is ₹900, you can get ₹220 per accepted share. If you hold 294 shares of MPS Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 97 to 147 shares with the gain from buyback of ₹21340 to ₹32340.

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.

MPS Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%97₹21340
50%147₹32340
75%220₹48400
100%294₹64680

 

Steps to participate in MPS Limited buyback:

  1. On Record date (17th Dec 2021) you must have share of MPS 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 MPS Limited: 14th Jan 2022

Buyback closing date for MPS Limited: 28th Jan 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 8th Feb 2022.

 

Buyback opening date for MPS Limited: 14th Jan 2022

Buyback closing date for MPS Limited: 28th Jan 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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