Tender Offer | ₹40.00 Crores | Listed at BSE, NSE | Thu, Aug 29, 2024 - Wed, Sep 4, 2024
Mayur Uniquoters Ltd. Buyback is a tender offer for the repurchase of up to 0.05 crore equity shares, representing 1.14% of the total paid-up equity share capital at a buyback price of ₹800 per share with a face value of ₹5 per share, aggregating to ₹40.00 crores.
The record date for determining eligible shareholders is Aug 23, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Aug 29, 2024 and closes on Sep 4, 2024, with the last date for receipt of tender forms being Sep 4, 2024.
The finalisation of buyback acceptance is expected on Sep 10, 2024, followed by settlement of bids on Sep 11, 2024.
D&A Financial Services Pvt.Ltd. is the Manager to the Buyback and Beetal Financial & Computer Services Pvt.Ltd. is the Registrar and Sushil Financial Services Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Mayur Uniquoters Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Aug 29, 2024
Offer Closing Date
Wed, Sep 4, 2024
Buyback Price
₹800 per share
Record Date
August 23, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 75,000.00 |
| General Category for all other Eligible Shareholders | 3 Equity Shares out of every 296 Fully paid-up Equity Shares held on the Record Date. | 425,000.00 |
Mayur Uniquoters Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 871.04 | 821.93 | ||||||||||||||||||||||||||||
| Revenue | 834.83 | 793.38 | 676.82 | |||||||||||||||||||||||||||
| Profit After Tax | 122.47 | 104.21 | 94.37 | |||||||||||||||||||||||||||
| Reserves and Surplus | 742.25 | 696.75 | ||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Established in 1994, Mayur Uniquoters is the largest manufacturer of artificial leather, using the 'Release Paper Transfer Coating Technology' in India.
The company produces 4.05 million linear meters per month, through 7 Italian coating lines. The company also has a PU coating plant with a current capacity of 6 lacs linear meters per month.
The company's infrastructure consists of a full range of machinery to fulfill their knitting, processing, heat setting, coating, embossing, printing, lacquering, sueding, tumbling, and laminating needs. Mayur Uniquoters' physical, chemical, and product development laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications. The company has ISO 9001:2015 certification.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 684.40 | 575.00 | 628.60 |
| Jun-2024 | 695.00 | 488.00 | 611.31 |
| May-2024 | 578.10 | 496.05 | 527.10 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2024 | 685.00 | 577.45 | 628.93 |
| Jun-2024 | 695.85 | 486.95 | 611.62 |
| May-2024 | 577.80 | 497.65 | 527.49 |
The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.
Mayur Uniquoters Ltd.
Village: Jaitpura,
Jaipur-Sikar Road,
Jaipur - 303704
Jaipur, Rajasthan, 303704
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
The Mayur Uniquoters Buyback 2024 opens on August 29, 2024, and closes on September 4, 2024.
Last date to be eligible to participate in buyback is August 22, 2024.
The Mayur Uniquoters Buyback 2024 is a Tender Offer.
Mayur Uniquoters Buyback 2024 Schedule
| Buyback Opening Date | August 29, 2024 |
| Buyback Closing Date | September 4, 2024 |
| Last Date for receipt of Tender Forms | September 4, 2024 |
| Finalisation of Buyback Acceptance | September 10, 2024 |
| Last Date for settlment of bids | September 11, 2024 |
| Last Date for Extinguishment of Shares | September 23, 2024 |
The Mayur Uniquoters Buyback 2024 is being offered at Rs ₹800 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 75,000.00 |
| General Category for all other Eligible Shareholders | 3 Equity Shares out of every 296 Fully paid-up Equity Shares held on the Record Date. | 425,000.00 |
The issue size of Mayur Uniquoters Buyback 2024 is 5,00,000 equity shares at ₹800 per share aggregating up to ₹40.00 Crores.
The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Mayur Uniquoters Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
