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Jan 28, 2022 - Feb 10, 2022

MOIL Limited Buyback (MOIL Buyback) Detail

Incorporated in 1962, MOIL is a miniratna state-owned manganese ore mining company. MOIL produces and sells different grades of Manganese ore including, (i) High-Grade ores for production of Ferro manganese, (ii) Medium grade ore for production of Silico manganese, (iii) Blast furnace grade ore required for production of hot metal and, (iv) Dioxide for dry battery cells and chemical industries.
MOIL operates 11 mines, 7 located in the Nagpur and Bhandara districts of Maharashtra and 4 in the Balaghat district of Madhya Pradesh. MOIL completes around 50% of the total dioxide ore requirement of India.

MOIL Buyback Detail

Issue PeriodJan 28, 2022 - Feb 10, 2022
Security NameMOIL Limited
Issue TypeTender Offer
Issue Size (Shares)3.38 Crores
Issue Size (Amount)₹693.77 Crores
Buyback Price₹205 per share
Face Value₹10 per share
Listing AtBSE, NSE

MOIL Buyback Issue Timetable

Offer Opens OnJan 28, 2022
Offer Closes OnFeb 10, 2022
Record DateDec 31, 2021
Last Date for receipt of Tender FormsFeb 12, 2022
Finalisation of Buyback AcceptanceFeb 18, 2022
Last Date for settlment of bidsFeb 21, 2022
Last Date for Extinguishment of SharesFeb 28, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 123 Equity Shares out of every 625 shares held on the record date.
General Category for all other Eligible Shareholders 99 Equity Shares out of every 728 shares held on the record date.

Company Financials

Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 12,798.5 12,191.8 16,314.8
Profit After Tax 1,766.3 2,482.2 4,739.0
Reserves & Surplus 25,825.7 2,5260.6 28,251.0
Net Worth 28,199.0 27,633.9 30,827.1

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.8 156.35 170.92
Oct-2021 174.55 154.7 164.37
Sep-2021 181.3 156.25 165.23

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 179.8 157.15 170.96
Oct-2021 174.7 154.5 164.36
Sep-2021 181.5 156.15 165.22

Necessity of the Issue

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

MOIL Buyback Documents

MOIL Buyback Rating

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MOIL Buyback Reviews

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Company Contact Information

MOIL Limited
MOIL Bhawan, 1A, Katol Road,
Nagpur - 440013,
Nagpur - 440013, Maharashtra

Phone: +91 712 2806208
Email: compliance@moil.nic.in
Website: https://www.moil.nic.in/

MOIL Buyback Registrar

  1. Bigshare Services Pvt Ltd
       1st Floor, Bharat Tin Works Building,
       Opp. Vasant Oasis,Makwana Road,
       Marol, Andheri(E), Mumbai - 400 059

    Phone: +91-22-6263 8200
    Email: moilbuyback@bigshareonline.com
    Website: http://www.bigshareonline.com

MOIL Buyback Manager

Lead Manager(s)

  1. IDBI Capital Market Services Limited

Registered Broker

  1. IDBI Capital Markets & Securities Limited
    Email: charushila.parkar@idbicapital.com

Find MOIL Buyback Latest Update

MOIL Buyback FAQs

The MOIL Buyback opens on Jan 28, 2022, and closes on Feb 10, 2022.

The MOIL Buyback is a Tender Offer.

MOIL Buyback Schedule

Buyback Opening DateJan 28, 2022
Buyback Closing DateFeb 10, 2022
Last Date for receipt of Tender FormsFeb 12, 2022
Finalisation of Buyback AcceptanceFeb 18, 2022
Last Date for settlment of bidsFeb 21, 2022
Last Date for Extinguishment of SharesFeb 28, 2022

The MOIL Buyback is being offered at Rs ₹205 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 123 Equity Shares out of every 625 shares held on the record date.
General Category for all other Eligible Shareholders 99 Equity Shares out of every 728 shares held on the record date.

You could sell MOIL Buyback on Dec 30, 2021 to remain eligible for buyback. The record date for MOIL Buyback buyback is Dec 31, 2021.

The record date for the MOIL Buyback is Dec 31, 2021.

The issue size of MOIL Buyback is of 3.38 Crores equity shares at ₹205 per share aggregating upto ₹693.77 Crores.

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

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 MOIL Buyback 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.


122 Comments

122. RAHUL SHAH  
again 10 shares of moil how much shares accepted
121. Query buyback  
@KSRK sir,

I have applied for MOIL buyback through Zerodha for 50 shares. But none of them are accepted I guess, because I can see all 50 shares in my demat account.

Is there anything I missed while applying for buyback? I just clicked on tender shares for buyback , thats it.
121.1. DuckkyDuck  
Did you provided offer price(prefilled) and quantity and submitted it?
After that on last day BB closure did you got mail from Zerodha BB order placesed sucessfully?
Did you got contract note from zerodha and post BB intimation from registrar which will show how many shares are accepted and how much money will be credited.
If all this is "Yes" and happened, then contact zerodha telling your problem
If no, it might be you made some mistake in order placing or broker made a mistake, and your order might actually not got placed.
120. antarix  
I am yet to get the buyback amount in my bank. Anybody facing this situation?
120.2. antarix  
Today sent a mail to the Registrar (moilbuyback@bigshareonline.com) asking them to look into this matter. Last time when I participated in NTPC buyback, amount was transferred to account on the last day of settlement of bids. So, I was expecting the same i.e. on 21 February.
120.3. antarix  
Registrar replied that I should contact broker as the settlement had been done on 18th Feb itself. So, I have now raised the matter with broker i.e. Zerodha. Waiting for its response.
119. Rohit P  
I got 64 accepted out of 90 shares.
118. Pigeon  
Thanks a lot KSKR and lokes Sir. U both helped us to understand all details in this buyback. Guide us to invest with confidence during market fluctuations. Even queries are repeated, you guys always reply with polite to all. I pray God to give you all success in future endeavours.
118.1. KAMMA SIVA RAMA KRISHNA  
Thank you very much for your kind words. We will do our best to share what we believe to be helpful to understand n act accordingly. It’s only the readers to take appropriate final decision.
118.2. lokes  
Thanks @piegon.
I am seeing so many new people are coming for asking queries and many people (other than me and @KSRK sir) are also helping in replying to user queries, specially in big buybacks like moil/tcs , which is very good.
And yes many times people keep posting repetitive messages and sometimes same information is already available on same page in other posts but people don't even bother to go through one single page messages so that is annoying and sometimes @KSRK sir replies same thing to them to go through other message, which is good :)
I will inform @admin to add links in buyback posts also, so that we can simply give older message link in reply to newer message.
117. German  
Dear KSRK and other Experts.

I have had a strange experience in MOIL buyback in Angel broking. I have 2 accounts for me and my wife. Both accounts had 1100 shares. I got buyback emails from Angel for both the accounts in respective mail ids registered with accounts and i submitted the buyback request with the link as provided in the emails for both.

For one account buyback processed and for another its not bidded for reason unknown to me. While checking my email for the account for which buyback not submitted, i noticed Angel has sent separate mails for transferring shares to broker pool account while for another account for which buyback was processed no such emails were received.

Anyone experienced the same or any idea about it.
117.1. KAMMA SIVA RAMA KRISHNA  
I don’t have any idea regarding Angel broking. Sorry. Knowledgeable experts in this regard may please respond. Thank you.
117.2. lokes  
@german: better you call your broker and check with them regarding share transfer and why they did this and why they didn't placed your buyback order in that account. I also don't have angel broking so no idea. I have only zerodha.
116. Praveen Jain  
The actual allotment for buyback will happen only on Monday. I am not sure on other comments but this how it happens.
116.2. ColdBurger  
Same here sir. Got the money. @KSRK sir - Please keep posting your strategy for remaining 347 shares when you feel necessary, I will track this forum for another moth at least. A price above buyback price should be valid exit point from my view.
116.3. KAMMA SIVA RAMA KRISHNA  
I will hold for some time. I will sell whenever the price touches around Rs. 195/-. Strategies may vary from person to person. Thank you n all the best.
115. TOMI  
MOIL Buyback amount credited in the Bank
114. dr tejash shah  
how much share debited from demat in buyback offer of moil
i apply my 2475 share for buyback and i received massage that cdsl debited 2475 share from my demat it is possible??
114.3. DuckkyDuck  
No, its not 100% acceptance.
For all people, today all the shares tendered is debited from Demat. And on Monday un-accepted share will be credited back to Demat and amount of accepted shares will also be credited to bank account.
This is a general practice.
Check your buyback contract note from broker to know how many shares accepted. For reserved retail 65% acceptance is there.
@Manoj - You will be in general category, let us how many of your shares accepted so that we can know how much percent acceptance in general category.
114.4. Moil BuyBack  
General category - 28.66 % (731/2550)
113. Moil BuyBack  
Hi , I had 2550 shares in my account and received email this morning that all of them (2550) have been debited from demat.
113.3. Manoj  
For general category = AR 40.17%

In my case 1,433 shares have been accepted out of 5,000 shares tendered.

What about others, pls share?
113.4. Manoj  
Sorry, Mistake in calculation… for general category AR is 28.66%

1,433 shares accepted out of 5,000 shares tendered
112. ganesh jaiswal  
65% acceptance ratio in retail category. Got more than my purchase price of 100% shares. The remaining 35% now with 0 value.
112.1. KAMMA SIVA RAMA KRISHNA  
Oh! That’s really nice. It reflects that your purchase price is at a lower rate. Once again hearty congratulations.
111. sree vas  
150 accepted out of 230
110. IPO smart  
Received contract note from zerodha. Accepted 653 out of 1000. Thanks KSRK sir for valuable guidance.
110.2. ColdBurger  
Wow 65% AR. I give full credit to @KSRK sir for his suggestions which payed heed to. Otherwise I was very nervous due to price fluctuation. 🙏🙏🙏
110.3. KAMMA SIVA RAMA KRISHNA  
ColdBurger ji,
Thank you very much for your kind words. It’s you that acted in a right moment to earn. All the best.
109. ARJUN'SEYE  
AR will be more than 58% in retail category........
109.1. KAMMA SIVA RAMA KRISHNA  
Sir,
Hopefully looking forward for the good AR of around 58% as expecting. Most probably your anticipation may prove right as was in an earlier case. All the best n thank you.
109.2. Barbarik  
Once again your prediction is accurate among all member.
108. antarix  
523 accepted out of 800 tendered. Just got mail from zerodha. 65 percent AR. 👍
107. ARJUN'SEYE  
Sorry
...not general category it is retail category
107.1. KAMMA SIVA RAMA KRISHNA  
I wondered how it happened! Now, it’s OK. Thank you for immediate response.
106. Pigeon  
How to check bid status Sir?
106.1. Pigeon  
Sorry for spamming. Admin Team, pls make posts displayed instantly
105. JIgar A  
Out of 150, 98 shares accepted in buyback.
Good AR. Small profit but happy.
Thank u.
104. Pigeon  
How to check buyback bid status?
103. Anuragsinghal  
MOIL BUYBACK - 686 Shares accepted out of 1,050 shares in Retail Category

Retail AR remained at 65.3% 👍
103.1. Pigeon  
How did you know this Sir?