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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 Period
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 At

Buyback Ratio

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MOIL Buyback Documents

MOIL Buyback Rating

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Company Contact Information

MOIL Limited
1A, Katol Road,
NAGPUR 440 013 (Maharashtra) (India)


Phone: 91-712-2590050
Email:
Website: https://www.moil.nic.in/home

MOIL Buyback Registrar

MOIL Buyback Manager

Lead Manager(s)

Find MOIL Buyback Latest Update

MOIL Buyback FAQs

The MOIL Buyback open and close dates are not available as of now.

The MOIL Buyback is a Tender Offer.

Sorry the MOIL Buyback timelines are not available at this time.

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

[.]

The MOIL Buyback record date is not yet declared.

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

The necessity for MOIL Buyback is not yet declared.

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.


27 Comments

27. KAMMA SIVA RAMA KRISHNA  Dec 3, 2021 12:16:12 PM I Like It. 1 | Report Abuse Reply
IPO BULL JI,
Is it worthwhile buying a stock with buy back news anymore ? Depending upon the Size of the buyback, Track record of the company, difference between the CMP and the Buyback price, sustainability of the share price during n after the period of the buyback, holding capacity of the investors during the tough time arises if any , conditions during which the buyback is operated, YES it will be worthwhile.
I also agree that the prevailing conditions are not much attractive n favourable. But they will not be the same for ever. We have to be attentive, selective and watchful to grab the opportunity at an appropriate time.
Please don’t be disappointed. Look forward for the better opportunities. All the best. Thank you.
26. Jeff bezoz  Nov 29, 2021 8:46:55 PM I Like It. | Report Abuse Reply
@KSRK
What will b the ar for moil.

Thanks.
26.9. ColdBurger  Dec 3, 2021 12:03:59 AM I Like It. | Report Abuse
@KSRK Sir- Thanks for replying.
May request you that please don't use Sir work at least when replying to my query! I regard you much for one the best forum members with sane suggestions.
26.10. KAMMA SIVA RAMA KRISHNA  Dec 3, 2021 9:38:47 AM I Like It. | Report Abuse
Dear ColdBurger,
I am 63. I don’t know whether the person whom I am addressing is elder to me or not. Moreover, I love to respect each and every one. Hence calling everyone sir/ ji is my passion. As you are specific, now onwards I address you as dear……. . Thank you for your kind n affectionate words. All the best.
25. Sudhir  Dec 1, 2021 9:07:20 PM I Like It. | Report Abuse Reply
Dear Team members,
I have two dmat a/c of same name. In one dmat a/c I have 200 shares & 50 shares in second account at record date which is below of 2 Lacs limit. May I submit both accounts shares for buyback. Please advise.

Regards
25.1. lokes  Dec 2, 2021 1:00:07 AM I Like It. | Report Abuse
@sudhir: if both demat account belongs to same pan number then combined shares will be considered on record date for calculating retail category. So with 250 shares, ya you will be in retail category.
Yes you can submit shares from both demat for buyback via your broker.
Record date is still not announced for moil buyback.
25.2. Sudhir  Dec 2, 2021 1:05:04 PM I Like It. | Report Abuse
Thanks Lokesji for your kind advise.
Regards
24. LABHesh Padia  Dec 1, 2021 2:20:38 PM I Like It. | Report Abuse Reply
Team Chittorgarh,

I heard James warren Tea also come with buyback offer at 295 and CMP is 295.

If yes than please open separate page for the same.

Regards

LABHesh
24.2. ColdBurger  Dec 2, 2021 12:15:26 AM I Like It. | Report Abuse
It seems simply a avoidable buyback offer. Too risky for the buyback margin. IT may drift back to sub 200 after record date.
24.3. KAMMA SIVA RAMA KRISHNA  Dec 2, 2021 9:25:52 AM I Like It. | Report Abuse
Sir,
I am of the opinion that one can purchase some shares ( Half of the normal investment generally made in each buyback) if available @ Rs. 245/-. Of course the size of the buyback is a small one. We can take a reasonable risk. Thank you.
23. IPO smart  Nov 30, 2021 2:34:59 PM I Like It. | Report Abuse Reply
Respected KAMMA SIVA RAMA KRISHNA Sir.
Thank you for valuable guidance wrt buyback. You and aniket sir are true guru in this regard. Your writing skills are amazing and I can not express in words here. I have purchased qty 1000 MOIL @ 170.34 today. Hoping for best.
Keep guiding us always.
Warm Regards.
23.1. KAMMA SIVA RAMA KRISHNA  Nov 30, 2021 3:34:24 PM I Like It. 4 | Report Abuse
Sir,
I humbly submit that I wholeheartedly admire Aniket ji for his kindness in sharing his valuable views on IPOs, secondary market, buybacks and what not, which ultimately helps in learning n earning. As the gem is somehow not in a position to express his kind views here in the buyback pages, I thought that the readers should not be deprived of any required help. So, whatever little knowledge I do have, I am trying to share. Had the precious gem is active here, I wouldn’t have to share my ill knowledgeable n inexperienced views which may result in losses to the readers. That’s what I am afraid of very often while responding to the queries of the readers.
I also join you to welcome the true IPO GURU Aniket ji here to the Buyback pages to deliver the best for the benefit of the readers.
Thank you.
23.2. JIgar A  Dec 1, 2021 10:24:07 PM I Like It. 1 | Report Abuse
@ksrk sir,
Very true.
We all r waiting for Aniketiaf sir guidance.
Aniket sir, Kindly consider our humble request and gives ur views on buyback pages.
Thank u.
22. Amit Pathak  Nov 30, 2021 11:34:44 AM I Like It. 1 | Report Abuse Reply
If I will apply for 1 lakh amount then 30000 would be accepted for buyback with arround 6000 profit ( at 205 Buyback price from today ) and rest 70000 would remain hold at CMP price ? Am I right Kamma Sir .

What will be time period to get credited amount If I will buy today.
22.1. KAMMA SIVA RAMA KRISHNA  Nov 30, 2021 12:05:53 PM I Like It. 3 | Report Abuse
Sir,
Suppose you have purchased 600 shares @ Rs. 169/- today. As the accepted ratio is always better than the Entitlement ratio, it is suggested to tender all the 600 shares for buyback. Whatever the no. of shares they accept, depending upon the holdings as on the record date, they will retain and the balance of shares will be credited back to your dmat account. Then it is upto you to decide whether to sell or to hold for some time. The resultant amount of the buyback of the shares will be credited to your bank account on the specified date. Coming to the point of profit, it mainly depends upon the Acceptance Ratio of the shares tendered for the buyback, Selling price of the unaccepted shares after the buyback etc., You will find the particulars regarding the period of buyback, last date for settlement of the buyback amount etc., in the offer letter sent to you after around 20 days from the record Date.
Please go through all the comments in the buyback pages to better understand the topic. Hope that the above helps you to understand to certain minimum extent. Thank you.
21. Harjit  Nov 30, 2021 12:34:03 AM I Like It. | Report Abuse Reply
@Experience Members
64 percent stake is already with the central government, So will the buyback be done from rest of the stake ?
21.1. KAMMA SIVA RAMA KRISHNA  Nov 30, 2021 6:23:03 AM I Like It. 1 | Report Abuse
Sir,
Buyback will also be from the stake of the government as government will also participate in the buyback by tendering the shares to the company to best utilise the opportunity due to the advantage of the difference between the Buyback price and Market price. Thank you.
20. KAMMA SIVA RAMA KRISHNA  Nov 29, 2021 6:57:57 PM I Like It. 2 | Report Abuse Reply
Board of directors of James Warren Tea Limited approved the buyback of 8,42,717 shares through Tender Offer @ Rs.295/-. CMP Rs.259/-. Promoters group is also interested in participating in the Buyback. Record Date is yet to be announced. Small size buyback. Not that much attractive.
20.1. lokes  Nov 30, 2021 2:00:46 AM I Like It. | Report Abuse
There is not much price difference also in cmp and buyback price.
19. spd  Nov 29, 2021 11:44:28 AM I Like It. | Report Abuse Reply
Can I buy MOIL at CMP today?
When is the cut-off date?
19.1. lokes  Nov 30, 2021 1:58:29 AM I Like It. 1 | Report Abuse
Yes moil can be bought anytime until Buyback record date which is still not announced.
18. spd  Nov 29, 2021 11:03:44 AM I Like It. | Report Abuse Reply
Can I buy MOIL at CMP today?
When is the cut-off date?
17. IPO Reddy  Nov 24, 2021 12:40:46 PM I Like It. 1 | Report Abuse Reply
@ KSRK sir,
Is it advisable to buy any number of shares for buyback,
I'm a very small retail investor, I can afford upto 100 shares.
i have 10 demat accounts of my family members & friends
Buying 10 shares from each account is more acceptable or buying all 100 shares from single account is more acceptable

Thanks in advance sir (ధన్యవాదాలు)
17.1. KAMMA SIVA RAMA KRISHNA  Nov 24, 2021 8:45:22 PM I Like It. 1 | Report Abuse
Reddy garu,
Only in exceptional cases even holding of the single share is accepted for the buyback. Normally, “buying all 100 shares from single account is more acceptable“ is believed to be more advantageous. All the best in all your efforts in this regard. Bhagavadanugrahamu meeku yellappudoo vundaalani korukontunnaanu.
17.2. IPO Reddy  Nov 25, 2021 10:10:43 AM I Like It. | Report Abuse
@ KSRK sir,
thanks for your quick response sir
the only one person who gives reply ASAP after seeing messages in this forum
16. jigar  Nov 20, 2021 3:39:54 PM I Like It. 1 | Report Abuse Reply
@ KSRK sir,
Can I buy MOIL in different dmt account for better AR?
Is that any benefit ?
16.3. Jigar  Nov 20, 2021 11:38:34 PM I Like It. 1 | Report Abuse
@KSRK sir,
Really, I got to learn a lot from you & our gem Aniketiaf sir in buyback.
Thank You Very Much
16.4. ColdBurger  Nov 23, 2021 12:16:14 AM I Like It. | Report Abuse
@KSRK Ji- Thanks for explaining the Retail category limit. I have started to accumulate MOIL. since market is in downward from last few sessions i am doing in steps to avoid further loss.
15. GJ 😀  Nov 21, 2021 10:17:45 PM I Like It. | Report Abuse Reply
@Experienced members,

I am new to buybacks, so may ask questions that are very obvious, please consider. Thanks.

Can/Should one buy shares of Moil for approx 1 lac, considering the current price of around 172, and buyback price of 205?

Generally what I observed is,
that share price touches (or comes in nearby range) to buyback price 1-2 days before buyback date, right?
15.4. lokes  Nov 22, 2021 5:39:39 PM I Like It. 1 | Report Abuse
@GJ:
this below thing, which you mentioned, happens in very few cases, else everyone can buy always after buyback announcement and can sell in buyback or open market for 20-30% gains :) there are many examples where it goes more down after record date like star cement and many others. Anyways for moil, yes you can buy around 170 rs upto 1000 quantities.

"Generally what I observed is,
that share price touches (or comes in nearby range) to buyback price 1-2 days before buyback date, right? "
15.5. GJ 😀  Nov 22, 2021 5:43:18 PM I Like It. | Report Abuse
@lokes,
Yes, I understand that part. For a large sized Buyback like Moil with good AR, one can either take advantage of tendering or sell in secondary market.

Btw,
Brought 1st lot (out of many), will observe and add more till 800-1000 quantity I think.
14. Param  Nov 22, 2021 11:22:16 AM I Like It. | Report Abuse Reply
I have three different accounts with three different pan no. And I have 1 lakh to invest should I invest all money in one account or invest in three different account ?? Does it make any difference?
14.1. KAMMA SIVA RAMA KRISHNA  Nov 22, 2021 12:05:09 PM I Like It. 1 | Report Abuse
Param ji,
When the amount is Rs.1 lakh only, invest in one account. Buyback is different from IPO. Yes, sometimes like having one share in each account and that is accepted for Buyback then only it is advantageous to have shares in different accounts. Thank you.
13. ColdBurger  Nov 14, 2021 3:26:39 PM I Like It. | Report Abuse Reply
@ksrk sir- How much qty you suggest for small investors? I can divide purchase between two demat. Moil has a target of 225-240 range from some brokerage. I only worry it does not go down like SAIL.
13.1. KAMMA SIVARAMAKRISHNA  Nov 14, 2021 9:27:47 PM I Like It. 2 | Report Abuse
Sir,
I suggest 1000 shares for each account of the small investors. Let us be positive and proceed to purchase. All the best.
13.2. ColdBurger  Nov 21, 2021 10:45:32 PM I Like It. | Report Abuse
Thank you!🙏
12. GJ 😀  Nov 18, 2021 3:00:00 AM I Like It. | Report Abuse Reply
@Admin @Team Chittorgarh.com

Why on this page (https://www.chittorgarh.com/report/latest-buyback-issues-in-india/80/)
This column (Issue Size - Amount (Cr))
Says 10 Cr for Moil
Instead of correct price
₹693.77 Crores

I think,
Same is wrong for every buyback.
12.1. lokes  Nov 19, 2021 6:20:45 PM I Like It. | Report Abuse
now its looking proper, may be its corrected
12.2. GJ 😀  Nov 21, 2021 8:23:07 PM I Like It. | Report Abuse
Yes, now it is working.
Earlier it was showing 10 and 8 only for all the companies.
11. German  Nov 19, 2021 11:22:03 PM I Like It. 1 | Report Abuse Reply
@KSRK sir

Could you please clarify on possibility of better acceptance in HNI or retail. Guess Aniket sir mentioned at some page that MOIL HNI may be more beneficial.

Any views from all members.
11.2. German  Nov 21, 2021 2:22:52 AM I Like It. | Report Abuse
@KSRK sir I have another query. Could you please share your views

Consider i buy shares of worth more than 2 lac before record date. For example shares worth 5 lacs, can i still apply in retail with lesser quantity of shares offering in buyback i.e. < 2 lac worth.
11.3. KAMMA SIVA RAMA KRISHNA  Nov 21, 2021 10:06:26 AM I Like It. 1 | Report Abuse
German ji,
Unless it is another account with a different PAN, NO please.
10. Labhesh  Nov 17, 2021 1:55:27 PM I Like It. | Report Abuse Reply
Dear Mentors,

Kindly guide about record date for moil buyback, if i buy 100 shares today/ or tomorrow (17-11-2021 or 18-11-2021) will i be able to participate in buyback.

Also guide me what would be the buyback acceptance ratio for retail.

Thanks in advance .

Regards

LABHesh
10.1. KAMMA SIVA RAMA KRISHNA  Nov 17, 2021 2:22:07 PM I Like It. 1 | Report Abuse
Though I am not a mentor, I humbly submit that you can purchase shares today or tomorrow also as the record date is yet to be announced. Acceptance ratio will be hopefully around 50% as I understand. Thank you.
10.2. labhesh padia  Nov 17, 2021 4:00:54 PM I Like It. | Report Abuse
Thank you Sir . . .

Regards

LABHesh
9. Growth Story  Nov 16, 2021 10:21:20 PM I Like It. | Report Abuse Reply
Moil BB opportunity looks very good
Expecting a very good AR
Entered today for BB
8. R J  Nov 16, 2021 10:55:13 AM I Like It. | Report Abuse Reply
Can I add more @cmp..and what tgt price should be?
8.3. lokes  Nov 16, 2021 3:54:05 PM I Like It. 2 | Report Abuse
@Jigar: for retail category, as u know it has to be under 2 lakhs and that amount (no of shares eligible for retail) is calculated based on share price on record date so KSRK is just mentioning as per assumption of 200 rs price (200*1000 = 2 lakh). Buyback price is 205 rs so on record date suppose price is 201 rs then you will not come under retail category if you buy 1000 shares but if price is touching 201 on record date itself then we can sell in market also.
So taking all these assumptions/thinking, KSRK suggested for 1000 shares to buy max to be under retail category.
8.4. Jigar  Nov 16, 2021 5:16:48 PM I Like It. 1 | Report Abuse
Lokes sir,
Thank u very much.