January 28, 2022 - February 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 Period	January 28, 2022 - February 10, 2022
Security Name	MOIL Limited
Issue Type	Tender Offer
Issue Size (Shares)	33,842,668
Issue Size (Amount)	₹693.77 Crores
Buyback Price	₹205 per share
Face Value	₹10 per share
Listing At	BSE, NSE

MOIL Buyback Issue Timetable

Record Date	December 31, 2021
Offer Opens On	January 28, 2022
Last Date for receipt of Tender Forms	February 12, 2022
Offer Closes On *	February 10, 2022
Finalisation of Buyback Acceptance	February 18, 2022
Last Date for settlment of bids	February 21, 2022
Last Date for Extinguishment of Shares	February 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	179.80	156.35	170.92
Oct-2021	174.55	154.70	164.37
Sep-2021	181.30	156.25	165.23

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2021	179.80	157.15	170.96
Oct-2021	174.70	154.50	164.36
Sep-2021	181.50	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

Letter of Offer

MOIL Buyback Rating

4.1

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

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: https://ipo.bigshareonline.com/ipo_status.html

MOIL Buyback Manager

Lead Manager(s)

Idbi Capital Market Services Limited

Registered Broker

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

Find MOIL Buyback Latest Update

MOIL Buyback FAQs

The MOIL Buyback opens on January 28, 2022, and closes on February 10, 2022.

The MOIL Buyback last day to buy is not available as of now.

The MOIL Buyback is a Tender Offer.

MOIL Buyback Schedule

Buyback Opening Date	January 28, 2022
Buyback Closing Date	February 10, 2022
Last Date for receipt of Tender Forms	February 12, 2022
Finalisation of Buyback Acceptance	February 18, 2022
Last Date for settlment of bids	February 21, 2022
Last Date for Extinguishment of Shares	February 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.

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

The issue size of MOIL Buyback is of 33,842,668 equity shares at ₹205 per share aggregating upto ₹693.77 Crores.

Letter of Offer

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

82. KAMMA SIVA RAMA KRISHNA

3| Link|January 31, 2022 8:44:35 PM

Emami is likely to consider the Buyback of the shares during the meeting of the Board of Directors on 03/02/2022. However, the previous buyback in 2020 was through the Open Offer. Let’s wait and see the outcome of the meeting of the Board of Directors. Thank you.

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82.4. KAMMA SIVA RAMA KRISHNA Link|February 5, 2022 8:19:29 AM

Prasen ji,
BUYBACK of HGS shares is likely to be during the last week of this month/ first or second week of March. It’s only a presumption.No confirmation of the period of the buyback so far.
In the open market mode, buyback of shares will be done through the stock exchange at the then prevailing rates. No fixed price. The period of buyback will be for a longer period. Not of any advantageous position to the investors except the probability of price increases to certain extent before or during the period of buyback.
In the case of Tender route, the price will be a fixed one and the period of the buyback will be normally for two weeks only. Process will be through the Registrar of the buyback. As you will be knowing the price of the buyback, you can take a decision whether you can participate by purchasing the shares afresh duly ensuring that the shares will be credited to the Dmat account by the record date.
If you go through the messages in the buyback pages, you will definitely be understanding better. Thank you.

82.5. Prasen Ipo Link|February 5, 2022 9:51:31 AM

Thanks sir for your valuable suggestion .

81. Manoj Link|February 5, 2022 1:06:44 AM

For Moil Ltd. I have 5000 shares of the Moil Ltd. And my entitlement for buyback offer is only 679 shares…

Now the share price is approximately equal to my purchase price… So what should I do? should I tender all 5000 share in buyback offer or should I tender only 679 shares and sell the remaining shares in the market before 10 February 2022?
please guide

80. ColdBurger Link|February 4, 2022 11:33:22 PM

Looking at price action..seems AR will be least 60%. What experts have to say?

79. Pigeon Link|February 4, 2022 10:23:45 AM

@Experts, why sudden spike in MOIL share price?

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79.3. lokes

1| Link|February 4, 2022 4:26:23 PM

@pigeon @ganesh: record date is 19th feb for moil dividend and buyback settlement is 21st feb. Dividend amount will be declared in board meeting on 11th feb. And share price sometimes increases in tender period since some people may buy to tender in buyback who might have sold after record date.

79.4. ganesh jaiswal

1| Link|February 4, 2022 7:26:51 PM

@lokesh ji, MOIL has sent a new intimation to NSE/BSE on 3rd evening of change in record date to 26 February. Be sure its after buyback period.

78. ColdBurger

2| Link|January 31, 2022 10:59:44 PM

Price of MOIL on record date i.e. 31st Dec 21 was 169.10 which is lower than my acquisition cost per unit. Do I have any tax liability? Or it is Govt. liability to pay me refund 😊😁😁(on lighter note.. they are such a sucker...life goes paying tax..)

78.1. ganesh jaiswal Link|February 4, 2022 12:28:36 PM

No tax liability on share tendered in buyback. even acquisition price of MOIL for me was Rs. 139 only, but hopefully I would not have to pay any LTCG on accepted shares under buyback.

77. Priti Link|February 2, 2022 12:01:37 PM

I have received mail for buyback and link also. But it is not accessible for buy back. What to do?? IIFL is my broker.

77.1. ganesh jaiswal Link|February 4, 2022 12:25:35 PM

one of my old Demat account with Reliance securities have same problem. I wrote to customer care for the buyback with the quantity to be tendered. they have tendered the quantity after one day.

76. Anuragsinghal Link|January 29, 2022 4:28:42 PM

Can anybody pose link to check demand schedule ?

76.1. lokes Link|February 1, 2022 5:21:05 PM

https://www.nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active

76.2. Anuragsinghal

1| Link|February 2, 2022 10:39:53 AM

thank you so much @lokes

75. Pigeon Link|February 1, 2022 7:15:51 AM

@KSKR Sir, @Lokes Sir.. I tendered all the shares in Zerodha, when will the shares debited from my account?

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75.3. lokes

3| Link|February 1, 2022 11:41:14 PM

@pigeon: In zerodha, they mark shares for debit on last date or after last date of tender i think. Then you will not see shares in portfolio. Now you can see but anyways you can't (should not) sell so it doesn't matter when shares are debited from account. In actual, you can sell shares still in open market from your zerodha account, then your buyback order will fail later when it will go to exchange. I had checked with them on call during nucleus buyback.

75.4. Pigeon

1| Link|February 2, 2022 2:56:31 AM

@lokes Sir. Thanks a lot!!

74. ColdBurger Link|January 31, 2022 11:00:58 PM

Zerodha has not sent me any email to tender in Buyback!! They should send me email or not? Hope no trick here for me. Planning to submit tomorrow as price movement is bad.

74.1. lokes

2| Link|February 1, 2022 5:15:17 PM

There will not be any mail from Zerodha. Mail will come from registrar only. You can simply place buyback order for your shares in zerodha yourself in console/corporate actions.

74.2. ColdBurger

1| Link|February 1, 2022 10:54:10 PM

Thanks for confirming. Please ignore my query in another post about that.

73. German Link|January 29, 2022 1:43:15 PM

I have demat account in Angel. But strangely did not get an email for tendering. Anyone else facing the issue.

73.1. lokes Link|February 1, 2022 5:22:41 PM

which Demat account doesn't matter....if you had shares on record date, then you should receive mail. you can check in spam folder also once in your email.
You can just verify which email id is given with your demat acocunt.

73.2. ColdBurger Link|February 1, 2022 10:53:24 PM

I got ER the email from MOIL but not Zerodha. Is there any issue in my case?
I have not tendered yet.
@Lokes.. Did you receive email from Zerodha as they are your broker?

72. ganesh jaiswal

1| Link|January 28, 2022 7:05:17 PM

Tendered all shares today. 50% of these were allotted in MOIL IPO, subsequent bonus and dividend re investment.
Expecting 50% AR in retail hopefully.

71. Akshu Link|January 28, 2022 9:06:51 AM

I hv 3 demat account in each I have moil shares. But I got the buyback mail for 2 account only eventhough I hv purchased in all acc before buyback. Why is that?

71.1. Akshu Link|January 28, 2022 9:54:13 AM

*before record date..

71.2. IPO Mitr

1| Link|January 28, 2022 2:38:08 PM

Buyback entitlement is based on number of shares available in your demat account on Record date not on number of shares bought before Record date.

70. LABHesh Padia Link|January 28, 2022 11:41:37 AM

Today i have tendered all my shares (321) for Buyback.

Hoping for the best .

Regards

LABHesh

69. ColdBurger

1| Link|January 18, 2022 10:23:54 PM

Based on comments on another site..
If ER is declared then i can sell my extra shares and submit only ER %age and get 100% acceptance?

Like below:
Shares: 1000
ER: 45%
Sold: 55% (550) in open market post ER declaration
Submitted to Buyback: 45% (450) and got all accepted.

Is the above valid or I still have to submit 1000 shares to get 450 shares accepted? Participating first time so don't have any practical knowledge.

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69.1. KAMMA SIVA RAMA KRISHNA

2| Link|January 19, 2022 9:28:10 AM

Sir,
Though it is correct, it is suggested to tender the maximum possible shares held on the Record Date to get the maximum benefit as AR is likely to be more than the ER due to non tendering of all the/some of the shares by the investors due to their own reasons. Thank you.

69.2. ColdBurger Link|January 19, 2022 11:16:40 AM

Thanks @KSRK Sir.... i will follow your advice. Hope for the best in combination of profit and learning.

69.3. Asoke Sarkar

3| Link|January 22, 2022 7:30:40 PM

@Coldburger
Your point is valid as ER is the minimum number of entitlement.
But what will happen if you tender 1000 shares?

AR = ER +additional ratio, ER is constant so additional ratio will matter
Suppose here additional ratio is 60% and you tender all 1000 shares, then number accepted will be 450 +60%×(1000-450)
=450+330=780
So overall AR stands at 78%
So in case of buyback tendering all shares is advisable.

69.4. ColdBurger Link|January 23, 2022 7:44:29 PM

@Asok Sarkar - In current market sell-off condition tendering all to buyback seems better. Thanks for your suggestion. Very unlikely it will cross 185 level which can give good profit in open sell. @KSRK sir is also in favour of tendering all. I do get confused sometimes mainly due to market volatility. Not sure which approch will yield better profit. So let go for tender all. Better for mental peace with no burden to track price every hour

69.5. ColdBurger Link|January 25, 2022 1:20:30 PM

@ Ashok asarkar, @ksrk ji- My only concern here is what if most investors take same approach and tender instead of open market sell? That will result in AR not exceeding 30% at max.? If that is true then my concern is genuine.. right? Most probably the tender offer window will face bearish market.

69.6. Asoke Sarkar

1| Link|January 25, 2022 8:27:47 PM

@Coldburger
Moil is fundamentally a very strong company. It is undervalued because it is a psu.
It is a big buyback of about 14.23%.Recently a trend is visible for buying by the retailers only for participating in Buyback ,the extent of which is not yet clear. But it will certainly reduce the AR. Here guess work will not do as because the picture will be clear only after the tendering process is concluded. In some earlier cases , in the same situation, I have enjoyed 80 to 100% AR. So a big AR can not be ruled out. So wait with patience .
In this connection, take note of it that consequent upon buyback, the unacceped shares will carry an extra weight of 15% .
Thanks

69.7. Pigeon

1| Link|January 27, 2022 12:10:21 PM

@Asoke Sarkar @lokes Could you please help me to understand 15% extra weightage stuff?

69.8. ColdBurger

1| Link|January 27, 2022 1:09:56 PM

@Pigeon - I too had same question but i understood that 15% as the reduction of 15% shares from market. But still have one question- If those 15% extra shares are with the company then how it affects the value of remaining 85% of the equity? will those 15% shares cease to exist post buyback?

69.9. IPO Mitr

1| Link|January 27, 2022 2:43:05 PM

Post buyback 15% shares will be "extinguished".

69.10. Asoke Sarkar

1| Link|January 27, 2022 3:26:18 PM

@ pigeon and @ Coldburger
Company will buyback 14.23% share and money will come from the reserve of the company. So this shares will no longer exist.
Suppose , the company had 100 shares in all .Post buyback the number will be 85.77. Earlier one share represented 1/100 of the company, Now it will ccarry 1/85.77 of the company.So post buyback weight of the share will be 100 ÷ 85.77 that means that the weight will increase by 16.6%.
Thanks

69.11. ColdBurger Link|January 27, 2022 4:47:17 PM

Thanks @IPO Mitr and @Asoke Sarkar for sharing the knowledge🙏

69.12. lokes

1| Link|January 27, 2022 7:11:10 PM

it results in better EPS mainly after buyback is over, since shares bought back in buyback will be extinguished so company's net shares count reduces.

68. ColdBurger Link|January 27, 2022 12:11:24 PM

From tomorrow we can tender in buyback. In IPO forum I read that if someone has only one share then tendering on first day of offer period results in 100 acceptance.. So is there anything related to better chance better we submit? Sorry if my question is foolish, first time going for buyback.

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68.2. Asoke Sarkar

2| Link|January 27, 2022 3:54:04 PM

Single share is sure to be accepted.
No preference like first come first serve even in case of single share .

68.3. Asoke Sarkar

1| Link|January 27, 2022 4:01:49 PM

Single share is accepted for sure.
No preference like first come first serve even in case of single share.

67. Manoj Link|January 24, 2022 10:28:40 PM

For Moil Ltd. I have 5000 shares of the Moil Ltd. And my entitlement for buyback offer is only 679 shares...
So what should I do? should I tender all 5000 shares in buyback offer or should I tender only 679 shares and sell the remaining shares in the market?

Is Government also participating in the buy back? (For the purpose of expected AR)
please guide Sir,
thank you

67.1. antarix

2| Link|January 25, 2022 11:49:12 PM

You should tender all the shares to get the maximum benefit as AR is likely to be more than ER.

Yes, government is also participating in the buy back. Buy back and Dividend are two methods by which government gets some significant funds from its cash rich PSUs.

66. IPO smart Link|January 20, 2022 10:41:24 AM

Respected all members
Just received mail from registrar for MOIL buyback. Entitlement 196 out of 1000. Regards

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66.1. ColdBurger Link|January 20, 2022 11:29:37 AM

Less than 20% ..that is very bad number!!

66.2. ColdBurger Link|January 20, 2022 11:35:22 AM

I too received 196. Ditched 12 k profit before record date and now will heave a small 5k profit at best. Turned out it to be a learning experience only. will sell extra share asap and submit only 250, hope that be be best choice. No onwards i will avoid buyback... i am active not passive investor.

66.3. KAMMA SIVA RAMA KRISHNA

1| Link|January 20, 2022 12:34:43 PM

Sir,
I believe that 19.6% ER is not a bad one. AR may be hopefully around 60%. Of course, you only not anyone else can decide regarding your participation in the buybacks. Thank you.

66.4. ColdBurger Link|January 20, 2022 1:23:47 PM

@KSRK Sir - Thanks for presenting your guess for AR which is great number but time will tell what happens.. Yes one has to take his call as per one's belief and understanding. Due to market condition and MOIL not crossing 185 before record date and also not expected to cross same before Buyback window end date, people submitting for buyback will be bigger and resulting in less AR. Post buyback tender the price most probably will correct heavily. I was expecting around 18K profit still will try to achieve 12k with open sell + buyback.

66.5. kishenharendra Link|January 20, 2022 2:36:47 PM

I would also like to mention that buyback profits are non taxable...so long term investors can tender and profits are tax free. ..one can buy them back from open market again of price doesn't improve

66.6. lokes

1| Link|January 20, 2022 4:34:08 PM

kishenharendra : for long term holders, tendering is not beneficial from tax point of view since already the long term holding before 31st Jan 2018 is tax free still and if someone tenders in buyback and then buy again then his new holding will have to pay tax whenever selling in long/short term.

@coldburger: if during buyback period or before, if share price comes around 180-185 anytime then you may consider selling in open market your 800 shares and tender only 196 eligible shares in buyback , to avoid risk of share price going down after tendering period like happening in nucleus software now, from 590 to 540 rs it came in 1 week.

66.7. ColdBurger Link|January 21, 2022 7:06:30 PM

@Lokes: I do agree, the market condition is wiping whatever profit i achieve in my portfolio. Waited for Federal to cross 102 and it gave reverse hit. seems time to book small profits. TCS also did reverse.

66.8. lokes

1| Link|January 22, 2022 11:55:04 AM

@coldburger: yes, booking profits is good habit when market is at high levels, thats why i informed you to keep stoploss in federal bank so that your profit is protected in case if the trend reverses. ya all shares like TCS etc went down due to unfavorable market in last 1 week. Andi feel MOIL also may not cross 180 till buyback period ends until some positive surprise by market or quarterly result.

66.9. Ou Ai Link|January 22, 2022 1:20:28 PM

@lokesh
On the long term holdings there is another view point that even, if capital gains are exempted up to the prices quoting as on 31 Jan 2018, it's better to tender as many as get accepted and seize the opportunity to take full capital gains benefit as on date. With indexes moving by 80% after 31st Jan 2018, and share prices soaring capital gains beyond 31st Jan is also big. Buy Back exempts gains before and after 31st Jan 2018 as well. Buying back the accepted same number of shares post buy back at current levels obviously will not attract benefits of 31st Jan 2018. However, shares bought back at current levels though are not exempted, their prices many times are unlikely to move in the same proportion as they moved past 15 years in linear graph. Take the very example of Ajanta Pharma. Their shares went up by 3 X before the last buy back. On Tendering in last buy back purchased back those shares. Those shares have moved up so far only 20% up to now. So each one has to see his own holding price, period and decide.

65. Radkrish Link|January 21, 2022 7:07:33 PM

Kamma Siva Rama Krishna ji

I hold 84 shares but got the mail for tendering only 16 shares. Can i tender all the 84 shares or would i be allowed to tender only 16 shares. If i can tender all the 84 shares then what is the relevance of ER.
Thanks in advance.

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65.2. KAMMA SIVA RAMA KRISHNA Link|January 21, 2022 8:53:36 PM

Auto correction resulted in addressing Radkrish ji as Ramkrishna ji. Sorry.

65.3. lokes

1| Link|January 22, 2022 11:51:39 AM

@Radkrish: Relevance of ER is that guaranteed those no. of shares will be accepted by company as per your entitlement. Means if you even tender 16 shares only, then all 16 will be accepted. But if you tender all 84 shares, then other than 16, some more shares will be accepted in proportionate method as per as per availability of shares due to non participation of everyone, and that final accepted shares ratio will be called as acceptance ratio.

64. Rajnikant V Hirpara Link|January 20, 2022 8:25:36 PM

In my Dp account as on 30.12.2021 i have 150 shares credited but I don't have any emil from Company.
So, is there any process ? Please give me gudience.

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64.2. Unknwon Link|January 21, 2022 3:55:43 PM

strange...even i havnt received the mail

64.3. Rajnikant Link|January 21, 2022 8:15:07 PM

Thank you Kamma Sir.
Today I Received Email.

63. LABHesh Padia Link|January 20, 2022 12:35:35 PM

Dear Team,

I have received mail from MOIL , Holding 321 Shares and Entitlement is 63.

Now please guide what to do ?

Shall i tender all the shares (321) or only 63 for buyback.

Also process for the same.

Thanks in advance.

Regards

LABHesh

63.1. KAMMA SIVA RAMA KRISHNA Link|January 20, 2022 1:00:22 PM

Sir,
It is suggested to tender all the shares held on the Record Date to get the maximum benefit as AR is likely to be more than the ER due to non tendering of all the/some of the shares by the investors due to their own reasons. Thank you.

63.2. LABHesh Padia Link|January 20, 2022 3:16:15 PM

Thank You Sir. . .

Regards

LABHesh

MOIL Limited Buyback (MOIL Buyback) Detail

MOIL Buyback Detail

MOIL Buyback Issue Timetable

Buyback Ratio

Company Financials

Stock price at BSE (in preceding 3 months)

Stock price at NSE (in preceding 3 months)

Necessity of the Issue

MOIL Buyback Documents

MOIL Buyback Rating

MOIL Buyback Reviews

Company Contact Information

MOIL Buyback Registrar

MOIL Buyback Manager

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122 Comments

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