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MPS Limited Buyback (MPS Buyback) Detail

MPS Limited was established as an Indian subsidiary of Macmillan (Holdings) Limited in 1970. The company is primarily engaged in publishing information processing and e-business. The company's business is divided into 3 major segments: Content solutions, Platform solutions, and Learning solutions. MPS has partnered with leading enterprises, learning companies, publishers, libraries, and content aggregators globally.

MPS has a market capitalization of around INR 700 crores and employs more than 2,700 professionals. MPS has 7 delivery centers in India, 4 offices in Europe, and 6 client-servicing offices in the US.

MPS Buyback Detail

Issue Period
Security NameMPS Limited
Issue TypeTender Offer
Issue Size (Shares)0.09 Crores
Issue Size (Amount)₹85.00 Crores
Buyback Price₹900 per share
Face Value₹10 per share
Listing At

Buyback Ratio

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Necessity of the Issue

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

MPS Buyback Documents

MPS Buyback Rating

3
3.7
Rating:Rated 3.7 stars
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MPS Buyback Reviews

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Company Contact Information

MPS Limited
C 35, Sector 62,
Noida 201 307
India

Phone: +911204599750
Email:
Website: https://www.mpslimited.com/

MPS Buyback Registrar

MPS Buyback Manager

Lead Manager(s)

Find MPS Buyback Latest Update

MPS Buyback FAQs

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

The MPS Buyback is a Tender Offer.

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

The MPS Buyback is being offered at Rs ₹900 per share per equity share.

[.]

The MPS Buyback record date is not yet declared.

The issue size of MPS Buyback is of 0.09 Crores equity shares at ₹900 per share aggregating upto ₹85.00 Crores.

The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.

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 MPS 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.


4 Comments

4. common man  Nov 17, 2021 9:07:38 AM I Like It. | Report Abuse Reply
From bse site: market cap is 1289 Cr,
Out of which non promoter (free float) is 412 Cr. 83 Cr .
Issue size reserved for retail is 12 Cr, which is just 3 % of non promoter cap.
If someone has data, please shade light on % of shareholders having < 2 lakh holding.
4.1. lokes  Nov 19, 2021 7:26:38 PM I Like It. | Report Abuse
@common man: this data of shreholders having less than 2 lakh rs shares will never come in shareholding pattern so not easy to find out how many retail investors are having less than 2 lakh rs shares and how many are having more value shares.
3. sandeep nahar  Nov 13, 2021 8:20:24 AM I Like It. | Report Abuse Reply
Should we go for this buyback expert please advise...
3.1. lokes  Nov 14, 2021 1:01:34 PM I Like It. | Report Abuse
@sandeep: posting KSRK sir views for MPS buyback for you and others from other forum:

2.2. KAMMA SIVA RAMA KRISHNA Oct 28, 2021 20:27 I Like It. | Report Abuse
Sir,
Today I have purchased some shares @Rs.701/-. Tomorrow I will make two bids @ Rs.691/-and @ Rs. 681/-. Let us see. Though I am not an expert in this regard, I believe that the company is a good one and you will not be disappointed with the price of the unaccepted shares after the buyback. Reasonable amount of profit can be expected. Thank you.
2. ColdBurger  Nov 14, 2021 12:40:47 AM I Like It. | Report Abuse Reply
A/R estimate is something we need idea about.

"The Board of MPS at its meeting held on 27 October 2021 has approved buyback of up to 9,44,444 equity shares of the company of face value of Rs 10 each (representing up to 5.23% of the total paid-up equity share capital of the company as on 31 March 2021) at a price of Rs 900 per equity share for an aggregate amount not exceeding Rs 85 crore."
2.1. lokes  Nov 14, 2021 12:58:47 PM I Like It. 1 | Report Abuse
@coldburger: AR ratio depends on many factors like share price before record date, price of buyback, size of buyback, share price movement during buyback tender period. So we will get idea later once buyback will open for tendering.
1. KAMMA SIVA RAMA KRISHNA  Nov 12, 2021 9:01:23 PM I Like It. 6 | Report Abuse Reply
Admin.,
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1.1. sandeep nahar  Nov 13, 2021 8:21:57 AM I Like It. | Report Abuse
Should we buy this stock for buyback purpose... Please give your view ..
1.2. KAMMA SIVA RAMA KRISHNA  Nov 13, 2021 9:06:05 AM I Like It. | Report Abuse
Sir,
Please refer to the views expressed in this regard at other pages.