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Jan 14, 2022 - Jan 28, 2022

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 PeriodJan 14, 2022 - Jan 28, 2022
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 AtBSE, NSE

MPS Buyback Issue Timetable

Offer Opens OnJan 14, 2022
Offer Closes OnJan 28, 2022
Record DateDec 17, 2021
Last Date for receipt of Tender FormsJan 31, 2022
Finalisation of Buyback AcceptanceFeb 8, 2022
Last Date for settlment of bidsFeb 8, 2022
Last Date for Extinguishment of SharesFeb 15, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 43 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 4,324.2 3,516.3 3,878.0
Profit After Tax 585.6 598.6 760.4
Net Worth 3,747.5 3,583.8 4,695.0

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 746.3 674.45 709.27
Oct-2021 745 658.3 691.44
Sep-2021 734 657.5 695.77

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 779 675.35 709.71
Oct-2021 746.6 636.05 691.2
Sep-2021 730 662 696.11

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

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4.1
Rating:Rated 4.1 stars
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MPS Buyback Reviews

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Company Contact Information

MPS Limited
RR Towers IV, Super A, 16/17,
Thiru Vi Ka Industrial Estate, Guindy,
Chennai-600 032, Tamil Nadu

Phone: +91-44 -49162222
Email: investors@mpslimited.com
Website: https://www.mpslimited.com/

MPS Buyback Registrar

  1. Cameo Corporate Services Limited
       Cameo Corporate Services Ltd.,
       Subramanian Building # 1, Club House Road,
       Chennai 600 002 - India

    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

MPS Buyback Manager

Find MPS Buyback Latest Update

MPS Buyback FAQs

The MPS Buyback opens on Jan 14, 2022, and closes on Jan 28, 2022.

The MPS Buyback is a Tender Offer.

MPS Buyback Schedule

Buyback Opening DateJan 14, 2022
Buyback Closing DateJan 28, 2022
Last Date for receipt of Tender FormsJan 31, 2022
Finalisation of Buyback AcceptanceFeb 8, 2022
Last Date for settlment of bidsFeb 8, 2022
Last Date for Extinguishment of SharesFeb 15, 2022

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

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 15 Equity Shares out of every 82 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 43 Equity Shares held on the Record Date.

You could sell MPS Buyback on Dec 16, 2021 to remain eligible for buyback. The record date for MPS Buyback buyback is Dec 17, 2021.

The record date for the MPS Buyback is Dec 17, 2021.

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.


22 Comments

22. ajay  
did anyone got money credit to the bank account?
22.1. Gaurav K  
Still money hasn't been credited for the buyback shares...is it credited for anyone?
22.2. Abhi IPO  
Credited in 2 out of 3 accounts on 8th Feb. still not done for 1 account. dont know why. Please let me know when its credited for you guys
21. sarita  
44% Acceptance ratio-Final
21.2. ajay  
HOW did get to know, did money get credited into bank account?
21.3. KAMMA SIVA RAMA KRISHNA  
Yes.
If anyone has the particulars of the link showing the bidding particulars of the shares for buyback by the MPS LTD, it is requested to kindly share for the information of the anxious readers. Thank you.
20.3. KAMMA SIVA RAMA KRISHNA  
In all, bids are submitted 3.48 times. Against the quantum of 9,44,444 shares, bids are submitted to the tune of 32,86,419 shares. Hopefully looking forward for reasonably good AR. Thank you.
20.4. Ou Ai  
@ksrk
Overall 3.48. Individual investors tendered over 12 lakhs shares. So have to wait and see the AR.
19. NKJ  
Anyone using Zerodha for buyback here?

I have tendered some shares for MPS yesterday, but in zerodha it is still showing pending..
Is it normal? Or do we need to do anything else? I am first time doing this.
19.1. NKJ  
Found more details here -
https://support.zerodha.com/category/trading-and-markets/corporate-actions/buyback/articles/how-do-i-apply-for-buy-back

I think now just wait.
18. Unknwon  
BUYBACK OPENS ON : Friday, January 14, 2022
BUYBACK CLOSES ON : Friday, January 28, 2022
18.1. Kenaben Harshilkumar Patel  
Please share buy back
17. bscca  
I am getting a problem in tendering shares through icici direct. ERROR MESSAGE was " Add Mandate facility not allowed for Sub broker:" Is anyone else getting that problem? How to resolve? Did it easily for another account through Zerodha.
17.1. Girish Tiwari  
I submitted through 3 click in icicidirect. Contact customer care of icicidirect
16. Kumar M  
Hi, Any one help me with the following questions.
1. What is the minimum number of shares to be kept on record date to participate in the buy back?
2. On which date the shares will be unblocked in case of not accepted shares and On which date the amount will be credited to bank account in case of accepted shares.

Thanks in advance..
16.1. Unknwon  
1. no minimum requirement, sometimes even one share got accepted by the company. otherwise small shareholder is < INR 2 lakhs and above that is general.
2. all the tendered shares will be debited from your account once the offer closes and within few days, on the settlement date, the amount will be deposited to the bank and the unaccepted shares will be credited back to dp. Refer the offer letter/email from Registrar for the timelines.
15. Sandeep  
I have not received any buy back mail from the registrar , anybody get the mail for tender..
15.1. KAMMA SIVA RAMA KRISHNA  
Sandeep ji,
If you have shares as on the Record Date, Registrar to the buyback will send you mail regarding the No. of shares held on the Record Date and the shares entitled for the buyback. If so, please verify the spasm of your mailbox. Some times,mail will be available in the spasm. Thank you.
14. KAMMA SIVA RAMA KRISHNA  
A VERY VERY GOOD NEWS TO ALL THE BUYBACK LOVERS:
The Board of Directors will consider a proposal for buyback of equity shares of the TCS Company, at its meeting to be held on January 12, 2022.
The above information is also available on the website of the Company: www.tcs.com.
Sir,
Today I have purchased 20 shares @ Rs.3880/-. After the Q3 results, I will purchase another 20 shares at a reasonably fair price. Thank you.
14.4. KAMMA SIVA RAMA KRISHNA  
Added 20 more at the price around 3870/-today. All the best n thanks to all of you.
13. JIgar A  
*TCS Buyback announced *

Actual Size : 18,000 Crore
Actual Price : 4,500/-
Actual Mode : Tender Route

2 to 3 month investment

acceptance ratio 80% confirm but can go to 100%

I bought 20 share today @3870
Will add small qty more if available below cmp.

Thank u very much.
12. NKJ  
Hi Experts,
I have couple of queries, please help me understand more regarding how buyback works:

1) If I am entitled to tender 50 share and if I tender 100 share then does company accept more than 50 shares?

2) Is it possible that company accept less than entitled shares. If I am entitled for 50 share and I tender 50 share then does all 50 get accepted?

Thanks in advance.
12.3. lokes  
@NKJ: yes it is guaranteed that 50 shares will be accepted if you tender only 50. Entitlement means that only. And if you tender more shares than your entitled, then always more shares will be accepted in proportionate (not depend on situation, normally its always more accepted) , that's why AR (acceptance ratio) is always more than ER (Entitlement ratio).
12.4. Puneet  
I have a confusion. Is the final Acceptance ratio proportionate to the number of shares held as on Record date or is it proportionate to the number of shares offered in buy back. Thanks
11. KAMMA SIVA RAMA KRISHNA  
My humble submission to all the concerned:

1. Before seeking any response, it may please be verified from all the pages of the buyback whether the required information is already available.

2. If you spare your time to refer to the old messages, you can understand that you are helping the readers who wish to answer your questions to spare their time to respond to the needy n unanswered queries.

3. Please understand the inconvenience and don’t get irritated, if your query is left unanswered. This may be due to already availability of the answers to the query in the earlier messages.

Sorry for my inability to respond to each and every one. Thank you n god blesses you all.

10. LearningIPO  
@Admin Please update the open/close dates.
9. DuckkyDuck  
Very good ER of 17.85% for reserved category.
I guess now AR could be above 35%. That is also because current price and buyback price is a lot of gap. If that gap decreases AR might be more than 35%
9.1. KAMMA SIVA RAMA KRISHNA  
Sir,
Thank you for your information n views.
8. Unknwon  
ER=18%
7. Arunarun  
Take your call seriously as last time bid ratio in smaller holder category was 100 out of 350 and in general category 100 out of 650
Fair high risk to lockin shares for nearly a month
7.1. KAMMA SIVA RAMA KRISHNA  
Sir,
Thank you very much for your information n views.
6. Unknwon  
touched 600 🙁...what to do?
5. sree vas  
recd date announced dec 17th
Sir,
Thank you very much for your update.
5.2. Unknwon  
@admin - pls update the record date to 17th Dec on the main page.

thanks
4. common man  
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  
@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  
Should we go for this buyback expert please advise...
3.1. lokes  
@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.