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MOIL Buyback vs MPS Buyback

Comparison between MOIL Buyback and MPS Buyback.

Buyback Details

MOIL Buyback is a Tender Offer buyback proposed to list at BSE, NSE while MPS Buyback is a Tender Offer proposed to list at BSE, NSE.

 MOIL Ltd.MPS Ltd.
LogoMOIL Buyback LogoMPS Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹205 per share₹900 per share
Issue Size3,38,42,668 shares9,44,444 shares
Issue Size (Amount)₹693.77 Crores₹85.00 Crores
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.
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.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Lead ManagersIDBI Capital Markets & Securities Ltd.Ernst & Young Merchant Banking Services LLP
Necessity of the buyback

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.

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.

Buyback Timetable

MOIL Buyback and MPS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. MOIL Buyback Buyback record date is Dec 31, 2021. MPS Buyback Buyback record date is Dec 17, 2021.

 MOIL Ltd.MPS Ltd.
Record DateDec 31, 2021Dec 17, 2021
Offer Open DateJan 28, 2022Jan 14, 2022
Offer Closure DateFeb 10, 2022Jan 28, 2022
Last date for receipt of tender formsFeb 12, 2022Jan 31, 2022
Finalisation of buybackFeb 18, 2022Feb 08, 2022
Last Date for settlment of bidsFeb 21, 2022Feb 08, 2022
Last Date for extinguishment of sharesFeb 28, 2022Feb 15, 2022

Financial Details and Other Relevent Information

Comparison of MOIL Buyback and MPS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 MOIL Ltd.MPS Ltd.
Financial
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
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

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 746.30 674.45 709.27
Oct-2021 745.00 658.30 691.44
Sep-2021 734.00 657.50 695.77
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 779.00 675.35 709.71
Oct-2021 746.60 636.05 691.20
Sep-2021 730.00 662.00 696.11

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MOIL Ltd.MPS Ltd.
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