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MPS Buyback vs S H Kelkar Buyback

Comparison between MPS Buyback and S H Kelkar Buyback.

Buyback Details

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

 MPS Ltd.S H Kelkar and Company Ltd.
LogoMPS Buyback LogoS H Kelkar Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹900 per share₹210 per share
Issue Size9,44,444 shares29,00,000 shares
Issue Size (Amount)₹85.00 Crores₹60.90 Crores
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.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Shares out of every 17 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 109 fully paid-up Equity Shares held on the Record Date.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersErnst & Young Merchant Banking Services LLPKeynote Financial Services Ltd.
Necessity of the buyback

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.

The Buyback aims to :
i) Reward the shareholders.
ii) Optimize the capital structure

Buyback Timetable

MPS Buyback and S H Kelkar Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. MPS Buyback Buyback record date is Dec 17, 2021. S H Kelkar Buyback Buyback record date is Nov 12, 2021.

 MPS Ltd.S H Kelkar and Company Ltd.
Record DateDec 17, 2021Nov 12, 2021
Offer Open DateJan 14, 2022Dec 15, 2021
Offer Closure DateJan 28, 2022Dec 28, 2021
Last date for receipt of tender formsJan 31, 2022Dec 28, 2021
Finalisation of buybackFeb 08, 2022Jan 05, 2022
Last Date for settlment of bidsFeb 08, 2022Jan 06, 2022
Last Date for extinguishment of sharesFeb 15, 2022Jan 13, 2022

Financial Details and Other Relevent Information

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

 MPS Ltd.S H Kelkar and Company Ltd.
Financial
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
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
30-Sep-21 (Unaudited) 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 3,724.90 7,954.40 7,290.00 7,129.20
Profit After Tax 155.90 797.10 319.20 449.70
Net Worth 6,403.70 6,349.70 5,687.30 5,965.50
Reserves and Surplus 4,990.50 4,936.50 4,274.10 4,519.30
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 167.90 142.20 155.30
Sep-2021 175.10 145.20 162.20
Aug-2021 182.00 134.85 155.11
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2021 166.40 142.00 155.28
Sep-2021 175.50 148.25 162.27
Aug-2021 182.20 135.00 155.10

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MPS Ltd.S H Kelkar and Company Ltd.
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