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MPS Buyback vs Weizmann Buyback

Comparison between MPS Buyback and Weizmann Buyback.

Buyback Details

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

 MPS Ltd.Weizmann Ltd.
LogoMPS Buyback LogoWeizmann Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹10 per share
Buyback Price₹900 per share₹60 per share
Issue Size9,44,444 shares14,12,515 shares
Issue Size (Amount)₹85.00 Crores₹8.48 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 35 Equity Shares out of every 284 shares held on the record date.
General Category for all other Eligible Shareholders 43 Equity Shares out of every 557 shares held on the record date.
RegistrarCameo Corporate Services Ltd.Bigshare Services 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) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

Buyback Timetable

MPS Buyback and Weizmann 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. Weizmann Buyback Buyback record date is Dec 10, 2021.

 MPS Ltd.Weizmann Ltd.
Record DateDec 17, 2021Dec 10, 2021
Offer Open DateJan 14, 2022Jan 13, 2022
Offer Closure DateJan 28, 2022Jan 27, 2022
Last date for receipt of tender formsJan 31, 2022Jan 27, 2022
Finalisation of buybackFeb 08, 2022Feb 04, 2022
Last Date for settlment of bidsFeb 08, 2022Feb 07, 2022
Last Date for extinguishment of sharesFeb 15, 2022Feb 14, 2022

Financial Details and Other Relevent Information

Comparison of MPS Buyback and Weizmann 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.Weizmann 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 Consolidated)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 464.21 982.82 964.82 1,066.67
Profit After Tax -0.89 49.22 43.20 85.69
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
Nov-2021 55.70 50.50 52.86
Oct-2021 65.00 45.75 54.26
Sep-2021 51.65 46.00 47.95
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
Nov-2021 55.50 50.60 52.90
Oct-2021 64.40 46.10 54.10
Sep-2021 50.85 45.40 47.89

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Compare:

MPS Buyback and Weizmann Buyback