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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."

@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.