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1 Comments

1. Vipin Agarwal

| Link|February 7, 2022 10:49:53 PMReply

Form other website I can see that retail quota is 50,76,400 shares for buyback of MOIL.

As of end of today (NSE), the tendered share submitted is 79,29,526 ..

So its the current AR is 64% as of now? I think it will come to 50% later on the last day.

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1.1. ColdBurger

| Link|February 8, 2022 3:25:50 AM

Only 50lak That will be very small. If 15% is for general then it should be around 100 crore(1,040,655,000). Need correct analysis to estimate outcome. How much %agw reserved for general?

1.2. ColdBurger

| Link|February 8, 2022 11:00:13 AM

I am really sorry for presenting the wrong numbers of shares. Actual that is INR equivalent. Only around 50.7 Lakh shares should be accepted from retail and it has already crossed that number, expecting AR around 40%.
@KSRK Sir Please share your valuable thoughts.

1.3. rahulagg

| Link|February 8, 2022 1:34:27 PM

@KAMMA SIVA RAMA KRISHNA Sir, @Lokes Sir
If MOIL buyback is not fully subscribed then will retail investors will get the benefit? Because as of now it is showing 31% on NSE website, while the retail portion is oversubscribed.

Thank you

1.4. Anuragsinghal

| Link|February 8, 2022 5:00:53 PM

Can we tender in general category?, my holding value is below 2 lakhs

1.5. KAMMA SIVA RAMA KRISHNA

| Link|February 8, 2022 7:17:18 PM

ColdBurger ji,
Yes, AR may be around 40% to 45%. Thank you n all the best.

1.6. KAMMA SIVA RAMA KRISHNA

| Link|February 8, 2022 7:20:21 PM

Rahulagg ji,
Probability cannot be ruled out. Hopefully looking forward for the final update of the bids. Thank you n all the best.

1.7. KAMMA SIVA RAMA KRISHNA

| Link|February 8, 2022 7:22:03 PM

Anurag ji,
Sorry, we can’t. Thank you n all the best.

1.8. lokes

| Link|February 9, 2022 3:31:05 PM

@vipin @rahulagg : yes if general category is not fully subscribed then retail category shares will be accepted in excess to 15%.
And from individual investors (category 3 in below link), all are not below 2 lakhs, it contains above 2 lakh category also. So all 1 crore shares tendered here are not from below 2 lakh retailers.

https://www.nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active

1.9. ColdBurger

| Link|February 9, 2022 10:37:50 PM

@KSRK sir- The current bid data on NSE is not reflecting correct numbers right? I assume AR to be below 30%. Brokers like Zerodha submit the bid on last date i guess. I did tender on 8th seeing the price pulling down from 180. Had it hit 185+ I would have sold in market. Was not tracking price much.

1.10. KAMMA SIVA RAMA KRISHNA

| Link|February 10, 2022 10:12:06 AM

ColdBurger ji,
Please wait with some patience. More than 5.11 crore shares by 11:00 hours of today, against the maximum acceptable of 3.38 crore shares, are found submitted for the buyback. AR in Retail Category may not be less than 40% in any case and hopefully even upto 60%. All the best. Thank you.