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Zerodha (Trading Account)
FREE Equity Delivery and MF
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Incorporated in 1962, MOIL is a miniratna state-owned manganese ore mining company. MOIL produces and sells different grades of Manganese ore including, (i) High-Grade ores for production of Ferro manganese, (ii) Medium grade ore for production of Silico manganese, (iii) Blast furnace grade ore required for production of hot metal and, (iv) Dioxide for dry battery cells and chemical industries.
MOIL operates 11 mines, 7 located in the Nagpur and Bhandara districts of Maharashtra and 4 in the Balaghat district of Madhya Pradesh. MOIL completes around 50% of the total dioxide ore requirement of India.
| Issue Period | January 28, 2022 - February 10, 2022 |
| Security Name | MOIL Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 33,842,668 |
| Issue Size (Amount) | ₹693.77 Crores |
| Buyback Price | ₹205 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | December 31, 2021 |
| Offer Opens On | January 28, 2022 |
| Last Date for receipt of Tender Forms | February 12, 2022 |
| Offer Closes On * | February 10, 2022 |
| Finalisation of Buyback Acceptance | February 18, 2022 |
| Last Date for settlment of bids | February 21, 2022 |
| Last Date for Extinguishment of Shares | February 28, 2022 |
| 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. |
| 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 |
| 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 |
| 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 |
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.
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MOIL Limited
MOIL Bhawan, 1A, Katol Road,
Nagpur - 440013,
Nagpur - 440013, Maharashtra
Phone: +91 712 2806208
Email: compliance@moil.nic.in
Website: https://www.moil.nic.in/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: moilbuyback@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
Registered Broker
The MOIL Buyback opens on January 28, 2022, and closes on February 10, 2022.
The MOIL Buyback last day to buy is not available as of now.
The MOIL Buyback is a Tender Offer.
MOIL Buyback Schedule
| Buyback Opening Date | January 28, 2022 |
| Buyback Closing Date | February 10, 2022 |
| Last Date for receipt of Tender Forms | February 12, 2022 |
| Finalisation of Buyback Acceptance | February 18, 2022 |
| Last Date for settlment of bids | February 21, 2022 |
| Last Date for Extinguishment of Shares | February 28, 2022 |
The MOIL Buyback is being offered at Rs ₹205 per share per equity share.
| 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. |
The record date for the MOIL Buyback is December 31, 2021.
The issue size of MOIL Buyback is of 33,842,668 equity shares at ₹205 per share aggregating upto ₹693.77 Crores.
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.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The MOIL Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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