January 28, 2022 - February 10, 2022

MOIL Limited Buyback (MOIL Buyback) Detail

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.

MOIL Buyback Detail

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

MOIL Buyback Issue Timetable

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

Buyback Ratio

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.

Company Financials

Summary of financial Information standalone)
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

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

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.

MOIL Buyback Documents

Letter of Offer

MOIL Buyback Rating

4.1

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Company Contact Information

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/

MOIL Buyback Registrar

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

MOIL Buyback Manager

Lead Manager(s)

Idbi Capital Market Services Limited

Registered Broker

IDBI Capital Markets & Securities Limited
Email: charushila.parkar@idbicapital.com

Find MOIL Buyback Latest Update

MOIL Buyback FAQs

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.

Letter of Offer

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.

122 Comments

102. ARJUN'SEYE Link|February 17, 2022 5:02:23 PM

AR in general category is more than 65%.

102.1. KAMMA SIVA RAMA KRISHNA Link|February 17, 2022 5:58:24 PM

So, it is almost similar to that of Retail Category.

101. Akshu Link|February 15, 2022 11:35:48 AM

Hello all .. last date of settlment for buyback is 21st feb..is it mean that the shares which are not accepted for bb will return to demat on that day? and so we will get 3rps dividend as the record date is 26?

101.1. lokes Link|February 15, 2022 11:31:41 PM

yes you will get dividend on unaccepted shares if you keep holding them

100. Prashant Link|February 14, 2022 6:01:40 PM

WHEN WE GET STATUS OF AR% AND WHEN MONEY CREDITED IN OUR ACCOUNT ? @KAMMA SIVA RAMA KRISHNA SIR,

100.1. ColdBurger

2| Link|February 14, 2022 7:52:24 PM

Money should be credited latest by 21 Feb. Any shares liable to return will also return by 21 Feb.

99. rahulagg Link|February 12, 2022 1:11:10 PM

@KAMMA SIVA RAMA KRISHNA sir, @lokes sir
Can you please share the strategy for selling the returned shares of MOIL. Should we keep them till 26th February. MOIL Q3 result is good.

Thanks
Rahul

Load more comments (1 replies)

99.2. lokes

1| Link|February 13, 2022 6:12:52 PM

@rahulagg : yes you can hold till dividend record date or even later....results were very good....but better keep stoploss also after record date, means sell the remaining shares if prices going below 180 around....since many recent buyback shares went down a lot after buyback is over and then buyback profit may go away or will become less due to remaining shares loss.

99.3. rahulagg Link|February 14, 2022 12:45:57 PM

Thank you @KAMMA SIVA RAMA KRISHNA sir, @lokes sir for replying

98. Prashant Link|February 11, 2022 4:28:34 PM

3rs interim dividend declared record date 26/2

97. Manoj Link|February 10, 2022 11:30:59 PM

Moil Ltd bids till 10 Feb 11:30pm-
1 QIB-41,817,963
2 NII-1,181,207
3 Individual -12,197,171
Total- 55,196,341

Expert please guide –
Persons (i.e. in individual capacity) who have tendered above Rs. 2 lacs (General) will fall in which category? I mean under 3- individual category or under 2-Non institutional investor(NII)

What is expected AR for Small shareholders and General shareholders?

97.1. KAMMA SIVA RAMA KRISHNA

2| Link|February 11, 2022 4:57:40 AM

Manoj ji,
Please go through the messages in this regard in this page. You will be getting answers for your doubts. My earnest appeal to the readers is that they should go through all the messages of that particular buyback to better understand the topic, before raising a query. Thank you n all the best.

96. Prashant Link|February 10, 2022 4:36:48 PM

What is the latest status of buyback? What is the acceptance ratio in retail and general? Kama sivaji and other seniors of group please guide us

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96.3. ColdBurger Link|February 10, 2022 8:59:43 PM

@KSRK Sir- Will the bid quantity increase further or 12197171 is the final qty for individual investors? what your past experience tells?

96.4. KAMMA SIVA RAMA KRISHNA

1| Link|February 11, 2022 4:47:16 AM

ColdBurger ji,
Most probably, it will not increase. In exceptional cases, there may be a little addition to the figures due to unavoidable circumstances. Thank you.

95. antarix Link|February 10, 2022 2:37:53 PM

Shares tendered in Retail are now 1.20 crore against 50.76 lakh quota. So, AR is now 42% in retail category. Let's see what is the final number at the end of the day.

95.1. KAMMA SIVA RAMA KRISHNA

2| Link|February 10, 2022 6:01:11 PM

Antarix ji,
I once again reiterate that all the individual investors are not exclusively Retail Investors. Individual investors include some of the investors who might have been submitted the shares worth more than Rs. 2 lakh (as on the Record Date) which may be considered under general category. I am of the opinion that the AR would be around 50%. Thank you.

94. amit K singh Link|February 10, 2022 5:12:07 PM

I am expecting AR of around 56% for retail based on current buyback subscription data... let's see..

94.1. KAMMA SIVA RAMA KRISHNA

1| Link|February 10, 2022 5:53:11 PM

Amit ji,
Thank you very much for sharing your views on the AR. Hopefully looking forward for the good AR as you mentioned. To be so frank, I have expected around 50%. Very kind of you,Sir. Please continue to help me by sharing your views on all the forthcoming Buybacks.

93. Noor Link|February 10, 2022 12:52:12 PM

@KSR sir @Lokes @ Noorul @ all mentors... request your guidance to understand when can a retail investor buy the share when a buy back gets announced...for example if I buy moil, mayur ubiquoters and kpr mills today @ 10 Feb will I be able to pledge my shares to company to buyback...

93.1. KAMMA SIVA RAMA KRISHNA

1| Link|February 10, 2022 1:39:52 PM

Noor ji,
No for MOIL as today is the last day for bidding the shares for the buyback.
In case of the KPR MILL, the Record Date is 19/02/2022. So, you can purchase upto 15/02 if you wishes so. In case of the MAYUR UNIQUOTERS, the Record Date is 23/02/2022. So, you can purchase upto 18/02 if you wishes so. 19/02 n 20/02 are holidays.

93.2. Learntrade

1| Link|February 10, 2022 1:56:29 PM

@KSR sir...thank u for the help..much appreciated...I am relatively new to this platform...wanting to learn new and effective ways to invest wisely...I have been reading through the advices of experts on this forum and I would want to thank u all(experts) for guiding us...keep mentoring us

92. Vipin Agarwal Link|February 7, 2022 11:49:53 PM

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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92.1. ColdBurger Link|February 8, 2022 4:25:50 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?

92.2. ColdBurger Link|February 8, 2022 12:00:13 PM

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.

92.3. rahulagg Link|February 8, 2022 2:34:27 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

92.4. Anuragsinghal Link|February 8, 2022 6:00:53 PM

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

92.5. KAMMA SIVA RAMA KRISHNA Link|February 8, 2022 8:17:18 PM

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

92.6. KAMMA SIVA RAMA KRISHNA Link|February 8, 2022 8:20:21 PM

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

92.7. KAMMA SIVA RAMA KRISHNA Link|February 8, 2022 8:22:03 PM

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

92.8. lokes

2| Link|February 9, 2022 4:31:05 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

92.9. ColdBurger Link|February 9, 2022 11:37:50 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.

92.10. KAMMA SIVA RAMA KRISHNA

2| Link|February 10, 2022 11:12:06 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.

91. IPO Mitr

1| Link|February 9, 2022 11:36:39 PM

Mayur Uniquoter Buyback is coming up subject to shareholder approval.

Only 650000 shares will accepted in buyback which is too small a number to be effective for new investors in stock.

91.1. IPO Mitr Link|February 10, 2022 12:42:05 AM

typo 625000 shares 1.4 % total paid up shares

90. rahulagg Link|February 7, 2022 2:55:08 PM

@KAMMA SIVA RAMA KRISHNA Sir, @Lokes Sir
Please guide me on KPR Mill Buyback, Should I apply for the buyback. If yes, at what price should I purchase?

Thank you
Rahul

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90.1. KAMMA SIVA RAMA KRISHNA Link|February 7, 2022 3:18:16 PM

Sir,
You may purchase some say 200 @ Rs. 388/-(CMP). All the best.

90.2. KAMMA SIVA RAMA KRISHNA Link|February 7, 2022 3:34:08 PM

I have purchased some shares @ Rs. 390.05.
Thank you.

90.3. KAMMA SIVA RAMA KRISHNA Link|February 7, 2022 3:45:45 PM

Sorry, it is Rs. 690.05

90.4. rahulagg Link|February 7, 2022 3:48:27 PM

Thank you sir

90.5. Newrookie Link|February 8, 2022 11:50:56 AM

@KSR Ji Can we buy KPR at this level

90.6. IPO Mitr

1| Link|February 8, 2022 1:59:36 PM

Bought first lot of small qty @ 658.05

90.7. KAMMA SIVA RAMA KRISHNA

1| Link|February 8, 2022 8:10:58 PM

Newrookie ji,
Please don’t hesitate to purchase 100 to 150 shares at the CMP of around Rs. 658/-. The size of the buyback is considered to be not a big one to use full force. Thank you.

90.8. KAMMA SIVA RAMA KRISHNA Link|February 8, 2022 8:12:46 PM

IPO Mitr ji,
Congratulations for your timely purchase. All the best. Thank you.

90.9. Newrookie Link|February 8, 2022 9:26:07 PM

Thank you KSR ji

90.10. lokes Link|February 9, 2022 4:24:56 PM

@rahulagg @Newrookie : yes kpr mills can be purchased at current levels but in my opinion don't take too much big bet here, this share has a very good run up already in this year. I bought some shares today at 651.
Record date is 19th feb, last day to buy with buyback eligibility is 16th feb.

90.11. rahulagg

1| Link|February 9, 2022 4:49:39 PM

Thank you @lokes sir for replying to both queries.

89. antarix Link|February 9, 2022 1:07:47 PM

Strangely, Zerodha is showing closing date as 9 Feb (6 pm) instead of 10 Feb. Today, I offered my shares, all of them.

89.1. lokes

1| Link|February 9, 2022 4:20:26 PM

@antarix: it opens one more time till next dayl 1.30pm. Check note 3 in below link.
https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back

88. Pigeon Link|February 8, 2022 5:08:02 PM

No of shares bid under retail category = 9218146
Total shares allocated for retail = 5070000
So, it's nearly 2x subscription. Still 2 more days to go...

88.1. KAMMA SIVA RAMA KRISHNA

1| Link|February 9, 2022 1:07:01 PM

Pigeon ji,
You may be well aware that all the individual investors are not exclusively Retail Investors, but also include a few investors who might have submitted bids of shares worth more than Rs. 2,00,000/- individually. Thank you n all the best.

88.2. Pigeon

1| Link|February 9, 2022 2:16:47 PM

I wasn't aware of this. Thanks for sharing.. Learning so many things from you and Lokes Sir.

87. IPO Mitr

1| Link|February 8, 2022 12:40:11 PM

INR 2.5 to INR 3.5 dividend expected ..Record date 26/02/2022.

86. amit K singh Link|January 29, 2022 11:35:17 PM

KPR Mill board meeting on 7th Feb for buyback.. will wait for buyback details, tender/open market route, buyback price till then..

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86.5. amit K singh Link|February 8, 2022 9:23:37 AM

KSRK sir, even though buyback size is small, there is a good arbitrage opportunity. Share is also doing reasonable well.. one can purchase in small quantity..

86.6. KAMMA SIVA RAMA KRISHNA

1| Link|February 8, 2022 9:37:57 AM

Amit ji,
Thank you very much for your kind guidance. I shall be ever grateful to you for your kindness.

85. JIgar A

1| Link|February 7, 2022 2:46:57 PM

KPR Mills Tender Route Buyback Approved

Buyback Price : 805/- Per Shares
Buyback Size ₹ : 180 Crore
Buyback Size in Shares : 22,36,000

Retail Quota 15% Of Size : 3,35,400 Shares
Record Date for Eligibility : 19 February, 2022

84. antarix

1| Link|February 4, 2022 8:31:50 PM

Against issue size of 3.38 crore shares, 77 lakh shares have been tendered in the buy back so far.

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84.3. Pardeep Link|February 7, 2022 12:57:23 AM

I could not compile the data. KSRK Ji...can you please help in finding the current demand from retail vs availability.

84.4. KAMMA SIVA RAMA KRISHNA Link|February 7, 2022 9:31:41 AM

Pradeep ji,
Detailed information regarding various categories can’t be verified from this link. Only overall position can be known. Sorry for disappointing you. Thank you.

83. IPO Mitr

1| Link|February 6, 2022 2:13:24 PM

MOIL is a very good short term opportunity to earn minimum 5-10% in a weeks or10 days period. Remember, it is a very very high probability opportunity but not a guaranteed one.

Happy Investing.

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MOIL Buyback Documents

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122 Comments

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