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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MOIL Buyback Reviews

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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

22. IPO smart Link|November 30, 2021 2:34:59 PM

Respected KAMMA SIVA RAMA KRISHNA Sir.
Thank you for valuable guidance wrt buyback. You and aniket sir are true guru in this regard. Your writing skills are amazing and I can not express in words here. I have purchased qty 1000 MOIL @ 170.34 today. Hoping for best.
Keep guiding us always.
Warm Regards.

22.1. KAMMA SIVA RAMA KRISHNA

4| Link|November 30, 2021 3:34:24 PM

Sir,
I humbly submit that I wholeheartedly admire Aniket ji for his kindness in sharing his valuable views on IPOs, secondary market, buybacks and what not, which ultimately helps in learning n earning. As the gem is somehow not in a position to express his kind views here in the buyback pages, I thought that the readers should not be deprived of any required help. So, whatever little knowledge I do have, I am trying to share. Had the precious gem is active here, I wouldn’t have to share my ill knowledgeable n inexperienced views which may result in losses to the readers. That’s what I am afraid of very often while responding to the queries of the readers.
I also join you to welcome the true IPO GURU Aniket ji here to the Buyback pages to deliver the best for the benefit of the readers.
Thank you.

22.2. JIgar A

1| Link|December 1, 2021 10:24:07 PM

@ksrk sir,
Very true.
We all r waiting for Aniketiaf sir guidance.
Aniket sir, Kindly consider our humble request and gives ur views on buyback pages.
Thank u.

21. Amit Pathak

1| Link|November 30, 2021 11:34:44 AM

If I will apply for 1 lakh amount then 30000 would be accepted for buyback with arround 6000 profit ( at 205 Buyback price from today ) and rest 70000 would remain hold at CMP price ? Am I right Kamma Sir .

What will be time period to get credited amount If I will buy today.

21.1. KAMMA SIVA RAMA KRISHNA

4| Link|November 30, 2021 12:05:53 PM

Sir,
Suppose you have purchased 600 shares @ Rs. 169/- today. As the accepted ratio is always better than the Entitlement ratio, it is suggested to tender all the 600 shares for buyback. Whatever the no. of shares they accept, depending upon the holdings as on the record date, they will retain and the balance of shares will be credited back to your dmat account. Then it is upto you to decide whether to sell or to hold for some time. The resultant amount of the buyback of the shares will be credited to your bank account on the specified date. Coming to the point of profit, it mainly depends upon the Acceptance Ratio of the shares tendered for the buyback, Selling price of the unaccepted shares after the buyback etc., You will find the particulars regarding the period of buyback, last date for settlement of the buyback amount etc., in the offer letter sent to you after around 20 days from the record Date.
Please go through all the comments in the buyback pages to better understand the topic. Hope that the above helps you to understand to certain minimum extent. Thank you.

20. Harjit Link|November 30, 2021 12:34:03 AM

@Experience Members
64 percent stake is already with the central government, So will the buyback be done from rest of the stake ?

20.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 30, 2021 6:23:03 AM

Sir,
Buyback will also be from the stake of the government as government will also participate in the buyback by tendering the shares to the company to best utilise the opportunity due to the advantage of the difference between the Buyback price and Market price. Thank you.

19. KAMMA SIVA RAMA KRISHNA

2| Link|November 29, 2021 6:57:57 PM

Board of directors of James Warren Tea Limited approved the buyback of 8,42,717 shares through Tender Offer @ Rs.295/-. CMP Rs.259/-. Promoters group is also interested in participating in the Buyback. Record Date is yet to be announced. Small size buyback. Not that much attractive.

19.1. lokes Link|November 30, 2021 2:00:46 AM

There is not much price difference also in cmp and buyback price.

18. spd Link|November 29, 2021 11:44:28 AM

Can I buy MOIL at CMP today?
When is the cut-off date?

18.1. lokes

1| Link|November 30, 2021 1:58:29 AM

Yes moil can be bought anytime until Buyback record date which is still not announced.

17. spd Link|November 29, 2021 11:03:44 AM

Can I buy MOIL at CMP today?
When is the cut-off date?

16. IPO Reddy

1| Link|November 24, 2021 12:40:46 PM

@ KSRK sir,
Is it advisable to buy any number of shares for buyback,
I'm a very small retail investor, I can afford upto 100 shares.
i have 10 demat accounts of my family members & friends
Buying 10 shares from each account is more acceptable or buying all 100 shares from single account is more acceptable

Thanks in advance sir (ధన్యవాదాలు)

16.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 24, 2021 8:45:22 PM

Reddy garu,
Only in exceptional cases even holding of the single share is accepted for the buyback. Normally, “buying all 100 shares from single account is more acceptable“ is believed to be more advantageous. All the best in all your efforts in this regard. Bhagavadanugrahamu meeku yellappudoo vundaalani korukontunnaanu.

16.2. IPO Reddy Link|November 25, 2021 10:10:43 AM

@ KSRK sir,
thanks for your quick response sir
the only one person who gives reply ASAP after seeing messages in this forum

15. jigar

1| Link|November 20, 2021 3:39:54 PM

@ KSRK sir,
Can I buy MOIL in different dmt account for better AR?
Is that any benefit ?

Load more comments (2 replies)

15.3. Jigar

1| Link|November 20, 2021 11:38:34 PM

@KSRK sir,
Really, I got to learn a lot from you & our gem Aniketiaf sir in buyback.
Thank You Very Much

15.4. ColdBurger Link|November 23, 2021 12:16:14 AM

@KSRK Ji- Thanks for explaining the Retail category limit. I have started to accumulate MOIL. since market is in downward from last few sessions i am doing in steps to avoid further loss.

14. Param Link|November 22, 2021 11:22:16 AM

I have three different accounts with three different pan no. And I have 1 lakh to invest should I invest all money in one account or invest in three different account ?? Does it make any difference?

14.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 22, 2021 12:05:09 PM

Param ji,
When the amount is Rs.1 lakh only, invest in one account. Buyback is different from IPO. Yes, sometimes like having one share in each account and that is accepted for Buyback then only it is advantageous to have shares in different accounts. Thank you.

13. ColdBurger Link|November 14, 2021 3:26:39 PM

@ksrk sir- How much qty you suggest for small investors? I can divide purchase between two demat. Moil has a target of 225-240 range from some brokerage. I only worry it does not go down like SAIL.

13.1. KAMMA SIVARAMAKRISHNA

2| Link|November 14, 2021 9:27:47 PM

Sir,
I suggest 1000 shares for each account of the small investors. Let us be positive and proceed to purchase. All the best.

13.2. ColdBurger Link|November 21, 2021 10:45:32 PM

Thank you!🙏

12. GJ 😀 Link|November 18, 2021 3:00:00 AM

@Admin @Team Chittorgarh.com

Why on this page (https://www.chittorgarh.com/report/latest-buyback-issues-in-india/80/)
This column (Issue Size - Amount (Cr))
Says 10 Cr for Moil
Instead of correct price
₹693.77 Crores

I think,
Same is wrong for every buyback.

12.1. lokes Link|November 19, 2021 6:20:45 PM

now its looking proper, may be its corrected

12.2. GJ 😀 Link|November 21, 2021 8:23:07 PM

Yes, now it is working.
Earlier it was showing 10 and 8 only for all the companies.

11. German

1| Link|November 19, 2021 11:22:03 PM

@KSRK sir

Could you please clarify on possibility of better acceptance in HNI or retail. Guess Aniket sir mentioned at some page that MOIL HNI may be more beneficial.

Any views from all members.

Load more comments (1 replies)

11.2. German Link|November 21, 2021 2:22:52 AM

@KSRK sir I have another query. Could you please share your views

Consider i buy shares of worth more than 2 lac before record date. For example shares worth 5 lacs, can i still apply in retail with lesser quantity of shares offering in buyback i.e. < 2 lac worth.

11.3. KAMMA SIVA RAMA KRISHNA

1| Link|November 21, 2021 10:06:26 AM

German ji,
Unless it is another account with a different PAN, NO please.

10. Labhesh Link|November 17, 2021 1:55:27 PM

Dear Mentors,

Kindly guide about record date for moil buyback, if i buy 100 shares today/ or tomorrow (17-11-2021 or 18-11-2021) will i be able to participate in buyback.

Also guide me what would be the buyback acceptance ratio for retail.

Thanks in advance .

Regards

LABHesh

10.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 17, 2021 2:22:07 PM

Though I am not a mentor, I humbly submit that you can purchase shares today or tomorrow also as the record date is yet to be announced. Acceptance ratio will be hopefully around 50% as I understand. Thank you.

10.2. labhesh padia Link|November 17, 2021 4:00:54 PM

Thank you Sir . . .

Regards

LABHesh

9. Growth Story Link|November 16, 2021 10:21:20 PM

Moil BB opportunity looks very good
Expecting a very good AR
Entered today for BB

8. R J Link|November 16, 2021 10:55:13 AM

Can I add more @cmp..and what tgt price should be?

Load more comments (2 replies)

8.3. lokes

2| Link|November 16, 2021 3:54:05 PM

@Jigar: for retail category, as u know it has to be under 2 lakhs and that amount (no of shares eligible for retail) is calculated based on share price on record date so KSRK is just mentioning as per assumption of 200 rs price (200*1000 = 2 lakh). Buyback price is 205 rs so on record date suppose price is 201 rs then you will not come under retail category if you buy 1000 shares but if price is touching 201 on record date itself then we can sell in market also.
So taking all these assumptions/thinking, KSRK suggested for 1000 shares to buy max to be under retail category.

8.4. Jigar

1| Link|November 16, 2021 5:16:48 PM

Lokes sir,
Thank u very much.

7. Akshu Link|November 16, 2021 10:28:07 AM

Hello all..I have total of 425 shares of moil. Avg price is 186 around. I am new to buybacks. What should I do? Buy more ? kindly suggest.

7.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 16, 2021 11:45:41 AM

If your financial position permits, you can buy 575 shares more to be under retail category. Acceptance rate will be more in retail category. Thank you.

6. KAMMA SIVA RAMA KRISHNA

1| Link|November 12, 2021 8:47:06 PM

Admin.,
Appreciate your response to open pages for MOIL and MPS Ltd. Thank you very much for your consideration. Please keep it up.

Load more comments (2 replies)

6.3. KAMMA SIVA RAMA KRISHNA

1| Link|November 15, 2021 6:24:22 PM

Sir,
Moil shares can be purchased at the current market price of around Rs.176/-. Depending upon your financial position, you can purchase upto 1000 shares for each account. No conditions to purchase a particular minimum quantity. I am hopeful that not less than 50% of the shares are expected to be accepted for the buyback. Unless we believe that the deal will be a profitable one, we will not purchase n will not recommend to purchase. Please also go through all the comments of all the Buyback pages so that you can understand the topic. Thank you.

6.4. KAMMA SIVA RAMA KRISHNA Link|November 15, 2021 6:49:52 PM

Sir,
Please also see the comments in this regard under Paytm ipo page also.

5. Green Eye Investor Link|November 15, 2021 11:05:50 AM

@KSRK Sir,

Can you please tell me when(date) will this entire buyback process will start for MOIL. Will the investors of MOIL will get notification from the company?

5.1. KAMMA SIVA RAMA KRISHNA

1| Link|November 15, 2021 6:30:00 PM

Sir,
Once you purchase the shares, you are likely to be informed through mail regarding the record date, Entitlement Rate (ER), dates of buyback etc., However, it is advisable to go through the comments in the buyback pages
to know the updates in this regard. Thank you.

4. German Link|November 12, 2021 6:57:25 PM

Dear Aniket/KSRK

At what price may we consider buying MOIL for buyback purpose only.

Thanks

Load more comments (3 replies)

4.4. lokes Link|November 14, 2021 12:55:33 PM

@REK: i think he might have meant 176.5 buy price only at IZ , by mistake it might have posted as 156.5 since moil price was around/above 170 when buyback was announced so no possibility of buying at 156.5 price.

4.5. KAMMA SIVA RAMA KRISHNA

1| Link|November 14, 2021 9:34:52 PM

Lokesh ji,
Thank you very much for your clarification. I have erroneously typed as Rs.156.50 instead of the actual amount of Rs.176.50
Inconvenience caused is very much regretted.

3. MRM Link|November 14, 2021 7:16:04 PM

Sir can we buy moil on Monday @ 177

3.1. KAMMA SIVA RAMA KRISHNA Link|November 14, 2021 9:29:13 PM

Sir,
Yes, you can.

MOIL Limited Buyback (MOIL Buyback) Detail

MOIL Buyback Detail

MOIL Buyback Issue Timetable

Buyback Ratio

Company Financials

Stock price at BSE (in preceding 3 months)

Stock price at NSE (in preceding 3 months)

Necessity of the Issue

MOIL Buyback Documents

MOIL Buyback Rating

MOIL Buyback Reviews

Company Contact Information

MOIL Buyback Registrar

MOIL Buyback Manager

Find MOIL Buyback Latest Update

MOIL Buyback FAQs

When is MOIL Buyback offer coming?

Which is the last day to buy MOIL Buyback for buyback?

Which type of buyback is MOIL Buyback offer?

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What is the offer price for MOIL Buyback offer?

In what ratio is the MOIL Buyback offered?

What is the record date for MOIL Buyback offer?

What is the issue size of MOIL Buyback?

What is the necessity for MOIL Buyback?

Where can I get the Letter of Offer for MOIL Buyback?

How to participate in MOIL Buyback?

Is MOIL Buyback good or bad?

122 Comments

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