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MPS Limited was established as an Indian subsidiary of Macmillan (Holdings) Limited in 1970. The company is primarily engaged in publishing information processing and e-business. The company's business is divided into 3 major segments: Content solutions, Platform solutions, and Learning solutions. MPS has partnered with leading enterprises, learning companies, publishers, libraries, and content aggregators globally.
MPS has a market capitalization of around INR 700 crores and employs more than 2,700 professionals. MPS has 7 delivery centers in India, 4 offices in Europe, and 6 client-servicing offices in the US.
| Issue Period | January 14, 2022 - January 28, 2022 |
| Security Name | MPS Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 944,444 |
| Issue Size (Amount) | ₹85.00 Crores |
| Buyback Price | ₹900 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | December 17, 2021 |
| Offer Opens On | January 14, 2022 |
| Last Date for receipt of Tender Forms | January 31, 2022 |
| Offer Closes On * | January 28, 2022 |
| Finalisation of Buyback Acceptance | February 8, 2022 |
| Last Date for settlment of bids | February 8, 2022 |
| Last Date for Extinguishment of Shares | February 15, 2022 |
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 15 Equity Shares out of every 82 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 43 Equity 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 | 4,324.2 | 3,516.3 | 3,878.0 |
| Profit After Tax | 585.6 | 598.6 | 760.4 |
| Net Worth | 3,747.5 | 3,583.8 | 4,695.0 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2021 | 746.30 | 674.45 | 709.27 |
| Oct-2021 | 745.00 | 658.30 | 691.44 |
| Sep-2021 | 734.00 | 657.50 | 695.77 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2021 | 779.00 | 675.35 | 709.71 |
| Oct-2021 | 746.60 | 636.05 | 691.20 |
| Sep-2021 | 730.00 | 662.00 | 696.11 |
The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.
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MPS Limited
RR Towers IV, Super A, 16/17,
Thiru Vi Ka Industrial Estate, Guindy,
Chennai-600 032, Tamil Nadu
Phone: +91-44 -49162222
Email: investors@mpslimited.com
Website: https://www.mpslimited.com/
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
The MPS Buyback opens on January 14, 2022, and closes on January 28, 2022.
The MPS Buyback last day to buy is not available as of now.
The MPS Buyback is a Tender Offer.
MPS Buyback Schedule
| Buyback Opening Date | January 14, 2022 |
| Buyback Closing Date | January 28, 2022 |
| Last Date for receipt of Tender Forms | January 31, 2022 |
| Finalisation of Buyback Acceptance | February 8, 2022 |
| Last Date for settlment of bids | February 8, 2022 |
| Last Date for Extinguishment of Shares | February 15, 2022 |
The MPS Buyback is being offered at Rs ₹900 per share per equity share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 15 Equity Shares out of every 82 Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 2 Equity Shares out of every 43 Equity Shares held on the Record Date. |
The record date for the MPS Buyback is December 17, 2021.
The issue size of MPS Buyback is of 944,444 equity shares at ₹900 per share aggregating upto ₹85.00 Crores.
The Buyback aims to:
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like earnings per share, return on capital employed, and return on equity, by reducing the equity base of the Company.
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 MPS 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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"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."