Mayur Uniquoter Buyback 2022

i. Mayur Uniquoter is the largest manufacturer of artificial leather, using the ‘Release Paper Transfer Coating Technology’ in India. They have come a long way in the past two decades from a meager production of 0.25 million linear meters per month, to an astonishing 4.05 million linear meters per month, through 7 state of the art Italian coating lines. Mayur Uniquoter have now started its PU coating plant with a current capacity of 6 lacs linear meter per month.

ii. Companies’ world-class infrastructure consists of a full range of machinery to fulfill their knitting, processing, heat setting, coating, embossing, printing, lacquering, sueding, tumbling and laminating needs. They value quality and innovation , thus, their Physical, Chemical and Product Development Laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications.

iii. Mayur Uniquoter have been certified with ISO 9001:2015 (Quality Management System) which is demonstrative of their commitment towards designing and manufacturing of artificial leather through effective implementation of systems and continual improvement in all their processes.

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Offer Amount: ₹ 42.62 Cr
Buyback Number of Shares: 6,25,000
Price Type: Tender Offer
FV: 5
Buyback Price: ₹ 650 Per Equity Share

Details of Buyback:

Board of Directors of the Company, at its meeting held today, i.e., Feb 09, 2022, has inter-alia unanimously approved Buy-back of up to 6,25,000 fully paid-up Equity Shares of face value of ₹ 5/- each by the Company at a price of ₹ 650/- per Equity Share payable in cash for a total consideration not exceeding ₹ 42.62 crores which is not exceeding 10% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited financial statements of the Company for the financial year ended on March 31, 2021, through the “Tender Offer” route.

Salient financial parameters:

Particulars (Cr) Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
Sales 503 507 477 552 573 516 501
Expenses 401 371 349 407 446 410 380
Operating Profit 102 136 127 145 128 107 120
OPM % 20% 27% 27% 26% 22% 21% 24%
Other Income 6 6 11 13 21 19 20
Interest 3 3 1 1 1 2 3
Depreciation 12 16 17 17 18 18 18
Profit before tax 93 122 121 140 130 106 118
Tax % 29% 32% 32% 33% 33% 24% 25%
Net Profit 66 83 82 94 87 81 89
EPS in Rs 15.22 17.83 17.93 20.76 19.23 17.79 19.97
Dividend Payout % 20% 20% 6% 7% 17% 22% 10%

How to Participate in buyback?

1. Firstly to be eligible for the buyback the investor should have shares of Mayur Uniquoter Buyback 2022 in demat or physical form as on record date [To be updated]. 2. Once you have shares in demat, you can participate in the buyback process which is opening from [To be updated ]by selling your shares through your broker on NSE or BSE. 3. Then on [ To be updated ] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 307 Shares at CMP of Rs. 478 (2,00,000/650=307)  
Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,46,746 1,46,746 1,46,746 1,46,746
No. of Shares buyback 101 153 230 307
BuyBack Profit 17,372 26,316 39,560 52,804
Profit 11% 17.9% 26.9% 35.9%
 

1 Comment

    If anyone knows the final bidding particulars of the buyback, the same may please be shared. Thank you.

    Reply

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