MOIL is a Schedule “A” Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, a name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11.
MOIL was originally set up in the year 1896 as Central Province Prospecting Syndicate which was later renamed as Central Provinces Manganese Ore Company Limited (CPMO), a British Company incorporated in the UK. In 1962, as a result of an agreement between the Government of India and CPMO, the assets of the latter were taken over by the Government and MOIL was formed with 51% capital held between the Govt. of India and the State Governments of Maharashtra and Madhya Pradesh and the balance 49% by CPMO. It was in 1977, the balance 49% shareholding was acquired from CPMO and MOIL became a 100% Government Company under the administrative control of the Ministry of Steel.
MOIL Ltd(BSE: 533286 | NSE: MOIL ) Board has approved a proposal for buyback of up to 87.66 lakh shares at Rs 240 per share, aggregating Rs 210.4 cr which is 3.29% of a total number of paid-up equity shares.
Buy Back Offer Deal:
| Buyback Type: |
Tender Offer |
| Buyback Record Date: |
Dec 31 2021 |
| Buyback Opening Date: |
Jan 28 2022 |
| Buyback Closing Date: |
Feb 10 2022 |
| Buyback Offer Amount: |
₹ 693 Crores |
| Date of Board Meeting approving the proposal: |
Nov 10 2021 |
| Date of Public Announcement: |
Nov 10 2021 |
| Buyback Offer Size: |
14.23% |
| Buyback Number of Shares: |
33,804,878 |
| Price Type: |
Tender offer |
| FV: |
10 |
| Buyback Price: |
₹ 205 Per Equity Share |
Amount for the Buyback shares received. 65% AR and share on rise today… Overall MOIL again given pleasant returns.
Thanks to all fellow boarders..
AR 65% for retail and 28% for general
For general category = AR 40.17%
In my case 1,433 shares have been accepted out of 5,000 shares tendered.
What about others, pls share?
Sorry, Mistake in calculation… Yea, u r right for general category AR is 28.66%
You got the shares back. Its up today. And looks like a good time to get rid of remaining shares
How to check actual shares accepted in buyback? Final acceptance ratio?
Is there any web link?
For general category = AR 40.17%
In my case 1,433 shares have been accepted out of 5,000 shares tendered.
What about others, pls share?
That would be 28,65%, right?
Sorry, Mistake in calculation… Yea, u r right for general category AR is 28.66%
I had 5,000 shares and tendered all the shares.
And got the following message-
CDSL: Debit in a/c *33****** 5000-MOIL LTD-EQ10/- on 18FEB
I got the email too.
👉Means all shares(100%) accepted for BB….
Am I right? 🤔How is it possible? I can’t believe this…. 😄
Your assumption is not correct. What is done, is:
1. All the shares you offered will be deducted from your account.
2. The shares which are accepted will stay with the company.
3. The shares which are not accepted will be credited back to your account.
Easiest way is to check your trading account. The trade for the buyback was done yesterday (17 Feb).
Thanks Prasad ji for the guidance.
For general category = AR 40.17%
In my case 1,433 shares have been accepted out of 5,000 shares tendered.
What about others, pls share?
Sorry, Mistake in calculation… Yea, u r right for general category AR is 28.66%
Sorry, Mistake in calculation… for general category AR is 28.66%
1,433 shares accepted out of 5,000 shares tendered.
Thanks to experts & everyone for their valuable guidance
*MOIL Retail acceptance 66.5℅*
In my case, it is 65.3% ( 653/1000 )
Congratulations !! Good Acceptance ratio. I have not received yet, but may be by tomorrow morning.
Sir,
Thank you very much for your kind wishes. Have you checked the order book of your trading account please ?
How to check Sir?
Have you checked the order book of your trading account please ? If yes, you will get the details by tomorrow morning.
Thanks for sharing. Congratulations KSKR Sir. 327/500. Received mail
Congratulations n all the best to you
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?
Govt holding is shown under President’s name.. does it mean its included in individual category (3) above?
It comes in others..
Sir how to check the bids live data? Any website?
nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active
As buyback bidding is stopped, so link may not show now..
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
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
*MOIL BUYBACK UPDATE*
•Record date: 31/12/2021
•Small Share Holder Entitlement: 19.68%
• *Today is last day of tendering your shares for buyback i.e. 10th Feb 2022*
•Expected Acceptance (Small share Holders)around 50%
Sir, its already closed at 3.30PM, today…………
MOIL –
Only 0.64% subscribed as of now. May be govt has still not applied…
Lets see till 4.00PM
Sumit ji,
More than five crore shares have already been submitted for the buyback. AR in retail Category may probably be around 50% or even 60%. Sir, may I know your views in this regard? Thank you n all the best.
SRK Sir,
Currently overall is 1.45 and not able to have guess for Small shareholder category… But with assumption that 80% of the individual are retail shareholders and current data of individual applications, AR should be 54%.
Sir,
Thank you for sharing your views.
Hi Sumit
From where do you get this data regarding expected AR? Appreciate if you could share the source of this valuable information.
Hello Rajesh,
For AR It is not directly given. But the no. of the bids are provided at NSE website at
nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active
So you can check no. of individual bids and as we know small share holders have 15% reservation…
So with estimation of small share holders in Individual, AR can be guessed. IT is only Guess..
But give a broad value like whether 5% or 50%..
Thanks Sumit. Your analysis has been correct most of the time. Lets hope for the best.
Considering current Data for MOIL, which is final
Final AR to be 45 to 60%, depending on %age of small share holders in individual category..
Sir,
Thank you very much for sharing your views on the AR. Please continue to help by posting your valuable Guidance regarding all the forthcoming Buybacks. Very kind of you, Sir.
Sir how to check the bids live data? Any website?
Can someone share the latest bidding status / probable acceptance ratio?
Number of shares bid for in totan = 18329756 till 10pm, 9 Feb 22
Thanks
For Moil Ltd. I have 5000 shares of the Moil Ltd. And my entitlement for buyback offer is only 679 shares…
Now the share price is approximately equal to my purchase price… So what should I do? should I tender all 5000 share in buyback offer or should I tender only 679 shares and sell the remaining shares in the market before 10 February 2022?
please guide
Dear sir, how can we check the latest status of bids submitted for buyback?
Visit NSE website
https://www.nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active
MOIL to declare dividend on board meeting on 11.02.2022. Record date 19.02.2022, So the shares accepted through buyback would also provide Dividend.
Sonne pe Suhaga!!
Please excuse. Above is incorrect. The return shares from Buyback would only be eligible. Probably that’s why the meeting would be held after closure of Buyback.
For MOIL
Any update on the buyback %age as of today? 1 week left?
Sir,
At 2:30 PM, bids are submitted to the tune of 44,75,079 against the total size of 3,38,42,668 shares. Around13%. Thank you.
Sir,
the link is submitted herewith for information.
https://www.nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active
Dear sir, how can we check the latest status of bids submitted for buyback?
Manoj ji,
In the case of Moil Ltd. Buyback, the link as below:
https://www.nseindia.com/market-data/tender-issue-information?symbol=MOIL&type=Active
Number of shares bid for in totan = 18329756 till 10pm, 9 Feb 22
For Moil Ltd. I have 5000 shares of the Moil Ltd. And my entitlement for buyback offer is only 679 shares…
So what should I do? should I tender all 5000 share in buyback offer or should I tender only 679 shares and sell the shares in the market?
please guide
thank you
Well ER means that 679 is guaranteed for you. However, depending on how many people will participate your actual Acceptance Ratio can be higher. AR is greater than or equal to ER.
If you can, tender all 5000 and hold on till Feb 10th, when the final picture will emerge and you will know the AR.
Much awaited news. 19.6% ER. Thank you.
Moil buyback begins on 28/01 and ends on 10/02.
For Nucleus
Current Data – For all (General and retail ) – Only 1.35X bids received i.e overall 73%
Total – 22,67,400 equity shares
Demand – 30,75,732
Lets wait till tomorrow morning
Expecting 100% AR = Finger crossed…
* Overall 73% Acceptance
Timing for bidding is till 3.30 PM, but would clear by tomorrow,,
For Nucleus:
Current Buyback status can be seen at
nseindia.com/market-data/tender-issue-information?symbol=NUCLEUS&type=Active
100% offered as of today..
FYIP
Sir,
108% ( 24,47,991 shares tendered against the maximum allowable of 22,67,400 shares) upto 4:00PM of 13/01/22. Only one day is leftover. Hopefully I am estimating that the AR will be more than 60% in the Retail Category. I would like to know your views in this regard. Thank you n all the best.
SRK SIr,
Seeing the data its difficult as individual also includes individual with greater than Rs 2L market value. it would be interesting to see, but I also expect 60- 80% depending on various parameters.
I am also ready for surprised 100% possibility, although chances are thin..
So in real very difficult, but lets see.. its some time left now…
It would be interesting to see how the rate reacts after buyback, as been good acceptance for general category, they may rush to again to have same nos in their portfolio…
Sumit ji,
Thank you very much for your kindhearted response and views. All the best.
For Nuclues – less than 50% AR in retail
For nucleus:
All who want to sell their shares in buyback must put buyback order with their broker today, ideally before 3.30PM.
Zerodha is showing today 13.01.22, but actual date is 14.01
For MOIL,
I have 5,000 share of MOIL Ltd. purchased on 23 Dec 2021 at Rs. 180 avg. What is the expected ER for me/general category ? what should I do, I mean should I sell some shares or should I wait & offer all shares for buy-back…? Please provide some guidance… thanks a lot
Dear Manoj ji,
As your value is greater than Rs 2 Lac, your ER or entitlement ratio would be very low around 12%.
Actual acceptance would depend on the market rate during buyback. Last year MOIL had raised to Buyback rate in market and therefore Buyback AR was 100% for retail and 65% (as govt applied) for General.
It may be better to wait for the buyback dates and the market rate may increase to 184- 194, during buyback perios, as per past performance. So it would be better to sell all shares except double of ER at that time. But e
I would have done this way..
Do your own research…
Sumit ji,
I sincerely appreciate your kind heartedness to enlighten the readers in a better understanding way. Hats off to your much adorable magnanimous attitude. I wholeheartedly pray god to bless you with all the best. Thank you once again.
Thanks a lot for your reply Sumit ji. As I understand Sir ji, If ER would be 20% (assume) So, I should hold & tender 5000*20%*2= 2000units And I should sell remaining 3000 units in the market… am i correct???
When and how ER will be clear/known?
Thank u Sir for your guidance.
One query for all senior members : If I hold 1000 shares of MOIL as on record date. But I sell 500 shares after the record date in the open market. Afterwards, assume The ER is comes to 40 pct. So theoretically, I am eligible for confirmed acceptance of 400 shares out of 1000 shares. But if I tender all my 500 shares, will they accept 400 shares(as per 1000 shares on record date) or only 40 pct of 500 shares (my tendered shares) ie only 200 shares.
Sir,
Entitlement shares ( 400 ) will be accepted at the first instance and then on the basis of the additional shares ( 100 ) received for the buyback, proportionate shares will be accepted out of the remaining shares after allotment of the entitled shares. Please also read all the buyback pages for better understanding. Thank you.
Thank you Sivaramakrishnaji and Sumitji for your prompt response and guidance
Dear N13 ji,
Although SRK Sir, has cleared much, but I would like to put in different perspective.
Legally ER is entitlement ratio or more clearly the no. of shares as per that ration. You can tender shares equal to or less than ER shares for 100% acceptance.
But in normal Buyback, the small shareholders actually applying for buyback is less than the shares available in buyback for this category.
So some % age shares remains excess and are bought from the shareholders who have surrendered more no. of shares than their entitlement , so the overall AR is always more than ER%.
Depending on your risk appetitie, you can surrender all shares available for acceptance as per AR.
Also notem that although you have sold 500 shares now, but you can purchase them again 2 days before buyback closure for surrendering in Buyback.
It all depends on the current rate and Buyback rate.
Sumit ji,
You have explained it in a better way as you are more knowledgeable n experienced which always fetches. Thank you.
For Nucleus:
So Nucleus touched Rs 605 and almost, everyone can dispose off (Non tendering in buyback) shares as per their conviction about Buyback %age.
I am happy to see, that there is sure shot profit..
I have sold 25% and would sell remaining at Buyback only..
Thanks, and would request your suggestions
Sir,
I am of the opinion that you have done a right thing by selling 25% of your holdings at quite a reasonably good price. Congratulations for your prompt response in selling. By the time I have placed the order for Rs.603/-, it further slipped away. Luck has not favourable to me, I think. All the best to you.
Thanks Sir,
I still think it should touch Rs 616 / 619 before or during the buyback period.
On been very positive note 636 / 646 is also possible, if market gains bullishness..
Large share holders, who may have sold recent have good chance to sell@700 ,as AR would be very decent for them…
I also expect good rate at least 600 after buyback…
Therefore would buy again @Rs 577
Sir,
The CMP at BSE is Rs.572.55Ps. Have you purchased any shares today to retain the original holdings as you have already sold 25% of the holdings today@Rs.605/-. If so, reasonably good profit is earned today. All the best. Thank you.
Yes Sir, Got at 577.. Have fallen to 566..
Lets see tomorrow.. Would sell again at 606 or higher and buy at lower, till Buyback date..
Sir,
Good going. I will also attempt to sell 50% of my holdings if price raises to Rs.606/- tomorrow. All the best. Thank you.
For Nucleus:
A Small error and I missed General category in Nucleus by 29 shares…
A small laziness and I stopped myself from buying further at 585…
Strong conviction and LUCK really plays in Stock market…
Hopefully Nuclues would provide chance of exiting at buying rate for non-convicted, who can sell shares as per their conviction about AR %age..
Sir,
Our past experiences will always teach us how to act and proceed in future. Hence, kindly look forward positively to learn n earn more. Thank you.
Thanks for your kind words SRK…
Having 382 in one demat and 111 in another demat .wii it be considered as general category due to one pan number or retail due to different DP
Girish ji,
You can check your eligibility by putting PAN no. in registrar website or refer your offer letter.
IT should be General, as also in offer letter..
Thanks
Its 282 not 382 typomistake
In my case, 30 out of 200. Hopefully, AR would be around 50%.However, this is only my guess.
Sir,
If AR is more than 40% in retail category, it will definitely be treated as reasonably good. But I doubt whether it reaches 40%. Thank you.
his is to inform you that the Tendering Period for the Buyback of Equity Shares of the Company will open on Monday, January 03, 2022 and close on Friday, January 14, 2022.
Nucleus letter received ER 46/300 & 52 /340 in retail and general.
So Acceptance in General AR would probably me much higher as promoters not participating..
Sir,
I believe that the AR is likely to be more than 50% in general category. Thank you.
Both considered in retail as 369 and higher for general :-(((
In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining the entitlement and the names of the eligible shareholders/beneficial owners for the offer.
Sir,
Have you purchased the shares of MOIL for tendering for the buyback? Nucleus Software appears to be loss making. What is your opinion? Regarding MPS waiting for the outcome. Please share your kind views.
Yes, purchased MOIL 3 weeks earlier at 175…
Nucleus Software must give profit as expecting 60% + Acceptance in both retail and General. Share price would increase after announcement of Buyback dates.. dates Else also, hold for next year 🙂 Appears to be a company with very strong promoter..
Avoided MPS..
Thanks
Sir,
Thank you very much for your kind response. Hopefully looking forward for the outcome of the Buybacks/ future of MPS n Nucleus.
Around 2 years back, I had shifted largely to Bonds. and now selling and shifting to Equity… Specifically High Dividend yield..
Hind Zinc, Hind Copper, Power Grid are my recent favorites..
FYIP
What is your saying about shifting from Debt to Equity?
Sir,
I am approaching 64. My allocation is approximately 35% in Sr.Citizen Savings Scheme/ PMVV YOJANA SCHEME,10% in NCDs/FDs, 35% in Buybacks/ IPOs,10% in MFs and 10% in Savings account for contingency. Earlier, allocations in MFs n NCDs/FDs is 15% each and 25% in Buybacks/ IPOs. I am rather concentrating on Buybacks nowadays.
Sir, I believe in diversified investments. 10% to 15% change overs is OK. But, I am against complete shifting from Debt to Equity. Sorry, if I hurt you with my opinion. All the best. Thank you.
I will use it as guidelines
Sir,
If you are around 65, the above allocation will be ideal. If you are below 45, you can take a bit more risk to opt for secondary market, IPOs/ Buybacks, NCDs n MFs according to your choice. Thank you.
Today mps and nucleus software is showing noticeable loss in buyback portfolio. Hope’s reversal on declaration of tender dates.what are others views
I am holding Nucleus 100%…
MPS, I haven’t believed…
Girish ji, Nucleus listened your words …
Up ..
Today 5.55%
can i buy shares tomorrow to participate in buyback
Sir,
You can. Consider the margin between the CMP and the Buyback Price before taking a decision. Thank you.
31 dec 21 is record date .please update
Sir,
Thank you for the update.
Any information about record date of MOIL buyback?
31 dec is RD
Any news about Nucleus Software? Draft letter of offer was submitted to SEBI and others on 25.11 but till today, no news about opening. Pl update if anyone has any information.
Regards to all.
It seems that it will give loss only
Dear SRK ji / other learned members,
Are you aware of the Jindal Photo and UPIL delisting story? One is having lower circuit and other having upper.
Kindly Suggest
Sir,
I don’t have any idea. Sorry for my inability. Thank you.
Where did you get this information from? I couldn’t find any related information in the internet. Even announcement section of both of these companies does not contain any such information in NSE website.
Sir check BSE sites and do google…
And also update me.. If come to any conclusion..
CHEVIOT BUYBACK
Size of the buyback. 02,50,000 shares
Buyback price. Rs. 1725/-
CMP. Rs. 1465/-
Mode of Buyback. Through Tender Offer
Record Date. 17/12/2021
Personal View. If available @ Rs. 1400 one may try with a hundred shares.
Thank you.
Please open a page at the earliest for the buyback of CHEVIOT
Thank you very much for your kind consideration to open a separate page for buyback of the shares of Cheviot. I wholeheartedly appreciate your prompt response.
Thanks for informing.
Last year buyback was with 20% AR for small share holders. Conditions, more or less ,, same..
Not sure of getting into it..
But Weizmann would have been a major hit..
Sir,
Last time,Margin between the BUYBACK PRICE n MARKET PRICE was around 30% to 35%. It’s not the case now. Moreover AR this time maybe around 15% to 17% as per my estimation. What is your estimation Sir?
Please open a page at the earliest for the buyback of Weizmann.
Dear SRK ji,
I missed the bus of Weizimann, 5% circuit today…
It would have been better if page would have been added to know…
Anyone next?
Sir,
Let us be optimistic n wait for the good opportunity. I also have not purchased.
Weizmann Buyback
Size of the buyback. 14,12,515
Buyback price. Rs. 60
CMP. Rs. 54
Mode of Buyback. Through Tender Offer
Record Date. 10/12/2021
Personal View. If available @ Rs. 50 or Rs. 51 one may try with a thousand shares.
Thank you.
Tentative record date of moil buyback.
At cmp moil share shall purchase or wait.
For James Warren Tea
Thanks SRK Sir! Details are of great help.
I would wait till the record date is announced. Market is already down… and probably we may get it cheaper..
What do you Say?
Sir,
If the price is stabilised around Rs.245/- to Rs.250/-, we can try our luck with half of our normal investment for each buyback. Size of the buyback is not an attractive one to blindly go for. All the best. Thank you.
Sumit ji,
Have you purchased any shares today as the price touched Rs.242.40 ? Now, size of the buyback is the only negative point raising doubts whether it will be a beneficial deal or not. I wish to place order tomorrow @Rs.240/- for 200 shares. What is your plan sir?
For james Warren
Looking for a big fall to enter, which may be possible as record date may be 2 months…
It has already run much.. Promotors are also participating,
Although a good stock..
But I would not prefer to stuck till record date and then further till buyback…
Sir,
Thank you very much for your kind response n views.
Please open a page for the buyback of James Warren Tea at the earliest for the benefit of the readers. Thank you in anticipation of your prompt response.
James Warren tea is coming with buyback
@295 THROUGH TENDER OFFER
How’s it?
In 2019, AR was 100%..
Pl elaborate
2020 September -OCt
Sir,
In 2020, the Buyback price was Rs.214/-and the Market price was around Rs. 216/-. Hence, many investors have not tendered their holdings for the buyback. That’s why 100% AR. The size of the buyback was also 17.4 lakh shares.
Coming to the current buyback, the size of the buyback is 8.4 lakh shares only. Moreover, the difference between the CMP (Rs.254/-) and the Buyback price ( Rs.295/-) is also not that much attractive. If the shares are available at around Rs.245/-, one can proceed further to purchase the shares for the buyback. All the best n good luck. Thank you.
Rs.214/- n Rs 216/- may please be read as Rs. 114/- n Rs.116/- respectively. Sorry for not checking before posting. Thank you.
Thanks SRK Sir! Details are of great help.
I would wait till the record date is announced. Market is already down… and probably we may get it cheaper..
What do you Say?
Sir,
In 2019 the Buyback price was Rs.215/-and the Market price was around between Rs. 212/- and Rs. 215/-. Hence, many investors have not tendered their holdings for the buyback. That’s why 100% AR. The size of the buyback was also 23.25 lakh shares.
Rs.215/- n Rs 212 may please be read as Rs. 115/- n Rs.112/- respectively. Sorry for not checking before posting. Thank you.
Is AR to be applied seperately for non retail & retail or AR to be calculated based on no. of shares not surrendered being distributed between retail and non reail combinedly. kindly clarify how AR is arrived from ER.
Prashant ji,
Its best to read postal ballot notice which clarifies all.
But still AR for Small share holders and General are calculated separately, with less subscription provided in same category only.
MOIL
Please refer Postal ballot for MOIL, where GOI is participating for retaining its 51% i.e. nearly with 4-5%, while Government of MP would participate with 1-2%.
But here I believe due to large equity, retail is still better..
Kindly suggest
Sir,
I also believe that in this case, retail category is more beneficial as the AR will be hopefully more than the other category. Thank you.
Fifteen per cent of the number of securities which the company proposes to buy back or the number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders,” says Securities and Exchange Board of India (Buyback of Securities) (Amendment) Regulations, 2012.
A copy n paste from chittorgarh
FOR NUCLEUS
Dear Team,
Nucleus itself has done buyback in 2017, where the promoters have not participated and AR for retails and general was 58.61% for small share holders and 52.62% for others.
At that time, Promoters share was 60%, while this time its 68%. Also last time total buyback % was 10.32%, while this time it is 7.81%.
Also reserved / small category is very different from the Share holder statement, where the holder of capital of Rs 2L is shown i.e. if the share face value is Rs 10/- then upto 20000 nos shares.
While in Buyback calculation, the small share holders are of actual Rs 2L approx 335 shares only. So Actual small share holders would be less.
I am still confused and bought more than 2L in 2 accounts and if the price increases would sell to be eligible for small share holder.
Please add your comments
Sumit Jain ji,
Though I am not having more knowledge than you, yet I humbly submit that your action already taken is more appropriate n beneficial. I believe that there is no need to sell the shares to become eligible for small shareholder category. In Chittorgarh Team site also, experts are of the opinion that it’s more beneficial to other than the small shareholder category as the AR will be more in this category due to non/ negligible participation of the promoters in the buyback.
Of course, in my two family accounts, share holding pattern as already existing is different from one another ( less than worth two lakhs in one account and more than worth two lakhs in the other account). I don’t want to change. Thank you.
Thanks SRK ji.
You are wonderful.
What is tentative record date.
At camp 172, should I buy moil share. What is expected ER of this buyback size for retail.
HF ji,
You can buy at the CMP of around Rs. 172/-. ER is expected to be around 10% for retail and final AR is around 35%.
Great Girish ji,
Learned members,
Kindly suggest any other earlier tender buyback, where promoter has not participated. for been taken as reference. Thanks
Hi Sumit, Anything further on your analysis ?
Do you know if promoters will participate? They are Govt.
If not, this one is also ripe for non retail. Can you please validate my calculation?
(all numbers are in approximation)
Total shares 237327879
Promoters 152729899
Non promoters 84597980
Promoters willing to tender 0 (this is a big question if they will participate)
Total possible Tender shares 84597980
Buyback Number of Shares: 33,804,878
Retail share quota (15%) Total retail shareholders ER
5,070,732 31,190,118 16%
Non Retail buyback shares Total non-retail shareholders (excluding govt) ER – Non Retail
28,734,146 53,407,862 54%
Sir,
Please intimate whether you are referring to MOIL or NUCLEUS so that it can be reviewed, analysed and appropriate decision taken. Thank you.
Its for Nucleus. Sorry for the confusion.
It was pointed out to me that i have to take 15% or actual for retail. Its approx 18% in this case. Hypothesis still remain the same. A bit thanks to Sumit to bring this to all of us in first place.
Total shares = 29040724
Promoters = 19627866
Non promoters = 9412683
Promoters willing to tender = 107926
Total possible Tender shares = 9520609 (Non promoters+promoters willing to tender)
For retail
Total buyback shares= 22,67,000
Retail quota= 4,15,843 (actual number)
Total potential retail shareholders= 53,27,000
Acceptance Possibility (Retail quota/total potential retail shareholders)= 8%
For non Retail
Non Retail buyback shares (22,67,000-4,15,843)= 18,51,157
Total potential non retail shareholders willing to tender= 41,93,609
Acceptance Possibility = 44%
44% is still very good. In reality it should be much much higher.
Current arbitrage is 18% ( buyback price= 700 CMP= 590)
Calculation for nucleus, in MOIL, little confusing then why not open separate page for Nucleus. Admin pl open
Above analysis is for Nucleus
This below analysis is for MOIL if Govt will not participate. However i looked as many part cases, they do participate.
— analysis if govt is not participating in MOIL—>>
(all numbers are in approximation)
Total shares 237327879
Promoters 152729899
Non promoters 84597980
Promoters willing to tender 0 (this is a big question if they will participate)
Total possible Tender shares 84597980
Buyback Number of Shares: 33,804,878
Retail share quota (15%) Total retail shareholders ER
5,070,732 31,190,118 16%
Non Retail buyback shares Total non-retail shareholders (excluding govt) ER – Non Retail
28,734,146 53,407,862 54%
Please refer Postal ballot for MOIL, where GOI is participating for retaining its 51% i.e. nearly with 4-5%, while Government of MP would participate with 1-2%.
But here I believe due to large equity, retail is still better..
Kindly suggest
Nucleus software record date 27 nov 21 n buyback @700 seems good .comments of experts please
Hi Girish , SiVA RK ji, Paliwal Sahib, and others,
Following is my analysis for Nucleus software:
Total Share : 2,90,40,724
Shares with promoters : 1,96,27,866
Shares other than promoters : 94,12,683
Shares willing to tender / participate by promoter group: 1,07,926 only
Total Shares possible to be tenders ~ 95 L
Shares to be buy back – 22,67,400 ~ 22.6 L
Isn’t it shows 100% acceptance and better options outside retail..
For Retail , total nos of share =53.27L, Reserved 15% quota = 8 L shares ER = 15.07%
Total Unreserved =41.73 L shares, Unreserved 85% = 19.27 ER = 46%
AM I MISSING SUM THING?
Jain ji,
If you don’t mind, can you please enlighten me on the details of the source regarding participation in the Buyback by the promoter group as somehow I might have missed the news. Please don’t mistake me. It’s only a request in the academic interest. Thank you.
Dear SRK ji,
You have always helped, so obviously no second thoughts .. Please refer Postal ballot notice, also available at BSE website, Link :
https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef2a5f47-d859-4d47-821f-11687cd2d88a.pdf
refer page 12 “Intention of Promoter and Promoter Group and persons in control of the Company to participate in the Buyback” Only 3 promoters with 108710, shares have shown their intention to participate.
While remaining 8 holding around all of promoter shares have shown their intention NOT to participate. As from postal ballot notice:
“The following persons belonging to the Promoter and Promoter Group entities and persons in control of the Company have, vide their letters dated September 22, 2021, September 23, 2021 and September 24, 2021, expressed their intention to not to participate in the Buyback”
IT APPEARS TOO GOOD TO BE TRUE.
SRK ji please check and confirm.
Dear SRK Sir ji,
You have always helped, so obviously no second thoughts .. Please refer Postal ballot notice, also available at BSE website, Pl refer page 12 “Intention of Promoter and Promoter Group and persons in control of the Company to participate in the Buyback” Only 3 promoters with 108710, shares have shown their intention to participate.
While remaining 8 holding around all of promoter shares have shown their intention NOT to participate. As from postal ballot notice:
“The following persons belonging to the Promoter and Promoter Group entities and persons in control of the Company have, vide their letters dated September 22, 2021, September 23, 2021 and September 24, 2021, expressed their intention to not to participate in the Buyback”
IT APPEARS TOO GOOD TO BE TRUE.
SRK ji please check and confirm.
Sir,
Thank you very much for your kindness in sharing the information. So AR will be very good in non retail category. I will definitely purchase more to be categorised in non retail group, if my pocket permits. Please keep sharing the updates n helping us. Thank you n all the best in all your deeds.
Sir,
I am also confused for retail / General, as not clear what would be the total nos of shares while considering category.
Also non retail has investors like Dolly Khanna and Arun Jain, who would definitely tender all shares so more competition. While retail category normally apply less.
Sir,
As defined under Regulation 2(i)(n) of the Buyback Regulations, a “Small Shareholder” is a Shareholder who holds Equity Shares whose market value, on the
basis of closing price on Stock Exchanges as on Record Date, is not more than ₹ 200,000/- (Rupees two hundred thousand only). As on the Record Date, suppose the volume of Equity Shares traded on BSE was 1000 Equity shares and on NSE was 1500 Equity Shares. Accordingly, NSE, being the stock exchange with highest trading volume, the closing price was suppose ₹ 100 and hence all Shareholders holding not more than 2000 Equity Shares as on the Record Date are classified as ‘Small Shareholders’for the purpose of the Buyback Offer…..
Hope it is clear now…. Thank you.
Yes sir, I am aware of Small shareholder category.
But was referring to the classification used during tendering %age by company.
Company can take eligible %age for small holder from total shares or from possible tenderable share.
For sure here, the quota of 15% would not be there as it would be less than the total %age which is 18%..
Pl check if you get some input
Sir,
Wholeheartedly Very sorry for my inability to understand your query and for underestimating your knowledge. I humbly submit that somehow I am a bit concerned about the issue. Thank you.
If ER is 46%, how can there be 100% acceptance.
Based on assumption that 50% will not participate?
Why no separate page for Nucleus buyback?
I had already collected 300 plus shares and will decide on 24 nov to go above 2 lac or below .If situation get changed then please update here to decide me and others .thanks in advance
Great Girish ji,
Learned members,
Kindly suggest any other earlier tender buyback, where promoter has not participated. for been taken as reference. Thanks
Sir,
Please update on 24th morning so that it can be reviewed, analysed and appropriate decision taken. Thank you.
I appreciate the team concerned for their quick consideration for adding the buyback of MOIL. A good opportunity to grab. In the first phase, I have purchased altogether 550 shares for our two accounts at the average price of Rs. 156.50. AR is likely to be around 60% as the margin between the CMP and the Buyback price is not that much and the size of the buyback is considered good. Thank you.
Hi SivaRK,
You got very good rate of Rs 156.50. I have bought around Rs 177/- . Hopefully would still get good profit and >80% AR.
Anymore Buyback in offering…
I have unfortunately missed many…
Sumit Jain ji,
I am extremely sorry for the erroneous posting of the rate as Rs. 156.50 instead of the correct purchase price of Rs. 176.50 . All the best to you.
Thanks for such quick action of adding.
Please suggest your comments