KPR Mill will buyback nearly 22,36,000 shares for about Rs.179.99 Crore. In a filing to the stock exchanges, KPR Mill said it will buyback percent of the fully paid-up equity shares at a price of Rs.805/- per equity share.
The Board approved the proposal of KPR Mill buyback of fully paid-up equity shares of the face value of Rs.1 each of the Company for an amount not exceeding Rs.179 Crores. KPR Mill Buyback 2022 Size is being 0.65% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company based on the latest standalone and consolidated audited financial statements of the Company respectively as of March 31, 2021. KPR Mill 2022 price is Rs.805 per Equity Share through the "tender offer" route, on a proportionate basis.
KPR Mill Buyback 2022 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 19, 2022 |
| Buyback Opening Date: | NA |
| Buyback Closing Date: | NA |
| Buyback Offer Amount: | ₹179 Crore |
| Date of Board Meeting approving the proposal: | Jan 27, 2022 |
| Date of Public Announcement: | Jan 27, 2022 |
| Buyback Offer Size: | 0.65% |
| Buyback Number of shares: | 22,36,000 |
| Price Type: | Tender Route |
| FV: | Rs.1 |
| Maximum Buyback Price: | ₹805 Per Equity Share |
Details Of K.P.R. Mill Buyback
The Board of Directors of the K.P.R. Mill at its meeting held on Jan 27, 2021, has approved a proposal to buy back up to 22,36,000 Equity Shares of the Company, being 0.65% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.179 Cr. for Rs.805 per Equity Share through " Tender Route".
KPR Mill Buyback Important Dates
In this section, we have covered all important dates related to the “KPR Mill Buyback Date”. Dates are updated as they are announced. The most noted dates are the KPR Mill record date and K.P.R. Mill buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for K.P.R. Mill Buyback proposal | Jan 27, 2022 |
| K.P.R. Mill Buyback Approval date | Feb 07, 2022 |
| Public Announcement of K.P.R. Mill Buyback | Feb 10, 2022 |
| K.P.R. Mill Buyback Record Date | Feb 19, 2022 |
| K.P.R. Mill Buyback opens on/Buyback Opening Date | 2022 |
| K.P.R. Mill Buyback closes on/Buyback Closing Date | 2022 |
| Cut-off date to receive completed tender forms by Registrar | 2022 |
| Cut-off date for verification by the Registrar | 2022 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar |
2022 |
| Last date of settlement of bids on the stock exchange | 2022 |
| Last date to return unaccepted shares by Registrar | 2022 |
| Last date of extinguishment of Equity Shares | 2022 |
Note: If anything you want to know about the buyback offer you can refer the K.P.R. Mill buyback offer documents. Click Here
How to Participate in KPR Mill buyback?
- Firstly to be eligible for the buyback the investor should have shares of KPR Mill Buyback 2022 in Demat or physical form as on record date [Feb 19, 2022].
- Once you have shares in Demat, you can participate in the buyback process which is opening from [Not Announced] by selling your shares through your broker on NSE or BSE.
- Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Checkout Current KPR Mill Shares market price on NSE and BSE: K.P.R. Mill
Profit from the buyback on the basis of acceptance Ratio:
Buy 248 Shares at CMP of Rs. 650 [2,00,000/805 =248)| Acceptance Ratio | 33% | 50% | 75% | 100% |
|---|---|---|---|---|
| Amount Invested in Buyback | 1,61,200 | 1,61,200 | 1,61,200 | 1,61,200 |
| No. of Shares buyback | 81 | 124 | 186 | 248 |
| BuyBack Profit | 12,555 | 19,096 | 28,644 | 38,192 |
| Profit | 7.77% | 11.84% | 17.76% | 23.26% |
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About K.P.R. Mill:
Manufacturing an impressive product range of textile varieties such as Readymade Knitted Apparel; Fabrics; Compact, Melange, Carded, Polyester and Combed Yarn, KPR Mill reaches out to global customers with diligence, superior quality, and delivery excellence.
NECESSITY OF BUYBACK By K.P.R. Mill
2.1 The Buyback is being proposed by the Company to service the equity more efficiently. Additionally, the Company’s management strives to increase equity shareholders value and the Buyback would result in amongst other things
a) The Buyback is being done to return surplus funds, after taking into account the strategic and operational cash needs of the Company in the short to medium term
b) The Buyback may help in improving earnings per share, return on equity, by a reduction in the equity base, thereby leading to a long term increase in shareholders’ value;
c) The Buyback gives an option to the equity shareholders, who can either
(i) choose to participate and get cash in place of Equity Shares to be accepted under the Buyback; or
(ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buyback, without additional investment;
d) The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, shall be from its existing securities holders on a proportionate basis per the provisions of Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018: provided that fifteen percent of the number of securities which the Company proposes to Buyback or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders.
Company Contact Information
Shrivari Srimat, 1045, Avinashi Road
Coimbatore – 641 018, India.
Phone : 0422-2207777 (50 lines)
Fax : 0422 – 2207778
Email : corporate@kprmill.comWebsite:- https://kprmilllimited.com/
Selenium, Tower B, Plot No- 31 and 32,Financial District, Nanakramguda,Serilingampally, Hyderabad,Rangareddi 500 032 Telangana, India.Phone: +91 040 6716 2222Contact Person: M. Murali KrishnaE-mail: kpr.buyback@kfintech.comWebsite: www.kfintech.com
K.P.R. Mill Buyback 2022 FAQs:
When is KPR Mill Record Date?
KPR Mill buyback 2022 record date is Feb 19, 2022.
What is the KPR Mill Buyback Opening Date?
KPR Mill buyback 2022 Opening date is Not announced yet.
What is the K.P.R. Mill Buyback Closing Date?
K.P.R. Mill buyback 2022 Closing date is Not announced yet.
When is K.P.R. Mill Buyback Announcement Date?
K.P.R. Mill buyback 2022 announcement Date is Feb 07, 2022.
What is K.P.R. Mill Buyback Price?
The company has fixed the maximum price of ₹805.
How to apply for K.P.R. Mill Buyback 2022?
As per the record date you need to have K.P.R. Mill shares in your Demat account. You can participate in buyback after having the stock in your account.
