MAYUR UNIQUOTERS will buyback nearly 6,25,00 shares for about Rs.40.62 Crore. In a filing to the stock exchanges, MAYUR UNIQUOTERS said it will buyback percent of the fully paid-up equity shares at a price of Rs.650/- per equity share.
The Board approved the proposal of MAYUR UNIQUOTERS buyback of fully paid-up equity shares of the face value of Rs.5 each of the Company for an amount not exceeding Rs.40.62 Crores. MAYUR UNIQUOTERS Buyback 2022 Size is being 1.40% 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. MAYUR UNIQUOTERS 2022 price is Rs.650 per Equity Share through the "tender offer" route, on a proportionate basis.
MAYUR UNIQUOTERS Buyback 2022 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Feb 23, 2022 |
| Buyback Opening Date: | NA |
| Buyback Closing Date: | NA |
| Buyback Offer Amount: | ₹40.62 Crore |
| Date of Board Meeting approving the proposal: | Feb 8, 2022 |
| Date of Public Announcement: | Feb 8, 2022 |
| Buyback Offer Size: | 1.40% |
| Buyback Number of shares: | 6,25,00 |
| Price Type: | Tender Route |
| FV: | Rs.5 |
| Maximum Buyback Price: | ₹650 Per Equity Share |
Details Of MAYUR UNIQUOTERS Buyback
The Board of Directors of the K.P.R. Mill at its meeting held on Feb 8, 2021, has approved a proposal to buy back up to 6,25,00 Equity Shares of the Company, being 1.40% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.40.62 Cr. for Rs.650 per Equity Share through " Tender Route".
MAYUR UNIQUOTERS Buyback Important Dates
In this section, we have covered all important dates related to the “MAYUR UNIQUOTERS Buyback Date”. Dates are updated as they are announced. The most noted dates are the MAYUR UNIQUOTERS record date and MAYUR UNIQUOTERS buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for MAYUR UNIQUOTERS Buyback proposal | Feb 8, 2022 |
| MAYUR UNIQUOTERS Buyback Approval date | Feb 08, 2022 |
| Public Announcement of MAYUR UNIQUOTERS Buyback | Feb 10, 2022 |
| MAYUR UNIQUOTERS Buyback Record Date | Feb 23, 2022 |
| MAYUR UNIQUOTERS Buyback opens on/Buyback Opening Date | 2022 |
| MAYUR UNIQUOTERS 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 MAYUR UNIQUOTERS buyback offer documents. Click Here
How to Participate in MAYUR UNIQUOTERS buyback?
- Firstly to be eligible for the buyback the investor should have shares of MAYUR UNIQUOTERS Buyback 2022 in Demat or physical form as on record date [Feb 23, 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 MAYUR UNIQUOTERS Shares market price on NSE and BSE: MAYUR UNIQUOTERS
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 MAYUR UNIQUOTERS:
Being the most preferred supplier of artificial leather is what was at the genesis of the formation of Mayur Uniquoters Limited in 1994. Since then we have never looked back and have shown phenomenal and holistic growth with every passing year. So much so, that in 2012, we made way into the 'Forbes Asia Top 200 under $1Bn enterprises' in the Asia Pacific region.
We are the largest manufacturer of artificial leather, using the 'Release Paper Transfer Coating Technology' in India. We 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. We have now started our PU coating plant with a current capacity of 6 lacs linear meters per month.
The guiding principle of the organization has always been the fulfillment of customer requirements and progressive thinking. This guiding principle is now the culture of the organization and ensures that both internal and external customers are satisfied.
Our world-class infrastructure consists of a full range of machinery to fulfill our knitting, processing, heat setting, coating, embossing, printing, lacquering, sliding, tumbling, and laminating needs. We value quality and innovation, thus, our Physical, Chemical, and Product Development Laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications.
NECESSITY OF BUYBACK By MAYUR UNIQUOTERS
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 thingsa) 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
28, 4th Floor, Lakshmi Complex,M.I. Road, Jaipur-302001,(Rajasthan), IndiaPhone No : +91-141-2361132Fax No : +91-141- 2365423Email : info@mayur.biz
Beetal Financial and Computer Services Private LimitedBeetal House, 3rd Floor, 99, Madangir,Behind Local Shopping Centre,Near Dada Harsukh Das Mandir, New Delhi - 110062Contact person: Mr. Punit Mittal;Tel No.: 011 - 29961281-83 | Fax No.: 011 - 29961284Email: beetal@beetalfinancial.com;Website: www.beetalfinancial.com
MAYUR UNIQUOTERS Buyback 2022 FAQs:
When is MAYUR UNIQUOTERS Record Date?
MAYUR UNIQUOTERS buyback 2022 record date is Feb 23, 2022.
What is the MAYUR UNIQUOTERS Buyback Opening Date?
MAYUR UNIQUOTERS buyback 2022 Opening date is Not been announced yet.
What is the MAYUR UNIQUOTERS Buyback Closing Date?
MAYUR UNIQUOTERS buyback 2022 Closing date is Not announced yet.
When is MAYUR UNIQUOTERS Buyback Announcement Date?
MAYUR UNIQUOTERS buyback 2022 announcement Date is Feb 10, 2022.
What is MAYUR UNIQUOTERS Buyback Price?
The company has fixed the maximum price of ₹650.
How to apply for MAYUR UNIQUOTERS Buyback 2022?
As per the record date you need to have MAYUR UNIQUOTERS shares in your Demat account. You can participate in buyback after having the stock in your account.
