Mayur Uniquoters Buyback Details: Opening Date, Closing Date, Buyback Price

Mayur Uniquoters Limited’s primary activity is the production of coated textile fabric. Mentioned are the Mayur Uniquoters Buyback details. The Board of Directors of the Company unanimously approved the 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, at its meeting held today, February 09, 2022.

Mayur Uniquoters Buyback
Mayur Uniquoters Buyback

Mayur Uniquoters Buyback Details: Opening Date, Closing Date, Buyback Price

Buyback TypeTender Offer
Buyback Record DateFeb 23, 2022
Offer Opens OnMar 24, 2022
Offer Closes OnApr 6, 2022
Buyback Offer AmountRs 40.63 cr. (Approx)
Listing AtBSE, NSE
Buyback Offer SizeRs. 0.22 Cr.
Buyback Number of Shares6,25,000 (Approx)
Price TypeTender offer
Buyback PriceRs 650 Per Equity Share (Approx)
Face ValueRs 5 Per Equity Share
Last Date for receipt of Tender FormsApr 6, 2022
Acceptance of the BuybackApr 18, 2022
Last Date for settlment of bidsApr 19, 2022
Last Date for Extinguishment of SharesApr 26, 2022

About Mayur Uniquoters Limited

Mayur Uniquoters Limited’s primary activity is the production of coated textile fabric. In India, the company is the largest manufacturer of coated textile fabric. The production units of this company are located in the villages of Jaitpura, Dhodsar, and Morena (India).

Knitted fabric produced in the Dhodsar mill is mostly consumed as captive consumption. Coated Textile Fabric, one of the company’s products, is widely used in a variety of industries, including footwear, furnishings, automotive OEM, automotive replacement market, and automotive exports.

Mayur Uniquoters Limited sells synthetic leather to both domestic and international customers. Mayur works with clients such as Bata, Action, Liberty, Relaxo, VKC Group, Paragon, and others in the footwear business. Domestic and international automotive OEMs, as well as the replacement market, are served by the company. Mayur Uniquoters works with a number of major automakers, including Honda, Maruti, M&M, Tata, Eicher Motors, and worldwide OEMs such as Ford, Mercedes-Benz, and Chrysler.

Mayur Uniquoters Buyback FAQs

When is Mayur Uniquoters Buyback offer coming?

The open and close dates for the Mayur Uniquoters Buyback are currently unavailable.

Which type of buyback is Mayur Uniquoters Buyback offer?

The Mayur Uniquoters Buyback is a Tender Offer.

What is the schedule of activities for Mayur Uniquoters Buyback?

Sorry, Mayur Uniquoters Buyback timelines are currently unavailable.

What is the offer price for Mayur Uniquoters Buyback offer?

Mayur Uniquoters is offering a buyback at a price of Rs 650 per equity share.

Which date can I sell Mayur Uniquoters Buyback shares to remain eligible for buyback?

To stay eligible for buyback, you could sell Mayur Uniquoters Buyback on February 22, 2022. Mayur Uniquoters Buyback has a record date of February 23, 2022.

What is the record date for Mayur Uniquoters Buyback date?

The record date for the Mayur Uniquoters Buyback is Feb 23, 2022.

What is the issue size of Mayur Uniquoters Buyback?

Mayur Uniquoters Buyback is a 0.06 crore equity share issue valued at 650 rupees per share, with a total value of 40.63 crores.

Is the Mayur Uniquoters Buyback a good idea or a poor idea for apply?

The Mayur Uniquoters Buyback provides shareholders with the opportunity to sell their stock at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.

How do I take part in the Mayur Uniquoters Buyback?

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical Shares or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange. Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.