Sharda Motor Industries Ltd Buyback
Sharda Motor Industries Buyback 2024
Tender Offer
₹1,800.00
Buyback price per share04 Jun, 2024
Last Date to buy shares05 Jun, 2024
Record Date11 Jun, 2024
Offer Opens18 Jun, 2024
Offer Closes18 Jun, 2024
Last Date for Tender Forms24 Jun, 2024
Finalisation of Buyback Acceptance25 Jun, 2024
Last Date for settlement of bids04 Jul, 2024
Last Date for Extinguishment of SharesAbout Sharda Motor Industries Ltd Buyback Company
Sharda Motor Industries Limited (SMIL) is based in New Delhi, India. It specializes in the production, assembly, and distribution of automotive and white goods components to OEMs. SMIL is an ISO 9001-certified company with a wide range of products, including sheet metal component, exhaust systems, seat frames, fuel tanks, and other automotive components.
SMIL established an R&D centre in 2010 at Mahindra World City, 45 km from Chennai airport, to design, test, and validate exhaust systems for passenger vehicles, commercial vehicles, and non-automotive applications. In 2004, SMIL established a unit to supply Air Conditioner Cabinet assembly for Samsung India.
Sharda Motor is a manufacturer of a wide range of products that includes Exhaust Systems, Catalytic Converters, Independent Suspension, Seat Frames, Seat Covers (for Two-Wheelers and four-wheelers), Soft-Top Canopies, and Pressed parts for white goods. The company takes pride in meeting the needs of its customers promptly and accurately while maintaining the highest quality standards. They offer all their employees equal opportunities for development, advancement, and growth. Sharda Motor has modern manufacturing facilities with a continuous focus on innovation, technology upgradation, research, and development to provide the best products and services to their customers.
Sharda Motor Industries Ltd Buyback Details
- Security Name Sharda Motor Industries Ltd
- Buyback Price ₹1,800.00
- Face Valuet ₹2.00
- Listing at Group BSE,NSE
- Lead Manager Ambit Private Limited
- Issue Size 1,027,777 (3.46% of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Sharda Motor Industries Ltd Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 5/24 | 154167 |
| General Category for all other Eligible Shareholders | 1/33 | 873610 |
Sharda Motor Industries Ltd Buyback Company Financials
| 31-Dec-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Profit After Tax | 205.43 | 161.49 | 78.59 |
| Reserves And Surplus | 541.65 | 356.69 | -- |
| Total Assets | 1,388.93 | 1,065.73 | 972.73 |
| Total Borrowing | -- | -- | -- |
| Net Worth | 781.82 | 599.77 | 445.45 |
| Total Revenue | 2,741.67 | 2,284.85 | 1,757.99 |
How to Participate in Sharda Motor Industries Ltd Buyback?
Calculation of Investment in Sharda Motor Industries Ltd Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Apr 18, 2024
Expected Profit from the Sharda Motor Industries Ltd Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹176,450.00 | 36 | 7630 | 4.32% |
| 50% | ₹176,450.00 | 55 | 11657 | 6.61% |
| 75% | ₹176,450.00 | 83 | 17591 | 9.97% |
| 100% | ₹176,450.00 | 111 | 23526 | 13.33% |
Amount Invested in Buyback: ₹176,450.00
Sharda Motor Industries Ltd Buyback - Necessity of the Objective
The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The buyback which is being implemented through the tender route as prescribed by the Buyback regulations, involves allocation of the number of equity shares as per their entitlement as 15% of the number of equity shares to be bought back whichever is higher, reserved for small shareholders. The Company believes that the reservation for small shareholders would benefit a large number of public shareholders, who would get classified as small shareholders as per Regulation 2(i)(n) of the Buy-Back Regulations
The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term
The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment
Contact Details
Sharda Motor Industries Ltd Buyback
D-188, Okhla Industrial Area, Phase-INew Delhi-110020
+011 4733 4100
smil@shardamotor.com
Registrar Contact Details
Link Intime India Private Ltd
shardamotor.buyback2024@linkintime.co.in
+91-22-4918 6270