Sharda Motor Buyback Record Date is yet to be finalized.Â
Sharda Motor Industries specializes in the manufacturing and assembly of auto components and white goods components. The company is a market leader in producing exhaust systems, catalytic converters, independent suspension, seat frames, seat covers for both two-wheelers and four-wheelers, soft top canopies, and pressed parts for white goods products.
Sharda Motor Industries prioritizes customer satisfaction by promptly and accurately addressing their needs while upholding the highest quality standards. The company offers equal opportunities for development, advancement, and growth to its employees. With state-of-the-art manufacturing facilities, Sharda Motor focuses on new product development, innovation, and technology upgrades, as well as ongoing research and development initiatives.
Sharda Motor Industries operates manufacturing facilities in seven locations across India. These facilities are located in Sanand, Pune, Chennai, Nashik, Haridwar, and Delhi, with an additional joint venture in Pune. The company also has a Design & Development Centre located abroad in South Korea.
Sharda Motor Buyback Record Date, Other Details
| Sharda Motor Buyback Dates | Coming soon |
| Sharda Motor Buyback Price | INR 1,800 per share |
| Market Price on Buyback Approval | INR 1,588.05 per share |
| Buyback Premium on Market Price | 13.35% |
| Buyback Offer Size (Shares) | 10,27,777 shares |
| Buyback Offer Size (Amount) | INR 185 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Sharda Motor Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 8 April 2024 |
| Buyback Approval Date | 18 April 2024 |
| Public Announcement of Buyback | Coming soon |
| Sharda Motor Industries Buyback Record Date | Coming soon |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Sharda Motor Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Sharda Motor Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | – | 7.18* |
| General category (for all other Eligible Shareholders) | – | – |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Sharda Motor Industries Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Total Income | 1,736.54 | 2,255.31 | 2,699.94 |
| Total Expenses | 1,652.71 | 2,069.65 | 2,466.36 |
| Net income | 66.65 | 149.22 | 208.33 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,800 |
| Maximum shares for small shareholders (2,00,000/1,800) | 112 shares * |
| The closing price of the stock as of 18 April 2024 | INR 1,588.05** |
| Maximum amount invested in buyback (INR 1,588.05 x 112 shares) | INR 1,77,862 |
**Â For simplicity, we have considered the price on the buyback approval date
Sharda Motor Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 112 | 9 | 9 (100%) | 1,907.55 | 1.07 |
| 112 | 9 | 18 (200%) | 3,815.10 | 2.14 |
| 112 | 9 | 27 (300%) | 5,722.65 | 3.22 |
Registrar of Sharda Motor Buyback 2024
Coming soon
Manager of Sharda Motor Buyback 2024
Coming soon
The Process to Participate in Sharda Motor Industries Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
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.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Sharda Motor buyback dates?
Sharda Motor share buyback opens on 2024 and closes on 2024.
Which type of buyback is Sharda Motor buyback offer?
Sharda Motor buyback is a tender offer.
What is Sharda Motor buyback price?
Sharda Motor buyback price is INR 1,800 per share.
What is Sharda Motor buyback record date?
Sharda Motor buyback record date is coming soon.
How to participate in Sharda Motor Industries share buyback?
Sharda Motor Industries share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
