Sharda Motor Buyback Record Date is 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 | 11 – 18 June 2024 |
| 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 | 28 May 2024 |
| Sharda Motor Industries Buyback Record Date | 5 June 2024 |
| Buyback Opening Date | 11 June 2024 |
| Buyback Closing Date | 18 June 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 18 June 2024 |
| Verification Date by the Registrar | 21 June 2024 |
| Return of unaccepted shares by Registrar | 25 June 2024 |
| Extinguishment of accepted shares | 4 July 2024 |
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) | 5/24 | 20.83 |
| General category (for all other Eligible Shareholders) | 1/33 | 3.03 |
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 | 24 | 24 (100%) | 5,086.8 | 2.86 |
| 112 | 24 | 48 (200%) | 10,173.6 | 5.72 |
| 112 | 24 | 72 (300%) | 15,260.4 | 8.58 |
Registrar of Sharda Motor Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L. B. S. Marg, Vikhroli
(West), Mumbai – 400 083
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Sharda Motor Buyback 2024
AMBIT PRIVATE LIMITED
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai 400013, Maharashtra
Telephone:Â +91 22 6623 3030
Email:Â [email protected]
Website:Â www.ambit.co
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 11 June 2024 and closes on 18 June 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 5 June 2024.
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.
