Sharda Motor Buyback Record Date 2024, Price, Entitlement Ratio

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Last updated on May 27, 2024

Sharda Motor Buyback Record Date

Sharda Motor Buyback Record Date is yet to be finalized. 

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 Industries Buyback

Sharda Motor Buyback Record Date, Other Details

Sharda Motor Buyback DatesComing soon
Sharda Motor Buyback Price INR 1,800 per share
Market Price on Buyback ApprovalINR 1,588.05 per share
Buyback Premium on Market Price13.35%
Buyback Offer Size (Shares)10,27,777 shares
Buyback Offer Size (Amount)INR 185 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Sharda Motor Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal8 April 2024
Buyback Approval Date18 April 2024
Public Announcement of BuybackComing soon
Sharda Motor Industries Buyback Record Date5 June 2024
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

Sharda Motor Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Sharda Motor Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
7.18*
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

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 2021FY 2022FY 2023
Total Income1,736.542,255.312,699.94
Total Expenses1,652.712,069.652,466.36
Net income 66.65149.22208.33
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,800
Maximum shares for small shareholders (2,00,000/1,800)112 shares *
The closing price of the stock as of 18 April 2024INR 1,588.05**
Maximum amount invested in buyback (INR 1,588.05 x 112 shares)INR 1,77,862
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Sharda Motor Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
11299 (100%)1,907.551.07
112918 (200%)3,815.102.14
112927 (300%)5,722.653.22

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 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.

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