SM Auto Stamping Buyback 2023 description – Established in 2006, SM Auto Stamping, headquartered in Nashik, specializes in the production of precision sheet metal stamping and deep-drawn components, including welded assemblies and press tools. The company places a strong emphasis on addressing customer needs directly, offering tailored solutions within the automobile and engineering sectors.
SM Auto Stamping specializes in the design of intricate sheet metal pressed components, as well as the design and manufacturing of top-tier stamping, dies, welding fixtures, high-tonnage stamped components, and welded assemblies tailored for vehicles such as Light Commercial Vehicles (LCV), Sport Utility Vehicles (SUV), and tractors. The company boasts an in-house facility dedicated to tool design, development, and manufacturing. Furthermore, it supplies components to clients certified under TS 16949 standards.
The company operates four manufacturing units situated in Nashik, Sinner (Maharashtra), Mumbai, and Pune, collectively producing 6 million components annually. Currently, SM Auto Stamping employs a workforce of 350 individuals, both directly and indirectly. The high-tonnage stamping facility includes a maximum 1500-ton pneumatic straight-sided frame press, featuring a vertical position and double action capability.
SM Auto Stamping Share Buyback 2023 Details
| SM Auto Stamping Buyback Dates | 29 Dec 2023 – 4 Jan 2024 |
| SM Auto Stamping Buyback Price | INR 60 per share |
| Market Price on Buyback Approval | INR 47 per share |
| Buyback Premium on Market Price | 27.66% |
| Buyback Offer Size (Shares) | 6,00,000 shares |
| Buyback Offer Size (Amount) | INR 3.60 crores |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE |
SM Auto Stamping Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 6 November 2023 |
| Buyback Approval Date | 9 December 2023 |
| Public Announcement of Buyback | 12 December 2023 |
| SM Auto Stamping Buyback Record Date | 22 December 2023 |
| Buyback Opening Date | 29 December 2023 |
| Buyback Closing Date | 4 January 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 4 January 2024 |
| Verification Date by the Registrar | 8 January 2024 |
| Return of unaccepted shares by Registrar | 11 January 2024 |
| Extinguishment of accepted shares | 22 January 2024 |
SM Auto Stamping Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
SM Auto Stamping Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/6 | 16.67 |
| General category (for all other Eligible Shareholders) | 1/27 | 3.70 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
SM Auto Stamping Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 38.93 | 54.53 | 68.66 |
| Total Expenses | 40.71 | 52.19 | 65.75 |
| Net income | (1.70) | 3.64 | 3.09 |
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 60 |
| Maximum shares for small shareholder (2,00,000/60) | 3,334 shares * |
| Closing price of stock as on 11 November 2023 | INR 47** |
| Maximum amount invested in buyback (INR 47 x 3,334 shares) | INR 1,56,698 |
** For simplicity, we have considered price on buyback approval date
SM Auto Stamping Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 3,334 | 556 | 556 (100%) | 7,228 | 4.61 |
| 3,334 | 556 | 1,112 (200%) | 14,456 | 9.23 |
| 3,334 | 556 | 1,668 (300%) | 21,684 | 13.84 |
Registrar of SM Auto Stamping Buyback 2023
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai-400093, Maharashtra, India
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Manager of SM Auto Stamping Buyback 2023
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone:Â +91 22 49730394
Email:Â [email protected]
Website: www.saffronadvisor.com
The process to Participate in SM Auto Stamping 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 SM Auto Stamping buyback dates?
SM Auto Stamping share buyback opens on 29 December 2023 and closes on 4 January 2024.
Which type of buyback is SM Auto Stamping buyback offer?
SM Auto Stamping buyback is a tender offer.
What is SM Auto Stamping buyback price?
SM Auto Stamping buyback price is INR 60 per share.
What is SM Auto Stamping buyback record date?
SM Auto Stamping buyback record date is 22 December 2023.
How to participate in SM Auto Stamping share buyback?
SM Auto Stamping share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
