Sharda Motor Industries of ₹185 crores approved by the board of directors at the meeting was held on April 8, 2024. Sharda Motor Industries will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹1800 per Equity Share and for an aggregate amount not exceeding ₹185 crores from the shareholders. Check out Sharda Motor Industries Buyback 2024 details below:
SMIL is a market leader in the manufacturing and supply of Exhaust Systems, Catalytic Converters, Independent Suspensions, and Pressed Parts. The company boasts of state-of-the-art manufacturing facilities with a continuous focus on new products, innovation, technology up gradation and Research & Development. SMIL has multiple production facilities, sales offices, and R&D Centers across India, bringing them near their customer base. Sharda Motor believes in satisfying all its customers and those who use its products and services by meeting their needs promptly and accurately by maintaining the highest quality standards. With a firm base in operational excellence, SMIL supplies quality automotive components to leading vehicle and engine manufacturers in India. They provide equal opportunity for development, advancement, and growth.
Sharda Motor Industries History
- N/A
Sharda Motor Industries Buyback 2024 Dates
| Buyback Meeting Date: | April 8, 2024 |
| Buyback Announcement Date: | April 8, 2024 |
| Buyback Record Date: | 2024 |
| Last Date to Buy Shares: | 2024 |
| Buyback Open Date: | 2024 |
| Buyback Close Date: | 2024 |
| Finalization of Buyback Acceptance: | 2024 |
Sharda Motor Industries Buyback 2024 Offer Details
Sharda Motor Industries of 1,027,777 equity shares at a price of ₹1800 per equity share. The buyback offers not to exceed ₹185 crores of the total buyback offer size.
| Offer Amount: | ₹185 Crores |
| Number of Shares: | 1,027,777 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1800 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Sharda Motor Industries Buyback 2024 Acceptance Ratio
The investor should buy around 111 shares at a current market price of ₹1500 (as of date). The calculation will be ₹2,00,000 / ₹1800 buyback price = 111 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹165000 | 37 | ₹11550 |
| 50% | ₹165000 | 56 | ₹17500 |
| 75% | ₹165000 | 83 | ₹26250 |
| 100% | ₹165000 | 111 | ₹35000 |
Sharda Motor Industries Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1757.99 | ₹1652.71 | ₹78.59 |
| 2022 | ₹2284.85 | ₹2069.65 | ₹161.49 |
| 2023 | ₹2741.67 | ₹2466.36 | ₹205.43 |
How to Participate in Sharda Motor Industries Buyback 2024
The investors are eligible for the buyback scheme who have Sharda Motor Industries shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Sharda Motor Industries Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Shervani Industrial Syndicateepted shares by the company under the Sharda Motor Industries scheme.
Sharda Motor Industries Buyback 2024 Registrar
To be updated soon
Sharda Motor Industries Buyback 2024 Lead Managers
- To be updated soon
Sharda Motor Industries Company Address
Sharda Motor Industries Ltd
D-188, Okhla Industrial Area,
Phase-I, New Delhi-110020
Phone: 011 4733 4100
Email: [email protected]
Website: https://www.shardamotor.com/
How to Apply the Sharda Motor Industries through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Sharda Motor Industries”. Click on Place Order. Enter your Quantity and submit Sharda Motor Industries Application Form.
How to Apply the Sharda Motor Industries through Upstox?
Log in to Upstox Application with your credentials. Select the Sharda Motor Industries. You will see the Company Name “Sharda Motor Industries”. Click on Sharda Motor Industries Stock for Buyback. Enter your Quantity and submit Sharda Motor Industries Application Form.
How to Apply the Sharda Motor Industries through Sharda Motor Industries Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Sharda Motor Industries. Enter your Quantity and submit Sharda Motor Industries Application Form.
