Sharda Motor Industries Ltd. Buyback 2024
- Market Leadership: Sharda Motor is a leader in manufacturing various automotive components like exhaust systems, catalytic converters, independent suspensions, seat frames, and covers for both two- and four-wheelers.
- Advanced Manufacturing: Equipped with state-of-the-art manufacturing facilities, Sharda Motor focuses on innovation, technology upgrades, and R&D for continuous product improvement.
- Industry Partnerships: It partners with major automotive companies, including Hyundai, Tata Motors, Mahindra & Mahindra, Cummins, and many more.
- Global Reach: The company boasts 13 manufacturing units and an R&D center, covering a significant portion of the global automotive market with a diverse product range.
- Comprehensive Solutions: Sharda Motor’s extensive range includes emission systems, suspension systems, and supply chain management, all contributing significantly to the automotive industry.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jun 05 2024 |
| Buyback Opening Date: | Jun 11 2024 |
| Buyback Closing Date: | Jun 18 2024 |
| Buyback Offer Amount: | ₹ 184.99 Cr |
| Date of Board Meeting approving the proposal: | Apr 18 2024 |
| Date of Public Announcement: | Apr 18 2024 |
| Buyback Offer Size: | 3.46% |
| Buyback Number of Shares: | 10,27,777 |
| FV: | 2 |
| Buyback Price: | ₹ 1800 Per Equity Share |
Details of Buyback:
The proposal to buyback not exceeding 10,27,777 (Ten Lakhs Twenty Seven Thousand Seven Hundred and Seventy Seven Only) equity shares of the Company (representing 3.46% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 1800/- (Indian Rupees Eighteen Hundred only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 1,84,99,98,600 (One Hundred Eighty Four Crore Ninety Nine Lakhs Ninety Eight Thousand and Six Hundred Only).
Salient financial parameters:
|
Particulars (In Cr)
|
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 1,140 | 863 | 1,737 | 2,255 | 2,700 |
| Expenses + | 995 | 767 | 1,607 | 2,027 | 2,418 |
| Operating Profit | 145 | 96 | 129 | 228 | 282 |
| OPM % | 13% | 11% | 7% | 10% | 10% |
| Other Income + | 22 | 24 | 21 | 29 | 42 |
| Interest | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 41 | 40 | 44 | 41 | 46 |
| Profit before tax | 126 | 78 | 105 | 215 | 275 |
| Tax % | 30% | 26% | 25% | 25% | 25% |
| Net Profit + | 88 | 58 | 79 | 161 | 205 |
| EPS in Rs | 29.58 | 19.44 | 26.46 | 54.32 | 69.09 |
|
Dividend Payout %
|
0% | 0% | 2% | 15% | 25% |
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Sharda Motor Industries Ltd. in Demat or physical form as on the record date [05-June-2024].
2. Once you have shares in Demat, you can participate in the buyback process which is opening from [11-June-2024] by selling your shares through your broker on NSE or BSE.
3. Then on [25-June-2024], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Profit from the buyback on the bases of acceptance Ratio:
Buy 111 Shares at CPM of Rs. 1504 (2,00,000/1800)
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 166944 | 166944 | 166944 | 166944 |
| No. of Shares Buyback | 36 | 55 | 83 | 111 |
| Buyback Profit | 10656 | 16280 | 24568 | 32856 |
| Profit% | 6.38% | 9.75% | 14.72% | 19.68% |
25 Comments
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Sharda motor buyback ka amount kab Tak aayega ?
72 share accepted out of 120
You saved 38 share which you can get higher price today 1955 top today good profit
Bro wrong calculation
48 share baki h
You are lucky.
Here 42 out of 52 get accepted.
First time feeling sad due to high acceptance
Don’t be sad aur bhi jahan hai is duniyame.
It’s due to more share on record date and more entitled shares .
Yes bro 48 it is more lucky
Did you get contract note? I am still waiting for contract note and confirmation
Yes contact note from broker
Same here. When the shares are going to be credited back to Demat?
Holding 243 shares in 3 accounts at an average of 1526 , sold all holding today except entitled shares in between 1680 to 1695 !!
Sharda motors buyback window will open from 11 to 18 June
Entitlement Ratio for retail category 5 out of 24 means 20.8%.
Now 100 percent A R is looking like certainty, not a simple possibility. I have been left with nothing now because I was blown away by the phenomenal rise of this beauty 😍
ER – 20.85 %
The best of recent times. It crossed 1713/ today, which to me is the real measure of quality. Class indeed.
Very true Gopi ji….today share is trading almost at buyback price..Indeed a good buyback of recent times !!
Hi can anyone please help on the question?
I had sold the Sharda Motors shares on record date which is 5th June, 120 quantity from my Groww app. Which I still be eligible to apply for buyback if I purchase the shares before the buyback opening date?
Most probably not (repeat not)However , you may please check your email and make sure whether the entitlement is communicated and act accordingly. If there is no mail, please avoid buying for buyback.
👍 thanks
I did received the email for the entitlements shares for buyback
How many shares available for retailres
👍 thanks
I did received the email for the entitlements shares for buyback
What would be the expected record date ???
Expecting e voting result for buyback proposal declare after 24 may … So record date probability in June 1st week.
Over all, this one looks better among the current lot. I am Participating.