22-Apr-2024
2 mins read
Sharda Motor Industries Buyback is a tender offer; the issue size is 1,027,777 equity shares at a price of Rs 1800 per share, amounting up to Rs 185 crores. The face value is at Rs 2 per share. The buyback issue period has yet to be announced.The current share price of Sharda Motor is Rs 1504 per share. The company plans a buyback offer with a huge premium of Rs 1800. Interested shareholders who want to cash out their investment in Sharda Motor can avail this opportunity to offload their shares at a higher price.The record date and the last date to buy the shares have not yet been announced. Once it gets announced, investors can apply online with their demat account. The lead managers handling the buyback is yet to be announced. Also, the registrar is yet to be announced.
About Sharda Motor Industries Limited
Sharda Motor Industries was founded in 1986 and specialises in producing, assembling and distributing automotive and white goods components to OEMs. Sharda Motor product portfolio includes sheet metal components, exhaust systems, seat frames, fuel tanks and other automotive components. The company is also a manufacturer of Soft-Top- Canopies and pressed parts for white goods. The company established an R&D centre in 2010, to design, test and validate exhaust systems for commercial vehicles, passenger vehicles and non-automotive applications. The company offers equal opportunities to all their employees for development, advancement and growth. Sharda Motor has modern manufacturing facilities with a continuous focus on innovation and tech upgradation, R&D to provide best products and services to their customers.
Necessity of the Sharda Motor Industries Buyback
Necessity details of the Sharda Motor Industries Buyback is yet to be announced.
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Financials of Sharda Motor Industries Limited (Amt in Rs Crores)
The company reported a revenue of Rs 2,741.67 crore and net profit of Rs 208.33 crore for the period ending on 31 December 2023. In the previous year, the company reported a revenue of Rs 2,284.85 crore and PAT of Rs 149.22 crore.
| Period Ended | 31-Dec-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,388.93 | 1,065.73 | 972.73 |
| Revenue | 2,741.67 | 2,284.85 | 1,757.99 |
| Profit After Tax | 208.33 | 149.22 | 66.65 |
| Reserves and Surplus | 541.65 | 356.69 | - |
Essential Details of Sharda Motor Industries Buyback
| Issue Period | Not yet announced |
| Security Name | Sharda Motor Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,027,777 |
| Issue Size (Amt) | Rs 185.00 Crores |
| Buyback Price | Rs 1800 per share |
| Face Value | Rs 2 per share |
| Listing At | BSE, NSE |
Time-Table For Sharda Motor Industries Buyback
| Last Date to buy shares | Not yet announced |
| Record Date | Not yet announced |
| Offer Opens On | Not yet announced |
| Last Date for receipt of Tender Forms | Not yet announced |
| Offer Closes On | Not yet announced |
| Finalisation of Buyback Acceptance | Not yet announced |
| Last Date for settlement of bids | Not yet announced |
| Last Date for Extinguishment of Shares | Not yet announced |
Lead managers for Sharda Motor Industries Buyback
Lead managers of the Sharda Motor Industries Limited Buyback have not been declared yet.
How do you apply for Sharda Motor Industries Buyback?
Wait for the buyback to open for subscription, then click here to apply for the Sharda Motor Industries Buyback with Bigul.
How to Check the Allotment Status of Sharda Motor Industries Buyback?
The registrar for Sharda Motor Industries Buyback is yet to be announced. Stay tuned with us for the updates.
FAQs
1. What is the Sharda Motor Industries Buyback, and what is its purpose?
Sharda Motor Industries Buyback is a tender offer, the issue size is of 1,027,777 equity shares at price of Rs 1800 per share, amounting up to Rs 185 crores. The face value is at Rs 2 per share.
2. What are the details of the buyback offer?
The current share price of Sharda Motor is Rs 1504 per share. The company is coming up with a buyback offer with a huge premium at Rs 1800. The offer opening and closing dates are not yet announced.
3. When will the Sharda Motor Industries Limited Buyback open, and how can I apply?
The exact opening date of the buyback has not been announced yet. Once it is open, eligible shareholders can apply by clicking here with Bigul.
4. How do I check the allotment status of the Sharda Motor Industries Limited Buyback?
The registrar for the Sharda Motor Industries Limited Buyback is yet to be announced. Updates regarding the allotment status will be provided once the registrar is declared. Shareholders should stay tuned for further information.
5. Who can participate in the Sharda Motor Industries Limited Buyback?
All Sharda Motor Industries Limited shareholders holding the company shares on the record date are eligible to participate in the buyback. This includes both retail and institutional investors.
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