The Sharda Motor Industries Ltd date has been confirmed from June 11, 2024 – June 18, 2024.
Established in 1986, Sharda Motor Industries Limited (SMIL) is in New Delhi, India. The company focuses on manufacturing, assembling, and supplying automotive and white goods parts to OEMs. SMIL is certified with ISO 9001 and offers a variety of products, such as sheet metal components, exhaust systems, seat frames, fuel tanks, and more.
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Key Details Of Sharda Motor Industries Ltd
Bidding Dates
June 11- 18
Buyback Price
₹1800 per share
Face Value
₹2 per share
Offer Closes On
June 18, 2024
Sharda Motor Industries Ltd IPO Buyback Price
The Sharda Motor Industries Ltd Buyback Price is ₹1800 per share.
IPO Overview
Sharda Motor produces various products like Exhaust Systems, Catalytic Converters, Independent Suspension, Seat Frames, Seat Covers (for Two-Wheelers and four-wheelers), Soft-Top Canopies, and Pressed parts for white goods. They prioritize meeting customer needs with top quality, offering equal opportunities for employee growth. Sharda Motor has advanced manufacturing facilities, focusing on innovation, technology, research, and development to deliver excellent products and services.
Sharda Motor Industries Ltd Buyback Detail
| Issue Period | June 11, 2024 – June 18, 2024 |
| Security Name | Sharda Motor Industries Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,027,777 (3.46 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹185.00 Crores |
| Buyback Price | ₹1800 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Sharda Motor Industries Ltd Financial Information
| Period Ended | 31 Mar 2024 | 31 Dec 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,388.93 | 1,065.73 | 972.73 | |
| Revenue | 2,897.12 | 2,741.67 | 2,284.85 | 1,757.99 |
| Profit After Tax | 294.90 | 205.43 | 161.49 | 78.59 |
| Net Worth | 1,025.12 | 781.82 | 599.77 | 445.45 |
| Reserves and Surplus | 541.65 | 356.69 | ||
| Amount in ₹ Crore | ||||
Sharda Motor Industries Ltd Buyback Issue Timetable
| Last Date to buy shares | June 4, 2024 |
| Record Date | June 5, 2024 |
| Offer Opens On | June 11, 2024 |
| Last Date for receipt of Tender Forms | June 18, 2024 |
| Offer Closes On * | June 18, 2024 |
| Finalisation of Buyback Acceptance | June 24, 2024 |
| Last Date for settlment of bids | June 25, 2024 |
| Last Date for Extinguishment of Shares | July 4, 2024 |
Company Profile
Sharda Motor is a top manufacturer of Exhaust System, Catalytic Converter, Independent Suspension, Seat Frames, Seat Covers (Two Wheelers & Four Wheelers), Soft Top Canopies, and Pressed part- White goods products. They aim to meet all customer needs with high-quality standards, providing equal opportunities for growth and development. Sharda Motor has advanced manufacturing facilities focusing on innovation, technology upgrades, and research and development. Sharda Motor leads the way in automotive innovation by providing
tailored comfort and cutting-edge technology. With a strong focus on operational efficiency, Sharda Motor delivers top-notch automotive parts to significant vehicle and engine makers nationwide. Its continuous design, engineering, and production progress sets it apart as one of the few industries with outstanding just-in-time delivery.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Sharda Motor Industries Ltd |
| Phone number | 011 4733 4100 |
| Email ID | [email protected] |
| Website | shardamotor.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sharda Motor Industries Ltd IPO FAQs
Which is the last day to buy Sharda Motor Industries Buyback 2024 for buyback?
Last date to be eligible to participate in buyback is June 4, 2024.
What is the offer price for Sharda Motor Industries Buyback 2024 offer?
The Sharda Motor Industries Buyback 2024 is being offered at Rs ₹1800 per share per equity share.
What is the issue size of Sharda Motor Industries Buyback 2024?
The issue size of Sharda Motor Industries Buyback 2024 is of 1,027,777 equity shares at ₹1800 per share aggregating upto ₹185.00 Crores.
