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Jan 25, 2021 - Feb 8, 2021

Jullundur Motor Agency (Delhi) Limited Buyback (Jullundur Motor Agency Buyback) Detail

Incorporated in 1949, Jullundur Motor Agency (Delhi) Limited (JMA) is India's one of the oldest and largest auto component distribution company . JMA is engaged in the business of dealing in spare parts and consumables of Automobiles. The Company manufactures almost all parts for all vehicles and deals only in OE and premium quality brands .

The company products include brakes, bearings, clutches, cooling systems, engine components, suspension, power steering, oil and lubricants, filters, and much more. JMA has a long-standing relationship with major national and international auto component manufacturers . The renowned clientele of JMA includes Brake India, Gabriel India, Mahle Filters, Rane Brake Lining, Rane Madras Limited, Rane TRW Steering, Rane Engineering Valve, Sundaram Fasteners, Webco India, Bimetal Bearings, and some international players such as Contitech India Pvt. Limited, Carcrew Technology, and Schaeffler India.

JMA has a pan India presence with seven regional offices, 59 branches spread across the country. The Company has one material subsidiary - JMA Marketing Limited and two associate companies - Jullundur Auto Sales Corporation Limited and ACL Components Limited.

Jullundur Motor Agency Buyback Detail

Issue PeriodJan 25, 2021 - Feb 8, 2021
Security NameJullundur Motor Agency (Delhi) Limited
Issue TypeTender Offer
Issue Size (Shares)0.75 Crores
Issue Size (Amount)₹26.82 Crores
Buyback Price₹36 per share
Face Value₹2 per share
Listing AtNSE

Jullundur Motor Agency Buyback Issue Timetable

Offer Opens OnJan 25, 2021
Offer Closes OnFeb 8, 2021
Record DateDec 24, 2020
Last Date for receipt of Tender FormsFeb 10, 2021
Finalisation of Buyback AcceptanceFeb 15, 2021
Last Date for settlment of bidsFeb 16, 2021
Last Date for Extinguishment of SharesFeb 23, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 386 Equity Shares out of every 945 Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 3,095.67 3,322.27 3,260.04
Profit After Tax 127.04 134.41 119.90
Net Worth 1,576.10 1,455.59 1,380.40

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2020 33.25 25.7 29.65
Oct-2020 30.5 24.2 27.14
Sep-2020 32.8 24.4 27.79

Necessity of the Issue

The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

Jullundur Motor Agency Buyback Documents

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Company Contact Information

Jullundur Motor Agency (Delhi) Limited
458-1/16, Sohna Road,
Opp. New Court, Gurugram -122001


Phone: +91-124-3019210/211
Email: jmaadmincs@jmaindia.com
Website: https://jmaindia.com/

Jullundur Motor Agency Buyback Registrar

  1. MAS Services Limited
       T - 34, 2nd Floor
       Okhla Industrial Area, Phase - II
       New Delhi - 110 020

    Phone: (011) 2610 4142
    Email: investor@masserv.com
    Website: http://www.masserv.com

Jullundur Motor Agency Buyback Manager

Lead Manager(s)

  1. Systematix Corporate Services Limited

Registered Broker

  1. Systematix Shares and Stocks (India) Limited
    Email: compliance@systematixgroup.in

Find Jullundur Motor Agency Buyback Latest Update

Jullundur Motor Agency Buyback FAQs

The Jullundur Motor Agency Buyback opens on Jan 25, 2021, and closes on Feb 8, 2021.

The Jullundur Motor Agency Buyback is a Tender Offer.

Jullundur Motor Agency Buyback Schedule

Buyback Opening DateJan 25, 2021
Buyback Closing DateFeb 8, 2021
Last Date for receipt of Tender FormsFeb 10, 2021
Finalisation of Buyback AcceptanceFeb 15, 2021
Last Date for settlment of bidsFeb 16, 2021
Last Date for Extinguishment of SharesFeb 23, 2021

The Jullundur Motor Agency Buyback is being offered at Rs ₹36 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 386 Equity Shares out of every 945 Equity Shares held on the Record Date.

The record date for the Jullundur Motor Agency Buyback is Dec 24, 2020.

The issue size of Jullundur Motor Agency Buyback is of 0.75 Crores equity shares at ₹36 per share aggregating upto ₹26.82 Crores.

The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Jullundur Motor Agency Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


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