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

Jan 25, 2021 - Feb 8, 2021

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.

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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 Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Nov-2020
Oct-2020
Sep-2020

NSE

Month High Price Low Price Average Price
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

Jullundur Motor Agency Buyback FAQs

  1. When is Jullundur Motor Agency Buyback offer coming?

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

  2. Which type of buyback is Jullundur Motor Agency Buyback offer?

    The Jullundur Motor Agency Buyback is a Tender Offer.

  3. What is the schedule of activities for Jullundur Motor Agency Buyback?

    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
  4. What is the offer price for Jullundur Motor Agency Buyback offer?

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

  5. In what ratio is the Jullundur Motor Agency Buyback offered?

    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.
  6. What is the record date for Jullundur Motor Agency Buyback offer?

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

  7. What is the issue size of Jullundur Motor Agency Buyback?

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

  8. What is the necessity for Jullundur Motor Agency Buyback?

    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


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