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Zerodha (Trading & Demat Account)
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Flat ₹20/trade Intra-day/F&O
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Founded in 1986, Sharda Motor Industries Limited (SMIL) is based in New Delhi, India. It specializes in the production, assembly, and distribution of automotive and white goods components to OEMs. SMIL is an ISO 9001-certified company with a wide range of products, including sheet metal components, exhaust systems, seat frames, fuel tanks, and other automotive components.
SMIL established an R&D centre in 2010 at Mahindra World City, 45 km from Chennai airport, to design, test, and validate exhaust systems for passenger vehicles, commercial vehicles, and non-automotive applications. In 2004, SMIL established a unit to supply Air Conditioner Cabinet assembly for Samsung India.
Sharda Motor is a manufacturer of a wide range of products that includes 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. The company takes pride in meeting the needs of its customers promptly and accurately while maintaining the highest quality standards. They offer all their employees equal opportunities for development, advancement, and growth. Sharda Motor has modern manufacturing facilities with a continuous focus on innovation, technology upgradation, research, and development to provide the best products and services to their customers.
| Issue Period | |
| Security Name | Sharda Motor Industries Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,027,777 |
| Issue Size (Amount) | ₹185.00 Crores |
| Buyback Price | ₹1800 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Period Ended | 31 Dec 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | |
| Amount in ₹ Crore | |||
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Sharda Motor Industries Ltd
D-188, Okhla Industrial Area,
Phase-I
New Delhi-110020
Phone: 011 4733 4100
Email: smil@shardamotor.com
Website: https://www.shardamotor.com/
Lead Manager(s)
The Sharda Motor Industries Buyback 2024 open and close dates are not available as of now.
The Sharda Motor Industries Buyback 2024 last day to buy is not available as of now.
The Sharda Motor Industries Buyback 2024 is a Tender Offer.
Sorry the Sharda Motor Industries Buyback 2024 timelines are not available at this time.
The Sharda Motor Industries Buyback 2024 is being offered at Rs ₹1800 per share per equity share.
The Sharda Motor Industries Buyback 2024 record date is not yet declared.
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.
The necessity for Sharda Motor Industries Buyback 2024 is not yet declared.
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 Sharda Motor Industries Buyback 2024 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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