Sep 17, 2021 - Sep 30, 2021

Shriram Pistons & Rings Limited Buyback (Shriram Pistons & Rings Buyback) Detail

Shriram Pistons & Rings are engaged in the manufacturing and marketing of engine components such as pistons, piston pins, piston rings, engine valves, and crank pins, etc.. The company is also engaged in the marketing of other engine components such as cylinder liners, clutch plates, brake pads, filters, gaskets, lubricating oil, etc.. Shriram Pistons & Rings market its products worldwide.
The company has 2 plants in UP and 1 in Rajasthan. Assembly units of the Company are located at Gurugram, Pune, Hosur, Becharji (Gujarat), and Sahibabad.

Shriram Pistons & Rings Buyback Detail

Issue PeriodSep 17, 2021 - Sep 30, 2021
Security NameShriram Pistons & Rings Limited
Issue TypeTender Offer
Issue Size (Shares)0.04 Crores
Issue Size (Amount)₹35.70 Crores
Buyback Price₹1020 per share
Face Value₹10 per share
Listing AtNSE

Shriram Pistons & Rings Buyback Issue Timetable

Offer Opens OnSep 17, 2021
Offer Closes OnSep 30, 2021
Record DateAug 12, 2021
Last Date for receipt of Tender FormsOct 4, 2021
Finalisation of Buyback AcceptanceOct 7, 2021
Last Date for settlment of bidsOct 11, 2021
Last Date for Extinguishment of SharesOct 18, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 426 Equity Shares out of every 485 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 2 Equity Shares out of every 151 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended ( Million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 16,161.75 16,266.12 19,785.35
Profit After Tax 887.51 730.35 1,384.50
Net Worth 11,384.15 10,607.72 10,166.92
Reserves and Surplus 10,772.12 9,994.55 9,837.00

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 1113.75 878 953.26
Jun-2021 1048.8 746 852.27
May-2021 870.95 740.85 784.36

Necessity of the Issue

The Buyback aims to :
i) Return surplus cash to the shareholders, thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value.
ii) Improve Return on Equity, Earnings per share, enhance return on invested capital, and thereby enhance shareholder value in the long term.

Shriram Pistons & Rings Buyback Documents

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Company Contact Information

Shriram Pistons & Rings Limited
3 rd Floor, Himalaya House,
23, Kasturba Gandhi Marg,
New Delhi – 110001

Phone: +91 11 2331 5941

Shriram Pistons & Rings Buyback Registrar

  1. Alankit Assignments Ltd
       Alankit House 2E/21,
       Jhandewalan Extension,
       New Delhi - 110055

    Phone: (011) 4254 1234

Shriram Pistons & Rings Buyback Manager

Lead Manager(s)

  1. Edelweiss Financial Services Ltd

Registered Broker

  1. Edelweiss Securities Limited

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