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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 (Rs.in 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
Email: compliance.officer@shrirampistons.com
Website: http://www.shrirampistons.com/

Shriram Pistons & Rings Buyback Registrar

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

    Phone: (011) 4254 1234
    Email: sprlbuyback@alankit.com
    Website: https://www.alankit.com/

Shriram Pistons & Rings Buyback Manager

Lead Manager(s)

  1. Edelweiss Financial Services Ltd

Registered Broker

  1. Edelweiss Securities Limited
    Email: instops@edelweissfin.com

Find Shriram Pistons & Rings Buyback Latest Update

Shriram Pistons & Rings Buyback FAQs

The Shriram Pistons & Rings Buyback opens on Sep 17, 2021, and closes on Sep 30, 2021.

The Shriram Pistons & Rings Buyback is a Tender Offer.

Shriram Pistons & Rings Buyback Schedule

Buyback Opening DateSep 17, 2021
Buyback Closing DateSep 30, 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

The Shriram Pistons & Rings Buyback is being offered at Rs ₹1020 per share per equity share.

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.

The record date for the Shriram Pistons & Rings Buyback is Aug 12, 2021.

The issue size of Shriram Pistons & Rings Buyback is of 0.04 Crores equity shares at ₹1020 per share aggregating upto ₹35.70 Crores.

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.

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 Shriram Pistons & Rings 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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