Jullundur Motor Buyback will open for subscription on 25 January 2021. the company aims for an issue size of ₹26.82 Crores through this Buyback.
Jullundur Motor Agency (Delhi) Limited
Incorporated in 1949, Jullundur Motor Agency (Delhi) Limited (JMA) is India’s one of the oldest and largest auto component distribution companies. 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.
Objectives of the Issue
- Return surplus cash to its equity shareholders that are over and above its ordinary capital requirements and in excess of any current investment plans.
- 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 Issue Timetable
| Offer Opens On | Jan 25, 2021 |
| Offer Closes On | Feb 8, 2021 |
| Record Date | Dec 24, 2020 |
| Last Date for receipt of Tender Forms | Feb 10, 2021 |
| Finalization of Buyback Acceptance | Feb 15, 2021 |
| Last Date for settlement of bids | Feb 16, 2021 |
| Last Date for Extinguishment of Shares | Feb 23, 2021 |
ullundur Motor Agency Buyback Detail
| Security Name | Jullundur Motor Agency (Delhi) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.75 Crores |
| Issue Size (Amount) | ₹26.82 Crores |
| Buyback Price | ₹36 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
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. |
Jullundur Motor Agency Buyback Registrar
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
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/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing