Jullundur Motor Buyback

Jullundur Motor Buyback

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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 OnJan 25, 2021
Offer Closes OnFeb 8, 2021
Record DateDec 24, 2020
Last Date for receipt of Tender FormsFeb 10, 2021
Finalization of Buyback AcceptanceFeb 15, 2021
Last Date for settlement of bidsFeb 16, 2021
Last Date for Extinguishment of SharesFeb 23, 2021

ullundur Motor Agency Buyback Detail

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

Buyback Ratio

CategoryEntitlement Ratio of Buyback
Reserved Category for Small Shareholders38 Equity Shares out of every 93 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders386 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

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