Jullundur Motor Agency (Delhi) Limited is a distributor of spare parts across India. The company deals in automobile parts and accessories primarily in India. It has approximately 80 branches, over seven regional offices and caters to approximately 75,000 dealers covering various vehicles. It has two other group companies, Jullundur Auto Sales Corporation Ltd and JMA Marketing Limited.
Jullundur Motor Agency (Delhi) Ltd is coming up with buyback worth ₹26.82 Cr. The size of the buyback is 74.50 Lakh shares which represent 17.02% of the total paid-up capital. The buyback price is set to ₹36 per share. Jullundur Motor Agency buyback record date is 24th December 2020.
Below is the complete details about Jullundur Motor Agency (Delhi) Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 26.82 Cr |
| Buyback Number of Shares: | 74.50 Lakh |
| Buyback Price: | Rs 36 |
| Buyback Offer Size (In %): | 17.02% |
| Total Share Capital: | 100.04 Cr |
| Face Value: | 2 Per Equity Share |
| Buyback Offer Size (In %): | 17.02% |
Can I Invest today to participate in Jullundur Motor Agency (Delhi) Limited buyback offer? No
In this section we have covered all important dates related to Jullundur Motor Agency (Delhi) Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 4th Nov 2020 |
| Buyback Approval date | 4th Nov 2020 |
| Public Announcement of Buyback | 15th Dec 2020 |
| Record Date | 24th Dec 2020 |
| Buyback opens on/Buyback Opening Date | Not Yet Announced |
| Buyback closes on/Buyback Closing Date | Not Yet Announced |
| Cut-off date to receive completed tender forms by Registrar | Not Yet Announced |
| Cut-off date for verification by the Registrar | Not Yet Announced |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar | Not Yet Announced |
| Last date of settlement of bids on the stock exchange | Not Yet Announced |
| Last date to return unaccepted shares by Registrar | Not Yet Announced |
| Last date of extinguishment of Equity Shares | Not Yet Announced |
Stock Holding table gives a clear picture on retail investor holdings of Jullundur Motor Agency (Delhi) Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0% |
| Promoter-Indian | 38.9% |
| Non-Promoter-Institutions | 0% |
| Non-Promoter-Non-Institutions | 0% |
Jullundur Motor Agency (Delhi) Limited Public Announcement >>Document
Jullundur Motor Agency (Delhi) Limited Draft Letter of Offer >>Document
Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Garware Technical Fibres Limited | Tender Offer | 72.99 Cr | 2300 | 2202.50 (-0.59%) | 11-12-2020 | TBD | TBD | Jullundur Motor Agency (Delhi) Limited | Tender Offer | Rs 26.82 Cr | 36 | 34.35 (2.38%) | 24-12-2020 | TBD | TBD | Engineers India Limited | Tender Offer | 586.90 Cr | 84 | 79.80 (0.00%) | 01-01-2021 | TBD | TBD | Industrial & Prudential Investment Co. Ltd | Tender Offer | Rs 8.34 Cr | 1,200 | 1128.35 (2.03%) | 01-01-2021 | TBD | TBD | Indian Toners and Developers Limited | Tender Offer | 36.98 Cr | 160 | 138.85 (-4.93%) | 15-01-2021 | TBD | TBD | NIIT Limited | Tender Offer | Rs 237 Cr | 240 | 202.35 (-0.54%) | TBD | TBD | TBD |
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Detail Article on Benefit from buyback offer >> Read
Jullundur Motor Agency (Delhi) Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Jullundur Motor Agency (Delhi) Limited? How can I apply in Jullundur Motor Agency (Delhi) Limited Buyback offer?
Last Updated on 2020-12-27T23:32:50+00:00
The Record Date for Jullundur Motor Agency (Delhi) Limited Buyback offer is 24th Dec 2020
Which means you should hold the Jullundur Motor Agency (Delhi) Limited share in your demat account by closing session of 24th Dec 2020. Share purchased on and before (24th Dec 2020) - 2 business days will be available in your demat account by 24th Dec 2020.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Jullundur Motor Agency (Delhi) Limited shares at ₹33 and buyback offer price is ₹36, you can get ₹3 per accepted share. If you hold 6061 shares of Jullundur Motor Agency (Delhi) Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 2000 to 3030 shares with the gain from buyback of ₹6000 to ₹9090.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 2000 | ₹6000 |
| 50% | 3030 | ₹9090 |
| 75% | 4546 | ₹13638 |
| 100% | 6061 | ₹18183 |
Steps to participate in Jullundur Motor Agency (Delhi) Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Jullundur Motor Agency (Delhi) Limited: Not Yet Announced
Buyback closing date for Jullundur Motor Agency (Delhi) Limited: Not Yet Announced
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before Not Yet Announced.
Buyback opening date for Jullundur Motor Agency (Delhi) Limited: Not Yet Announced
Buyback closing date for Jullundur Motor Agency (Delhi) Limited: Not Yet Announced
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by Not Yet Announced.
