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Incorporated in 1949, Jullundur Motor Agency (Delhi) Limited (JMA) is India's one of the oldest and largest auto component distribution company . 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.
| Issue Period | January 25, 2021 - February 8, 2021 |
| Security Name | Jullundur Motor Agency (Delhi) Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 7,450,000 |
| Issue Size (Amount) | ₹26.82 Crores |
| Buyback Price | ₹36 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
| Record Date | December 24, 2020 |
| Offer Opens On | January 25, 2021 |
| Last Date for receipt of Tender Forms | February 10, 2021 |
| Offer Closes On * | February 8, 2021 |
| Finalisation of Buyback Acceptance | February 15, 2021 |
| Last Date for settlment of bids | February 16, 2021 |
| Last Date for Extinguishment of Shares | February 23, 2021 |
| 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. |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 3,095.67 | 3,322.27 | 3,260.04 |
| Profit After Tax | 127.04 | 134.41 | 119.90 |
| Net Worth | 1,576.10 | 1,455.59 | 1,380.40 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2020 | 33.25 | 25.70 | 29.65 |
| Oct-2020 | 30.50 | 24.20 | 27.14 |
| Sep-2020 | 32.80 | 24.40 | 27.79 |
The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company
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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/
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: https://www.masserv.com/opt.asp
Lead Manager(s)
Registered Broker
The Jullundur Motor Agency Buyback opens on January 25, 2021, and closes on February 8, 2021.
The Jullundur Motor Agency Buyback last day to buy is not available as of now.
The Jullundur Motor Agency Buyback is a Tender Offer.
Jullundur Motor Agency Buyback Schedule
| Buyback Opening Date | January 25, 2021 |
| Buyback Closing Date | February 8, 2021 |
| Last Date for receipt of Tender Forms | February 10, 2021 |
| Finalisation of Buyback Acceptance | February 15, 2021 |
| Last Date for settlment of bids | February 16, 2021 |
| Last Date for Extinguishment of Shares | February 23, 2021 |
The Jullundur Motor Agency Buyback is being offered at Rs ₹36 per share per equity share.
| 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. |
The record date for the Jullundur Motor Agency Buyback is December 24, 2020.
The issue size of Jullundur Motor Agency Buyback is of 7,450,000 equity shares at ₹36 per share aggregating upto ₹26.82 Crores.
The Buyback is undertaken by the Company to:
i) Return surplus cash to its equity shareholders that are
over and above its ordinary capital requirements and in excess of any current investment plans.
ii) Improve financial ratios like earnings per share (EPS) and return on equity (ROE) by reducing the equity base of the Company
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 Jullundur Motor Agency 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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