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Zerodha (Trading Account)
FREE Equity Delivery and MF
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Incorporated in 2006, Nashik-based SM Auto Stamping Ltd (SMASL) manufactures precision sheet metal stamping and deep-drawn components such as welded assemblies & press tools. The company focuses on customer needs and provides a direct solution in the automobile & engineering sector.
It specializes in dealing with complex sheet metal pressed design, components, welding fixtures, high-quality stamping dies, welded assemblies for vehicles, high tonnage stamped components, and welding fixtures. The SMASL supplies products to TS 16949-certified clients.
It has three manufacturing units located in Nashik (Maharashtra), Mumbai, and Pune, producing 6 million components per year. Currently, it has 350 direct and indirect employees.
Some of the components of the company are automotive clutches, automotive propeller shaft drives, automotive brake systems, and automotive body trims.
Competitive Strengths
1. High-quality production standards
2. Wide range of Sheet Metal components
3. Long-term working relationship with customers
| Issue Period | December 29, 2023 - January 4, 2024 |
| Security Name | SM Auto Stamping Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 600,000 (4.2 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹3.60 Crores |
| Buyback Price | ₹60 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Last Date to buy shares | December 21, 2023 |
| Record Date | December 22, 2023 |
| Offer Opens On | December 29, 2023 |
| Last Date for receipt of Tender Forms | January 4, 2024 |
| Offer Closes On * | January 4, 2024 |
| Finalisation of Buyback Acceptance | January 10, 2024 |
| Last Date for settlment of bids | January 11, 2024 |
| Last Date for Extinguishment of Shares | January 22, 2024 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date. | 90,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 510,000.00 |
SM Auto Stamping Limited's revenue increased by 26.65% and profit after tax (PAT) dropped by -12.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ||||
| Revenue | 36.85 | 70.15 | 55.39 | 39.61 |
| Profit After Tax | 1.50 | 3.32 | 3.79 | -1.65 |
| Net Worth | 21.11 | 19.61 | 18.08 | 14.29 |
| Reserves and Surplus | 6.82 | 5.32 | 3.79 | 0.00 |
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2023 | 49.35 | 40.00 | 45.64 |
| Oct-2023 | 40.00 | 39.50 | 39.75 |
| Sep-2023 | 44.99 | 39.06 | 42.20 |
The Buyback is being undertaken, after taking into account the strategic and operational cash requirements of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner:
The buyback is undertaken for the following reasons
(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
(ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
(iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and
(iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
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SM Auto Stamping Limited
J-41,
MIDC Ambad
Nashik - 422010
Phone: +91 253 6621103
Email: acc@smautostamping.com
Website: https://www.smautostamping.com/index.html
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
Registered Broker
The SM Auto Stamping Buyback 2023 opens on December 29, 2023, and closes on January 4, 2024.
Last date to be eligible to participate in buyback is December 21, 2023.
The SM Auto Stamping Buyback 2023 is a Tender Offer.
SM Auto Stamping Buyback 2023 Schedule
| Buyback Opening Date | December 29, 2023 |
| Buyback Closing Date | January 4, 2024 |
| Last Date for receipt of Tender Forms | January 4, 2024 |
| Finalisation of Buyback Acceptance | January 10, 2024 |
| Last Date for settlment of bids | January 11, 2024 |
| Last Date for Extinguishment of Shares | January 22, 2024 |
The SM Auto Stamping Buyback 2023 is being offered at Rs ₹60 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date. | 90,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 27 Fully paid-up Equity Shares held on the Record Date. | 510,000.00 |
The record date for the SM Auto Stamping Buyback 2023 is December 22, 2023.
The issue size of SM Auto Stamping Buyback 2023 is of 600,000 equity shares at ₹60 per share aggregating upto ₹3.60 Crores.
The Buyback is being undertaken, after taking into account the strategic and operational cash requirements of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner:
The buyback is undertaken for the following reasons
(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders;
(ii) The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI Buyback Regulations, would involve the allocation of several Equity Shares as per their entitlement or 15% of the number of Equity Shares to be repurchased whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the SEBI Buyback Regulations;
(iii) The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value; and
(iv) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash instead of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
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 SM Auto Stamping Buyback 2023 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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