| Company Structure |
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India Nippon Electricals Ltd was incorporated in the year 1984 and became joint venture between Lucas Indian Service Ltd, Chennai (Tamilnadu, India) and Kokusan Denki Co. Ltd, Japan for the purpose of manufacture and sale of products mainly for the two and three wheeler industry. |
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In the year 1986 the company made its initial public offer of equity with a shareholding pattern as below: |
| |
No. of Shares |
Rs.Lacs |
Lucas Indian Service Ltd |
4,00,000 |
40.00 |
Kokusan Denki Co. Ltd |
2,50,000 |
25.00 |
Balasubramanyam |
1,25,000 |
12.50 |
Harita |
50,000 |
5.00 |
Public |
4,95,000 |
49.50 |
Total |
13,20,000 |
132.00 |
The shares of the company were listed initially with Madras Stock Exchange (MSE). In order to help the general public to transact business, the company's shares were listed at National Stock Exchange (NSE) in the year 1997 and subsequently at Bombay Stock Exchange (BSE) in the year 1999. The facility of business transactions in the equity of the company still continues at all the three stock exchanges. |
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| Shares
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| 1) Issue of Bonus Shares:
|
The company issued Bonus Shares as below: |
Month & Year |
Basis |
November 1993 |
1 bonus equity share for 2 equity shares held |
March 1999 |
8 bonus equity shares for 5 equity shares held |
December 2002 |
7 bonus equity shares for 10 equity shares held |
September 2011 |
2 bonus equity shares for every 5 equity shares held |
The paid up share capital as of date is Rs.1131.07 lacs |
| 2) Buy-back of Shares:
|
The company bought back 3,95,600 Nos of equity shares in Jul'01 at Rs.230 per share. |
Evolution of Capital of India Nippon Electricals Limited
| |
Ratio |
No. of shares |
Face value Rs. |
| I.P.O. |
- |
13,20,000 |
1,32,00,000 |
| Bonus issue in March 1993 |
1:2 |
6,60,000 |
66,00,000 |
| Bonus issue in March 1999 |
8:5 |
31,68,000 |
3,16,80,000 |
| Buy-back in Jul 2001 |
395600 equity shares @ Rs.230 per share |
(3,95,600) |
(39,56,000) |
| Bonus issue in December 2002 |
7:10 |
33,26,680 |
3,32,66,800 |
| Bonus issue in September 2011 |
2:5
|
32,31,632 |
3,23,16,320
|
Total |
1,13,10,712 |
11,31,07,120 |
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