July 4, 2024 - July 10, 2024

Godawari Power & Ispat Limited Buyback (Godawari Power and Ispat Buyback 2024) Detail

Founded in 1999, Godawari Power & Ispat Ltd (GPIL) is a pioneering company belonging to the HIRA Group of Industries. The company was established to set up an integrated steel plant with captive power generation.

GPIL is the flagship company of the Raipur-based Hira Group of Industries. The company has a dominant presence in the long products segment of the steel industry, especially in mild steel wire. GPIL is an end-to-end manufacturer of mild steel wire.

Godawari Power and Ispat Buyback 2024 Detail

Issue Period	July 4, 2024 - July 10, 2024
Security Name	Godawari Power & Ispat Limited
Issue Type	Tender Offer
Issue Size (Shares)	2,150,000 (1.64 % of Total number of equity Shares)
Issue Size (Amount)	₹30.10 Crores
Buyback Price	₹1400 per share
Face Value	₹5 per share
Listing At	BSE, NSE

Godawari Power and Ispat Buyback 2024 Issue Timetable

Last Date to buy shares	June 27, 2024
Record Date	June 28, 2024
Offer Opens On	July 4, 2024
Last Date for receipt of Tender Forms	July 10, 2024
Offer Closes On *	July 10, 2024
Finalisation of Buyback Acceptance	July 16, 2024
Last Date for settlment of bids	July 18, 2024
Last Date for Extinguishment of Shares	July 29, 2024

* Last Date to Tender shares on Zerodha : July 9, 2024

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	5 Equity Shares out of every 56 Fully paid-up Equity Shares held on the Record Date.	322,500.00
General Category for all other Eligible Shareholders	11 Equity Shares out of every 729 Fully paid-up Equity Shares held on the Record Date.	1,827,500.00

Company Financials

Godawari Power & Ispat Limited Financial Information (Restated Consolidated)

Godawari Power & Ispat Limited's revenue decreased by -4.63% and profit after tax (PAT) rose by 14.94% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue	51.32	53.81	50.93
Profit After Tax	9.17	7.98	13.51
Net Worth	43.20	37.62	30.94
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2024	1,179.95	887.10	1,012.73
May-2024	979.40	859.30	912.72
Apr-2024	914.70	730.05	823.30

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2024	1,174.50	886.10	1,011.92
May-2024	978.50	860.00	912.45
Apr-2024	915.00	730.05	823.01

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
The buyback will help the company to optimize its capital structure.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
The buyback may help in improving financial ratios like earnings per share, return on capital employed, and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Godawari Power and Ispat Buyback 2024 Documents

Letter of Offer

Godawari Power and Ispat Buyback 2024 Rating

3.5

Rating:

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Godawari Power and Ispat Buyback 2024 Reviews

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Company Contact Information

Godawari Power & Ispat Limited
428/2, Phase-I,
Industrial Area,
Siltara – 493111 Dist. Raipur

Phone: +91 771 4082333 / 40
Email: contact@gpil.in
Website: http://www.godawaripowerispat.com

Godawari Power and Ispat Buyback 2024 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: godawari.buyback2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Godawari Power and Ispat Buyback 2024 Manager

Lead Manager(s)

Mark Corporate Advisors Private Limited

Registered Broker

Ventura Securities Limited
Email: nilesh@ventura1.com

Find Godawari Power and Ispat Buyback 2024 Latest Update

Godawari Power and Ispat Buyback 2024 FAQs

The Godawari Power and Ispat Buyback 2024 opens on July 4, 2024, and closes on July 10, 2024.

Last date to be eligible to participate in buyback is June 27, 2024.

The Godawari Power and Ispat Buyback 2024 is a Tender Offer.

Godawari Power and Ispat Buyback 2024 Schedule

Buyback Opening Date	July 4, 2024
Buyback Closing Date	July 10, 2024
Last Date for receipt of Tender Forms	July 10, 2024
Finalisation of Buyback Acceptance	July 16, 2024
Last Date for settlment of bids	July 18, 2024
Last Date for Extinguishment of Shares	July 29, 2024

The Godawari Power and Ispat Buyback 2024 is being offered at Rs ₹1400 per share per equity share.

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	5 Equity Shares out of every 56 Fully paid-up Equity Shares held on the Record Date.	322,500.00
General Category for all other Eligible Shareholders	11 Equity Shares out of every 729 Fully paid-up Equity Shares held on the Record Date.	1,827,500.00

The record date for the Godawari Power and Ispat Buyback 2024 is June 28, 2024.

The issue size of Godawari Power and Ispat Buyback 2024 is of 2,150,000 equity shares at ₹1400 per share aggregating upto ₹30.10 Crores.

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
The buyback will help the company to optimize its capital structure.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
The buyback may help in improving financial ratios like earnings per share, return on capital employed, and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Letter of Offer

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 Godawari Power and Ispat Buyback 2024 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.

24 Comments

24. Suresh Sata Link|July 31, 2024 12:48:26 PM

Please guide as till the date I have not received buyback amount of shares in my account.please advise where to complain there of.

24.1. mahendra Link|August 7, 2024 12:08:39 PM

I have not received buyback amount in my bank account till date .pls guide where to contact for follow up.

23. Mahendra Link|July 22, 2024 8:52:35 PM

I have not received amount against my accepted 02 share?
Kya buyback ka amount aa chuka hai ??

23.1. RoK Link|July 22, 2024 9:32:37 PM

Got it today.

23.2. Suresh Sata Link|July 29, 2024 1:09:10 PM

Till the date I have not received by buck amount in my account.

22. MODSAK Link|July 15, 2024 9:24:25 PM

Single shares accepted - 3/3 :)

22.1. Mahendra Link|July 22, 2024 9:12:30 PM

Paise credit ho gaye kya account me ??

21. RoK Link|July 2, 2024 4:20:58 PM

Retail ER: 8.93% or 5 out of every 56 shares

Load more comments (17 replies)

21.1. Jasmin RABADIYA Link|July 2, 2024 10:49:04 PM

I got mail i have 78 share and only 6 shares are accepted what should I do I already sold 16 shre and hold 18 share if I tender 18 how many share approximately accepted?

21.2. RoK Link|July 3, 2024 10:25:32 PM

Since your entitlement is 6 shares, they will definitely accept 6 shares. The additional shares that will be accepted depends on acceptance ratio (AR). Also it is on proportionate basis, that is, the more you tender more will be accepted.
If AR=18% and if you tender 78 shares then 7 more will be accepted. If you tender 18 then only 1 more will be accepted.

21.3. Jasmin RABADIYA Link|July 3, 2024 10:44:48 PM

I already sold 60 share i said that I have 18 share and if AR=15% THEN IT WILL ACCEPT 15% OF 78 SHARE wich will be 11.7 so they ACCEPT 12 share am I right???

21.4. RoK Link|July 4, 2024 1:04:31 AM

For AR =15% it will be 6 + 0

That 78 shares matters only for calculating your entitlement. 78 × 8.93% = 6 shares.

Now you are tendering only 18 shares, so they will accept the above mentioned 6 shares (entitled shares) + some% of the additional shares that you are going to tender.

additional shares = 18 - 6 = 12

So 6 + some% of 12

this some% is not AR or ER

21.5. Jasmin RABADIYA Link|July 4, 2024 6:26:34 AM

Thank you for information

21.6. Jasmin RABADIYA Link|July 15, 2024 4:37:40 PM

My 8 shares are accepted from 78 share why some people say ar is 25%

21.7. Basuvr Link|July 15, 2024 8:19:57 PM

@Jasmine : Did you got acceptance mail today?
If yes, how many shares did you hold in your account on record date ?

21.8. Jasmin RABADIYA Link|July 15, 2024 8:47:26 PM

I held 78 share on record date..

21.9. RoK Link|July 15, 2024 10:23:38 PM

@Jasmin, you mentioned earlier that you tendered only 18 shares. AR = shares accepted ÷ shares tendered = 8 ÷ 18 = 44.44%

21.10. Jasmin RABADIYA Link|July 15, 2024 10:45:25 PM

@Rok, Rok bro may be Ar ratio calculated by share hold on demat account on record date so I have 78 share on record date so if I see this way then 8÷78=10.25 shares accepted and if you said ar calculated on tendered share them If I tender 78 share then my 35 share accept?

21.11. RoK

1| Link|July 15, 2024 11:37:49 PM

All those who say thatllp AR is around 25% must have tendered all the shares that they had on record date. Your case is different.

An example
ER = 8.93%
AR = 25%
Total shares accepted = Entitled shares + additional shares accepted.

Case A
18 as on record date, tendered 18
Shares accepted = 1 + 3 = 4, AR = 22.22%

Case B
78 as on record date, tendered 18
Shares accepted = 6 + 2 = 8, AR = 44.44%

Case C
78 as on record date, tendered 78
Shares accepted = 6 + 12 = 18, AR = 23.07%

21.12. Jasmin RABADIYA Link|July 16, 2024 6:58:06 AM

Thank you very much for increasing my knowledge can you please explain me case c how additional 12 shares are accepted.

21.13. RoK Link|July 16, 2024 5:30:52 PM

@Jasmin
There is a ratio at which additional shares are accepted.
This ratio r = shortfall of shares ÷ total additional shares tendered by all.
It looks like r comes around 17.65%

Case A
1 + (18 - 1) × 17.65% = 1 + 3

Case B
6 + (18 - 6) × 17.65% = 6 + 2

Case C
6 + (78 - 6) × 17.65% = 6 + 12

21.14. Jasmin RABADIYA Link|July 16, 2024 5:36:26 PM

I DON'T UNDERSTAND ANYTHING WHAT IS R AND WHAT IS MEANING OF SHORTFALL OF SHARES.. KINDLY DISCREBE ME IN DEEP

21.15. ValueSeeker Link|July 16, 2024 6:24:54 PM

@RoK bhai
I think it should be Case C.

I had 100 shares, and eligible qty was 9 shares. I tendered all 100, and just got message that Rs 32,200 got credited, meaning 23 shares accepted, which is a decent acceptance. Much more than I expected.

According to 17.65%, the qty accepted should have been 25 though.

21.16. Jasmin RABADIYA Link|July 16, 2024 7:24:16 PM

@valueseeker

Your 23 share means ar ration is 23 % and how many share entitlement you got before buyback please share with me for further buyback help..

21.17. RoK Link|July 16, 2024 7:37:52 PM

@ValueSeeker bhai, 17.65% is just an approximate value calculated, assuming that the AR as 25%. I don't know the actual value.

21.18. RoK Link|July 16, 2024 8:35:10 PM

@Jasmin

I used r just like AR or ER, a name to refer the ratio.

shortfall of shares = buyback size - total entitled share tendered

Eg. If buyback Size is 100000 shares and the company receives only 60000 entitled shares then the shortfall = 100000 - 60000 = 40000 shares. These 40000 shares will be brought from those who tender additional shares.

If the total additional shares tendered is 200000 then r = 40000÷200000

21.19. ValueSeeker Link|July 17, 2024 10:46:48 AM

@Jasmin RABADIYA bhai,
I already mentioned, share entitlement was of 9 shares out of the 100 I owned.
So, 14 more accepted out of 91 additional tendered, which is approx 15.4%

20. saboo v Link|July 16, 2024 3:58:54 PM

when will the unaccepted share be available for trading?

Load more comments (3 replies)

20.4. Jasmin RABADIYA Link|July 16, 2024 8:37:33 PM

Rok bro I talk to angel one they said I can sell them on 29 july

20.5. RoK Link|July 16, 2024 8:53:42 PM

Ok 👍

19. Vivek Makwana Link|July 16, 2024 9:27:29 AM

How do i check that i my 1 share applied for buyback is accepted? And when the amount will to reflected in my bank account?
Please answer

19.1. Parth Joshi Link|July 16, 2024 3:20:15 PM

Amount will be reflected by today or by tomorrow morning.

18. Gopi Myneni Link|July 15, 2024 10:18:47 PM

GPIL Acceptance Ratio is ~23.68%. Received acceptance mail. Out of 300 shares tendered in 3 accounts, 71 got accepted.

18.1. Jasmin RABADIYA Link|July 15, 2024 10:41:31 PM

My 8 shares are only accepted from 18 share what type of mail you received i don't recived any mail

17. KRUNAL SHAH Link|July 15, 2024 12:54:27 PM

AR 25% HO GAYA. MSG AAYA MUJE ABHI

16. Nilay Link|July 15, 2024 9:49:25 AM

AR will be 30 to 33%. This is as per calculation of past BB.
Any other guess

15. Jasmin RABADIYA Link|July 9, 2024 4:58:45 PM

WHEN THE AR RATIO WILL BE DECLARED...

15.1. Vimal Garodia Link|July 9, 2024 9:45:55 PM

Finalisation of Buyback Acceptance is on 16th so on or around that day..

14. MURTHY RAJAHMUNDRY Link|July 4, 2024 11:17:04 AM

Any body pls guide me where we can tender buy back shares of Godavari Ispat in Zerodha kite app. No option available in console section.

Load more comments (1 replies)

14.2. Vimal Garodia Link|July 4, 2024 5:43:10 PM

I do not have zerodha, but, a basic search on the net got me this link..

https://support.zerodha.com/category/trading-and-markets/corporate-actions/buyback/articles/how-do-i-apply-for-buy-back

Try searching, it helps..

14.3. MURTHY RAJAHMUNDRY

1| Link|July 6, 2024 11:13:02 AM

@Curio & @Vimal Garodi , thank you for your reply Sir.
Finally I checked and applied Sir.

13. Curio Link|July 2, 2024 2:33:58 PM

I have got a mail for the buyback of Godawari Power stating two things:
1. Number of equity shares held by you on the record date = 1, I bought 1 for 1 share strategy, which is impliedly understood😅
2. Entitlement for Buy back offer in terms of number of equity shares = 0, I don't understand the second.

I request all the senior members if anyone can shed some light on it..

Load more comments (1 replies)

13.2. Vimal Garodia Link|July 3, 2024 12:12:55 PM

Curio, akki, do not worry..
Even though entitlement is zero you can tender that one share, no issues. I have done it few times..😊😊

13.3. Curio Link|July 4, 2024 3:23:09 PM

Ohk, noted that. Thank you sir.

12. VIRAL Link|July 4, 2024 8:49:57 AM

Something is wrong in buyback details. Chittorgarh please check.

11. kumar K Link|July 3, 2024 12:23:22 PM

Very poor buy back

10. Jasmin RABADIYA Link|June 30, 2024 11:11:54 AM

If I sell this stock on record date then I am eligible for buyback or not?

Load more comments (5 replies)

10.6. Jasmin RABADIYA Link|July 2, 2024 10:51:31 PM

@vimal garodia I got mail that out of 78 share 6 share will be accepted what should I do I have 18 share if I tender that approximately how many share will be accepted??

10.7. Vimal Garodia Link|July 3, 2024 7:16:29 AM

If you tender 18 then 6 will be definitely accepted because that is what you are entitled..
And may be one more might get accepted

This is my understanding..

9. Ashish Kothari Link|July 2, 2024 8:44:06 PM

Is there any link or portal on BSE/NSE to see the number of shares tendered for each particular day. Similarly how we see the number of applications for IPO

8. Sharksshark Link|July 2, 2024 3:46:01 PM

I have got a mail saying I have 1 share but entitlement for buyback is 0. What does this means since I have bought share before 28 june itself??

8.1. Vimal Garodia

1| Link|July 2, 2024 4:41:21 PM

You can tender that one share anyway, i have done it few times, no problem..

7. Vimal Garodia Link|July 2, 2024 12:28:46 PM

Tentative dates..

Buyback opens on 4th July
Closes on 10th July

7.1. Amit Agrawal

1| Link|July 2, 2024 2:38:19 PM

Dates confirmed sir july 4 to 10

6. Irfan Link|June 20, 2024 10:30:42 AM

Size is 301 Cr not 30.1 cr, please update

6.1. Basuvr Link|June 20, 2024 12:37:48 PM

Yes size is 301 Cr and buyback shares are 21,50,000

6.2. manu Link|June 28, 2024 1:24:37 AM

i cant see any message in my angel one application

5. Tanmay Link|June 25, 2024 1:30:56 PM

How much is reserved for the retail category out of 21,50,000 shares that are being bought back ?

5.1. RoK Link|June 26, 2024 10:38:57 AM

3,22,500

5.2. Vimal Garodia Link|June 26, 2024 12:34:51 PM

I think 15% or 3,22,500 as said by RoK..

Godawari Power & Ispat Limited Buyback (Godawari Power and Ispat Buyback 2024) Detail

Godawari Power and Ispat Buyback 2024 Detail

Godawari Power and Ispat Buyback 2024 Issue Timetable

Buyback Ratio

Company Financials

Godawari Power & Ispat Limited Financial Information (Restated Consolidated)

Stock price at BSE (in preceding 3 months)

Stock price at NSE (in preceding 3 months)

Necessity of the Issue

Godawari Power and Ispat Buyback 2024 Documents

Godawari Power and Ispat Buyback 2024 Rating

Godawari Power and Ispat Buyback 2024 Reviews

Company Contact Information

Godawari Power and Ispat Buyback 2024 Registrar

Godawari Power and Ispat Buyback 2024 Manager

Find Godawari Power and Ispat Buyback 2024 Latest Update

Godawari Power and Ispat Buyback 2024 FAQs

When is Godawari Power and Ispat Buyback 2024 offer coming?

Which is the last day to buy Godawari Power and Ispat Buyback 2024 for buyback?

Which type of buyback is Godawari Power and Ispat Buyback 2024 offer?

What is the schedule of activities for Godawari Power and Ispat Buyback 2024?

What is the offer price for Godawari Power and Ispat Buyback 2024 offer?

In what ratio is the Godawari Power and Ispat Buyback 2024 offered?

What is the record date for Godawari Power and Ispat Buyback 2024 offer?

What is the issue size of Godawari Power and Ispat Buyback 2024?

What is the necessity for Godawari Power and Ispat Buyback 2024?

Where can I get the Letter of Offer for Godawari Power and Ispat Buyback 2024?

How to participate in Godawari Power and Ispat Buyback 2024?

Is Godawari Power and Ispat Buyback 2024 good or bad?

24 Comments

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