Tender Offer | ₹32.69 Crores | Listed at BSE, NSE | Thu, Jul 27, 2023 - Wed, Aug 2, 2023
Goldiam International Ltd. Buyback is a tender offer for the repurchase of up to 0.22 crore equity shares at a buyback price of ₹150 per share with a face value of ₹2 per share, aggregating to ₹32.69 crores.
The record date for determining eligible shareholders is Jul 21, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jul 27, 2023 and closes on Aug 2, 2023, with the last date for receipt of tender forms being Aug 2, 2023.
The finalisation of buyback acceptance is expected on Aug 8, 2023, followed by settlement of bids on Aug 9, 2023.
Keynote Financial Services Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Keynote Capitals Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Goldiam International Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Jul 27, 2023
Offer Closing Date
Wed, Aug 2, 2023
Buyback Price
₹150 per share
Record Date
July 21, 2023
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares out of every 584 Fully paid-up Equity Shares held on the Record Date. | 326,924.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 264 Fully paid-up Equity Shares held on the Record Date. | 1,852,569.00 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 613.96 | 413.22 | 67.11 |
| 31-Mar-22 | 632.47 | 712.39 | 105.96 |
| Amount in ₹ Crore | |||
Incorporated in 1986, Goldiam International Limited is engaged in the manufacturing and exporting of Jewellery around the globe. It is a renowned global exporter of luxurious diamond jewelry globally. The company is an Original Equipment Manufacturers (OEM) of jewelry products and provides its products to global retailers. The company provides 360-degree services to its retail partners in the USA, Europe, and other countries and employs the latest technology and precision tooling, for producing its products. Some of the company products are Engagement Rings, Wedding bands, Bridal sets, Fashion JewelryEarrings + Pendants, etc.
Goldiam has its sales offices on the US east coast, Hong Kong, and Mumbai. The company also sells its products online.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 135.10 | 128.70 | 131.27 |
| May-2023 | 151.00 | 131.25 | 141.24 |
| Apr-2023 | 149.40 | 131.35 | 139.30 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 135.05 | 128.70 | 131.24 |
| May-2023 | 151.05 | 131.05 | 141.22 |
| Apr-2023 | 148.10 | 131.25 | 139.21 |
The Buyback is undertaken for the following reasons:
Goldiam International Ltd.
Gems & Jewellery Complex,
Santacruz Electronics Export Processing Zone,
Andheri (East), Mumbai‐400096
Andheri, Maharashtra, 400096
Lead Manager(s)
Registered Broker
The Goldiam International Buyback 2023 opens on July 27, 2023, and closes on August 2, 2023.
Last date to be eligible to participate in buyback is July 20, 2023.
The Goldiam International Buyback 2023 is a Tender Offer.
Goldiam International Buyback 2023 Schedule
| Buyback Opening Date | July 27, 2023 |
| Buyback Closing Date | August 2, 2023 |
| Last Date for receipt of Tender Forms | August 2, 2023 |
| Finalisation of Buyback Acceptance | August 8, 2023 |
| Last Date for settlment of bids | August 9, 2023 |
| Last Date for Extinguishment of Shares | August 22, 2023 |
The Goldiam International Buyback 2023 is being offered at Rs ₹150 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares out of every 584 Fully paid-up Equity Shares held on the Record Date. | 326,924.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 264 Fully paid-up Equity Shares held on the Record Date. | 1,852,569.00 |
The issue size of Goldiam International Buyback 2023 is 21,79,493 equity shares at ₹150 per share aggregating up to ₹32.69 Crores.
The Buyback is undertaken for the following reasons:
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 Goldiam International 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.
