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Nov 26, 2021 - Dec 9, 2021

Goldiam International Limited Buyback (Goldiam International Buyback) Detail

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.

Goldiam International Buyback Detail

Issue PeriodNov 26, 2021 - Dec 9, 2021
Security NameGoldiam International Limited
Issue TypeTender Offer
Issue Size (Shares)0.04 Crores
Issue Size (Amount)₹45.60 Crores
Buyback Price₹1200 per share
Face Value₹10 per share
Listing AtBSE, NSE

Goldiam International Buyback Issue Timetable

Offer Opens OnNov 26, 2021
Offer Closes OnDec 9, 2021
Record DateOct 27, 2021
Last Date for receipt of Tender FormsDec 9, 2021
Finalisation of Buyback AcceptanceDec 17, 2021
Last Date for settlment of bidsDec 20, 2021
Last Date for Extinguishment of SharesDec 27, 2021

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars For the year/period ended (Rs. in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,335.92 1,728.06 1,806.41
Profit After Tax 305.13 190.42 195.79

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1074 710.8 861.61
Aug-2021 790 584.3 690.16
Jul-2021 620 441 554.36

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2021 1075 712.9 861.47
Aug-2021 789 595 690.09
Jul-2021 617 441 554.57

Necessity of the Issue

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Goldiam International Buyback Documents

Goldiam International Buyback Rating

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Goldiam International Buyback Reviews

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Company Contact Information

Goldiam International Limited
Seepz,
Andheri (east),
Mumbai - 400 096, India.

Phone: + 91 22 28291893
Email: rashesh@goldiam.com
Website: http://www.goldiam.com/

Goldiam International Buyback Registrar

  1. 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: goldiam.buyback2021@linkintime.co.in
    Website: https://linkintime.co.in/

Goldiam International Buyback Manager

Find Goldiam International Buyback Latest Update

Goldiam International Buyback FAQs

The Goldiam International Buyback opens on Nov 26, 2021, and closes on Dec 9, 2021.

The Goldiam International Buyback is a Tender Offer.

Goldiam International Buyback Schedule

Buyback Opening DateNov 26, 2021
Buyback Closing DateDec 9, 2021
Last Date for receipt of Tender FormsDec 9, 2021
Finalisation of Buyback AcceptanceDec 17, 2021
Last Date for settlment of bidsDec 20, 2021
Last Date for Extinguishment of SharesDec 27, 2021

The Goldiam International Buyback is being offered at Rs ₹1200 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.

The record date for the Goldiam International Buyback is Oct 27, 2021.

The issue size of Goldiam International Buyback is of 0.04 Crores equity shares at ₹1200 per share aggregating upto ₹45.60 Crores.

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, 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 Goldiam International 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.


8 Comments

8. Shreyasagrawal  Nov 17, 2021 4:43:53 PM I Like It. | Report Abuse Reply
I sold the share on 26 oct , why i recived the mail of entitlement from goldiam company? can i eligible now or not?
8.1. KAMMA SIVA RAMA KRISHNA  Nov 17, 2021 6:24:29 PM I Like It. | Report Abuse
Sir,
Please refer to the reply dated 28/10 by Ou Ai to the query dated 27/10 of BSC. As per that reply, you are eligible. All the best.
8.2. Girish prasad Tiwari  Dec 1, 2021 9:23:39 PM I Like It. | Report Abuse
As per t+2 you are eligible for same
7. BSC  Oct 27, 2021 1:04:59 PM I Like It. | Report Abuse Reply
today 27th oct is record date...i held few shares till ex date 26 october. i sold all of them on record date(today). Am i eligible for buyback?
7.9. bsc  Nov 16, 2021 1:11:38 PM I Like It. | Report Abuse
i got the mail of entitlement....So, the concept cleared...if you sell on record date...you remain entitled
7.10. KAMMA SIVA RAMA KRISHNA  Nov 16, 2021 1:45:03 PM I Like It. 1 | Report Abuse
Having seen the upward trend in the share price on the Record Date, I have sold some shares to remain under the retail category thinking that they will be debited on that day itself ( In one case it was happened hence I thought in that way). But it is not so. The result is that I am not covered under retail category. You all know the consequences. Sometimes it happens. No problem. Thank you.
6. NITEENIPO  Nov 16, 2021 11:04:47 AM I Like It. | Report Abuse Reply
Received email from company :

Number of Equity Shares held by you on the Record Date being Wednesday, October 27, 2021 : 115

Entitlement for Buyback Offer in terms of number of Equity Shares : 7

Buyback Opening Date : Friday, November 26, 2021

Buyback Closing Date : Thursday, December 09, 2021
5. KAMMA SIVA RAMA KRISHNA  Nov 9, 2021 10:58:58 AM I Like It. | Report Abuse Reply
I think that the CMP of Rs. 950/- is a good opportunity to purchase the shares to tender for the buyback, who have sold after the record date at a good profit. Thank you.
5.3. KAMMA SIVA RAMA KRISHNA  Nov 9, 2021 3:40:58 PM I Like It. | Report Abuse
I have purchased half the shares, @ Rs.950/-, sold after the record date.
5.4. lokes  Nov 11, 2021 12:38:10 AM I Like It. 1 | Report Abuse
@niteenipo : if you dont want to take risk, then better wait for buyback offer letter to come to you. In that you will be knowing for how many shares you are entitled for sure then u can buy that much share only that time to tender in buyback.
Share price going down still so no need to take risk i feel by buying now based on assumption.
4. lokes  Oct 26, 2021 2:00:06 AM I Like It. | Report Abuse Reply
By seeing the fall in eclerx shares, I couldn't dare to buy goldiam for buyback purpose only. This share has also a great run up in recent times so there may be a fall in prices from tomorrow, as last date to buy with buyback was 25th Oct
4.1. lokes  Oct 26, 2021 4:00:35 PM I Like It. | Report Abuse
this share is doing good today also then probably buyback participants will gain in this
3. Shreyasagrawal  Oct 23, 2021 4:11:12 PM I Like It. | Report Abuse Reply
sir can i purchase share on 25 oct than i eligible to participate to buyback or not ?
3.1. lokes  Oct 23, 2021 9:22:53 PM I Like It. | Report Abuse
Yes you will be eligible to participate in buyback if purchase on 25th Oct ....
25th Oct is last date to buy for buyback.
3.2. Shreyasagrawal  Oct 24, 2021 10:39:33 PM I Like It. | Report Abuse
@lokes thanks sir
2. lokes  Oct 19, 2021 1:59:57 PM I Like It. 1 | Report Abuse Reply
can anyone suggest that is it good bet for buyback or not?
if acceptance ratio for retail will be less then it can be a loss making deal is share price corrects after buyback
2.3. lokes  Oct 22, 2021 12:57:00 AM I Like It. | Report Abuse
this goldiam price also moved 5-6 times in a year so it is also risky bet to buy now for buyback purpose, no idea when and how much these will fall if that happens
2.4. KAMMA SIVA RAMA KRISHNA  Oct 22, 2021 10:59:27 AM I Like It. | Report Abuse
Goldiam International is a unique one. Chances of further growth cannot be ruled out.
1. lokes  Oct 21, 2021 3:22:55 PM I Like It. | Report Abuse Reply
@admin: can you please add option for "track replies" in buyback pages messages also.....as we are not getting any emails for replies for buyback messages so its not easy to follow up