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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.

You could sell Goldiam International Buyback on Oct 26, 2021 to remain eligible for buyback. The record date for Goldiam International Buyback buyback is Oct 27, 2021.

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.


11 Comments

11. KAMMA SIVA RAMA KRISHNA  
AR 13/200. A very very disappointing.
Dear Ayush Jindal,
I am grateful to you for enlightening me regarding the basis of acceptance of shares for the buyback. I wholeheartedly appreciate your knowledge in this regard n kindness to elaborately explain the process. Please keep it up. God blesses you with all the best. Thank you once again.
11.23. Ayush Jindal  
KSKR Sir Ji,
Thank you for your kind and affectionate words. And wishing you a Very Happy New Year 2022.
10. Ayush Jindal  
KSKR Sir Ji,
Sir, you are already aware of the process of buyback. The complaint raised by you is not valid. Let me explain to you the process of buyback again.

First Priority:- 100% Entitled shares accepted.
Second Priority:- Who was entitled to 'Zero shares'.
Third Priority:- After accepting entitled and single shares as mentioned above, additional equity shares are taken into account and accepted proportionately.

As per LOF Entitlement ratio in General Category was 9 out of 593 Shares. The buyback size was 3,23,000 shares for the general category. Promoters have 1,46,94,672 shares and entitled to tender 2,23,000 as per entitled ratio.

On the basis of priority mentioned above after accepting the promoter's entitled shares the balance no. of shares left as 1,00,000 shares (323000-223000). Now refer to notice of post buyback in which you will find valid bids was of 12,37,607 in general category assuming that out of this figure 2,23,000 shares belong to the promoter balance left as 10,14,607 shares.

Based on the assumption:-
Now 10,14,607 shares were entitled to 15,400 shares on the basis of the 9/593 ratio. Now after deducting 223000 and 15400 from 323000 we are left with 84,600 shares and valid bids shares left are 9,99,207 shares. Based on third priority 84600/999207= 8.46% extra shares will be accepted over and above of entitled ratio. Moreover, 8.46% will get reduced to 5% assuming that another HNI investor has also tendered their entitled portion only as the promoter did.

Now you have 200 Shares. First, your 3 shares were accepted then out of your 197 shares 5% more additional shares were accepted i.e. 10 approx. So, the total shares accepted are 13 out of a total of 200.

I hope now you understand the reason behind the AR of 6.5% in your case.

Regards,
Ayush Jindal
Dear Ayush Jindal,
I am extremely sorry for the delay in responding to your post which might be the reason for your repeated one. Thank you
9. Ayush Jindal  
KSRK Sir Ji,
Thank you very much!
8. BSC  
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?
8.10. KAMMA SIVA RAMA KRISHNA  
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.
8.11. KAMMA SIVA RAMA KRISHNA  
AR is 13/200 due to non retail category. OK. No problem.
7. Shreyasagrawal  
I sold the share on 26 oct , why i recived the mail of entitlement from goldiam company? can i eligible now or not?
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.
7.2. Girish prasad Tiwari  
As per t+2 you are eligible for same
6. NITEENIPO  
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
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.
I have purchased half the shares, @ Rs.950/-, sold after the record date.
5.4. lokes  
@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  
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  
this share is doing good today also then probably buyback participants will gain in this
3. Shreyasagrawal  
sir can i purchase share on 25 oct than i eligible to participate to buyback or not ?
3.1. lokes  
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  
@lokes thanks sir
2. lokes  
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  
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
Goldiam International is a unique one. Chances of further growth cannot be ruled out.
1. lokes  
@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