Godawari Power Buyback 2023 description – Godawari Power & Ispat is mainly engaged in the business of mining iron ore and manufacturing iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, and ferroalloys with the generation of electricity.
GPIL is a flagship company of the Raipur-based Hira Group of industries having a dominant presence in the long product segment of the steel industry, mainly in mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires. The company manufactures sponge iron, billets, ferroalloys, captive power, wires rods, steel wires, oxygen gas, fly ash brick, and last but not least iron ore pellets.
GPIL has two captive mines:
- Ari Dongri Mine
- Boria Tibu Mine
Godawari Power share Buyback 2023 Details
| Godawari Power Buyback Dates | 10 – 17 April 2023 |
| Godawari Power Buyback Price | INR 500 per share |
| Market Price on Buyback Approval | INR 388.30 per share |
| Buyback Premium on Market Price | 28.77% |
| Buyback Offer Size (Shares) | 50,00,000 shares |
| Buyback Offer Size (Amount) | INR 250 crore |
| Offer Type | Tender Offer |
| Promoter Participation | Yes |
| Face Value | INR 5 per share |
| Listing At | BSE, NSE |
Godawari Power Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 15 March 2023 |
| Buyback Approval Date | 18 March 2023 |
| Public Announcement of Buyback | 21 March 2023 |
| Godawari Power Buyback Record Date | 31 March 2023 |
| Buyback Opening Date | 10 April 2023 |
| Buyback Closing Date | 17 April 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 17 April 2023 |
| Verification Date by the Registrar | 19 April 2023 |
| Return of unaccepted shares by Registrar | 24 April 2023 |
| Extinguishment of accepted shares | 4 May 2023 |
Godawari Power Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Godawari Power Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/29 | 10.34 |
| General category (for all other Eligible Shareholders) | 11/346 | 3.18 |
Small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Godawari Power Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 3,288.53 | 4,071.92 | 5,399.18 |
| Total Expenses | 3,013.11 | 3,135.42 | 3,659.40 |
| Net income | 177.24 | 654.52 | 1,467.31 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 500 |
| Maximum shares for small shareholder (2,00,000/500) | 400 shares * |
| Closing price of stock as on 18 March 2023 | INR 388.30** |
| Maximum amount invested in buyback (INR 388.30 x 400 shares) | INR 155,320 |
** For simplicity, we have considered price on buyback approval date
Godawari Power Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 400 | 42 | 42 (100%) | 4,691.4 | 3.02 |
| 400 | 42 | 84 (200%) | 9,382.8 | 6.04 |
| 400 | 42 | 126 (300%) | 14,074.2 | 9.06 |
Registrar of Godawari Power Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +918108114949
Email: [email protected]
Website: www.linkintime.co.in
Manager of Godawari Power Buyback 2023
Mark Corporate Advisors Private Limited
404/1, The Summit Business Bay,
(Service Lane, Sant Janabai Rd,
off Western Express Highway,
Vile Parle East, Mumbai, Maharashtra 400057
Tel: +91 22 2612 3207/08
Email: [email protected]
Website: www.markcorporateadvisors.com
Process to Participate in Godawari Power Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Godawari Power share buyback dates?
Godawari Power share buyback opens on 10 April 2023 and closes on 17 April 2023.
Which type of buyback is Godawari Power buyback offer?
Godawari Power buyback is a tender offer.
What is Godawari Power buyback price?
Godawari Power’s buyback price is INR 500 per share.
What is the Godawari Power buyback record date?
Godawari Power’s buyback record date is 31 March 2023.
How to participate in Godawari Power share buyback?
Godawari Power share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
