Godawari Power Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


Last updated on April 13, 2023

Godawari Power Buyback 2023

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 2023

Godawari Power share Buyback 2023 Details

Godawari Power Buyback Dates10 – 17 April 2023
Godawari Power Buyback Price INR 500 per share
Market Price on Buyback ApprovalINR 388.30 per share
Buyback Premium on Market Price28.77%
Buyback Offer Size (Shares)50,00,000 shares
Buyback Offer Size (Amount)INR 250 crore
Offer TypeTender Offer
Promoter ParticipationYes
Face Value INR 5 per share
Listing AtBSE, NSE

Godawari Power Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal15 March 2023
Buyback Approval Date18 March 2023
Public Announcement of Buyback21 March 2023
Godawari Power Buyback Record Date31 March 2023
Buyback Opening Date10 April 2023
Buyback Closing Date17 April 2023
Cut-off Date to receive completed tender forms by Registrar17 April 2023
Verification Date by the Registrar19 April 2023
Return of unaccepted shares by Registrar24 April 2023
Extinguishment of accepted shares4 May 2023

Godawari Power Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Godawari Power Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

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 2020FY 2021FY 2022
Total Expenses3,013.113,135.423,659.40
Net income 177.24654.521,467.31
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 500
Maximum shares for small shareholder (2,00,000/500)400 shares *
Closing price of stock as on 18 March 2023INR 388.30**
Maximum amount invested in buyback (INR 388.30 x 400 shares)INR 155,320
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Godawari Power Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
4004242 (100%)4,691.43.02
4004284 (200%)9,382.86.04
40042126 (300%)14,074.29.06

Registrar of Godawari Power Buyback 2023

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +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.


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