Godawari Power Buyback Record Date 2024, Price, Entitlement Ratio


Last updated on July 2, 2024

Godawari Power Buyback Record Date

Godawari Power Buyback Record Date is finalized. 

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. Currently, the company is a comprehensive manufacturer of mild steel wires, producing sponge iron, billets, Ferro alloys, captive power, wire rods (via a subsidiary company), steel wires, Oxygen gas, fly ash bricks, and pallets.

The company holds rights for Iron Ore and Coal Mining for captive consumption, enabling it to cover the entire value chain from raw materials to the final product. The company surpassed the INR 1000 crore turnover milestone. The consolidated net profit after tax surged by 82% to INR 99 crore compared to INR 54 crore in the previous year.

Godawari Power

Godawari Power Buyback Record Date, Other Details

Godawari Power Buyback Dates4 – 10 July 2024
Godawari Power Buyback Price INR 1,400 per shere
Market Price on Buyback ApprovalINR 1,078.20 per share
Buyback Premium on Market Price29.85%
Buyback Offer Size (Shares)21,50,000 shares
Buyback Offer Size (Amount)INR 301 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 Proposal8 June 2024
Buyback Approval Date15 June 2024
Public Announcement of Buyback19 June 2024
Godawari Power Buyback Record Date28 June 2024
Buyback Opening Date4 July 2024
Buyback Closing Date10 July 2024
Cut-off Date to receive completed tender forms by Registrar10 July 2024
Verification Date by the Registrar12 July 2024
Return of unaccepted shares by Registrar18 July 2024
Extinguishment of accepted shares29 July 2024

Godawari Power Buyback 2024 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)

A 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 2022FY 2023FY 2024
Total Expenses3,535.004,589.324,127.29
Net income 1,467.31793.36935.59
Figures in INR Crores 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 1,400
Maximum shares for small shareholders (2,00,000/1,400) 143 shares *
Closing price of stock as of 15 June 2024INR 1,078.20**
Maximum amount invested in buyback (INR 1,078.20 x 143 shares)INR 1,54,182.6
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

Godawari Power Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1431313 (100%)4,183.42.71
1431326 (200%)8,366.85.43
1431339 (300%)12,550.28.14

Registrar of Godawari Power Buyback 2024

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 2024

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 buyback dates?

Godawari Power share buyback opens on 4 July 2024 and closes on 10 July 2024.

Which type of buyback is Godawari Power’s buyback offer?

Godawari Power buyback is a tender offer.

What is Godawari Power’s buyback price?

Godawari Power’s buyback price is INR 1,400 per share.

What is Godawari Power’s buyback record date?

Godawari Power buyback record date is 28 June 2024.

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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