Goldiam International Buyback 2023 description – Incorporated in 1986, Goldiam International is engaged in manufacturing and exporting gold and diamond jewelry to global retailers. The company supplies Natural diamond jewellery and Lab-grown diamonds (LGD) and jewellery to international retailers, departmental stores, and wholesalers. Its products include Engagement Rings, Wedding Bands, Anniversary Rings, Bridal Sets, Earrings, and Pendants.
The company’s major revenue is derived from its overseas operations in the USA, UK, Russia, Dubai, China, Hong Kong, and Australia. It is heavily focused on the US Market with 95% of its revenue being derived from the USA. It sells 80% of the jewelry to retailers & 20% to wholesalers.
Goldiam International Share Buyback 2023 Details
| Goldiam International Buyback Dates | 27 July – 2 August 2023 |
| Goldiam International Buyback Price | INR 150 per share |
| Market Price on Buyback Approval | INR 133.05 per share |
| Buyback Premium on Market Price | 12.74% |
| Buyback Offer Size (Shares) | 21,79,493 shares |
| Buyback Offer Size (Amount) | INR 32.69 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Goldiam International Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 4 May 2023 |
| Buyback Approval Date | 20 May 2023 |
| Public Announcement of Buyback | 10 July 2023 |
| Goldiam International Buyback Record Date | 21 July 2023 |
| Buyback Opening Date | 27 July 2023 |
| Buyback Closing Date | 2 August 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 2 August 2023 |
| Verification Date by the Registrar | 2 August 2023 |
| Return of unaccepted shares by Registrar | 9 August 2023 |
| Extinguishment of accepted shares | 22 August 2023 |
Goldiam International Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Goldiam International Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 17/584 | 2.91 |
| General category (for all other Eligible Shareholders) | 5/264 | 1.89 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Goldiam International Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 406.0 | 687.74 | 533.18 |
| Total Expenses | 331.82 | 563.76 | 436.82 |
| Net income | 67.11 | 105.96 | 85.19 |
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 150 |
| Maximum shares for small shareholder (2,00,000/150) | 1,334 shares * |
| Closing price of stock as on 22 May 2023 | INR 133.05** |
| Maximum amount invested in buyback (INR 133.05 x 1,334 shares) | INR 1,77,488.7 |
** For simplicity, we have considered price on buyback approval date
Goldiam International Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,334 | 39 | 39 (100%) | 661.05 | 0.37 |
| 1,334 | 39 | 78 (200%) | 1,322.1 | 0.74 |
| 1,334 | 39 | 117 (300%) | 1,983.15 | 1.12 |
Registrar of Goldiam International 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:Â [email protected]
Website: www.linkintime.co.in
Manager of Goldiam International Buyback 2023
KEYNOTE FINANCIAL SERVICES LIMITED
The Ruby, 9th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai – 400028
Tel: +91–22– 68266000-3
E-mail:Â [email protected]
Website:Â www.keynoteindia.net
Process to Participate in Goldiam International 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. 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 complete document verification, 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 Goldiam International’s buyback dates?
Goldiam International’s share buyback opens on 27 July 2023 and closes on 2 August 2023.
Which type of buyback is Goldiam International’s buyback offer?
Goldiam International’s buyback is a tender offer.
What is Goldiam International’s buyback price?
Goldiam International’s buyback price is INR 150 per share.
What is Goldiam International’s buyback record date?
Goldiam International’s buyback record date is 21 July 2023.
How to participate in Goldiam International share buyback?
Goldiam International share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
