Goldiam International Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Goldiam International Buyback 2023

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

Goldiam International Share Buyback 2023 Details

Goldiam International Buyback Dates27 July – 2 August 2023
Goldiam International Buyback Price INR 150 per share
Market Price on Buyback ApprovalINR 133.05 per share
Buyback Premium on Market Price12.74%
Buyback Offer Size (Shares)21,79,493 shares
Buyback Offer Size (Amount)INR 32.69 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Goldiam International Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal4 May 2023
Buyback Approval Date20 May 2023
Public Announcement of Buyback10 July 2023
Goldiam International Buyback Record Date21 July 2023
Buyback Opening Date27 July 2023
Buyback Closing Date2 August 2023
Cut-off Date to receive completed tender forms by Registrar2 August 2023
Verification Date by the Registrar2 August 2023
Return of unaccepted shares by Registrar9 August 2023
Extinguishment of accepted shares22 August 2023

Goldiam International Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Goldiam International 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 shareholder who holds shares worth less than INR 2,00,000 as on record date.

Goldiam International Financial Performance

FY 2021FY 2022FY 2023
Total Expenses331.82563.76436.82
Net income 67.11105.9685.19
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 150
Maximum shares for small shareholder (2,00,000/150)1,334 shares *
Closing price of stock as on 22 May 2023INR 133.05**
Maximum amount invested in buyback (INR 133.05 x 1,334 shares)INR 1,77,488.7
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Goldiam International Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
1,3343939 (100%)661.050.37
1,3343978 (200%)1,322.10.74
1,33439117 (300%)1,983.151.12

Registrar of Goldiam International Buyback 2023

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]

Manager of Goldiam International Buyback 2023

The Ruby, 9th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai – 400028
Tel: +91–22– 68266000-3
E-mail: [email protected]

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.


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