Godawari Power & Ispat Limited Buyback
Godawari Power and Ispat Buyback 2024
Tender Offer
₹1,400.00
Buyback price per shareAbout Godawari Power & Ispat Limited Buyback
Godawari Power & Ispat Ltd (GPIL) is a pioneering company belonging to the HIRA Group of Industries. The company was established to set up an integrated steel plant with captive power generation.
GPIL is the flagship company of the Raipur-based Hira Group of Industries. The company has a dominant presence in the long products segment of the steel industry, especially in mild steel wire. GPIL is an end-to-end manufacturer of mild steel wire.
Godawari Power & Ispat Limited Buyback Details
Security Name
Godawari Power & Ispat LimitedBuyback Price
₹1,400.00Face Value
₹5.00Listing at Group
BSE, NSELead Manager
Mark Corporate Advisors Private LimitedBuyback Docs
Letter Of OfferIssue Size
215,000 (1.64 % of Total number of equity Shares)Godawari Power and Ispat Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Jun 27, 2024 | Jun 28, 2024 | Jul 4, 2024 | Jul 10, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Jul 10, 2024 | Jul 16, 2024 | Jul 18, 2024 | Jul 29, 2024 |
Godawari Power & Ispat Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 5/56 | 322500 |
| General Category for all other Eligible Shareholders | 11/729 | 1827500 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Revenue | 5,857.10 | 5,428.55 | 3,473.55 |
| Profit After Tax | 793.36 | 1,467.31 | 654.51 |
| Net Worth | -- | -- | -- |
| Total Assets | 5,159.36 | 4,889.93 | 3,473.55 |
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
How to Participate in Godawari Power & Ispat Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Godawari Power & Ispat Limited Buyback in Demat or physical form as on the record date Jun 28, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Jul 4, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Jul 29, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Godawari Power & Ispat Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,400.00 |
Maximum share for small shareholders (200000/ 1400) | 142.86 share |
Closing price of stock as of 2024-06-15 | ₹1,078.20 |
Maximum amount insted in buyback (₹1,078.20 x 142.85714285714286 shares) | ₹154,028.57 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Jun 15, 2024
Expected Profit from the Godawari Power & Ispat Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹154,028.57 | ₹154,028.57 | ₹154,028.57 | ₹154,028.57 |
No. of Shares Buyback | 47 | 71 | 107 | 142 |
Buyback Profit | 15124 | 22847 | 34432 | 45695 |
Profit% | 9.82% | 14.83% | 22.35% | 29.67% |
Godawari Power & Ispat Limited Buyback - Necessity of the Objective
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
The buyback will help the company to optimize its capital structure.
The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as small shareholders.
The buyback may help in improving financial ratios like earnings per share, return on capital employed, and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Godawari Power & Ispat Limited Buyback
428/2, Phase-I, Industrial Area, Siltara – 493111 Dist. RaipurEmail: contact@gpil.in
Phone: +91 771 4082333 / 40
Website: http://www.godawaripowerispat.com
Link Intime India Private Ltd
Email: godawari.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
