Godawari Power & Ispat Limited Buyback
Godawari Power and Ispat Buyback 2024
Tender Offer
₹1,400.00
Buyback price per share27 Jun, 2024
Last Date to buy shares28 Jun, 2024
Record Date04 Jul, 2024
Offer Opens10 Jul, 2024
Offer Closes10 Jul, 2024
Last Date for Tender Forms16 Jul, 2024
Finalisation of Buyback Acceptance18 Jul, 2024
Last Date for settlement of bids29 Jul, 2024
Last Date for Extinguishment of SharesAbout Godawari Power & Ispat Limited Buyback Company
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 Limited
- Buyback Price ₹1,400.00
- Face Valuet ₹5.00
- Listing at Group BSE, NSE
- Lead Manager Mark Corporate Advisors Private Limited
- Issue Size 215,000 (1.64 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Godawari Power & Ispat Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 5/56 | 322500 |
| General Category for all other Eligible Shareholders | 11/729 | 1827500 |
Godawari Power & Ispat Limited Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Net Worth | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Total Assets | 5,159.36 | 4,889.93 | 3,473.55 |
| Total Revenue | 5,857.10 | 5,428.55 | 3,473.55 |
| Reserves And Surplus | -- | -- | -- |
| Profit After Tax | 793.36 | 1,467.31 | 654.51 |
How to Participate in Godawari Power & Ispat Limited Buyback?
Calculation of Investment in Godawari Power & Ispat Limited Buyback Buyback 2026
* 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 | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹154,028.57 | 47 | 15124 | 9.82% |
| 50% | ₹154,028.57 | 71 | 22847 | 14.83% |
| 75% | ₹154,028.57 | 107 | 34432 | 22.35% |
| 100% | ₹154,028.57 | 142 | 45695 | 29.67% |
Amount Invested in Buyback: ₹154,028.57
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.
Contact Details
Godawari Power & Ispat Limited Buyback
428/2, Phase-I, Industrial Area, Siltara – 493111 Dist. Raipur
+91 771 4082333 / 40
contact@gpil.in
Registrar Contact Details
Link Intime India Private Ltd
godawari.buyback2024@linkintime.co.in
+91-22-4918 6270