Godawari Power and Ispat Buyback 2024

Godawari Power & Ispat Limited Buyback

Godawari Power and Ispat Buyback 2024
Tender Offer

₹1,400.00

Buyback price per share

About 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.

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Godawari Power & Ispat Limited Buyback Details

Security Name

Godawari Power & Ispat Limited

Buyback Price

₹1,400.00

Face Value

₹5.00

Listing at Group

BSE, NSE

Lead Manager

Mark Corporate Advisors Private Limited

Buyback Docs

Letter Of Offer

Issue Size

215,000 (1.64 % of Total number of equity Shares)

Godawari Power and Ispat Buyback 2024 Issue Timetable

Last Date to buy sharesRecord DateOffer Opens OnOffer Closes On *
Jun 27, 2024Jun 28, 2024Jul 4, 2024Jul 10, 2024
Last Date for receipt of Tender FormsFinalisation of Buyback AcceptanceLast Date for settlement of bidsLast Date for Extinguishment of Shares
Jul 10, 2024Jul 16, 2024Jul 18, 2024Jul 29, 2024

Godawari Power & Ispat Limited Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders5/56322500
General Category for all other Eligible Shareholders11/7291827500

Company Financials All values are in ₹ Cr.

Period Ended31-Mar-2331-Mar-2231-Mar-21
Total Borrowing------
Total Revenue5,857.105,428.553,473.55
Reserves And Surplus------
Profit After Tax793.361,467.31654.51
Total Assets5,159.364,889.933,473.55
Net Worth------

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.

Company Contact Information

Godawari Power & Ispat Limited Buyback

428/2, Phase-I, Industrial Area, Siltara – 493111 Dist. Raipur

Email: contact@gpil.in

Phone: +91 771 4082333 / 40

Website: http://www.godawaripowerispat.com

Godawari Power and Ispat Buyback 2024 Registrar

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