On March 18, 2023, Godawari Power & Ispat Buyback 2023 was announced. On April 10, 2023, the Godawari Power & Ispat purchase again will begin. The record date for the Godawari Power & Ispat purchase again is March 31, 2023. To be eligible for the purchase again, the investor must buy Godawari Power & Ispat shares before the record date.
The board of directors approved a buyback of Godawari Power & Ispat valued 250 crores on March 18, 2023. Godawari Power and Ispat will be purchased back through the stock exchange’s Tender Offer procedure. The company’s board of directors recognized at the buyback of its fully paid-up equity shares with a face value of 5 each at a price of 500 per Equity Share.
For an aggregate total not exceeding 250 crores from the shareholders. Details about Godawari Power & Ispat Buyback 2023 can be fou-recognized nd below:
Godawari Power & Ispat Ltd. (GPIL), a public Ltd. Co., previously Ispat Godawari Ltd (IGL), a pioneer constituent of the HIRA Group of Industries, Raipur, C.G., was incorporated in 1999 to set up an integrated steel plant with captive power generation under the visionary leadership of Mr. B. L. Agrawal, Managing Director, a techno commercial visionary with proven wide experience in commissioning & running of Cement The National Stock Exchange and the Bombay Stock Exchange simultaneously list GPIL.
GPIL is a flagship company of the Raipur-based Hira Group of Industries, with an important position in the steel industry’s long sector of goods, primarily mild steel wire. GPIL is now a complete manufacturer of mild steel wires. During the process, the company produces sponge iron, billets, ferroalloys, captive power, wire rods (via a subsidiary company), steel wires, oxygen gas, fly ash bricks and, finally, iron ore pellets. GPIL was additionally awarded rights for iron ore mining for captive use, allowing the company to traverse the whole value chain (raw material to end product) in steel wires and become a fully integrated steel maker.
Godawari Power Buyback History
- Godawari Power & Ispat buyback was in October 2008.
Godawari Power Buyback 2023 Dates
| Buyback Meeting Date: | March 18, 2023 |
| Buyback Announcement Date: | March 18, 2023 |
| Buyback Record Date: | March 31, 2023 |
| Buyback Open Date: | April 10, 2023 |
| Buyback Close Date: | April 17, 2023 |
| Finalization of Buyback Acceptance: | April 21, 2023 |
Godawari Power Buyback2023 Offer Details
Godawari Power & Ispat buyback of 50,00,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹250 crores of the total buyback offer size.
| Offer Amount: | ₹250 Crores |
| Number of Shares: | 50,00,000 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Godawari Power & Ispat Buyback 2023 Acceptance Ratio
The investor should buy around 400 shares at a current market price of ₹390 (as of March 17, 2023). The calculation will be ₹2,00,000 / ₹500 buyback price = 400 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹156,000 | 132 | ₹14,520 |
| 50% | ₹156,000 | 200 | ₹22,000 |
| 75% | ₹156,000 | 300 | ₹33,000 |
| 100% | ₹156,000 | 400 | ₹44,000 |
Godawari Power & Ispat Financial Report
| (₹ in Crores) | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹2,777 | ₹2,488 | ₹121 |
| 2021 | ₹3,646 | ₹2,644 | ₹626 |
| 2023 | ₹5,093 | ₹3,212 | ₹1351 |
How to Participate in Godawari Power & Ispat Buyback 2023
Investors who have Godawari Power & Ispat shares in their Demat Account on the record date are eligible for the repurchase plan. Eligible Shareholders can join in the Godawari Power & Ispat Buyback 2023 scheme by selling their shares using the opening form. The payment will be made in accordance with the Godawari Power & Ispat buyback scheme, which has been authorised by the firm.
Godawari Power & Ispat Buyback 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Godawari Power & Ispat Company Address
Company Contact Information
Godawari Power & Ispat Limited
428/2, Phase-I,
Industrial Area,
Siltara – 493111 Dist. Raipur
Phone: +91 771 4082333 / 40
Email: [email protected]
Website: http://www.godawaripowerispat.com
Godawari Power & Ispat Buyback 2023 Lead Managers
- Mark Corporate Advisors Private Limited
Godawari Power & Ispat Buyback 2023 FAQs
Q1. How to Apply the Godawari Power & Ispat Buyback through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Godawari Power & Ispat”. Click on Place Order. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
Q2. How to Apply the Godawari Power & Ispat Buyback through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the Godawari Power & Ispatount Section. You will see the Company Name “Godawari Power & Ispat”. Click on Godawari Power & Ispat Stock for Buyback. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
Q3. How to Apply the Godawari Power & Ispat Buyback through Godawari Power & Ispat Money?
Ans. Log in to Godawari Power & Ispat Money Application with your credentials. Select the Godawari Power & Ispat. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
Q4. When is Godawari Power & Ispat Buyback 2023 Record Date?
Ans. Godawari Power & Ispat buyback 2023 record date is March 31, 2023.
Q5. When is Godawari Power & Ispat Buyback 2023 Open Date?
Ans. Godawari Power & Ispat buyback 2023 open date is April 10, 2023.
Q6. What is Godawari Power & Ispat Buyback 2023 Price?
Ans. The company has fixed the price at ₹500 per share.
Q7. How to apply for Godawari Power & Ispat Buyback 2023?
Ans. As per the record date you need to have Godawari Power & Ispat shares in your Demat Account. You can participate in buyback after having the stock in your Account.
