On March 18, 2023, the Godawari Power Buyback 2023 announcement was made. On April 10, 2023, the Godawari Power & Ispat Buyback will begin. The record date for the Godawari Power & Ispat Buyback is set as March 31, 2023.
To be eligible for the buyback, the investor must purchase shares in Godawari Power & Ispat before the record date. On March 18, 2023, the board of directors approved the Godawari Power & Ispat Buyback of ₹250 crores. Godawari Power & Ispat Buyback will be accomplished through the stock exchange’s Tender Offer procedure. The business’s board of directors gave its approval for the company to repurchase from the shareholders fully paid-up equity shares with a face value of ₹5 per share at a price of ₹500 per share, up to a maximum of ₹250 crores.
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
At a price of ₹500 per equity share, Godawari Power & Ispat conducted a buyback of 50,000 equity shares. The total size of the buyback offers cannot be greater than ₹250 crores.
| 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 |
Godawari Power & Ispat Buyback 2023 Acceptance Ratio
At the market price of ₹390 as of March 17, 2023, the investor should purchase about 400 shares. ₹2,00,000 divided by the ₹500 buyback price equals 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 | ₹ in Crores | ₹ 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 had Godawari Power & Ispat shares in their Demat Account before the record date are eligible for the buyback program. According to the opening form, eligible share holders can participate in the Godawari Power & Ispat Buyback 2023 scheme by selling their shares. According to the Godawari Power & Ispatepted shares by the business under the Godawari Power & Ispat buyback program, the payment would be made.
Godawari Power & Ispat Buyback 2023 Lead Managers
- Mark Corporate Advisors Private Limited
Godawari Power & Ispat Contact Info
Godawari Power & Ispat Limited
428/2, Phase-I,
Industrial Area,
Siltara – 493111 Dist. Raipur
Phone: +91 771 4082333 / 40
Email: contact@gpil.in
Website: http://www.godawaripowerispat.com
Godawari Power & Ispat Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: gpil.buyback@linkintime.co.in
Website: https://linkintime.co.in
Godawari Power & Ispat Buyback 2023 FAQs
Q1. When is Godawari Power & Ispat Buyback 2023 Record Date?
Ans. The record date for the Godawari Power & Ispat buyback in 2023 is March 31, 2023.
Q2. When is Godawari Power & Ispat Buyback 2023 Open Date?
Ans. Opening Date for the Godawari Power & Ispat buyback in 2023 is April 10.
Q3. What is Godawari Power & Ispat Buyback 2023 Price?
Ans. The company has set the price at ₹500 per share.
