The Goldiam International Buyback date has been Recorded on July 21, 2023
Goldiam International was founded in 1984 and is part of the USD 900 million Aarti Group of Industries, having a strong R&D Division at Tarapur, Maharashtra Industrial Development Corporation (MIDC), close to production facilities.
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Record Dates
July 21, 2023
Buyback Price
₹150 per equity share
Face Value
₹2 per share
Offer Closes On
August 2, 2023
Goldiam International Buyback Price
The Goldiam International Buyback price is ₹[150 per equity share ].
IPO Overview
Goldiam International Limited, established in 1986, specializes in the production and distribution of exquisite jewelry worldwide. With a stellar reputation as a leading exporter of opulent diamond jewelry, the company serves as an Original Equipment Manufacturer (OEM) for jewelry items, catering to esteemed retailers across the globe.
Goldiam International Share Buyback 2023 Details
| Goldiam International Buyback Dates | Coming soon |
| Goldiam International Buyback Price | INR 150 per share |
| Market Price on Buyback Approval | INR 133.05 per share |
| Buyback Premium on Market Price | 12.74% |
| Buyback Offer Size (Shares) | 21,79,493 shares |
| Buyback Offer Size (Amount) | INR 32.69 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Goldiam International Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 4 May 2023 |
| Buyback Approval Date | 20 May 2023 |
| Public Announcement of Buyback | 10 July 2023 |
| Goldiam International Buyback Record Date | 21 July 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Goldiam International Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 6.25 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
Goldiam International Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 364.51 | 406.0 | 687.74 | 533.18 |
| Total Expenses | 324.65 | 331.82 | 563.76 | 436.82 |
| Net income | 46.9 | 67.11 | 105.96 | 85.19 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 150 |
| Maximum shares for small shareholder (2,00,000/150) | 1,334 shares * |
| Closing price of stock as on 22 May 2023 | INR 133.05** |
| Maximum amount invested in buyback (INR 133.05 x 1,334 shares) | INR 1,77,488.7 |
Goldiam International Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 1,334 | 84 | 84 (100%) | 1,423.8 | 0.80 |
| 1,334 | 84 | 168 (200%) | 2,847.6 | 1.60 |
| 1,334 | 84 | 252 (300%) | 4,271.4 | 2.41 |
Company Profile
Goldiam International Limited (NSE: GOLDIAM, BSE: 526729) has been in the business of exporting beautifully crafted and luxurious diamond jewelry for over 30 years. As a preferred manufacturer for numerous renowned global retailers, department stores, and wholesalers in the American and European markets, the company is highly regarded for its commitment to responsibly sourced diamonds. Goldiam offers comprehensive services to its retail partners across various regions, including the USA, Europe, and other countries. By leveraging cutting-edge technology and precision tooling, the company ensures the production of top-quality products. Its diverse range of offerings includes Engagement Rings,
Wedding bands, Bridal sets, Fashion Jewelry Earrings + Pendants, and more. In addition to its physical sales offices located on the US east coast, Hong Kong, and Mumbai, Goldiam also caters to customers through its online platform.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +918108114949 |
| Email ID | goldiam.buyback@linkintime.co.in |
| Website | https://www.linkintime.co.in |
Contact Details
| Name | Goldiam International Buyback Limited |
| Phone number | +91–22– 68266000-3 |
| Email ID | alpesh@keynoteindia.net |
| Website | https://www.keynoteindia.net |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
