Goldiam International, a 1986 incorporation, produces and exports gold and diamond jewelry to international retailers. The business sells natural diamond jewelry as well as lab-
grown diamonds (LGD) and jewelry to wholesalers, department shops, and worldwide retailers. Engagement rings, wedding bands, anniversary rings, bridal sets, earrings, and pendants are some of the items it sells. The company’s international activities in the USA, UK, Russia, Dubai, China, Hong Kong, and Australia generate the majority of the company’s revenue. With 95% of its sales coming from the USA, it has an intense focus on the US market. It sells 20% to wholesalers and 80% of the jewelry to retailers.
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 |
Registrar of Goldiam International Buyback 2023
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]
Website: https://www.linkintime.co.in
Manager of Goldiam International Buyback 2023
KEYNOTE FINANCIAL SERVICES LIMITED
The Ruby, 9th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai – 400028
Tel: +91–22– 68266000-3
E-mail: [email protected]
Website: https://www.keynoteindia.net
Goldiam International IPO FAQs:
Q1. What are Goldiam International’s buyback dates?
Ans. Goldiam International share buyback opens on Coming Soon and closes on Coming Soon.
Q2. Which type of buyback is Goldiam International’s buyback offer?
Ans. Goldiam International’s buyback is a tender offer.
Q3. What is Goldiam International’s buyback price?
Ans. Goldiam International’s buyback price is INR 150 per share.
Q4. What is Goldiam International’s buyback record date?
Ans. Goldiam International’s buyback record date is 21 July 2023.
Q5. How to participate in Goldiam International share buyback?
Ans. Goldiam International share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
