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Godawari Power & Ispat Limited (BSE:532734, NSE:GPIL) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Godawari Power and Ispat Buyback Mar 2023? The company has announced a buyback price of Rs 500. Buyback Announced on TBD, the Record Date for the eligible investor is 31-03-2023.
Godawari Power & Ispat Limited Buyabck Tender process starts from 10-04-2023 and end on 17-04-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 10.34%.
The summary report of Godawari Power & Ispat Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | Godawari Power & Ispat Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹250.00Cr |
Buyback Number of Shares: | 50,00,000 |
Buyback Price: | 500 |
Approx Entry Price: | 387.30 |
Promoters In: | Y |
Record Date: | 31-03-2023 |
Buyback Open Date: | 10-04-2023 |
Buyback Close Date: | 17-04-2023 |
Payment Date: | 21-04-2023 |
Record Date Price: | 348.9 |
Maximum Retail Quantity: | 573 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | - |
Acceptance Ratio Retail: | 3 Equity Share out of every 29 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 10.34 |
Acceptance Ratio General: | 11 Equity Share out of every 346 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 3.18 |
Final Acceptance Ratio %: | - |
The Record Date for Godawari Power & Ispat Limited Buyback offer is 31st Mar 2023
Which means you should hold the Godawari Power & Ispat Limited share in your demat account by closing session of 31st Mar 2023. Share purchased on and before (31st Mar 2023) - 2 business days will be available in your demat account by 31st Mar 2023.
Steps to participate in Godawari Power & Ispat Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Godawari Power & Ispat Limited: 10th Apr 2023
Buyback closing date for Godawari Power & Ispat Limited: 17th Apr 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 21st Apr 2023.
Buyback opening date for Godawari Power & Ispat Limited: 10th Apr 2023
Buyback closing date for Godawari Power & Ispat Limited: 17th Apr 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .