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Goldiam International Buyback


The summary report of Goldiam International Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approx entry level for new investors, date of xtinguishment of Equity Shares, Entitlement Ratio for retail and general category

Goldiam International Limited Buyback

TitleDetail
Company Name:Goldiam International Limited
Buyback Type:Tender Offer
Total Share Capital:Rs 2119.5 Cr
Offer Amount:45.60 Cr
Offer Size:10.05%
Buyback Number of Shares:3.80 Lakh
Buyback Price:1200
Approx Entry Price:950
Promoters In:Y
Buyback Approval Date:13-10-2021
Record Date:27-10-2021
Open Date:26-11-2021
Close Date:09-12-2021
Payment Date:20-12-2021
Record Date Price:1096.65
Maximum Retail Quantity:182
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:Letter of Offer
Acceptance Ratio Retail:20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:6.40%
Acceptance Ratio General:9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:1.52%

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FAQs

The Record Date for Goldiam International Limited Buyback offer is 27th Oct 2021

Which means you should hold the Goldiam International Limited share in your demat account by closing session of 27th Oct 2021. Share purchased on and before (27th Oct 2021) - 2 business days will be available in your demat account by 27th Oct 2021.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Goldiam International Limited shares at ₹950 and buyback offer price is ₹1200, you can get ₹250 per accepted share. If you hold 211 shares of Goldiam International Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 70 to 106 shares with the gain from buyback of ₹17500 to ₹26500.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

Goldiam International Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%70₹17500
50%106₹26500
75%158₹39500
100%211₹52750

 

Steps to participate in Goldiam International Limited buyback:

  1. On Record date (27th Oct 2021) you must have share of Goldiam International Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

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 Goldiam International Limited: 26th Nov 2021

Buyback closing date for Goldiam International Limited: 9th Dec 2021

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 20th Dec 2021.

 

Buyback opening date for Goldiam International Limited: 26th Nov 2021

Buyback closing date for Goldiam International Limited: 9th Dec 2021

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 .

 


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