Incorporated in 1986, Goldiam International Limited is engaged in the manufacturing and exporting of Jewellery around the globe. It is a renowned global exporter of luxurious diamond jewelry globally. The company is an Original Equipment Manufacturers (OEM) of jewelry products and provides its products to global retailers. The company provides 360-degree services to its retail partners in the USA, Europe, and other countries and employs the latest technology and precision tooling, for producing its products. Some of the company products are Engagement Rings, Wedding bands, Bridal sets, Fashion JewelryEarrings + Pendants, etc.
Goldiam has its sales offices on the US east coast, Hong Kong, and Mumbai. The company also sells its products online.
Goldiam International Buyback 2023 Detail
| Issue Period | July 27, 2023 – August 2, 2023 |
| Security Name | Goldiam International Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 2,179,493.00 |
| Issue Size (Amount) | ₹32.69 Crores |
| Buyback Price | ₹150 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Goldiam International Buyback 2023 Issue Timetable
| Last Date to buy shares | July 20, 2023 |
| Record Date | July 21, 2023 |
| Offer Opens On | July 27, 2023 |
| Last Date for receipt of Tender Forms | August 2, 2023 |
| Offer Closes On * | August 2, 2023 |
| Finalisation of Buyback Acceptance | August 8, 2023 |
| Last Date for settlment of bids | August 9, 2023 |
| Last Date for Extinguishment of Shares | August 22, 2023 |
* Last Date to Tender shares on Zerodha : August 1, 2023
Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 17 Equity Shares out of every 584 Fully paid-up Equity Shares held on the Record Date. | 326,924.00 |
| General Category for all other Eligible Shareholders | 5 Equity Shares out of every 264 Fully paid-up Equity Shares held on the Record Date. | 1,852,569.00 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 613.96 | 413.22 | 67.11 |
| 31-Mar-22 | 632.47 | 712.39 | 105.96 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 135.10 | 128.70 | 131.27 |
| May-2023 | 151.00 | 131.25 | 141.24 |
| Apr-2023 | 149.40 | 131.35 | 139.30 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2023 | 135.05 | 128.70 | 131.24 |
| May-2023 | 151.05 | 131.05 | 141.22 |
| Apr-2023 | 148.10 | 131.25 | 139.21 |
Necessity of the Issue
The Buyback is undertaken for the following reasons:
- The Company believes that the strong future and outlook of its business activities is not accurately reflected in the prevailing market price, thereby giving an opportunity for Buyback to create long-term value for its shareholders.
- The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company; thereby, enhancing the overall return to shareholders.
- The Buyback gives the Eligible equity shareholders the choice to either (A) participate in the Buyback and receive cash in lieu of Equity Shares accepted under the Buyback or (B) not to participate in the Buyback and enjoy a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.
Goldiam International Buyback 2023 Documents
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Company Contact Information
Goldiam International Limited
Gems & Jewellery Complex,
Santacruz Electronics Export Processing Zone,
Andheri (East), Mumbai‐400096
Phone: + 91 22 28291893
Email: investorrelations@goldiam.com
Website: https://www.goldiam.com/