Goldiam International Buyback 2021
They have been in this business for the last 2 decades and their business model of being an OEM to retailers globally has given their company unmatched brand equity.
Their company is listed on the Indian stock exchange and this public + private partnership is forging the company ahead on a growth trajectory. Their focus on providing a 360 degree service to major retail corporations based in USA, Europe and other countries has made them the first choice for sourcing diamond jewelry that adorns the shelves of major departmental stores. Their diamonds are sourced responsibly and their jewelry is crafted with the finest set of hands the industry has to offer.
By combining the best in CAD CAM technology, precision tooling, the finest diamonds and experienced hands, they can offer a range of designs in several product categories with one of the shortest lead times in the industry. For a retailer, this translates into an agile and nimble product line, trendy styling that is in sync with fashion trends and the best finishing on every curve, setting and contour of the piece.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Oct 27 2021 |
| Buyback Opening Date: | Nov 26 2021 |
| Buyback Closing Date: | Dec 09 2021 |
| Buyback Offer Amount: | ₹ 45.60 Cr |
| Date of Board Meeting approving the proposal: | Jul 21 2021 |
| Date of Public Announcement: | Jul 21 2021 |
| Buyback Number of Shares: | 380,000 |
| Price Type: | Tender Offer |
| FV: | 10 |
| Buyback Price: | ₹ 1200 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Cr.) | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 |
| Sales | 326 | 308 | 311 | 435 | 365 | 406 |
| Expenses | 295 | 280 | 285 | 379 | 320 | 328 |
| Operating Profit | 32 | 28 | 26 | 56 | 45 | 78 |
| OPM % | 10% | 9% | 8% | 13% | 12% | 19% |
| Other Income | 15 | 8 | 11 | 18 | 22 | 23 |
| Interest | 2 | 3 | 2 | 3 | 2 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 2 | 4 |
| Profit before tax | 42 | 31 | 33 | 68 | 62 | 97 |
| Tax % | 21% | 34% | 38% | 32% | 27% | 31% |
| Net Profit | 32 | 21 | 20 | 50 | 47 | 73 |
| EPS in Rs | 13.03 | 8.41 | 8.08 | 21.59 | 21.14 | 33.01 |
| Dividend Payout % | 19% | 24% | 19% | 14% | 31% | 24% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,60,356 | 1,60,356 | 1,60,356 | 1,60,356 |
| No. of Shares buyback | 54 | 83 | 124 | 166 |
| BuyBack Profit | 12,636 | 19,422 | 29,016 | 38,844 |
| Profit | 7.8% | 12.1% | 18% | 24.2% |
Recommendation:
Registrar Contact Details:
35 Comments
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AR is 13/200 as holding 200 shares is considered to be Non Retail Category. What is the AR in Retail Category? Can someone please enlighten?
MPS LTD ( Macmillan Publishing Technologies & Service Businesses Limited ) board has approved the Buyback of 9,44,444 shares through Tender route @ Rs.900/- on 27/10/2021.
CMP. Around Rs.705/-
Record Date yet to be announced.
Thank you.
Record Date- 27th October
Purchased 150 shares today at the average price of Rs.956/-. Of course subsequently the price touched the low at Rs. 942/-. By that time funds are exhausted. That is share market. No regrets as I have purchased the shares within my target price. Thank you.
Current Market Price of around Rs. 900/- is a good opportunity to purchase the shares. Though the possible AR may not be that much attractive, yet the company is a good one and if you hold the balance of shares after buyback for one year, you will be benefitted reasonably. Thank you.
Purchase the shares @ around Rs. 960/- to get a reasonable profit as the price for the balance of shares after the buyback may not be more than Rs 900/-. AR may not be that much attractive. Thank you.
Goldiam International Buyback price is fixed at Rs.1200/-during the meeting of the board of directors of the company today. CMP is Rs.1020/-. Please be cautious and watchful before purchasing the shares for the purpose of buyback of the shares. Thank you.
Good Morning Sir . I am holding Eclerx 103 shares everage price of 2300 . If buy back closing price settled at 2500 . My total value will be Rs.257500 . It is more than 2 lakh . I am participate in buy back for retail catagory . My question is , Whether I need to reduce the qty before the record date to bring value less than 2 lakh . Please advise .
Yes, you need to reduce the holding to below 2 lac.
Thank you very much Santosh Sir . Today I exited both counter Eclerx @ 2457 and Rsystem @ 224 . Made 40k .
Sorry to bother you . Once more question . If I re enter Rsystem before 27th sept is elgible for buy back . Issue closing on 1st Oct .
Check the record date of Rsystem Buyback 2021, it is 27.08.2021….So, if you are holding the shares as on 27.08.2021, you are eligible for applying in buyback.
Sir , I had 888 shares as on 27th Aug . Yesterday I sold it . Can I buy now at lower price and participate in Buy back offer ?
KP ji,
No. of Shares held on record date is the criteria for rendering in Buyback. After record date, you can sell / purchase any number of shares you want to. Only one thing to remember is that the shares purchased are available in your d mat account by the time you want to render during the admissible ( Between the opening day and the closing day of the buyback) period of buyback. Sometimes due to circumstances beyond our control we may not be able to render the shares on the last day. Hence my suggestion is to render the shares one day before closing date of the buyback. I hope that your doubt is cleared. Santosh Singh ji may please pardon me for encroachment in between. Thank you.
Thank you Sir . I received the mail also with 888 shares as on record date . opportunity was there so I sold it . Price came down now and I will renter it on Monday .
I have 900 Goldium @ 966. Is it good for long term sir? 50 % of my portfolio( I have already booked 5L profit from Goldium, Re entered). Thank you sir
May I know how many shares I can apply for buy back sir? ( I have goldiam 966 shares @ 966)
Don’t know if that’s correct… always calculate shares count based on buyback price..
In Eclerx case 200000/2850 = 70
As on record date shares should be max 70, else holder will out of retail category, and AR will be much less.
I am reproducing herewith for the benefit of readers What an expert (I believe) Santosh Singh Ji has explained it in another site as under:
As defined under Regulation 2(i)(n) of the Buyback Regulations, a “Small Shareholder” is a Shareholder who holds Equity Shares whose market value, on the basis of closing price on Stock Exchanges as on Record Date, is not more than ₹ 200,000/- (Rupees two hundred thousand only). For example, as on the Record Date, the volume of Equity Shares traded on BSE was 15,887 and on NSE was 1,14,137 Equity Shares. Accordingly, NSE, being the stock exchange with highest trading volume, the closing price at NSE was ₹ 184.40 and hence all Shareholders holding not more than 1,084 Equity Shares (200000/ Rs.184.40= 1084.60) as on the Record Date are classified as ‘Small Shareholders’for the purpose of the Buyback Offer…..
Thus Record date is the criteria as detailed above. Hope it is clear now to act accordingly to ensure that you enjoy the advantage of the retail category.
Board of directors are meeting on September 13th to consider the proposal for the buyback of shares as the earlier meeting has disapproved the buyback of shares @Rs.675/-. Let us wait and see the outcome of the board meeting n particulars. Please don’t be hasty to purchase the shares without having the details on hand. Thank you.
Retail acceptence ratio is very less. Risky investment.
Company management has disapproved the buyback.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/443b44c5-9ca9-4da4-a918-d151bda7b3db.pdf
Goldiam Buyback is cancelled by company.
Star Cement Ltd. share buyback
Record date 25/08/2021
Buyback price. Rs.150/-
Process. Through Tender Offer
The share price of Goldiam buyback is 660 now. It is very near to the buyback price….
Sir, I have sold all my holdings @Rs. 670/-. No regrets even if the rate goes higher.
Good. Profit booking is very much required in stock market…
Thank you very much, sir
R SYSTEMS INTERNATIONAL IS PROPOSED BUYBACK AND MEETING ON 09 AUG.2021
Buyback price Rs 225/-
Record date 27/8/2021
Process Through Tender offer
Buyback Size 13,33,000 shares
Umesh ji, pray for your kind guidance and views regarding the buyback of the shares.
Sir,
Meeting was held today as scheduled. It was on 06/8/2021 only.
Balrampur chini is proposing buyback meeting on 09/08/21
Should we Buy? Paliwal Sahib?
Nothing left on table bro
Risk reward ratio is not great
Buyback at Rs 675 through Tender offer
Buyback @ 675