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 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:

We wish to inform you that the Board of Directors of Goldiam International Limited (the "Company") at its meeting held on September 13, 2021 has approved a proposal to buyback up to 3,80,000 equity shares (Three lakhs eighty thousand only) of the Company for an aggregate amount not exceeding Rs.45,60,00,000/- (Rupees Forty five crores sixty lakhs only) (hereinafter referred to as the "Buyback Size"), being 01.71 % of the total paid-up equity share capital and 19.35% of the total paid-up equity share capital . and free reserves of the Company based on the audited standalone financial statements of the Company as on March 31, 2021, at a price of Rs. 1,200/- (Rupees One thousand two hundred only) per equity share (hereinafter the "Buyback Price" and such buyback, the "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%
Source : Screener.in

How to Participate in buyback?

1. Firstly to be eligible for the buyback the investor should have shares of Goldiam International Buyback 2021 in demat or physical form as on record date [ 27.10.2021 ]. 2. Once you have shares in demat, you can participate in the buyback process which is opening from [ Not announced ].by selling your shares through your broker on NSE or BSE. 3. Then on [ Not available ], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 166 Shares at CMP of Rs. 966 (2,00,000/1200=166)
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:

Review and Recommendation of Goldiam International Buyback 2021 by IZ team is: 4/10 Fair: 1-5 Good:5-7 Excellent: 7-10 ER = 5-10%.

Registrar Contact Details:

M/s. Link Intime India Pvt. Ltd. C-101, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai - 400 083 E-mail: rnt.helpdesk@linkintime.co.in

31 Comments

    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 .

          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 .

        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.

    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….

      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.

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