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 Offer Amount:||₹ 45 Cr|
|Date of Board Meeting approving the proposal:||Jul 21 2021|
|Date of Public Announcement:||Jul 21 2021|
|Buyback Offer Size:||3%|
|Buyback Number of Shares:||6,65,248|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 675 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr.)||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20||Mar-21|
|Profit before tax||42||31||33||68||62||97|
|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:
|Amount Invested in Buyback||1,71,680||1,71,680||1,71,680||1,71,680|
|No. of Shares buyback||98||148||222||296|