Established in 1999, Godawari Power & Ispat Ltd. (GPIL) stands as a pioneering member of the esteemed HIRA Group of Industries. The company’s inception aimed at establishing an integrated steel plant coupled with captive power generation.
At the forefront of the Raipur-based Hira Group of Industries, GPIL holds a prominent position within the long-product realm of the Steel industry, particularly excelling in the production of mild steel wire. As a comprehensive entity, GPIL serves as a complete manufacturer of mild steel wires.
Godawari Power & Ispat Ltd. Stock #
- Open: ₹559.00
- High – Low: ₹584.60 – ₹556.90
- Previous Close: ₹557.05
- Total Traded Value: 8,31,553
- 52 Weeks High: ₹597.05 (Aug 03, 2023)
- 52 Weeks Low: ₹226.50 (Oct 24, 2022)
- Updated On: Aug 10, 2023 4:00 PM
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odawari Power and Ispat Buyback 2023 Detail #
Issue Period Apr 10, 2023 – Apr 17, 2023 Security Name Godawari Power & Ispat Limited Issue Type Tender Offer Issue Size (Shares) 5,000,000.00 Issue Size (Amount) ₹250.00 Crores Buyback Price ₹500 per share Face Value ₹5 per share Listing At BSE, NSE Godawari Power and Ispat Buyback 2023 Issue Timetable #
Last Date to buy shares Mar 29, 2023 Record Date Mar 31, 2023 Offer Opens On Apr 10, 2023 Last Date for receipt of Tender Forms Apr 17, 2023 Offer Closes On * Apr 17, 2023 Finalisation of Buyback Acceptance Apr 21, 2023 Last Date for settlment of bids Apr 24, 2023 Last Date for Extinguishment of Shares May 4, 2023 Buyback Ratio #
Category Entitlement Ratio of Buyback Shares Offered Reserved Category for Small Shareholders 3 Equity Shares out of every 29 Fully paid-up Equity Shares held on the Record Date. 750,000.00 General Category for all other Eligible Shareholders 11 Equity Shares out of every 346 Fully paid-up Equity Shares held on the Record Date. 4,250,000.00 Company Financials #
Godawari Power & Ispat Limited Financial Information (Restated Consolidated) Period Ended Total Assets Total Revenue Profit After Tax 31-Mar-21 3,473.55 3,961.03 654.51 31-Mar-22 4,889.93 5,428.55 1,467.31 Amount in ₹ Crore Stock price at BSE (in preceding 3 months) #
Month High Price Low Price Average Price Feb-2023 404.95 338.00 368.50 Jan-2023 415.15 367.65 398.77 Dec-2022 381.95 313.20 348.80 Stock price at NSE (in preceding 3 months) #
Month High Price Low Price Average Price Feb-2023 404.55 337.85 368.58 Jan-2023 415.40 367.70 398.83 Dec-2022 382.00 306.75 348.93 Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
- The buyback will help the company to optimize its capital structure.
- The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as “small shareholders”.
- The buyback may help in improving financial ratios like earnings per share, return on capital employed, and return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Godawari Power and Ispat Buyback 2023 Documents #
Company Contact Information #
Godawari Power & Ispat Limited
428/2, Phase-I,
Industrial Area,
Siltara – 493111 Dist. RaipurPhone: +91 771 4082333 / 40
Email: contact@gpil.in
Website: http://www.godawaripowerispat.comGodawari Power and Ispat Buyback 2023 Registrar #
- Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: gpil.buyback@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Godawari Power and Ispat Buyback 2023 Manager #
Lead Manager(s)
