Goldiam International Limited, founded in 1986, has established itself as a global leader in jewelry manufacturing and export. The company has gained a distinguished status as a major exporter of luxurious adornments globally, thanks to its opulent diamond jewelry goods. Goldiam International, an Original Equipment Manufacturer (OEM) specializing in jewelry, provides its magnificent creations to prestigious global merchants.
Distinguished by its commitment to excellence, the company provides a comprehensive suite of services that encompass the entire spectrum of the jewelry industry. Catering to retail partners across the USA, Europe, and various other nations, Goldiam International employs cutting-edge technology and precision tooling in the crafting of its exceptional products. Among its diverse offerings are Engagement Rings, Wedding Bands, Bridal Sets, Fashion Jewelry, Earrings, and Pendants, each reflecting a fusion of exquisite design and masterful craftsmanship.
Goldiam International Limited boasts a strategic presence with sales offices strategically situated along the US east coast, as well as in Hong Kong and Mumbai. In addition to its physical outlets, the company has embraced the digital era by offering its exceptional range of jewelry through online channels.
Goldiam International Ltd. Stock Quote #
- Open: ₹130.00
- High – Low: ₹132.40 – ₹128.40
- Previous Close: ₹132.70
- Total Traded Value: 5,28,227
- 52 Weeks High: ₹179.00 (Feb 01, 2023)
- 52 Weeks Low: ₹121.05 (Oct 25, 2022)
- Updated On: Aug 10, 2023 4:00 PM
Goldiam International Buyback 2023 Detail #
| Issue Period | Jul 27, 2023 – Aug 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 | Jul 20, 2023 |
| Record Date | Jul 21, 2023 |
| Offer Opens On | Jul 27, 2023 |
| Last Date for receipt of Tender Forms | Aug 2, 2023 |
| Offer Closes On * | Aug 2, 2023 |
| Finalisation of Buyback Acceptance | Aug 8, 2023 |
| Last Date for settlment of bids | Aug 9, 2023 |
| Last Date for Extinguishment of Shares | Aug 22, 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 #
Company Contact Information #
Gems & Jewellery Complex,
Santacruz Electronics Export Processing Zone,
Andheri (East), Mumbai‐400096Phone: + 91 22 28291893
Email: investorrelations@goldiam.com
Website: https://www.goldiam.com/
Goldiam International 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: goldiam.buyback@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
