Goldiam International Limited announces a share repurchase program. Under the program, the company will repurchase up to 2,179,493 shares, with a face value of Rs. 2, representing 2% for INR 326.92 million. The shares will be repurchased at a price of INR 150 per share. Goldiam International Limited Buyback 2023 offer has already been started from July 27th and it closes on 02nd August, 2023.
Established in 1986, Goldiam International Limited is a prominent player in the jewelry manufacturing and export industry, with a global presence. Renowned as a luxurious diamond jewelry exporter, the company caters to worldwide markets. It operates as an Original Equipment Manufacturer (OEM) for jewelry products, supplying to international retailers.
Goldiam stands out by offering comprehensive 360-degree services to its retail partners across the USA, Europe, and various other countries. The company prides itself on employing cutting-edge technology and precision tooling to produce its jewelry items. Some of its exquisite products include Engagement Rings, Wedding bands, Bridal sets, Fashion Jewelry, Earrings, and Pendants. The company has established sales offices in key locations, namely the US east coast, Hong Kong, and Mumbai. Furthermore, Goldiam caters to online customers by selling its products through e-commerce channels.
Goldiam International Limited Buyback 2023 – Offer Details
| Offer Type | Tender Offer |
| Record Date | July 21, 2023 |
| Buyback Starts | July 27, 2023 |
| Buyback Ends | August 02, 2023 |
| Number of Shares | 2,179,493 Equity Share |
| Face Value | Rs. 2/- |
| Buyback Price | Rs. 150 per equity shares |
| Maximum Buyback Size | Rs.32.69 Crore |
| Last date for the extinguishment of equity | August 22, 2023 |
| Broker of the company | Keynote Capitals Limited |
| Designated Stock Exchange | NSE, BSE |
Goldiam International Limited Buyback 2023 – Necessity of the Buyback
According to the company, the following are the key objectives of this buyback:-
- The Company sees potential for its future business activities not being accurately reflected in the current market price. Therefore, the Buyback aims to create long-term value for shareholders.
- The Buyback will improve financial ratios like earnings per share and return on equity by reducing the Company’s equity base, resulting in enhanced overall returns for shareholders.
- Eligible equity shareholders can choose to participate in the Buyback and receive cash for their shares (Option A) or opt out and enjoy a higher percentage shareholding in the Company after the Buyback, without needing additional investment (Option B).
Goldiam International Limited Buyback – Shareholding Pattern
Click here to see the shareholding pattern of Goldiam International Limited.
Goldiam International Limited Buyback – Company Financials
Click here to see the consolidated and standalone financial report of the company.
Goldiam International Buyback 2023 – Manager of the Buyback
Manager to this buyback offer by Goldiam International Limited is Keynote Financial Services Ltd.
Goldiam International Buyback 2023 – Registrar of the Buyback
Registrar to this buyback offer by Goldiam International Limited is Link Intime India Private Ltd
Goldiam International Buyback 2023 – Letter of Offer
Click here to read the letter of offer of this buyback offer by Goldiam International Limited.
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