Godawari Power & Ispat Buyback of ₹250 crores approved by the board of directors at the meeting was held on March 18, 2023. Godawari Power & Ispat Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹5 each equity share at a price of ₹500 per Equity Share and for an aggregate amount not exceeding ₹250 crores from the shareholders. Check out Godawari Power & Ispat Buyback 2023 details below:
Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., formally Ispat Godawari Ltd (IGL), a pioneer constituent belonging to HIRA Group of Industries, Raipur, C.G. was incorporated in 1999 to set up an integrated steel plant with captive power generation under the guidance of visionary leadership of Mr. B. L. Agrawal, Managing Director, a techno commercial visionary having proven wide experience in commissioning & running of Cement Plant, Sponge Iron Plant etc., backed by a dedicated team of professionally qualified personnel under the stewardship of Board of Directors having expertise in Engineering finance administration GPIL is listed with the National Stock Exchange and Bombay Stock Exchange.
GPIL is a flagship Company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least iron ore pellets. GPIL is also awarded rights for Iron Ore Mining for captive consumption, as a result of which, the company has managed to traverse the entire value chain (raw material to final product) in steel wires and has now become a fully integrated steel manufacturer.
Godawari Power Buyback History
- Godawari Power & Ispat buyback was in October 2008.
Godawari Power Buyback 2023 Dates
| Buyback Meeting Date: | March 18, 2023 |
| Buyback Announcement Date: | March 18, 2023 |
| Buyback Record Date: | March 31, 2023 |
| Buyback Open Date: | April 10, 2023 |
| Buyback Close Date: | April 17, 2023 |
| Finalization of Buyback Acceptance: | April 21, 2023 |
Godawari Power Buyback2023 Offer Details
Godawari Power & Ispat buyback of 50,00,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹250 crores of the total buyback offer size.
| Offer Amount: | ₹250 Crores |
| Number of Shares: | 50,00,000 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Godawari Power & Ispat Buyback 2023 Acceptance Ratio
The investor should buy around 400 shares at a current market price of ₹390 (as of March 17, 2023). The calculation will be ₹2,00,000 / ₹500 buyback price = 400 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹156,000 | 132 | ₹14,520 |
| 50% | ₹156,000 | 200 | ₹22,000 |
| 75% | ₹156,000 | 300 | ₹33,000 |
| 100% | ₹156,000 | 400 | ₹44,000 |
Godawari Power & Ispat Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹2,777 | ₹2,488 | ₹121 |
| 2021 | ₹3,646 | ₹2,644 | ₹626 |
| 2023 | ₹5,093 | ₹3,212 | ₹1351 |
How to Participate in Godawari Power & Ispat Buyback 2023
The investors are eligible for the buyback scheme who have Godawari Power & Ispat shares in their Demat Account before the record date. Eligible Share Holders can participate in the Godawari Power & Ispat Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Godawari Power & Ispatepted shares by the company under the Godawari Power & Ispat buyback scheme.
Godawari Power & Ispat Buyback 2023 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Godawari Power & Ispat Buyback 2023 Lead Managers
- Mark Corporate Advisors Private Limited
Godawari Power & Ispat Company Address
Company Contact Information
Godawari Power & Ispat Limited
428/2, Phase-I,
Industrial Area,
Siltara – 493111 Dist. Raipur
Phone: +91 771 4082333 / 40
Email: [email protected]
Website: http://www.godawaripowerispat.com
How to Apply the Godawari Power & Ispat Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Godawari Power & Ispat”. Click on Place Order. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
How to Apply the Godawari Power & Ispat Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Godawari Power & Ispatount Section. You will see the Company Name “Godawari Power & Ispat”. Click on Godawari Power & Ispat Stock for Buyback. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
How to Apply the Godawari Power & Ispat Buyback through Godawari Power & Ispat Money?
Log in to Godawari Power & Ispat Money Application with your credentials. Select the Godawari Power & Ispat. Enter your Quantity and submit Godawari Power & Ispat Buyback Application Form.
