Godawari Power & Ispat of ₹301 crores approved by the board of directors at the meeting was held on June 28, 2024. Godawari Power & Ispat 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 ₹1400 per Equity Share and for an aggregate amount not exceeding ₹301 crores from the shareholders. Check out Godawari Power & Ispat Buyback 2024 details below:
Godawari Power & Ispat Limited is a leading fully integrated steel company in India, operating across the entire steel value chain. From extracting iron ore at its owned mines to producing high-value steel products and iron ore pellets, the company is well-known for its reliable and effective manufacturing processes. Through investments in clean technologies and ethical business practices, it places a strong emphasis on sustainability. Godawari Power & Ispat Limited keeps innovating and growing while maintaining an emphasis on quality and customer satisfaction. The company manages its debt gradually and makes smart reinvestment to help it navigate market cycles.
Godawari Power & Ispat History
Godawari Power & Ispat Buyback 2024 Dates
| Buyback Meeting Date: | June 15, 2024 |
| Buyback Announcement Date: | June 15, 2024 |
| Buyback Record Date: | June 28, 2024 |
| Last Date to Buy Shares: | June 27, 2024 |
| Buyback Open Date: | July 2024 |
| Buyback Close Date: | July 2024 |
| Finalization of Buyback Acceptance: | July 2024 |
Godawari Power & Ispat Buyback 2024 Offer Details
Godawari Power & Ispat of 215,000 equity shares at a price of ₹1400 per equity share. The buyback offers not to exceed ₹301 crores of the total buyback offer size.
| Offer Amount: | ₹301 Crores |
| Number of Shares: | 215,000 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹1400 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Godawari Power & Ispat Buyback 2024 Acceptance Ratio
The investor should buy around 143 shares at a current market price of ₹1078 (as of June 14, 2024). The calculation will be ₹2,00,000 / ₹1400 buyback price = 143 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹154,154 | 47 | ₹15,134 |
| 50% | ₹154,154 | 71 | ₹22,862 |
| 75% | ₹154,154 | 107 | ₹34,454 |
| 100% | ₹154,154 | 143 | ₹46,046 |
Godawari Power & Ispat Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹3949 | ₹2812 | ₹655 |
| 2022 | ₹5397 | ₹3529 | ₹1467 |
| 2023 | ₹5745 | ₹4612 | ₹793 |
| 2024 | ₹5455 | ₹4127 | ₹936 |
How to Participate in Godawari Power & Ispat Buyback 2024
The investors are eligible for the buyback scheme who have Godawari Power & Ispat shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Godawari Power & Ispat Buyback 2024 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 scheme.
Godawari Power & Ispat Buyback 2024 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/initial_offer/public-issues.html
Godawari Power & Ispat Buyback 2024 Lead Managers
- Mark Corporate Advisors Private Limited
Godawari Power & Ispat Company Address
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 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 Application Form.
How to Apply the Godawari Power & Ispat through Upstox?
Log in to Upstox Application with your credentials. Select the Godawari Power & Ispat. 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 Application Form.
How to Apply the Godawari Power & Ispat through Godawari Power & Ispat Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Godawari Power & Ispat. Enter your Quantity and submit Godawari Power & Ispat Application Form.
