Godawari Power & Ispat Limited Buyback 2024 (GPIL Buyback 2024)

Godawari Power & Ispat Limited Buyback 2024: Godawari Power & Ispat Limited (GPIL), part of the esteemed HIRA Group of Industries, has announced a significant buyback initiative aimed at enhancing shareholder value and optimizing its capital structure. (Godawari Power Buyback 2024)

Godawari Power & Ispat Limited Buyback 2024

Overview of Godawari Power & Ispat Limited Buyback 2024

Founded in 1999, GPIL operates as a leading player in the steel industry, particularly renowned for its expertise in mild steel wire production. Headquartered in Raipur, Chhattisgarh, the company has carved a niche in the market through its integrated steel plant and robust captive power generation capabilities.

AspectDetails
Issue TypeTender Offer
Issue Size (Shares)215,000
Issue Size (Amount)₹30.10 Crores
Buyback Price₹1400 per share
Face Value₹5 per share
Listing PlatformsBSE, NSE
Last Date to Buy SharesJune 27, 2024
Record DateJune 28, 2024
Offer Opens OnTo be announced
Offer Closes OnTo be announced
Finalisation of Buyback AcceptanceTo be announced
Settlement of BidsTo be announced
Last Date for Extinguishment of SharesTo be announced
Buyback RatioNot specified
Objectives of the BuybackReturn of surplus cash, optimize capital structure, benefit small shareholders
RegistrarLink Intime India Private Ltd
Registrar Contact+91-22-4918 6270
Registrar Emailgodawari.buyback2024@linkintime.co.in
Registrar WebsiteLink Intime India

Key Details of the Godawari Power & Ispat Limited Buyback 2024

  • Issue Type: Tender Offer
  • Issue Size: 215,000 shares, amounting to ₹30.10 crores (approximately 1.64% of total equity shares)
  • Buyback Price: ₹1400 per share
  • Face Value: ₹5 per share
  • Listing Platforms: BSE, NSE

Buyback Timeline and Process Of Godawari Power & Ispat Limited Buyback 2024

  • Last Date to Buy Shares: June 27, 2024
  • Record Date: June 28, 2024
  • Offer Opens and Closes: Specific dates for these stages are yet to be announced.
  • Finalization of Buyback Acceptance: This stage determines the final acceptance of tendered shares.
  • Settlement of Bids: Shareholders will receive payment for accepted shares.
  • Extinguishment of Shares: The shares bought back will be extinguished, reducing the total outstanding shares of GPIL.

Objectives of the Buyback

The buyback is intended to achieve several strategic goals:

  • Return of Surplus Cash: By buying back shares, GPIL aims to return excess cash to its shareholders.
  • Optimization of Capital Structure: Reducing the equity base can optimize GPIL’s capital structure.
  • Enhancing Financial Ratios: Improving metrics like earnings per share (EPS) and return on equity (ROE) through reduced outstanding shares.
  • Benefit to Small Shareholders: A reserved portion for small shareholders allows broader participation in the buyback.

Financial Performance Of Godawari Power & Ispat Limited Buyback 2024

GPIL has shown resilience in its financial performance despite market fluctuations:

  • Revenue Growth: ₹5,857.10 crores in FY 2023, showcasing a robust increase from previous years.
  • Profit After Tax (PAT): ₹793.36 crores in FY 2023, reflecting the company’s profitability amidst industry challenges.

How Shareholders Can Participate

  • Receive the Letter of Offer: Shareholders will receive detailed instructions via the Letter of Offer.
  • Submit Tender Forms: Fill out and submit tender forms as per the guidelines provided.
  • Consult with Advisors: Seek advice from financial advisors or brokers regarding participation and implications.

Contact Information and Registrar Details

For further queries or assistance related to the buyback, shareholders can contact:

  • Registrar: Link Intime India Private Ltd
  • Phone: +91-22-4918 6270
  • Email: godawari.buyback2024@linkintime.co.in
  • Website: Link Intime India

Review

The Godawari Power & Ispat Limited Buyback 2024 presents an opportunity for shareholders to enhance their investment returns and participate in the company’s strategic initiatives. By reducing outstanding shares and returning surplus cash, GPIL aims to strengthen shareholder value while optimizing its financial structure.

Stay informed about the latest developments and dates related to the buyback to make informed decisions regarding your investment in GPIL on IPOGMPToday.in

For more detailed information and updates on the buyback process, visit the official GPIL website at Godawari Power & Ispat Ltd.

FAQs Of Godawari Power & Ispat Limited (GPIL) Buyback 2024

What is the purpose of the Godawari Power & Ispat Limited Buyback 2024?

The buyback aims to return surplus cash to shareholders, optimize the company’s capital structure, improve financial ratios like EPS and ROE, and benefit small shareholders by allowing broader participation in the buyback process.

What type of buyback is Godawari Power & Ispat Limited conducting?

The buyback is a Tender Offer, where shareholders can tender their shares at a predetermined price.

Where are the shares of Godawari Power & Ispat Limited listed?

The shares are listed on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Rate this post

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Post

Advertisement

Zerodha Ads
Fyers
Scroll to Top