November 26, 2021 - December 9, 2021

Goldiam International Limited Buyback (Goldiam International Buyback) Detail

Incorporated in 1986, Goldiam International Limited is engaged in the manufacturing and exporting of Jewellery around the globe. It is a renowned global exporter of luxurious diamond jewelry globally. The company is an Original Equipment Manufacturers (OEM) of jewelry products and provides its products to global retailers. The company provides 360-degree services to its retail partners in the USA, Europe, and other countries and employs the latest technology and precision tooling, for producing its products. Some of the company products are Engagement Rings, Wedding bands, Bridal sets, Fashion JewelryEarrings + Pendants, etc.
Goldiam has its sales offices on the US east coast, Hong Kong, and Mumbai. The company also sells its products online.

Goldiam International Buyback Detail

Issue Period	November 26, 2021 - December 9, 2021
Security Name	Goldiam International Limited
Issue Type	Tender Offer
Issue Size (Shares)	380,000
Issue Size (Amount)	₹45.60 Crores
Buyback Price	₹1200 per share
Face Value	₹10 per share
Listing At	BSE, NSE

Goldiam International Buyback Issue Timetable

Record Date	October 27, 2021
Offer Opens On	November 26, 2021
Last Date for receipt of Tender Forms	December 9, 2021
Offer Closes On *	December 9, 2021
Finalisation of Buyback Acceptance	December 17, 2021
Last Date for settlment of bids	December 20, 2021
Last Date for Extinguishment of Shares	December 27, 2021

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information standalone)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,335.92	1,728.06	1,806.41
Profit After Tax	305.13	190.42	195.79

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2021	1,074.00	710.80	861.61
Aug-2021	790.00	584.30	690.16
Jul-2021	620.00	441.00	554.36

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Sep-2021	1,075.00	712.90	861.47
Aug-2021	789.00	595.00	690.09
Jul-2021	617.00	441.00	554.57

Necessity of the Issue

The Buyback aims to:
i) help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
iii) in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the Company.

Goldiam International Buyback Documents

Letter of Offer

Goldiam International Buyback Rating

3.0

Rating:

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Goldiam International Buyback Reviews

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Company Contact Information

Goldiam International Limited
Seepz,
Andheri (east),
Mumbai - 400 096, India.

Phone: + 91 22 28291893
Email: rashesh@goldiam.com
Website: http://www.goldiam.com/

Goldiam International Buyback Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: goldiam.buyback2021@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Goldiam International Buyback Manager

Lead Manager(s)

Keynote Financial Services Ltd

Find Goldiam International Buyback Latest Update

Goldiam International Buyback FAQs

The Goldiam International Buyback opens on November 26, 2021, and closes on December 9, 2021.

The Goldiam International Buyback last day to buy is not available as of now.

The Goldiam International Buyback is a Tender Offer.

Goldiam International Buyback Schedule

Buyback Opening Date	November 26, 2021
Buyback Closing Date	December 9, 2021
Last Date for receipt of Tender Forms	December 9, 2021
Finalisation of Buyback Acceptance	December 17, 2021
Last Date for settlment of bids	December 20, 2021
Last Date for Extinguishment of Shares	December 27, 2021

The Goldiam International Buyback is being offered at Rs ₹1200 per share per equity share.

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	20 Equity Shares out of every 313 fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	9 Equity Shares out of every 593 fully paid-up Equity Shares held on the Record Date.

The record date for the Goldiam International Buyback is October 27, 2021.

The issue size of Goldiam International Buyback is of 380,000 equity shares at ₹1200 per share aggregating upto ₹45.60 Crores.

Letter of Offer

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Goldiam International Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.

11 Comments

11. KAMMA SIVA RAMA KRISHNA Link|December 17, 2021 5:50:29 PM

AR 13/200. A very very disappointing.

Load more comments (21 replies)

11.1. Ayush Jindal Link|December 17, 2021 7:45:36 PM

Sir any idea about AR in Retail?

11.2. KAMMA SIVA RAMA KRISHNA

1| Link|December 17, 2021 9:15:37 PM

Sir,
No idea. Sorry for disappointing you.

11.3. Ayush Jindal Link|December 18, 2021 12:00:42 AM

KSRK Sir Ji,
You are like my mentor and I can definitely say that you have more experience than me in this market and moreover you are my elder. So I request you kindly don't use words like Sir and sorry for me.

I wish I always get your guidance and wisdom in the future. And I really want to meet you face to face whenever you visit India so that I can have your blessings!

11.4. Sachin

1| Link|December 18, 2021 7:45:13 AM

50% accepted in retail

11.5. KAMMA SIVA RAMA KRISHNA

2| Link|December 18, 2021 8:46:43 AM

Dear Ayush Jindal,
Thank you for your kind n affectionate words. Blessings will always be there to you even if we don’t meet in person. I am a resident of Hyderabad only. Thank you n all the best in all your deeds.

11.6. KAMMA SIVA RAMA KRISHNA

1| Link|December 18, 2021 8:49:33 AM

Sachin ji,
Thank you very much for your kind response.

11.7. Unknwon Link|December 18, 2021 10:26:49 AM

89/180...way better than expected. thank you.

11.8. KAMMA SIVA RAMA KRISHNA

1| Link|December 18, 2021 11:08:55 AM

Unknwon ji,
Congratulations.Good going. All the best. In my case, due to unexpected price raise on the Record Date, my holdings considered under General Category. Thank you.

11.9. Unknwon Link|December 18, 2021 11:42:49 AM

@KSRK Ji

I wholeheartedly wish that we see the same rise in price soon and sell the shares on good profit. God Bless.

Regards

11.10. KAMMA SIVA RAMA KRISHNA

1| Link|December 18, 2021 5:56:35 PM

Unknwon ji,
Hopefully looking forward. Thank you.

11.11. Rohit P Link|December 22, 2021 1:15:11 PM

How it is possible? 13/200 Can you please explain

55.24% (1.81 times) is in Small Shareholder category
26.24% (3.81 times) is in General Shareholder category

Please check this filing - https://www.bseindia.com/xml-data/corpfiling/AttachLive/21fb5e03-b191-4126-88c6-67a182b84679.pdf

For your information, I have 4 shares with 0 ER and have a 50% buyback ratio as small shareholder so I am totally confused.

11.12. KAMMA SIVA RAMA KRISHNA

1| Link|December 22, 2021 8:37:16 PM

Sir,
I was holding 200 shares as on the record date. On that day, the price was raised to more than Rs.1000/-.Hence, my holdings are categorised under the general category as the value increased to more than Rs. 2 lakhs. Only 13 shares are accepted and 187 shares are credited back to my Dmat account. I hope you have followed. Thank you.

11.13. Rohit P Link|December 22, 2021 8:52:57 PM

I understand you fall in General Category but AR is 26.24% (3.81 times) so you must have gotten 52 shares buyback not 13.

11.14. KAMMA SIVA RAMA KRISHNA Link|December 22, 2021 9:38:03 PM

Sir,
I don’t know why it happened to me like that.

11.15. Rohit P Link|December 22, 2021 9:52:36 PM

I suggest you to please check the email received from goldiaminter.buybackoffer@linkintime.co.in which shows the entitlement ratio along with the order email which you have placed on the exchange.
Also, you can complain to Linktime for the correction of buyback.

11.16. KAMMA SIVA RAMA KRISHNA

1| Link|December 22, 2021 10:31:29 PM

Sir,
Thank you for your concern. While intimating the ER also, they have shown my holdings as 200 shares as on the record date and 3 shares are shown as entitlement. In the post buyback mail, it was shown 13 shares as accepted and 187 shares as unaccepted. I have seen the mail you have referred to wherein the AR is around 25% for General Category. My past such experience has not yielded any fruitful result stating that the buyback process is already completed. Hence, I believe that it is of no use even if the registrar/ Manager of the Buyback is addressed in this regard.
Once again I wholeheartedly appreciate your kindness in sharing your views.

11.17. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 3:50:44 PM

Sir, my query, their reply and my response are as under. Please guide me what I have to do further.
Sir,
On seeing the post buyback communication sent to the NSE and BSE by the company, I have noticed that the acceptance in general category is around 25%. But only 13 shares are accepted out of the 200 shares held on the record date and tendered for the buyback. 187 unaccepted shares are credited to my Dmat account.
Please verify and do the needful to rectify the irregularity and accept the due shares in consultation with the broking agent i.e., ICICI SECURITIES (303028-66257294)
Hoping for an early response and favourable action from your end.
Thank you,
Yours sincerely,
SYAMALA DEVI KAMMA
DPID. IN 303028 DP 66257294
of ICICI SECURITIES

Dear Investor,
Please note that in case there are any Equity Shares left to be bought back in the General Category, the Additional Equity Shares tendered by the other Eligible Shareholders over and above their Buyback Entitlement are Accepted in proportion of the Additional Equity Shares tendered by them and the acceptances per shareholder is made in accordance with the Buyback Regulations, i.e. valid acceptances per shareholder will be equal to the Additional Equity Shares validly tendered by the Eligible Shareholders divided by the total Additional Equity Shares validly tendered in the General Category and multiplied by the total pending number of Equity Shares to be Accepted in General Category.
Regards

Sir,
Where is the question of accepting additional shares? I am talking about initial short acceptance only. Furnishing some reply without properly going through the query speaks volumes of your callous n negligence. Please verify once again and let me know why only 13 shares are accepted against my holding of 200 shares as on the record date.
SYAMALA DEVI KAMMA
DPID 303028 66257294 of ICICI SECURITIES

11.18. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 3:57:04 PM

“their reply”may please be read as “Linkintime’s reply”

11.19. Unknwon Link|December 27, 2021 3:57:34 PM

KSRK Ji,
I would say keep the fight on...these issues takes time but gets resolved.
In case its still not resolved, pls complaint to sebi. the process is as per the link https://investor.sebi.gov.in/inv-grie-redre.html.
Frankly, i personally don't have any experience with this SEBI complaint system, but I would done the same as I mentioned above in case of an issue like this.
Wishing you luck here, Regards

11.20. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 4:04:13 PM

Unknwon ji,
Thank you very much for your kind concern n advice. I will definitely pursue till I get proper response.

11.21. Ayush Jindal Link|December 27, 2021 10:16:59 PM

KSKR Sir Ji,
Sir, you are already aware of the process of buyback. The complaint raised by you is not valid. Let me explain to you the process of buyback again.

First Priority:- 100% Entitled shares accepted.
Second Priority:- Who was entitled to 'Zero shares'.
Third Priority:- After accepting entitled and single shares as mentioned above, additional equity shares are taken into account and accepted proportionately.

As per LOF Entitlement ratio in General Category was 9 out of 593 Shares. The buyback size was 3,23,000 shares for the general category. Promoters have 1,46,94,672 shares and entitled to tender 2,23,000 as per entitled ratio.

On the basis of priority mentioned above after accepting the promoter's entitled shares the balance no. of shares left as 1,00,000 shares (323000-223000). Now refer to notice of post buyback in which you will find valid bids was of 12,37,607 in general category assuming that out of this figure 2,23,000 shares belong to the promoter balance left as 10,14,607 shares.

Based on the assumption:-
Now 10,14,607 shares were entitled to 15,400 shares on the basis of the 9/593 ratio. Now after deducting 223000 and 15400 from 323000 we are left with 84,600 shares and valid bids shares left are 9,99,207 shares. Based on third priority 84600/999207= 8.46% extra shares will be accepted over and above of entitled ratio. Moreover, 8.46% will get reduced to 5% assuming that another HNI investor has also tendered their entitled portion only as the promoter did.

Now you have 200 Shares. First, your 3 shares were accepted then out of your 197 shares 5% more additional shares were accepted i.e. 10 approx. So, the total shares accepted are 13 out of a total of 200.

I hope now you understand the reason behind the AR of 6.5% in your case.

Regards,
Ayush Jindal

11.22. KAMMA SIVA RAMA KRISHNA

1| Link|December 27, 2021 10:32:02 PM

Dear Ayush Jindal,
I am grateful to you for enlightening me regarding the basis of acceptance of shares for the buyback. I wholeheartedly appreciate your knowledge in this regard n kindness to elaborately explain the process. Please keep it up. God blesses you with all the best. Thank you once again.

11.23. Ayush Jindal Link|December 27, 2021 10:43:42 PM

KSKR Sir Ji,
Thank you for your kind and affectionate words. And wishing you a Very Happy New Year 2022.

10. Ayush Jindal Link|December 27, 2021 8:29:05 PM

10.1. KAMMA SIVA RAMA KRISHNA Link|December 27, 2021 10:37:40 PM

Dear Ayush Jindal,
I am extremely sorry for the delay in responding to your post which might be the reason for your repeated one. Thank you

9. Ayush Jindal Link|December 18, 2021 8:56:32 AM

KSRK Sir Ji,
Thank you very much!

8. BSC Link|October 27, 2021 1:04:59 PM

today 27th oct is record date...i held few shares till ex date 26 october. i sold all of them on record date(today). Am i eligible for buyback?

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8.1. KAMMA SIVA RAMA KRISHNA Link|October 27, 2021 9:37:04 PM

Sorry to say “No”. I hope that you have sold@ not below Rs.1100/- and gained reasonably good profit. Thank you.

8.2. Ou Ai Link|October 28, 2021 12:43:20 PM

Ex date being 26th , you sold on 27th. Shares will be debited to your Demat account on 28th. So you are eligible for buy back as you held on record date. Those who sold on 26th too are eligible as it is ex date. Their shares will be debited after record of shareholders is given by the exchange on 27th.

8.3. BSC Link|October 28, 2021 12:44:42 PM

Thanks dear @ kamma siva rama krishna ......sold at 1095 and satisfied with the marginal profits.

8.4. Unknwon Link|October 28, 2021 3:06:59 PM

@KSRK Ji...have you sold your Goldiam shares or holding?

8.5. KAMMA SIVA RAMA KRISHNA Link|October 28, 2021 3:10:11 PM

50% sold at the average price of Rs.1110/-

8.6. KAMMA SIVA RAMA KRISHNA

1| Link|October 28, 2021 3:21:41 PM

Ou Ai ji,
Is it so? My one past experience is that the shares sold on record date were not considered holdings as on record date for the purpose of the buyback as seen from the offer letter wherein the No. of shares held on record date and the No. of shares entitled for the buyback were mentioned. Of course, I once again reiterate that I am not an expert in this regard. Thank you.

8.7. BSC Link|October 28, 2021 3:23:12 PM

@ Ou Ai Thats what i thought....i am still not sure...Hope you are right

8.8. Unknwon Link|October 28, 2021 4:19:33 PM

I think @Ou Ai is correct

8.9. bsc Link|November 16, 2021 1:11:38 PM

i got the mail of entitlement....So, the concept cleared...if you sell on record date...you remain entitled

8.10. KAMMA SIVA RAMA KRISHNA

1| Link|November 16, 2021 1:45:03 PM

Having seen the upward trend in the share price on the Record Date, I have sold some shares to remain under the retail category thinking that they will be debited on that day itself ( In one case it was happened hence I thought in that way). But it is not so. The result is that I am not covered under retail category. You all know the consequences. Sometimes it happens. No problem. Thank you.

8.11. KAMMA SIVA RAMA KRISHNA Link|December 17, 2021 6:24:45 PM

AR is 13/200 due to non retail category. OK. No problem.

7. Shreyasagrawal Link|November 17, 2021 4:43:53 PM

I sold the share on 26 oct , why i recived the mail of entitlement from goldiam company? can i eligible now or not?

7.1. KAMMA SIVA RAMA KRISHNA Link|November 17, 2021 6:24:29 PM

Sir,
Please refer to the reply dated 28/10 by Ou Ai to the query dated 27/10 of BSC. As per that reply, you are eligible. All the best.

7.2. Girish prasad Tiwari Link|December 1, 2021 9:23:39 PM

As per t+2 you are eligible for same

6. NITEENIPO Link|November 16, 2021 11:04:47 AM

Received email from company :

Number of Equity Shares held by you on the Record Date being Wednesday, October 27, 2021 : 115

Entitlement for Buyback Offer in terms of number of Equity Shares : 7

Buyback Opening Date : Friday, November 26, 2021

Buyback Closing Date : Thursday, December 09, 2021

5. KAMMA SIVA RAMA KRISHNA Link|November 9, 2021 10:58:58 AM

I think that the CMP of Rs. 950/- is a good opportunity to purchase the shares to tender for the buyback, who have sold after the record date at a good profit. Thank you.

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5.3. KAMMA SIVA RAMA KRISHNA Link|November 9, 2021 3:40:58 PM

I have purchased half the shares, @ Rs.950/-, sold after the record date.

5.4. lokes

1| Link|November 11, 2021 12:38:10 AM

@niteenipo : if you dont want to take risk, then better wait for buyback offer letter to come to you. In that you will be knowing for how many shares you are entitled for sure then u can buy that much share only that time to tender in buyback.
Share price going down still so no need to take risk i feel by buying now based on assumption.

4. lokes Link|October 26, 2021 2:00:06 AM

By seeing the fall in eclerx shares, I couldn't dare to buy goldiam for buyback purpose only. This share has also a great run up in recent times so there may be a fall in prices from tomorrow, as last date to buy with buyback was 25th Oct

4.1. lokes Link|October 26, 2021 4:00:35 PM

this share is doing good today also then probably buyback participants will gain in this

3. Shreyasagrawal Link|October 23, 2021 4:11:12 PM

sir can i purchase share on 25 oct than i eligible to participate to buyback or not ?

3.1. lokes Link|October 23, 2021 9:22:53 PM

Yes you will be eligible to participate in buyback if purchase on 25th Oct ....
25th Oct is last date to buy for buyback.

3.2. Shreyasagrawal Link|October 24, 2021 10:39:33 PM

@lokes thanks sir

2. lokes

1| Link|October 19, 2021 1:59:57 PM

can anyone suggest that is it good bet for buyback or not?
if acceptance ratio for retail will be less then it can be a loss making deal is share price corrects after buyback

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2.3. lokes Link|October 22, 2021 12:57:00 AM

this goldiam price also moved 5-6 times in a year so it is also risky bet to buy now for buyback purpose, no idea when and how much these will fall if that happens

2.4. KAMMA SIVA RAMA KRISHNA Link|October 22, 2021 10:59:27 AM

Goldiam International is a unique one. Chances of further growth cannot be ruled out.

1. lokes Link|October 21, 2021 3:22:55 PM

@admin: can you please add option for "track replies" in buyback pages messages also.....as we are not getting any emails for replies for buyback messages so its not easy to follow up

Goldiam International Limited Buyback (Goldiam International Buyback) Detail

Goldiam International Buyback Detail

Goldiam International Buyback Issue Timetable

Buyback Ratio

Company Financials

Stock price at BSE (in preceding 3 months)

Stock price at NSE (in preceding 3 months)

Necessity of the Issue

Goldiam International Buyback Documents

Goldiam International Buyback Rating

Goldiam International Buyback Reviews

Company Contact Information

Goldiam International Buyback Registrar

Goldiam International Buyback Manager

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11 Comments

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