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August 2, 2023 - August 8, 2023

Ashiana Housing Limited Buyback (Ashiana Housing Buyback 2023) Detail

Incorporated in 1986, Ashiana Housing Limited is a builder entity engaged in the business for decades. The company has delivered homes to over 15000+ families.

Ashiana Housing Limited is a reknown name and was recognized amongst the Top 10 Real Estate Builders in 2020 and North India's No. 1 Caring Brand" in 2019.

The intent behind the idea of Ashiana Housing was to offer favourable and suitable housing facilities to the middle-class homeowners. The entity incorporates amenities that are generally observed in houses of higher income class. They offer top-quality construction, manicured lawns, expanse of greenery, children's play areas, swimming pools, clubs, and a variety of maintenance services.

The construction area of the company has be embraced in the following categories:

  • Senior Living
  • Kid Centric Homes
  • Premium Homes

Ashiana Housing Buyback 2023 Detail

Issue PeriodAugust 2, 2023 - August 8, 2023
Security NameAshiana Housing Limited
Issue TypeTender Offer
Issue Size (Shares)1,827,242
Issue Size (Amount)₹55.00 Crores
Buyback Price₹301 per share
Face Value₹2 per share
Listing AtBSE, NSE

Ashiana Housing Buyback 2023 Issue Timetable

Last Date to buy sharesJuly 27, 2023
Record DateJuly 28, 2023
Offer Opens OnAugust 2, 2023
Last Date for receipt of Tender FormsAugust 8, 2023
Offer Closes On *August 8, 2023
Finalisation of Buyback AcceptanceAugust 11, 2023
Last Date for settlment of bidsAugust 14, 2023
Last Date for Extinguishment of SharesAugust 22, 2023
* Last Date to Tender shares on Zerodha : August 7, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders19 Equity Shares out of every 277 Fully paid-up Equity Shares held on the Record Date.274,087.00
General Category for all other Eligible Shareholders20 Equity Shares out of every 1276 Fully paid-up Equity Shares held on the Record Date.1,553,155.00

Company Financials

Ashiana Housing Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211,339.19259.311.72
31-Mar-221,863.94233.59-7.04
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 206.80 177.00 187.48
May-2023 190.00 163.05 175.81
Apr-2023 187.40 165.15 176.20

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 207.80 175.65 187.56
May-2023 189.95 165.00 175.86
Apr-2023 187.50 165.15 176.20

Necessity of the Issue

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back will help in achieving an optimal capital structure.
  5. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose to not participate and enjoy a resultant increase in their percentage shareholding.

Ashiana Housing Buyback 2023 Documents

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Company Contact Information

Ashiana Housing Limited
304, Southern Park,
Saket District Centre,
Saket, New Delhi - 110017

Phone: 11 4265 4265
Email: sales@ashianahousing.com
Website: https://www.ashianahousing.com/

Ashiana Housing Buyback 2023 Registrar

  1. Beetal Financial & Computer Services (P) Limited
       Beetal House, 3rd Floor,
       99, Madangir, Behind Local Shopping Centre,
       New Delhi - 110062

    Phone: +91 11 29961281
    Email: beetal@beetalfinancial.com
    Website: http://www.beetalmail.com/smeipo

Ashiana Housing Buyback 2023 Manager

Lead Manager(s)

  1. Emkay Global Financial Services Ltd

Registered Broker

  1. Emkay Global Financial Services Limited
    Email: ahl.buyback@emkayglobal.com

Find Ashiana Housing Buyback 2023 Latest Update

Ashiana Housing Buyback 2023 FAQs

The Ashiana Housing Buyback 2023 opens on August 2, 2023, and closes on August 8, 2023.

Last date to be eligible to participate in buyback is July 27, 2023.

The Ashiana Housing Buyback 2023 is a Tender Offer.

Ashiana Housing Buyback 2023 Schedule

Buyback Opening DateAugust 2, 2023
Buyback Closing DateAugust 8, 2023
Last Date for receipt of Tender FormsAugust 8, 2023
Finalisation of Buyback AcceptanceAugust 11, 2023
Last Date for settlment of bidsAugust 14, 2023
Last Date for Extinguishment of SharesAugust 22, 2023

The Ashiana Housing Buyback 2023 is being offered at Rs ₹301 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders19 Equity Shares out of every 277 Fully paid-up Equity Shares held on the Record Date.274,087.00
General Category for all other Eligible Shareholders20 Equity Shares out of every 1276 Fully paid-up Equity Shares held on the Record Date.1,553,155.00

The record date for the Ashiana Housing Buyback 2023 is July 28, 2023.

The issue size of Ashiana Housing Buyback 2023 is of 1,827,242 equity shares at ₹301 per share aggregating upto ₹55.00 Crores.

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back will help in achieving an optimal capital structure.
  5. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose to not participate and enjoy a resultant increase in their percentage shareholding.

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 Ashiana Housing Buyback 2023 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.


9 Comments

9. Rahul dewangan     Link|August 11, 2023 9:17:59 PM
Ashiana housing ka acceptance ratio kya aaya
9.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|August 11, 2023 10:50:11 PM
115/550. Around 21% AR. All the best to all of you.
9.2. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|August 14, 2023 9:15:00 PM
Sold out all the unaccepted 435 shares @ Rs.202.90, keeping in view my financial limitations n constraints. Reasonable profit earned. Thank you n all the best to all of you.
8. CA.Ganapati S Hegde     Link|August 14, 2023 7:19:53 PM
23/108 accepted i.e 21%
7. Gaurav Kashyap     Link|August 10, 2023 12:29:37 PM
Hello Experts,
From closing of buyback to payment, how many days it take?
6. Aditya     Link|July 25, 2023 12:51:17 PM
Dear Sir, Duration of buy back process means (buy back record date to payment paid by the company to the shareholder, how long does the company take for this process??? please clear my doubt

Thanks & Regards
Aditya
6.1. Varun Singla     Link|July 28, 2023 8:20:46 PM
As per new guidelines, buyback should be completed within one month.
6.2. Durairaj,Tiruppur     Link|August 2, 2023 5:26:08 PM
As per the offer document, the payment and credit of unaccepted shares will be done on or before 14th August.
5. Ashish     Link|August 2, 2023 11:00:48 AM
How to apply online for buyback?
4. Sunil Rathi     Link|July 31, 2023 2:21:50 PM
Ashiana Housing Buyback opens on 2nd August and Closes on 8th August 2023.
3. KAMMA SIVA RAMA KRISHNA     Link|July 20, 2023 6:45:37 PM
INDIAMART INTERNATIONAL LIMITED
Buyback Type: Tender Offer
Buyback Record Date: Yet to be announced
Buyback Offer Amount: ₹ 500 crores
Buyback Size: 12,50,000 shares i,.e., only 2.04% of the total fully paid up shares
Buyback Price: ₹ 4000/- Per Equity Share
Happy investing n all the best.
2. ranjan     Link|July 15, 2023 8:48:16 AM
any idea about AR for this please
1. Akshay     Link|July 14, 2023 5:22:25 PM
Whether 1 share strategy work here?

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