Tender Offer | ₹55.00 Crores | Listed at BSE, NSE | Wed, Aug 2, 2023 - Tue, Aug 8, 2023
Ashiana Housing Ltd. Buyback is a tender offer for the repurchase of up to 0.18 crore equity shares at a buyback price of ₹301 per share with a face value of ₹2 per share, aggregating to ₹55.00 crores.
The record date for determining eligible shareholders is Jul 28, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Aug 2, 2023 and closes on Aug 8, 2023, with the last date for receipt of tender forms being Aug 8, 2023.
The finalisation of buyback acceptance is expected on Aug 11, 2023, followed by settlement of bids on Aug 14, 2023.
Emkay Global Financial Services Ltd. is the Manager to the Buyback and Beetal Financial & Computer Services Pvt.Ltd. is the Registrar and Emkay Global Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Ashiana Housing Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Aug 2, 2023
Offer Closing Date
Tue, Aug 8, 2023
Buyback Price
₹301 per share
Record Date
July 28, 2023
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 19 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 Shareholders | 20 Equity Shares out of every 1276 Fully paid-up Equity Shares held on the Record Date. | 1,553,155.00 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1,339.19 | 259.31 | 1.72 |
| 31-Mar-22 | 1,863.94 | 233.59 | -7.04 |
| Amount in ₹ Crore | |||
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:
| 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 |
| 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 |
The Buy Back is being proposed by the Company to fulfill the following objectives:
Ashiana Housing Ltd.
304, Southern Park,
Saket District Centre,
Saket, New Delhi - 110017
New Delhi, New Delhi, 110017
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager(s)
Registered Broker
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 Date | August 2, 2023 |
| Buyback Closing Date | August 8, 2023 |
| Last Date for receipt of Tender Forms | August 8, 2023 |
| Finalisation of Buyback Acceptance | August 11, 2023 |
| Last Date for settlment of bids | August 14, 2023 |
| Last Date for Extinguishment of Shares | August 22, 2023 |
The Ashiana Housing Buyback 2023 is being offered at Rs ₹301 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 19 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 Shareholders | 20 Equity Shares out of every 1276 Fully paid-up Equity Shares held on the Record Date. | 1,553,155.00 |
The issue size of Ashiana Housing Buyback 2023 is 18,27,242 equity shares at ₹301 per share aggregating up to ₹55.00 Crores.
The Buy Back is being proposed by the Company to fulfill the following objectives:
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.
