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Amrutanjan Health Care Buyback 2023 vs Ashiana Housing Buyback 2023

Comparison between Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Ashiana Housing Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

 Amrutanjan Health Care Ltd.Ashiana Housing Ltd.
LogoAmrutanjan Health Care Buyback 2023 LogoAshiana Housing Buyback 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹2 per share
Buyback Price₹900 per share₹301 per share
Issue Size3,20,000 shares18,27,242 shares
Issue Size (Amount)₹28.80 Crores₹55.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.53,652.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.266,348.00
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
RegistrarCameo Corporate Services Ltd.Beetal Financial & Computer Services Pvt.Ltd.
Lead ManagersSaffron Capital Advisors Pvt.Ltd.Emkay Global Financial Services Ltd.
Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

  1. Improve the valuation of the Company and fair valuation of the share price
  2. Enhancing the overall return to shareholders in the long run
  3. Creating long term value for shareholders
  4. Improving the fundamental ratios of the Company
  5. Exit option to shareholders, particularly small shareholders, at a premium over market price.

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.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Ashiana Housing Buyback 2023 Buyback record date is Jul 28, 2023.

 Amrutanjan Health Care Ltd.Ashiana Housing Ltd.
Record DateJul 13, 2023Jul 28, 2023
Offer Open DateJul 19, 2023Aug 02, 2023
Offer Closure DateJul 25, 2023Aug 08, 2023
Last date for receipt of tender formsAug 08, 2023
Finalisation of buybackAug 11, 2023
Last Date for settlment of bidsAug 14, 2023
Last Date for extinguishment of sharesAug 22, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Amrutanjan Health Care Ltd.Ashiana Housing Ltd.
Financial
Amrutanjan Health Care Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19187.61260.3624.51
31-Mar-20205.35269.8025.08
31-Mar-21274.27344.1661.19
31-Mar-22349.87421.2267.19
31-Mar-23362.09394.1839.83
Amount in ₹ Crore
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 737.50 588.65 622.82
May-2023 608.05 582.55 599.85
Apr-2023 623.85 593.90 607.21

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2023 738.25 586.95 622.18
May-2023 608.25 583.60 599.70
Apr-2023 624.00 593.15 607.00

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

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Amrutanjan Health Care Ltd.Ashiana Housing Ltd.
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Compare:

Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023