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Ashiana Housing Buyback 2023 vs BSE Buyback July 2023

Comparison between Ashiana Housing Buyback 2023 and BSE Buyback July 2023.

Buyback Details

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

 Ashiana Housing Ltd.BSE Ltd.
LogoAshiana Housing Buyback 2023 LogoBSE Buyback July 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSENSE
Face Value₹2 per share₹2 per share
Buyback Price₹301 per share₹1080 per share
Issue Size18,27,242 shares34,70,370 shares
Issue Size (Amount)₹55.00 Crores₹374.80 Crores
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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.520,556.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.2,949,814.00
RegistrarBeetal Financial & Computer Services Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersEmkay Global Financial Services Ltd.Nuvama Wealth Management Ltd.
Necessity of the buyback

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.

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

  1. To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to 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 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 not to participate and enjoy a resultant increase in their percentage shareholding.

Buyback Timetable

Ashiana Housing Buyback 2023 and BSE Buyback July 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ashiana Housing Buyback 2023 Buyback record date is Jul 28, 2023. BSE Buyback July 2023 Buyback record date is Sep 14, 2023.

 Ashiana Housing Ltd.BSE Ltd.
Record DateJul 28, 2023Sep 14, 2023
Offer Open DateAug 02, 2023Sep 21, 2023
Offer Closure DateAug 08, 2023Sep 27, 2023
Last date for receipt of tender formsAug 08, 2023Sep 27, 2023
Finalisation of buybackAug 11, 2023Oct 04, 2023
Last Date for settlment of bidsAug 14, 2023Oct 05, 2023
Last Date for extinguishment of sharesAug 22, 2023Oct 16, 2023

Financial Details and Other Relevent Information

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

 Ashiana Housing Ltd.BSE Ltd.
Financial
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
BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets4,475.774,627.086,185.405,993.81
Revenue630.00654.65863.53953.94
Profit After Tax120.61141.70244.93205.65
Net Worth
Reserves and Surplus2,406.392,473.642,613.132,648.25
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

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 207.80 175.65 187.56
May-2023 189.95 165.00 175.86
Apr-2023 187.50 165.15 176.20

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2023 1084.90 804.00 893.05
Jul-2023 814.00 611.75 733.72
Jun-2023 624.30 551.45 579.01

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Ashiana Housing Ltd.BSE Ltd.
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Compare:

Ashiana Housing Buyback 2023 and BSE Buyback July 2023