Ashiana Housing Buyback 2023 Description – Incorporated in 1986, Ashiana Housing’s principal business activity is Real Estate Development. Ashiana’s core business model is to buy land and turn it into a residential building and sell it. Management targets projects with gross margins over 30% and clearing inventories in a 5-7 year timeframe.
The company operates in 3 residential segments namely – Senior Living Homes, Kids Centric Homes, and Premium Homes. The company has projects in the states of Rajasthan, Haryana, Jharkhand, Tamil Nadu, Maharashtra, and Gujarat.
Ashiana Housing Share Buyback 2023 Details
| Ashiana Housing Buyback Dates | 2 – 8 August 2023 |
| Ashiana Housing Buyback Price | INR 301 per share |
| Market Price on Buyback Approval | INR 198.35 per share |
| Buyback Premium on Market Price | 51.75% |
| Buyback Offer Size (Shares) | 18,27,242 shares |
| Buyback Offer Size (Amount) | INR 55 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE |
Ashiana Housing Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 26 June 2023 |
| Buyback Approval Date | 12 July 2023 |
| Public Announcement of Buyback | 14 July 2023 |
| Ashiana Housing Buyback Record Date | 28 July 2023 |
| Buyback Opening Date | 2 August 2023 |
| Buyback Closing Date | 8 August 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 8 August 2023 |
| Verification Date by the Registrar | 9 August 2023 |
| Return of unaccepted shares by Registrar | 14 August 2023 |
| Extinguishment of accepted shares | 22 August 2023 |
Ashiana Housing Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Ashiana Housing Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 19/227 | 8.37 |
| General category (for all other Eligible Shareholders) | 20/1,276 | 1.57 |
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Ashiana Housing Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 241.98 | 221.74 | 407.37 |
| Total Expenses | 240.60 | 230.77 | 378.82 |
| Net income | 1.72 | (7.04) | 27.88 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 301 |
| Maximum shares for small shareholder (2,00,000/301) | 665 shares * |
| Closing price of stock as on 12 July 2023 | INR 198.35** |
| Maximum amount invested in buyback (INR 665 x 198.35 shares) | INR 1,31,903 |
** For simplicity, we have considered price on buyback approval date
Ashiana Housing Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 665 | 56 | 56 (100%) | 5,748.4 | 4.36 |
| 665 | 56 | 112 (200%) | 11,496.8 | 8.72 |
| 665 | 56 | 168 (300%) | 17,245.2 | 13.07 |
Registrar of Ashiana Housing Buyback 2023
BEETAL FINANCIAL AND COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone:Â 011-29961281-83
Email:Â [email protected] / [email protected]
Website: www.beetalfinancial.com
Manager of Ashiana Housing Buyback 2023
EMKAY GLOBAL FINANCIAL SERV1CES LIMITED
The Ruby, 7th Floor, Senapati Bopal Marg,
Dadar-West- Mumbai-400028
Tel. No.:Â +912266121212
Email:Â [email protected]
Website:Â www.emkayglobal.com
Process to Participate in Ashiana Housing Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Ashiana Housing buyback dates?
Ashiana Housing share buyback opens on 2 August 2023 and closes on 8 August 2023.
Which type of is Ashiana Housing buyback offer?
Ashiana buyback is a tender offer.
What is Ashiana Housing buyback price?
Ashiana Housing buyback price is INR 301 per share.
What is Ashiana Housing buyback record date?
Ashiana Housing buyback record date is 28 July 2023.
How to participate in Ashiana Housing share buyback?
Ashiana Housing share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
