Ashiana Housing Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Ashiana Housing Buyback 2023

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

Ashiana Housing Share Buyback 2023 Details

Ashiana Housing Buyback Dates2 – 8 August 2023
Ashiana Housing Buyback Price INR 301 per share
Market Price on Buyback ApprovalINR 198.35 per share
Buyback Premium on Market Price51.75%
Buyback Offer Size (Shares)18,27,242 shares
Buyback Offer Size (Amount)INR 55 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE

Ashiana Housing Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal26 June 2023
Buyback Approval Date12 July 2023
Public Announcement of Buyback14 July 2023
Ashiana Housing Buyback Record Date28 July 2023
Buyback Opening Date2 August 2023
Buyback Closing Date8 August 2023
Cut-off Date to receive completed tender forms by Registrar8 August 2023
Verification Date by the Registrar9 August 2023
Return of unaccepted shares by Registrar14 August 2023
Extinguishment of accepted shares22 August 2023

Ashiana Housing Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Ashiana Housing Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)
* Calculated by IPO Central based on latest retail shareholding pattern

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 2021FY 2022FY 2023
Total Expenses240.60230.77378.82
Net income 1.72(7.04)27.88
Figures in INR crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 301
Maximum shares for small shareholder (2,00,000/301)665 shares *
Closing price of stock as on 12 July 2023INR 198.35**
Maximum amount invested in buyback (INR 665 x 198.35 shares)INR 1,31,903
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Ashiana Housing Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
6655656 (100%)5,748.44.36
66556112 (200%)11,496.88.72
66556168 (300%)17,245.213.07

Registrar of Ashiana Housing Buyback 2023

Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone: 011-29961281-83
Email: [email protected] / [email protected]

Manager of Ashiana Housing Buyback 2023

The Ruby, 7th Floor, Senapati Bopal Marg,
Dadar-West- Mumbai-400028
Tel. No.: +912266121212
Email: [email protected]

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.


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