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:
- Senior Living
- Kid Centric Homes
- Premium Homes
Ashiana Housing Buyback 2023 Detail
| Issue Period | August 2, 2023 – August 8, 2023 |
| Security Name | Ashiana Housing Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,827,242.00 |
| Issue Size (Amount) | ₹55.00 Crores |
| Buyback Price | ₹301 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Ashiana Housing Buyback 2023 Issue Timetable
| Last Date to buy shares | July 27, 2023 |
| Record Date | July 28, 2023 |
| Offer Opens On | August 2, 2023 |
| Last Date for receipt of Tender Forms | August 8, 2023 |
| Offer Closes On * | 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 |
* Last Date to Tender shares on Zerodha : August 7, 2023
Buyback Ratio
| 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 |
Company Financials
| 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 |
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 (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 |
Necessity of the Issue
The Buy Back is being proposed by the Company to fulfill the following objectives:
- The Buy Back will help the Company to return surplus cash to its shareholders.
- 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.
- The Buy Back may help in improving return on equity.
- The Buy Back will help in achieving an optimal capital structure.
- 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.
back later.
Company Contact Information
Ashiana Housing Limited
304, Southern Park,
Saket District Centre,
Saket, New Delhi – 110017
Phone: 11 4265 4265
Email: sales@ashianahousing.com
Website: https://www.ashianahousing.com/