The Ashiana Housing Buyback date has been Recorded on July 28, 2023
Ashiana Housing, founded in 1986, is primarily engaged in real estate development. Ashiana’s primary business concept is to purchase land, convert it into a residential
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Record Dates
July 28, 2023
Buyback Price
₹301 per equity share
Face Value
₹2 per share
Offer Closes On
August 8, 2023
Mayur Uniquoters Buyback Price
The Ashiana Housing Buyback price is ₹[301 per equity share ].
IPO Overview
Ashiana Housing Established in 1986, Ashiana Housing Limited is a renowned builder organization that has been operating in the industry for several decades. With a remarkable track record, the company has successfully provided homes to more than 15,000 families. Ashiana Housing Limited has gained significant recognition and acclaim over the years. In 2020, it was listed among the Top 10 Real Estate Builders, solidifying its position as a leading player in the market. Additionally, in 2019, the company was honored as North India’s No. 1 Caring Brand, further highlighting its commitment to customer satisfaction and welfare.
Ashiana Housing Share Buyback 2023 Details
| Ashiana Housing Buyback Dates | Coming soon |
| 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 | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
Ashiana Housing Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 7.55 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
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 |
Ashiana Housing Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 665 | 51 | 51 (100%) | 5,235.15 | 3.97 |
| 665 | 51 | 102 (200%) | 10,470.3 | 7.94 |
| 665 | 51 | 153 (300%) | 15,705.45 | 11.91 |
Company Profile
Ashiana Housing, established in 1986, primarily focuses on Real Estate Development. The company’s main strategy involves purchasing land and transforming it into residential buildings for sale. With a goal of achieving gross margins exceeding 30%, Ashiana aims to clear its inventories within a 5-7 year period. The company operates in three residential segments: Senior Living Homes, Kids Centric Homes, and Premium Homes. Ashiana Housing has ongoing projects in Rajasthan, Haryana, Jharkhand, Tamil Nadu, Maharashtra, and Gujarat.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 011-29961281-83 |
| Email ID | beetalrta@gmail.com / beetal@beetalfinancial |
| Website | www.beetalfinancial.com |
Contact Details
| Name | Ashiana Housing Buyback Limited |
| Phone number | +912266121212 |
| Email ID | ahl.buyback@emkayglobal.com |
| Website | https://www.emkayglobal.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
