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
structure, and then sell it. Management aims for projects with gross margins of more than 30% and inventory clearance in 5-7 years. The company is divided into three residential segments: Senior Living Homes, Kids Centric Homes, and Premium Homes. Rajasthan, Haryana, Jharkhand, Tamil Nadu, Maharashtra, and Gujarat are among the states where the business has projects.
Process to Participate in Ashiana Housing Buyback
All qualified shareholders of the company who own shares in physical or demat form on the record date may participate in the buyback offer through their stockbroker. Eligible shareholders who hold their shares in demat form must advise their brokers of the details of the equity shares they desire to tender in the buyback offer.
The shareholder must transfer the tendered shares to the Special account of the clearing corporation. In turn, the broker would place a stock exchange buyback order.
Eligible shareholders who own shares in tangible form must show the original share certificates and supporting paperwork to their broker. Following the completion of document verification, the broker executes an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
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 2023 Documents
- Letter of Offer
- Draft 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) | – | 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 |
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: 011-29961281-83
Email: [email protected] / [email protected]
Website: https://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.: +912266121212
Email: [email protected]
Website: https://www.emkayglobal.com
Ashiana Housing IPO FAQs :
Q1. What are Ashiana Housing buyback dates?
Ans. Ashiana Housing share buyback opens on 2023 and closes on 2023.
Q2. Which type of is Ashiana Housing buyback offer?
Ans. Ashiana buyback is a tender offer.
Q3. What is Ashiana Housing buyback price?
Ans. Ashiana Housing buyback price is INR 301 per share.
Q4. What is Ashiana Housing buyback record date?
Ans. Ashiana Housing buyback record date is 28 July 2023.
Q5. How to participate in Ashiana Housing share buyback?
Ans. 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.
