Established in 1986, Ashiana Housing Limited stands as a seasoned player in the real estate sector, boasting decades of experience in the field. With an impressive track record, the company has successfully provided homes to an extensive count of over 15,000 families.
Regarded as a prominent name, Ashiana Housing Limited earned its recognition by securing a position among the Top 10 Real Estate Builders in the year 2020. Notably, it clinched the esteemed title of “North India’s No. 1 Caring Brand” in 2019, further solidifying its reputable status.
The inception of Ashiana Housing was fueled by the noble intention of offering well-suited and advantageous housing solutions tailored for the middle-class homeowners. An inherent aspect of the entity’s approach is the incorporation of amenities typically associated with residences of a higher income bracket. These encompass a commitment to top-tier construction quality, meticulously maintained lawns, expansive green spaces, thoughtfully designed children’s play areas, inviting swimming pools, vibrant clubs, and a diverse array of maintenance services.
Ashiana Housing Ltd. Stock Quote #
- Open: ₹204.25
- High – Low: ₹206.05 – ₹198.20
- Previous Close: ₹203.25
- Total Traded Value: 1,67,126
- 52 Weeks High: ₹228.00 (Jul 13, 2023)
- 52 Weeks Low: ₹128.15 (Dec 22, 2022)
- Updated On: Aug 10, 2023 4:00 PM
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Ashiana Housing Buyback 2023 Detail #
Issue Period Aug 2, 2023 – Aug 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 Jul 27, 2023 Record Date Jul 28, 2023 Offer Opens On Aug 2, 2023 Last Date for receipt of Tender Forms Aug 8, 2023 Offer Closes On * Aug 8, 2023 Finalisation of Buyback Acceptance Aug 11, 2023 Last Date for settlment of bids Aug 14, 2023 Last Date for Extinguishment of Shares Aug 22, 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 #
Ashiana Housing Limited Financial Information (Restated Consolidated) 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.
Ashiana Housing Buyback 2023 Documents #
Company Contact Information #
Ashiana Housing Limited
304, Southern Park,
Saket District Centre,
Saket, New Delhi – 110017Phone: 11 4265 4265
Email: sales@ashianahousing.com
Website: https://www.ashianahousing.com/Ashiana Housing Buyback 2023 Registrar #
- Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor,
99, Madangir, Behind Local Shopping Centre,
New Delhi – 110062Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com
Ashiana Housing Buyback 2023 Manager #
Lead Manager(s)
Registered Broker
- Emkay Global Financial Services Limited
Email: ahl.buyback@emkayglobal.com
