Ashiana Housing Limited Buyback 2023
Ashiana Housing Ltd. (AHL) is an Indian Real estate development company established in 1986 and headquartered in New Delhi, India. The firm is a real estate company that was recognized by Forbes as Asia’s 200 Best Under A Billion in 2010 and 2011.[2] Ashiana Housing is a middle-income housing developer with a primary focus on Child Centric Homes, Senior Living, Care Homes (i.e., assisted living) and comfort homes. The company has expanded its reach from group housing to facility management, retail, and hotels, as well as maintenance and resale of the property after possession.
The company was incorporated on 25 June 1986, under the Companies Act, 1956, as Ashiana Housing & Finance (India) Limited. Subsequently, the name of the company was changed to its present name in the year 2007.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 28 2023 |
| Buyback Opening Date: | Aug 02 2023 |
| Buyback Closing Date: | Aug 08 2023 |
| Buyback Offer Amount: | ₹ 55 Cr |
| Date of Board Meeting approving the proposal: | Jul 12 2023 |
| Date of Public Announcement: | Jul 12 2023 |
| Buyback Offer Size: | 1.78% |
| Buyback Number of Shares: | 18,27,242 |
| Price Type: | Tender Offer |
| FV: | 2 |
| Buyback Price: | ₹ 301 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 338 | 304 | 242 | 222 | 407 |
| Expenses + | 303 | 317 | 241 | 231 | 379 |
| Operating Profit | 34 | -13 | 1 | -9 | 28 |
| OPM % | 10% | -4% | 0% | -4% | 7% |
| Other Income + | 13 | -4 | 17 | 8 | 18 |
| Interest | 15 | 14 | 9 | 5 | 3 |
| Depreciation | 8 | 9 | 9 | 8 | 8 |
| Profit before tax | 24 | -39 | 0 | -15 | 34 |
| Tax % | 42% | 23% | -473% | 52% | 19% |
| Net Profit + | 14 | -30 | 2 | -7 | 28 |
| EPS in Rs | 1.35 | -2.95 | 0.17 | -0.69 | 2.72 |
| Dividend Payout % | 19% | -10% | 238% | -131% | 18% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 1,31,472 | 1,31,472 | 1,31,472 | 1,31,472 |
| No. of Shares Buyback | 219 | 332 | 498 | 664 |
| Buyback Profit | 22,557 | 34,196 | 51,294 | 68,392 |
| Profit% | 17.15% | 26.00% | 39.00% | 52.00% |
Recommendation:
63 Comments
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Sold remaining share today. Closed with decent profit.
Happy to note. All the best.
Can you please confirm, when will the amount gets credited??
Can you pls confirm, when will the buyback amount gets credited into our bank from company?
If you are asking about Ashiana Housing, the amounts are already credited to the respective bank accounts. If about other buybacks, please search for the last date of settlement of that particular buyback. Please see other sites also to know more. All the best.
I had bought 200 shares of Ashiana at 201 before the record date. I sold 150 shares at 209 post record date. I tendered remaining 50 shares for buyback. They accepted 20 shares. What could be the reason?
41/200 AR 20.5% 😅 looking good
167/800. Around 21% AR. Not that much bad as feared.
Sold out all the unaccepted 633 shares @Rs.202.1 keeping in view my financial limitations n constraints. Reasonable profit.
You sold it today? It is not showing in my Zerodha as well as PayTM Money account?
I have sold all in our two accounts I.e., ICICI DIRECT and SBI SECURITIES. I don’t have any idea for not showing in the said accounts. All the best.
Al the shares were punched from Demat on 14 Aug at 07:33 Am and the remaining share were credited back on the same day at 12:46 PM so both brokers don’t show it in the holding and I am unable to sell. Is any other facing the same scenario?
Can you suggest when shares get punched from your Demat? I have Demat in CDSL and above mentioned time is as per the email I receive from CDSL for every Demat transactions.
I used to delete the messages after going through due to storage problem and hence no details can be shared now. Sorry for my inability to give the details as asked in the last message of you.
No problem. Thanks for your reply. I will ask for the help of Sumit and Gopi.
Ashiana housing buyback ki 200 qty hai lekin angelone se 200 apply kiye to Dp qty not available for marking! Ye error a raha hai or 200 me se 16 ka entitlement tha to Sirf utni try kiya to ho gaya submit 🙄 koi batayega Puri qty submit q nai hui
At 1 PM … subscription figure around 2576%
Very huge subscription…so AR will be around 8 to 10%
1 share stategy not work here!
Please correct tax payment as more than 42% instead of what is wrongly stated above. Error made is regretted. It is a very normal thing, to err is humane as someone said.☺️
It was 13.85% retail shareholders as per June 2023 shareholding at BSE. But only 3.20% as per offer document submitted on July 29th. Its a huge difference in one month on shareholding pattern. Any views ?
Could have avoided participation VSK Ji. What is the point raking up details now? This firm has disclosed payment of more than 60% tax in two financial years .
Please correct tax payment as more than 42% instead of what is wrongly stated above. Error made is regretted.
Something Strange on Total Retail Shareholders count mentioned at offer document. As per the offer document submitted to exchange on July 19th saying total retail shareholders is 28,669 holding 32,74,512 shares. But as per their shareholding pattern at BSE for the Quarter ending : June 2023 , total retail shareholders is 17709 holding 1,41,75,819 . Huge difference between latest data available at BSE and the offer document. Can anyone able to explain this.
*Something Strange on Total Retail Shareholders count mentioned at offer document. As per the offer document submitted to exchange on July 29th saying total retail shareholders is 28,669 holding 32,74,512 shares. But as per their shareholding pattern at BSE for the Quarter ending : June 2023 , total retail shareholders is 17709 holding 1,41,75,819 . Huge difference between latest data available at BSE and the offer document. Can anyone able to explain this.
*the offer document submitted to exchange on July 29th saying total retail shareholders is 28,669 holding 32,74,512 shares. But as per their shareholding pattern at BSE for the Quarter ending : June 2023 , total retail shareholders is 17709 holding 1,41,75,819 .
My ER is 8%
ER retail : 8.37%
Then AR will be less than or around 20…
Good assessment. AR is around 21%.
What could be the AR?
Expected ER : 4-6%
Avoiding.
Sir kaise calcukate kiya ? How.come.kama holding AR was 100% even though size was 50.cr only..seems.ajanta pharma welspun imdia buybacck size was smallish only
Any views on Arti drugs buyback & advise plz
1. Calculation based on Buyback Offer Size: 1.78%.
2. No idea about kama holding.
3. Aarti drugs wait for board meeting outcome.
I think the ER and AR will be mostly same around 10-12%. High risk as no previous buyback history is available so not having any ideal of the small sharehoiders percentage out of public sharholdings.
Purchased 800 shares @ around Rs. 210/-
Sir, what is the AR you expect?
Because the buyback size seems small
It’s once again reiterated that ER can be assessed only on knowing the particulars of holdings by the investors on the Record Date and AR can be assessed only on knowing the details of bidding of shares, for buyback, held on the Record Date.
I understand sir.
I thought you have an estimate in mind because you took a position.
Hello friends
Sorry for a stupid query
Please SHARE BUYBACK CHARGES FOR INDIVIDUAL BROKERs that used by my different friends. I just want to sort of comparison
1. I use Groww that’s charge for BUYBACK is absolutely nominal
Thanks for your time and kind words
Zerodha.
23.60rs brokarage
Thanks mohsin bro
Sumit ji,
Eagerly waiting for your kind views on this buyback. Though the difference between the CMP and Buyback Price is significant, yet the size of the buyback is worrisome. An earliest response will be of great help. Thank you very much in anticipation of your prompt response. All the best to you.
Ashiana housing buyback
Size : 18,27,242 shares
Price : 301
Size cr : 55cr
Record date : 28 July.
1.78% of total number of equity shares
Thank you Mohsin ji for the update.
Decent buyback price. Hope to see some positive moment tomorrow morning!
Booked decent profit and moved out.
At what price sir. If you can share AR
I bought it at 190 and sold it at 220.
Congratulations sir. Any source or idea for ER
Not sure. But I assume the ER should be around 12%.
Bought again @ 200 for the purpose of tendering
Any update on the board meeting ? Request to share please
No update yet. Was online since morning but no release yet. Already have a decent position in this.
and sorry for BSE
Thank you Rohit ji for your prompt response. Please don’t feel sorry about anything in this business. No one can predict the market movements. That’s why it’s such a thrilling arena. I am still left with some BSE shares. You have been contributing excellent inputs.
.
Gopi ji and Umesh and all other my lovely bros
What will be possible BUYBACK price as per approximately calculation.
Thank you for the love. I have posted my comment already about the financial parameters and still standing by it. My humble suggestion is to wait for the outcome of the so called Board meeting. Who knows what the Board will decide. The advance announcement of the Board meeting makes me feel sceptical about the outcome in view of the early cases of Balmer Lawrie cos Faze and even Amrutanjan.
Of course Gopi ji
Thanks for your kind word.
Those sloppy Companies you mentioned was really threatened small investors like me. And because of those so called companies We really missed Good companies like BSE to early buying
Exactly
Is Ashiana a good bet from investment perspective (ignoring the buyback news)?
The given financial parameters are indicative of poor performance overall. Not good to invest for long term.
Thank you Umesh Ji for the update.
Please do no confuse with negative dividend amount. The PAT is negative for those year. Ideally dividend should be zero.
How can dividend payment be in negative ( minus figures are seen in the dividend payment column). Why this 2 week advance announcement of Board meeting? Please don’t mind me Smelling something fishy.