Amrutanjan Health Care Buyback 2023 vs Ashiana Housing Buyback 2023

Comparision between Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023.

Buyback Details

Amrutanjan Health Care Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Ashiana Housing Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Amrutanjan Health Care Limited

Ashiana Housing Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹900 per share

₹301 per share

Issue Size

3,20,000 shares

18,27,242 shares

Issue Size (Amount)

₹28.80 Crores

₹55.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	53,652.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 91 Fully paid-up Equity Shares held on the Record Date.	266,348.00

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

Registrar

Cameo Corporate Services Limited

Beetal Financial & Computer Services (P) Limited

Lead Managers

Saffron Capital Advisors Private Limited

Emkay Global Financial Services Ltd

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

Improve the valuation of the Company and fair valuation of the share price
Enhancing the overall return to shareholders in the long run
Creating long term value for shareholders
Improving the fundamental ratios of the Company
Exit option to shareholders, particularly small shareholders, at a premium over market price.

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.

Buyback Timetable

Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Amrutanjan Health Care Buyback 2023 Buyback record date is Jul 13, 2023. Ashiana Housing Buyback 2023 Buyback record date is Jul 28, 2023.

	Amrutanjan Health Care Limited	Ashiana Housing Limited
Record Date	Jul 13, 2023	Jul 28, 2023
Offer Open Date	Jul 19, 2023	Aug 02, 2023
Offer Closure Date	Jul 25, 2023	Aug 08, 2023
Last date for receipt of tender forms		Aug 08, 2023
Finalisation of buyback		Aug 11, 2023
Last Date for settlment of bids		Aug 14, 2023
Last Date for extinguishment of shares		Aug 22, 2023

Financial Details and Other Relevent Information

Comparison of Amrutanjan Health Care Buyback 2023 and Ashiana Housing Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Amrutanjan Health Care Limited

Ashiana Housing Limited

Financial

Amrutanjan Health Care Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	187.61	260.36	24.51
31-Mar-20	205.35	269.80	25.08
31-Mar-21	274.27	344.16	61.19
31-Mar-22	349.87	421.22	67.19
31-Mar-23	362.09	394.18	39.83
Amount in ₹ Crore

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

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	737.50	588.65	622.82
May-2023	608.05	582.55	599.85
Apr-2023	623.85	593.90	607.21

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

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jun-2023	738.25	586.95	622.18
May-2023	608.25	583.60	599.70
Apr-2023	624.00	593.15	607.00

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

Compare with others

Amrutanjan Health Care Limited	Ashiana Housing Limited
Aarti Drugs Buyback 2023	BSE Buyback July 2023
Indiamart Intermesh Buyback 2023	Amrutanjan Health Care Buyback 2023
James Warren Tea Buyback 2023	Axita Cotton Buyback 2023
Goldiam International Buyback 2023	Welspun India Buyback 2023
BSE Buyback July 2023	Wipro Buyback 2023
Axita Cotton Buyback 2023	Emami Limited Buyback 2023
Welspun India Buyback 2023	Godawari Power and Ispat Buyback 2023
Wipro Buyback 2023	Ajanta Pharma Buyback 2023
Ashiana Housing Buyback 2023	Natco Pharma Buyback 2023
Emami Limited Buyback 2023	Symphony Buyback

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