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Ashiana Housing Buyback 2023 vs Welspun India Buyback 2023

Comparision between Ashiana Housing Buyback 2023 and Welspun India Buyback 2023.

Buyback Details

Ashiana Housing Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Welspun India Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Ashiana Housing Limited Welspun India Limited
Logo Ashiana Housing Buyback 2023 Logo Welspun India Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹1 per share
Buyback Price ₹301 per share ₹120 per share
Issue Size 18,27,242 shares 1,62,50,000 shares
Issue Size (Amount) ₹55.00 Crores ₹195.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders19 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 Shareholders20 Equity Shares out of every 1276 Fully paid-up Equity Shares held on the Record Date.1,553,155.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date.2,437,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.13,812,500.00
Registrar Beetal Financial & Computer Services (P) Limited Link Intime India Private Ltd
Lead Managers Emkay Global Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Necessity of the buyback

The Buy Back is being proposed by the Company to fulfill the following objectives:

  1. The Buy Back will help the Company to return surplus cash to its shareholders.
  2. 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.
  3. The Buy Back may help in improving return on equity.
  4. The Buy Back will help in achieving an optimal capital structure.
  5. 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.

The Buy-back is being undertaken for the following reasons:

  1. The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
  2. The Buy-back includes a reservation for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders".
  3. The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buy-back gives an option to the members holding equity shares of the Company, who can choose to participate and get cash in lieu of equity shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy-back.

Buyback Timetable

Ashiana Housing Buyback 2023 and Welspun India Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Ashiana Housing Buyback 2023 Buyback record date is Jul 28, 2023. Welspun India Buyback 2023 Buyback record date is May 10, 2023.

  Ashiana Housing Limited Welspun India Limited
Record Date Jul 28, 2023 May 10, 2023
Offer Open Date Aug 02, 2023 May 16, 2023
Offer Closure Date Aug 08, 2023 May 22, 2023
Last date for receipt of tender forms Aug 08, 2023 May 22, 2023
Finalisation of buyback Aug 11, 2023 May 26, 2023
Last Date for settlment of bids Aug 14, 2023 May 29, 2023
Last Date for extinguishment of shares Aug 22, 2023 Jun 07, 2023

Financial Details and Other Relevent Information

Comparison of Ashiana Housing Buyback 2023 and Welspun India 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.

  Ashiana Housing Limited Welspun India Limited
Financial
Ashiana Housing Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211,339.19259.311.72
31-Mar-221,863.94233.59-7.04
Amount in ₹ Crore
Welspun India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-197,742.286,608.44226.182,779.302,623.551,908.43
31-Mar-208,310.286,836.18524.362,972.102,972.501,684.85
31-Mar-218,677.787,407.95550.793,644.703,516.391,096.19
31-Mar-229,436.859,377.31606.703,971.703,862.031,214.18
31-Mar-238,650.0082,151.00202.5140,878.003,974.85
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2023 70.37 62.20 66.47
Feb-2023 73.00 63.60 68.96
Jan-2023 77.65 65.25 72.25
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2023 70.40 62.00 66.50
Feb-2023 71.85 63.50 69.00
Jan-2023 77.70 66.25 72.29

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