CERA Sanitaryware Limited Buyback
CERA Sanitaryware Buyback 2024
Tender Offer
₹12,000.00
Buyback price per shareAbout CERA Sanitaryware Limited Buyback
CERA Sanitaryware Limited offers sanitary products, fittings and tiles for wellness solutions such as high-quality showers, steam cubicles, whirlpools, and more.
The company has four main brands, namely CERA, Lustre, Senator, and Iseva. Under these brands, the company offers high-quality sanitary products, fittings and showers, tiles, bathtubs, mirrors and other bathroom furniture.
The CERA sanitary ware factory in Kadi in North Gujarat is the largest single-site plant in India with a capacity of 3 million units per year. The state-of-the-art faucet manufacturing plant with a capacity of 7,200 pieces per day is also equipped with the latest low-pressure die-casting machines, an automatic chrome plant, and a range of CNC and automatic polishing machines.
CERA Sanitaryware has recorded a total income of Rs. 1,93,891.67 lakhs in FY 2024.
CERA Sanitaryware Limited Buyback Details
Security Name
CERA Sanitaryware LimitedBuyback Price
₹12,000.00Face Value
₹5.00Listing at Group
BSE, NSELead Manager
Ambit Private LimitedBuyback Docs
Letter Of OfferIssue Size
108,333 (0.83 % of Total number of equity Shares)CERA Sanitaryware Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 14, 2024 | Aug 16, 2024 | Aug 22, 2024 | Aug 28, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Aug 28, 2024 | Sep 3, 2024 | Sep 4, 2024 | Sep 13, 2024 |
CERA Sanitaryware Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 1,938.92 | 1,838.88 | -- |
| Net Worth | -- | -- | -- |
| Profit After Tax | 241.32 | 211.05 | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Borrowing | -- | -- | -- |
| Total Assets | 1,845.53 | 1,676.64 | -- |
How to Participate in CERA Sanitaryware Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of CERA Sanitaryware Limited Buyback in Demat or physical form as on the record date Aug 16, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 22, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 13, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in CERA Sanitaryware Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹12,000.00 |
Maximum share for small shareholders (200000/ 12000) | 16.67 share |
Closing price of stock as of 2024-08-05 | ₹9,436.55 |
Maximum amount insted in buyback (₹9,436.55 x 16.666666666666668 shares) | ₹157,275.83 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Aug 5, 2024
Expected Profit from the CERA Sanitaryware Limited Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹157,275.83 | ₹157,275.83 | ₹157,275.83 | ₹157,275.83 |
No. of Shares Buyback | 5 | 8 | 12 | 16 |
Buyback Profit | 12817 | 20507 | 30761 | 41015 |
Profit% | 8.15% | 13.04% | 19.56% | 26.08% |
CERA Sanitaryware Limited Buyback - Necessity of the Objective
The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares, thereby, enhancing the overall return to shareholders;
The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve the allocation of the number of Equity Shares as per their entitlement or 15% of the number of Equity Shares to be bought back whichever is higher, reserved 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 as per Regulation 2(i) (n) of the Buyback Regulations;
The Buyback may help in improving its return on equity, by a reduction in the equity base, thereby leading to a long-term increase in shareholders’ value;.
The Buyback gives an option to the Eligible Shareholders to either (a) participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback, or (b) not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without any additional investment.
CERA Sanitaryware Limited Buyback
9, GIDC Industrial Estate, Kadi, Dist.Mehsana, North Gujarat, , Mehsana - 382715Email: kadi@cera-india.com
Phone: +91 2764 243000
Website: https://www.cera-india.com/
Link Intime India Private Ltd
Email: cerasanitaryware.buyback2024@linkintime.co.in
Phone: +91-22-4918 6270
Website: https://linkintime.co.in/initial_offer/public-issues.html
