CERA Sanitaryware Limited Buyback
CERA Sanitaryware Buyback 2024
Tender Offer
₹12,000.00
Buyback price per share14 Aug, 2024
Last Date to buy shares16 Aug, 2024
Record Date22 Aug, 2024
Offer Opens28 Aug, 2024
Offer Closes28 Aug, 2024
Last Date for Tender Forms03 Sep, 2024
Finalisation of Buyback Acceptance04 Sep, 2024
Last Date for settlement of bids13 Sep, 2024
Last Date for Extinguishment of SharesAbout CERA Sanitaryware Limited Buyback Company
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 Limited
- Buyback Price ₹12,000.00
- Face Valuet ₹5.00
- Listing at Group BSE, NSE
- Lead Manager Ambit Private Limited
- Issue Size 108,333 (0.83 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
CERA Sanitaryware Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | / | |
| General Category for all other Eligible Shareholders | / |
CERA Sanitaryware Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Total Revenue | 1,938.92 | 1,838.88 | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 1,845.53 | 1,676.64 | -- |
| Profit After Tax | 241.32 | 211.05 | -- |
| Net Worth | -- | -- | -- |
How to Participate in CERA Sanitaryware Limited Buyback?
Calculation of Investment in CERA Sanitaryware Limited Buyback Buyback 2026
* 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 | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹157,275.83 | 5 | 12817 | 8.15% |
| 50% | ₹157,275.83 | 8 | 20507 | 13.04% |
| 75% | ₹157,275.83 | 12 | 30761 | 19.56% |
| 100% | ₹157,275.83 | 16 | 41015 | 26.08% |
Amount Invested in Buyback: ₹157,275.83
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.
Contact Details
CERA Sanitaryware Limited Buyback
9, GIDC Industrial Estate, Kadi, Dist.Mehsana, North Gujarat, , Mehsana - 382715
+91 2764 243000
kadi@cera-india.com
Registrar Contact Details
Link Intime India Private Ltd
cerasanitaryware.buyback2024@linkintime.co.in
+91-22-4918 6270