CERA Sanitaryware Buyback 2024 will open on August 22, 2024. Consequently, the record date is set for August 16, 2024. To ensure eligibility for the buyback, investors should purchase CERA Sanitaryware shares before the record date.
Table of contents
- CERA Sanitaryware Buyback 2024 Overview
- Company Details
- CERA Sanitaryware Buyback 2024 Key Dates
- CERA Sanitaryware Buyback 2024 Acceptance Ratio
- Financials (₹ in Crores)
- How to Participate in CERA Sanitaryware Buyback 2024?
- Necessity of the Issue
- CERA Sanitaryware Buyback 2024 Lead Manager
- CERA Sanitaryware Limited Contact
- FAQs
CERA Sanitaryware Buyback 2024 Overview
| Security Name | CERA Sanitaryware Limited |
| Buyback Type | Tender Offer |
| Open Date | August 22, 2024 |
| Close Date | August 28, 2024 |
| Issue Size (Amount) | ₹130.00 Crores (108,333 Equity Shares) |
| Face Value | ₹5 per share |
| Buyback Price | ₹12000 per share |
| Listing At | BSE, NSE |
| Letter of Offer | Click Here |
Company Details
Founded in 1980, CERA Sanitaryware Limited is renowned for its style, innovation, and leadership. Today, it stands as India’s fastest-growing home solutions provider. The company offers a diverse range of products, including tiles, faucets, sanitaryware, and wellness options such as whirlpools and upscale showers. Additionally, CERA Sanitaryware collaborates with international design studios to introduce luxury brands like Senator and Isvea to the market. Committed to cutting-edge technology, the company employs robotic machines, 3D printing, and other advanced manufacturing techniques. Consequently, these innovations enable the company to uphold the highest quality standards. Moreover, its award-winning designs and eco-friendly products, such as water-saving toilets, reflect its dedication to innovation.
The Board of Directors of CERA Sanitaryware approved a buyback worth ₹130 crores during their meeting held on August 5, 2024. They will carry out the buyback via the Tender Offer route through the stock exchange mechanism. Specifically, the company will repurchase fully paid-up equity shares with a face value of ₹5 each at a price of ₹12,000 per share. Notably, the total buyback amount will not exceed ₹130 crores and will target participating shareholders.
CERA Sanitaryware Buyback 2024 Key Dates
| Last Date to buy shares | August 14, 2024 |
| Record Date | August 16, 2024 |
| Offer Opens On | August 22, 2024 |
| Last Date for receipt of Tender Forms | September 2, 2024 |
| Offer Closes On | August 28, 2024 |
| Finalisation of Buyback Acceptance | September 3, 2024 |
| Last Date for settlment of bids | September 4, 2024 |
| Last Date for settlement of bids | September 13, 2024 |
CERA Sanitaryware Buyback 2024 Acceptance Ratio
The investor should consider purchasing approximately 17 shares at the current market price of ₹9030 (as of today). Specifically, the calculation is as follows: ₹2,00,000 divided by ₹12,000 (the buyback price) equals 17 shares. Thus, investing in 17 shares will align with the proposed buyback offer.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
|---|---|---|---|
| 33% | ₹153510 | 5 | ₹14850 |
| 50% | ₹153510 | 8 | ₹23760 |
| 75% | ₹153510 | 13 | ₹38610 |
| 100% | ₹153510 | 17 | ₹50490 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹1845.53 | ₹1676.64 | N/A |
| Revenue | ₹1938.92 | ₹1838.88 | ₹1469.48 |
| Profit After Tax | ₹241.32 | ₹211.05 | ₹152.95 |
| Reserves and Surplus | ₹1166.13 | ₹1339.28 | ₹1008.65 |
How to Participate in CERA Sanitaryware Buyback 2024?
Investors holding CERA Sanitaryware shares in their Demat Account as of the Record Date are eligible for the buyback scheme. To participate, eligible shareholders must follow the instructions in the opening form and sell their shares accordingly. Subsequently, the company will process payments based on the accepted shares under the CERA Sanitaryware buyback scheme.
Necessity of the Issue
Reasons for the Buyback:
The buyback serves several key purposes:
- Firstly, it allows the Company to return surplus cash to shareholders holding equity shares, thereby enhancing the overall return for these shareholders.
- Additionally, by implementing the buyback through the tender offer route as prescribed under the Buyback Regulations, the Company will allocate either the number of equity shares as per their entitlement or 15% of the total shares to be bought back—whichever is higher—specifically reserved for small shareholders. This reservation aims to benefit many public shareholders classified as “small shareholders” according to Regulation 2(i)(n) of the Buyback Regulations.
- Moreover, the buyback could improve the Company’s return on equity by reducing the equity base, potentially leading to a long-term increase in shareholder value.
- Finally, the buyback provides eligible shareholders with two options: (a) to participate in the buyback and receive cash for their accepted equity shares, or (b) to abstain from the buyback and benefit from an increased percentage shareholding in the Company post-buyback, without any additional investment.
CERA Sanitaryware Buyback 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: cerasanitaryware.buyback2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
CERA Sanitaryware Buyback 2024 Lead Manager
Ambit Private Limited
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai, Maharashtra 400013
Phone: +91 022 3982 1819
Email: info@ambit.co
Website: https://www.ambit.co/
CERA Sanitaryware Limited Contact
CERA Sanitaryware Limited
9, GIDC Industrial Estate,
Kadi, North Gujarat, Mehsana – 382715
Phone: +91 2764 243000
Email: kadi@cera-india.com
Website: https://www.cera-india.com/
FAQs
The record date for this Buyback is August 16, 2024.
The buyback will open in 2024.
The company has set the buyback price at ₹12,000 per share.
To participate in the buyback, ensure that you hold CERA Sanitaryware shares in your Demat account as of the record date. Subsequently, you can apply for the buyback once the shares are in your account.
First, log in to the Paytm Money Application using your credentials. Next, select CERA Sanitaryware from the options available. Then, enter the desired quantity and proceed by submitting the CERA Sanitaryware Application Form.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
