Cera Sanitaryware Buyback Record Date 16 August 2024.Â
Established in 1980, Cera Sanitaryware is a leading company in Indian sanitary ware. The company is involved in the manufacturing, selling, and trading of a wide range of building products. Cera utilizes non-conventional wind and solar power for captive use in Gujarat. Its product lineup includes various types of sanitaryware, faucetware, bath accessories, kitchen sinks, mirrors, ceramic tiles, and modular kitchens. Cera’s portfolio covers a broad spectrum of price and design options, catering to mass, mid, premium, and luxury market segments.
As of 31 March 2024, Cera Sanitaryware has a robust dealer network comprising approximately 6,000 dealers and 11,300 retailers across India. The company operates 30 depots strategically located throughout the country for efficient product distribution. Cera Sanitaryware operates state-of-the-art manufacturing plants in Kadi, District Mehsana, Gujarat, specializing in the production of sanitaryware and faucetware. The company has an existing production capacity of nearly 3 million pieces per annum for sanitaryware.
Cera Sanitaryware Buyback Record Date, Other Details
| Cera Sanitaryware Buyback Dates | 22 – 28 August 2024 |
| Cera Sanitaryware Buyback Price | INR 12,000 per share |
| Market Price on Buyback Approval | INR 9,436.35 per share |
| Buyback Premium on Market Price | 27.17% |
| Buyback Offer Size (Shares) | 1,08,333 shares |
| Buyback Offer Size (Amount) | INR 130 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 5 per share |
| Listing At | BSE, NSE |
Cera Sanitaryware Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 26 July 2024 |
| Buyback Approval Date | 5 August 2024 |
| Public Announcement of Buyback | 7 August 2024 |
| Cera Sanitaryware Buyback Record Date | 16 August 2024 |
| Buyback Opening Date | 22 August 2024 |
| Buyback Closing Date | 28 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 28 August 2024 |
| Verification Date by the Registrar | 2 September 2024 |
| Return of unaccepted shares by Registrar | 4 September 2024 |
| Extinguishment of accepted shares | 13 September 2024 |
Cera Sanitaryware Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Cera Sanitaryware Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/22 | 4.55 |
| General category (for all other Eligible Shareholders) | 1/135 | 0.74 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Cera Sanitaryware Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,445.83 | 1,810.49 | 1,879.41 |
| Total Expenses | 1,254.78 | 1,548.99 | 1,618.51 |
| Net Income | 152.94 | 211.05 | 241.32 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 12,000 |
| Maximum shares for small shareholders (2,00,000/12,000) | 17 shares* |
| The closing price of the stock as of 5 August 2024 | INR 9,436.35** |
| Maximum amount invested in buyback (INR 9,436.35 x 17 shares) | INR 1,60,418 |
**Â For simplicity, we have considered the price on the buyback approval date
Cera Sanitaryware Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 17 | 1 | 1 (100%) | 2,563.65 | 1.60 |
| 17 | 1 | 2 (200%) | 5,127.30 | 3.20 |
| 17 | 1 | 3 (300%) | 7,690.95 | 4.79 |
Registrar of Cera Sanitaryware Buyback 2024
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 911 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Cera Sanitaryware Buyback 2024
AMBIT PRIVATE LIMITED
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai 400013, Maharashtra
Telephone:Â +91 22 6623 3030
Email:Â [email protected]
Website:Â www.ambit.co
The Process to Participate in Cera Sanitaryware Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Cera Sanitaryware buyback dates?
Cera Sanitaryware share buyback opens on 22 August 2024 and closes on 28 August 2024.
Which type of buyback is Cera Sanitaryware buyback offer?
Cera Sanitaryware buyback is a tender offer.
What is the Cera Sanitaryware buyback price?
Cera Sanitaryware’s buyback price is INR 12,000 per share.
What is the Cera Sanitaryware buyback record date?
The Cera Sanitaryware buyback record date is 16 August 2024.
How to participate in Cera Sanitaryware share buyback?
Cera Sanitaryware share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
