Cera Sanitaryware Limited Buyback 2024
1. Cera Sanitaryware Limited, established in 1980, is a leading manufacturer and supplier of sanitaryware and bathroom solutions in India. The company is headquartered in Ahmedabad, Gujarat, and has established a strong market presence.
2. Founded by Mr. Vikram Somany, Cera has grown significantly over the years, becoming one of the most trusted brands in the Indian sanitaryware market. The company was initially focused on producing basic sanitaryware products, but over time, it has expanded its product portfolio to include a wide range of bathroom solutions.
3. Products : Cera Sanitaryware Limited offers a wide range of products including washbasins, water closets, urinals, bidets, and other sanitaryware. They have a variety of faucets for basins, showers, and kitchens. Their product line also includes wall and floor tiles, wellness products like whirlpools and bathtubs, stainless steel and granite kitchen sinks, and various bathroom accessories such as towel racks and soap dispensers.
4. Market Presence and Distribution: Cera has a robust distribution network, including a widespread presence across India with numerous dealers, distributors, and exclusive showrooms. The company also exports its products to several countries, enhancing its global footprint.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 16 2024 |
| Buyback Opening Date: | Aug 22 2024 |
| Buyback Closing Date: | Aug 28 2024 |
| Buyback Offer Amount: | ₹ 130 Cr. |
| Date of Board Meeting approving the proposal: | Aug 05 2024 |
| Date of Public Announcement: | Aug 05 2024 |
| Buyback Offer Size: | 0.83% |
| Buyback Number of Shares: | 1,08,333 |
| FV: | 5 |
| Buyback Price: | ₹ 12,000 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 1,209 | 1,202 | 1,442 | 1,803 | 1,871 |
| Expenses + | 1,045 | 1,052 | 1,220 | 1,510 | 1,577 |
| Operating Profit | 164 | 150 | 221 | 293 | 295 |
| OPM % | 14% | 12% | 15% | 16% | 16% |
| Other Income + | 14 | 22 | 17 | 25 | 59 |
| Interest | 4 | 4 | 5 | 5 | 5 |
| Depreciation | 33 | 33 | 30 | 30 | 34 |
| Profit before tax | 141 | 134 | 203 | 282 | 314 |
| Tax % | 18% | 25% | 27% | 26% | 24% |
| Net Profit + | 116 | 101 | 149 | 210 | 239 |
| EPS in Rs | 89.14 | 77.89 | 114.84 | 161.2 | 183.89 |
| Dividend Payout % | 15% | 17% | 30% | 31% | 33% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 153510 | 153510 | 153510 | 153510 |
| No. of Shares Buyback | 5 | 8 | 13 | 17 |
| Buyback Profit | 14850 | 23760 | 38610 | 50490 |
| Profit% | 9.67% | 15.48% | 25.15% | 32.89% |
30 Comments
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Only 2 cera share accepted out of 25 different accounts
Hi everyone.
One out of my 3 cera shares got accepted but I didn’t receive any payment. did anyone get 12000 credited? Chamalal on the other hand credited the buyback amount today despite settlement date being 1 day later than cera. can anybody confirm??
My single got accepted.
Hii Gopi ji,
How do you check that 1 share is accepted , Is there any website for check buyback status?
I got mail debit for cera & dhanu 1 share but in my holding Cera is still there dhanu is not there
how did you know?
please tell me
did you get email of contract note
Where to find the ar of buyback without before bill generation as I applied from 14 different accounts. Please share your knowledge on this.
I first got mail of debit than again got mail of credit share in depository.
Sorry for the wrong post. It was another credit to the Bank account.
my all the accounts got rejected for single share buyback
Ya my single cera got rejected too
AR is 01/10 in my case.
siva garu
in my case 1/4 andi
1 out of 10 different accounts or 1 account with 10 shares.
CERA SANITARYWARE Buyback Closed Today
Acceptance Ratio for Single Shareholders will be 1 out of 13.
Maximum One Share will get Accepted in Retail Category that too through LOTTERY
Can any one advise me the procedure to participate in buyback through online from Angelone. Thanks
1) You get an email. You click given link and submit for buyback.
2) You call and inform toll free for buyback submission
3) you email clientcode, share and buyback quantity
What Chances of single share acceptance??
Orders for Buyback has already crossed 1,33,000 so only ~10% chance for Single Share Acceptance.
Buy Back Price : 12,000
Record Date: 16-08-2024
Thank you….
Very small size.Since margin is substantial, bought just one share to participate.
Gopi ji, what you say , one share strategy will work hare
Ramesh ji if it works you stand to gain about ₹2500/ on investing 9500/ If it doesn’t you are going to lose only few hundreds. Why not to take the chance!
Absolutely, thanks Gopi ji
Buybacks before 01.10.2024 may be worth considering.
Thank you
AIA engineering to consider buyback on 7th August
Thank you very much for your kind update.
What is the view on buyback post budget announcements. I think for general tax payers buyback has become loosing proposition. For old investors it is almost neutral at least not worth availing. Can anybody suggest what may be options for tech companies who don’t undertake capex or acquisition. In my opinion they shall be forced to resort to frequent bonuses and increasing Dividends. Thanks