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Arex Industries Buyback 2024 vs CERA Sanitaryware Buyback 2024

Comparision between Arex Industries Buyback 2024 and CERA Sanitaryware Buyback 2024.

Buyback Details

Arex Industries Buyback 2024 is a Tender Offer buyback proposed to list at BSE while CERA Sanitaryware Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Arex Industries Ltd. CERA Sanitaryware Limited
Logo Arex Industries Buyback 2024 Logo CERA Sanitaryware Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹195 per share ₹12000 per share
Issue Size 3,60,000 shares 1,08,333 shares
Issue Size (Amount) ₹7.02 Crores ₹130.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders127 Equity Shares out of every 753 Fully paid-up Equity Shares held on the Record Date.54,000
General Category for all other Eligible Shareholders64 Equity Shares out of every 761 Fully paid-up Equity Shares held on the Record Date.3,06,000
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Interactive Financial Services Ltd Ambit Private Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding.
  2. The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit many public shareholders who would be classified as "small shareholders".
  3. The buyback may help in improving financial ratios like return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares, thereby, enhancing the overall return to shareholders;
  2. 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;
  3. 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; and
  4. 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.

Buyback Timetable

Arex Industries Buyback 2024 and CERA Sanitaryware Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Arex Industries Buyback 2024 Buyback record date is Sep 07, 2024. CERA Sanitaryware Buyback 2024 Buyback record date is Aug 16, 2024.

  Arex Industries Ltd. CERA Sanitaryware Limited
Record Date Sep 07, 2024 Aug 16, 2024
Offer Open Date Sep 12, 2024 Aug 22, 2024
Offer Closure Date Sep 19, 2024 Aug 28, 2024
Last date for receipt of tender forms Sep 19, 2024 Sep 02, 2024
Finalisation of buyback Sep 26, 2024 Sep 03, 2024
Last Date for settlment of bids Sep 26, 2024 Sep 04, 2024
Last Date for extinguishment of shares Oct 07, 2024 Sep 13, 2024

Financial Details and Other Relevent Information

Comparison of Arex Industries Buyback 2024 and CERA Sanitaryware Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Arex Industries Ltd. CERA Sanitaryware Limited
Financial

Arex Industries Ltd. Financial Information (Restated)

Arex Industries Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 263% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets52.6958.45
Revenue51.145.1653.82
Profit After Tax2.540.73.7
Net Worth31.6129.0728.37
Amount in ₹ Crore

CERA Sanitaryware Limited Financial Information (Restated Consolidated)

CERA Sanitaryware Limited's revenue increased by 5% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,845.531,676.64
Revenue1,938.921,838.881,469.48
Profit After Tax241.32211.05152.95
Reserves and Surplus1,166.131,339.281,008.65
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2024 198.50 160.00 185.33
Jul-2024 159.70 140.10 149.84
Jun-2024 163.00 137.35 150.73

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 9640.00 8619.80 8969.33
Jun-2024 9450.85 6799.10 7952.49
May-2024 7299.00 6700.00 7021.31
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 9650.00 8630.45 8967.95
Jun-2024 9450.00 6780.05 7950.99
May-2024 7301.00 6703.00 7021.62

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