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CERA Sanitaryware Buyback 2024 vs Chaman Lal Setia Exports Buyback 2024

Comparision between CERA Sanitaryware Buyback 2024 and Chaman Lal Setia Exports Buyback 2024.

Buyback Details

CERA Sanitaryware Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Chaman Lal Setia Exports Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  CERA Sanitaryware Limited Chaman Lal Setia Exports Ltd.
Logo CERA Sanitaryware Buyback 2024 Logo Chaman Lal Setia Exports Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹2 per share
Buyback Price ₹12000 per share ₹300 per share
Issue Size 1,08,333 shares 20,07,930 shares
Issue Size (Amount) ₹130.00 Crores ₹60.24 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders21 Equity Shares out of every 251 Fully paid-up Equity Shares held on the Record Date.3,01,190
General Category for all other Eligible Shareholders24 Equity Shares out of every 677 Fully paid-up Equity Shares held on the Record Date.17,06,740
Registrar Link Intime India Private Ltd Beetal Financial & Computer Services (P) Limited
Lead Managers Ambit Private Limited Corporate Professionals Capital Private Ltd
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, 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.

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
    The buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.

Buyback Timetable

CERA Sanitaryware Buyback 2024 and Chaman Lal Setia Exports Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CERA Sanitaryware Buyback 2024 Buyback record date is Aug 16, 2024. Chaman Lal Setia Exports Buyback 2024 Buyback record date is Aug 19, 2024.

  CERA Sanitaryware Limited Chaman Lal Setia Exports Ltd.
Record Date Aug 16, 2024 Aug 19, 2024
Offer Open Date Aug 22, 2024 Aug 23, 2024
Offer Closure Date Aug 28, 2024 Aug 29, 2024
Last date for receipt of tender forms Sep 02, 2024 Aug 29, 2024
Finalisation of buyback Sep 03, 2024 Sep 04, 2024
Last Date for settlment of bids Sep 04, 2024 Sep 05, 2024
Last Date for extinguishment of shares Sep 13, 2024 Sep 17, 2024

Financial Details and Other Relevent Information

Comparison of CERA Sanitaryware Buyback 2024 and Chaman Lal Setia Exports 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.

  CERA Sanitaryware Limited Chaman Lal Setia Exports Ltd.
Financial

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

Chaman Lal Setia Exports Limited Financial Information (Restated Standalone)

Chaman Lal Setia Exports Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets
Revenue1,365.21,398.82936.36
Profit After Tax115.64117.6764.98
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.20 202.75 220.11
Jun-2024 223.05 185.00 208.47
May-2024 233.00 199.40 217.73
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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 237.50 203.29 223.30
Jun-2024 223.50 183.35 208.40
May-2024 233.40 197.75 217.15

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