Bids open tomorrow for Cera Sanitaryware's Rs 130-crore share buyback

Cera Sanitaryware, which approved its Rs 130-crore share buyback earlier in the month, will open the bids for the same tomorrow, i.e., August 22, and will close the bidding on August 28.

The eligible shareholders can place a bid for the buyback during this period. The company has further informed that the last date of completion of settlement of bids will take place on or before September 4.

For the category reserved for the small shareholders, they are entitled to one equity share for every 22 shares held on the record date, while the ratio of buyback entitlement for the general category shareholder is one equity share for every 135 shares held on the record date.


Ambit Private Limited is the manager for the buyback, while LinkIntime is the registrar.

This is the second instance of the company buying back the shares. Before this, the company bought back the shares in 2006, according to Trendlyne data.

As of the pre-buyback structure, the promoter and promoter group holds 54.5% of the holding in the company, while the remaining 65.4% rests in the hands of public shareholders like mutual funds, foreign portfolio investors, and NRIs, among others.

The shares of Cera Sanitaryware have risen 14% in the last year and on a year-to-date basis, the stock has surged 23%. In the last 6 months, the stock has gained over 30%. In a span of 2 years, the stock has more than doubled in value.

Cera Sanitaryware shares were trading 0.8% higher at Rs 9,767.45 on BSE around 11:30 am.

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