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August 4, 2021 - August 6, 2021

Exxaro Tiles IPO Review & Recommendations

Arihant Capital Markets Ltd, Canara Bank, Hem Securities and SMC Global have given "Apply" recommendation to Exxaro Tiles IPO. Arun Kejriwal, Capital Market and Dilip Davda have given "May Apply" recommendation to Exxaro Tiles IPO. AUM Capital Ltd, JM Financial Institutional Securities and Reliance Securities have "Neutral" view about the IPO.

Exxaro Tiles IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 4 3 3 0 0
% 40.00 30.00 30.00 0.00 0.00

Exxaro Tiles IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Arihant Capital Markets LtdExternal link Apply
Arun KejriwalExternal link May Apply
AUM Capital LtdExternal link Neutral
Canara BankExternal link Apply
Capital MarketExternal link May Apply
Dilip Davda May Apply
Hem SecuritiesExternal link Apply
JM Financial Institutional SecuritiesExternal link Neutral
Reliance SecuritiesExternal link Neutral
SMC GlobalExternal link Apply

Exxaro Tiles IPO Capital Market Rating

The Captial Market ( rating for Exxaro Tiles IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer Rating Score Rating
Capital Market 45 May subscribe

Exxaro Tiles IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company is in the highly competitive field having fragmented (big and small) players. Based on super earnings of FY21, the issue is at a P/E of 35+ and is fully priced. Being IPO under Rs. 250 cr. it will list in T2T with lower circuit limits and this may restrict speculative moves. Hence cash surplus/risk seekers may consider investing in this “high risk - low return” issue. Read detail review...

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