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Exxaro Tiles Limited IPO (Exxaro Tiles IPO) Detail

Aug 4, 2021 - Aug 6, 2021

Incorporated in 2008, Exxaro Tiles is engaged in the manufacturing and marketing activities of vitrified tiles. The company manufactures Double Charge Vitrified Tiles (double layer pigment) and Glazed Vitrified Tiles made from ceramic materials i.e. clay, quartz, and feldspar. Its product portfolio consists of 1000+ different designs of tiles in 6 sizes. Topaz Series, Galaxy Series, and High Gloss Series are some of the well-established products of the company.

It supplies its products to large infrastructure projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, religious institutions, etc. It also exports tiles to different countries across the globe i.e. Poland, Bosnia, USA, and others.

Currently, Exxaro Tiles has 2 state-of-the-art manufacturing facilities in Padra and Talod with an installed production capacity of 1,32,00,000 sq mt per annum. It further has 6 display centers in 6 cities and 2 marketing offices in Delhi and Morbi.

Competitive Strengths

  • Variety of vitrified tiles design choices in different sizes.  
  • Large dealer network with 2,000+ registered dealers.
  • Strong PAN India presence in 27 states of India.
  • International presence with export to 13+ countries across the globe.
  • One of the largest manufacturing plants of glazed vitrified tiles in India.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,693.14 3,870.55 3,582.55
Total Revenue 2,598.53 2,439.64 2,440.06
Profit After Tax 152.23 112.59 89.17

Objects of the Issue

  • To make repayment or prepayment of secured borrowings availed by the company.
  • To meet working capital requirements.
  • Meet general corporate purposes.

Exxaro Tiles IPO Details

Exxaro Tiles IPO Date Aug 4, 2021 to Aug 6, 2021
Exxaro Tiles IPO Face Value ₹10 per share
Exxaro Tiles IPO Price ₹118 to ₹120 per share
Exxaro Tiles IPO Lot Size 125 Shares
Issue Size13,424,000 shares of ₹10
(aggregating up to ₹161.09 Cr)
Fresh Issue11,186,000 shares of ₹10
(aggregating up to ₹134.23 Cr)
Offer for Sale2,238,000 shares of ₹10
(aggregating up to ₹26.86 Cr)
Employee Discount 12
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, and Mr. Rameshbhai Patel are the company promoters.

Exxaro Tiles IPO Timeline (Tentative Timetable)

Exxaro Tiles IPO opens on Aug 4, 2021, and closes on Aug 6, 2021. The Exxaro Tiles IPO bid date is from Aug 4, 2021 10.00 A.M. to Aug 6, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Exxaro Tiles IPO Opening Date Aug 4, 2021
Exxaro Tiles IPO Closing Date Aug 6, 2021
Basis of Allotment Aug 11, 2021
Initiation of Refunds Aug 12, 2021
Credit of Shares to Demat Aug 13, 2021
Exxaro Tiles IPO Listing Date Aug 16, 2021

Exxaro Tiles IPO Lot Size

The Exxaro Tiles IPO lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹195,000).

Application Lots Shares Amount
Retail (Min) 1 125 ₹15,000
Retail (Max) 13 1625 ₹195,000

Exxaro Tiles IPO Promoter Holding

Pre Issue Share Holding 56.09%
Post Issue Share Holding 42.5%

Exxaro Tiles IPO Review

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...


Exxaro Tiles IPO Subscription Status (Bidding Detail)

The Exxaro Tiles IPO is subscribed 22.65 times on Aug 6, 2021 6:50:00 PM. The public issue subscribed 40.05 times in the retail category, 17.67 times in the QIB category, and 5.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 34.48 times

CategorySubscription (times)
QIB17.67
NII5.36
Retail40.05
Employee2.53
Total22.65

Exxaro Tiles IPO Prospectus

Exxaro Tiles IPO Rating

701
3.9
Rating:Rated 3.9 stars
Vote Here ...

Exxaro Tiles IPO Listing Date

Listing Date Monday, August 16, 2021
BSE Script Code 543327
NSE Symbol EXXARO
Listing In T Group of Securities
ISIN INE0GFE01018
IPO Price ₹120 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹120.00
₹126.00
₹126.00
₹132.30
₹132.25
NSE
₹120.00
₹126.00
₹126.00
₹132.30
₹132.30

Company Contact Information

Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
Mahelav, Taluka: Talod, Sabarkantha - 383 305

Phone: +02772-350555
Email: cs@exxarotiles.com
Website: http://www.exxarotiles.com/

Exxaro Tiles IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: exxaro.ipo@linkintimeindia.co.in
Website: https://linkintime.co.in/

Exxaro Tiles IPO FAQs

Exxaro Tiles IPO is a main-board IPO of 13,424,000 equity shares of the face value of ₹10 aggregating up to ₹161.09 Crores. The issue is priced at ₹118 to ₹120 per share. The minimum order quantity is 125 Shares.

The IPO opens on Aug 4, 2021, and closes on Aug 6, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Exxaro Tiles IPO using UPI as a payment gateway. Zerodha customers can apply in Exxaro Tiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Exxaro Tiles IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Exxaro Tiles IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Exxaro Tiles IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.

Exxaro Tiles IPO lot size is 125 Shares and the minimum order quantity is .

You can apply in Exxaro Tiles IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Exxaro Tiles IPO will be done on Aug 11, 2021, and the allotted shares will be credited to your demat account by Aug 13, 2021. Check the Exxaro Tiles IPO allotment status.

The Exxaro Tiles IPO listing date is on Monday, August 16, 2021.
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Exxaro Tiles IPO Message Board

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312 Comments

167. rsk |   Link |Aug 31, 2021 6:45:31 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
20% circuit from today, trigger at ~ 165
166. Happy Go Lucky |   Link |Aug 30, 2021 9:43:47 AM
Back to back 5% upper Circuit, today.
165. aaravvshl |   Link |Aug 28, 2021 4:29:03 PM
Its almost been half of a month i still haven''t received my refund which i Was applied for EXXARO tiles and divyani ipo, not getting any help From bank end please help me what to do, i made payment from upi mode in Paytm(Axis Bank)
165.1. Happy Go Lucky |   Link |Aug 28, 2021 6:07:33 PM
Hi,
Please send the mail to respective registrars & company secretary of the Company. Attach the proof of non receipt of shares. Keep your bank in loop. You will get the email Id''s in the respective issue page.
164. Happy Go Lucky |   Link |Aug 27, 2021 12:04:15 PM
Good days ahead for Exxaro, today it has 5% upper circuit. Lets see.
164.1. Happy Go Lucky |   Link |Sep 15, 2021 3:47:54 PM
Happy days for those who are still holding the Exxaro Shares. I am still holding 713 shares allotted to me. I am expecting a further rise.
163. Growing.... |   Link |Aug 23, 2021 2:57:30 PM
Can i sell l my holdings and buy again in exxaro on sat day?
162. Monster Zero |   Link |Aug 18, 2021 9:15:41 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
Dear Sir/Madam,
Subject: Outcome of Board Meeting held on August 18, 2021
With reference to the subject matter, we wish to inform that the Board of Directors of the Company in its meeting held on August 18, 2021, which commenced at 06.00 PM and concluded at 07.00 PM, has inter- alia, considered and approved / taken on record the following business:
1. Adoption of Dividend Distribution Policy:Adopted Dividend Distribution Policy in terms of which the Company shall make dividend distribution in the range of 5% to 10% of post-tax net profits subject to the policy framework. Notably, the Company is not required to have formal dividend policy, however the Board of Directors of the Company has adopted a formal dividend distribution policy as a gesture of good corporate governance and shareholder returns optimization and the same is available on the website of the Company www.exxarotiles.com .
2. Finance Cost Savings:
a. Bank Loan: Utilizing the issue proceeds partially, our Company has prepaid our existing long term debt of INR 48.63 Crores, as per our specific Objects Clause in the Prospectus. Post such pre-payment, the debt-equity ratio of the Company, as on date stands at 0.18 as against 1.18 as on 31% March 2021.
b. Reduction in Interest on certain Working Capital Facility: The Company''s interest on certain working capital facility is reduced to 7.5 %P.A., as against earlier rate of interest of 12.54%P.A. c. The above measures would result into substantial saving in annual finance cost of the Company.
We are requested to kindly take the same on record. Thanking You
Yours Faithfully
For Exxaro Tiles Limited
162.3. Eklavya |   Link |Aug 19, 2021 9:49:02 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
So can we expect a slight jump in the price in coming days?
162.4. Monster Zero |   Link |Aug 19, 2021 11:55:38 AM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
The best part here is that, they are using the IPO money in right way. And the adoption on dividend policy is another plus point. Investor friendly company.
161. Subbiah Ramanathan |   Link |Aug 18, 2021 8:39:50 PM
though plutus & morgan stanley sold in bulk, VAIBHAV doshi, has bought it in bulk, hence again short term upward movement is likely.
160. Arjun Rajkot |   Link |Aug 10, 2021 9:26:30 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Lisitng Will be 10% up.

Thereafter UCs to continue.
Trill!
160.7. Vantage |   Link |Aug 17, 2021 12:59:07 PM
@Arjun Rajkot
It looks like exxaro isnt going to hit the 5pc Upper ckt anytime soon
160.8. Hyderabad Ipo lover |   Link |Aug 18, 2021 5:24:34 PM
@Arjun Disappointed with your view.
159. Monster Zero |   Link |Aug 17, 2021 7:48:04 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
Subject: Intimation regarding Closure of Trading Window Dear Sir/Madam, Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and further clarification issued by the Stock Exchanges in this regard, we wish to inform you that the Trading Window for trading in Equity Shares of the Company will remain close from Monday, August 16, 2021 till end of 48 hours after the declaration of Financial Results for the Quarter and Half Year ending September 30, 2021. During the closure of Trading Window, insiders have been advised not to deal in Equity Shares of the Company. The date of the Board Meeting of the Company for declaration of Financial Results for the Quarter and Half Year ending September 30, 2021 will be intimated in due course. You are requested to kindly take the same on record. Thanking You Yours Faithfully For Exxaro Tiles Limited
158. lokes |   Link |Aug 17, 2021 11:18:23 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
After unfavorable market conditions, it stopped after 1st UC only, today its down....so many people here thinking it will be in continuous UC for some days like previous other T2T stocks but market is supreme.....still it gave around 10% on listing day
157. rsk |   Link |Aug 16, 2021 9:28:17 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
16-Aug-21      EXXARO      Exxaro Tiles Limited      PLUTUS WEALTH MANAGEMENT LLP      SELL      257235      127.67      -
16-Aug-21      EXXARO      Exxaro Tiles Limited      MORGAN STANLEY ASIA SINGAPORE PTE      SELL      254380      127.07      -
156. Regulagedda Ambica Prasad |   Link |Aug 16, 2021 7:09:28 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Started bottom fishing at 126. Landed with marginal gain at the end of the day.
155. InvestWithKrishna |   Link |Aug 16, 2021 10:06:00 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Exxaro locked in UC
155.2. InvestWithKrishna |   Link |Aug 16, 2021 11:00:25 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
1 lot hi hai Sirji, will not sell for now
155.3. Cautious ipo |   Link |Aug 16, 2021 6:44:43 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Enjoy 3 upper circuit back 2 back
154. The New Learner |   Link |Aug 16, 2021 10:24:09 AM
Why UC is showing at ~132? It should be 20% above the listing price (like in other ipo), right?
154.2. The New Learner |   Link |Aug 16, 2021 1:53:54 PM
Thanks for the info
154.3. Kuberji |   Link |Aug 16, 2021 4:01:31 PM
I thought UC doesn''t apply on listing day.
153. Monster Zero |   Link |Aug 16, 2021 2:58:56 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
UC again..♥️... bought 500 @127... Happy with this small t2t baby...
152. Venkatram |   Link |Aug 16, 2021 10:36:16 AM
Top Contributor Top Contributor (200+ Posts)
@Arjun Rajkot, any update on Exxaro listing?
151. Avenue |   Link |Aug 16, 2021 10:15:45 AM
I am unable to login ICICIDirect.com.
Is anybody else facing this issue ?
150. Noorul Khan |   Link |Aug 16, 2021 10:03:02 AM
Sold half of my holding at u.circuit..
150.1. MRavichandran |   Link |Aug 16, 2021 10:08:21 AM
IPO Guru IPO Guru (1600+ Posts, 2100+ Likes)
good job Noorul
149. MRavichandran |   Link |Aug 16, 2021 10:03:58 AM
IPO Guru IPO Guru (1600+ Posts, 2100+ Likes)
132 and upper circuit, going great.
148. IpoChahiye |   Link |Aug 16, 2021 9:41:04 AM
Per open link-

https://www1.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=EXXAROBEG&symbol=EXXARO