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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 Promoters:

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

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

IPO Opening Date Aug 4, 2021
IPO Closing Date Aug 6, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹118 to ₹120 per equity share
Market Lot 125 Shares
Min Order Quantity 125 Shares
Listing At BSE, NSE
Issue Size13,424,000 Eq Shares of ₹10
(aggregating up to ₹161.09 Cr)
Fresh Issue11,186,000 Eq Shares of ₹10
(aggregating up to ₹134.23 Cr)
Offer for Sale2,238,000 Eq Shares of ₹10
(aggregating up to ₹26.86 Cr)
Employee Discount 12

Exxaro Tiles IPO Tentative Timetable

The Exxaro Tiles IPO open date is Aug 4, 2021, and the close date is Aug 6, 2021. The issue may list on Aug 16, 2021.

IPO Open Date Aug 4, 2021
IPO Close Date Aug 6, 2021
Basis of Allotment Date Aug 11, 2021
Initiation of Refunds Aug 12, 2021
Credit of Shares to Demat Account Aug 13, 2021
IPO Listing Date Aug 16, 2021

Exxaro Tiles IPO Lot Size

The Exxaro Tiles IPO market 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 (Cut-off)
Minimum 1 125 ₹15,000
Maximum 13 1625 ₹195,000

Exxaro Tiles IPO Promoter Holding

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

Exxaro Tiles IPO Subscription Status (Bidding Detail)

The Exxaro Tiles IPO is subscribed 22.65 times on Aug 6, 2021 18:50. The public issue subscribed 40.05 in the retail category, 17.67 in the QIB category, and 5.36 in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 34.48 times

CategorySubscription (times)
QIB

17.67

NII

5.36

RII

40.05

Employee

2.53

Total

22.65

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 equity share
Face Value ₹10 per equity 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: http://www.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 equity 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 125 Shares.

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.

Exxaro Tiles IPO Message Board

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