Exxaro Tiles Ltd. IPO
Exxaro Tiles Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹120
Issue Price
Listing Price
₹126
Listing Price
Listing Gains
+₹6.00 (+5.00%)
Listing Gains
IPO Details
Bidding Dates
04 Aug - 06 Aug '21
Bidding Dates
Min. Investment
₹14,750
Min. Investment
Lot Size
125.00
Lot Size
Price Range
₹118 - ₹120
Price Range
Issue Size
158 Cr
Issue Size
Subscription Rate
- Retail Individual Investor39.85x
- Non-Institutional Investor5.36x
- Qualified Institutional Buyers17.67x
- Employees2.53x
About Company
The Exxaro Tiles IPO issue size of Rs 161 crore comprises a fresh issue of Rs 134.23 crore (11,186,000 equity shares of face value of Rs 10 each) and an offer for sale (OFS) of 2,238,000 equity shares (aggregating up to Rs 26.86 crore). The price band for the Exxaro Tiles IPO is Rs 118-120.
Exxaro Tiles manufactures and markets vitrified tiles. The company specialises in the manufacture of Double Charge Vitrified Tiles (double layer pigment) and Glazed Vitrified Tiles made from ceramic materials like clay, quartz, and feldspar. With a product portfolio of 1000+ different designs of tiles, the company supplies its products to large infrastructure projects. It also exports tiles to different countries across the globe. Currently, Exxaro Tiles has two state-of-the-art manufacturing facilities in Padra and Talod with an installed production capacity of 1,32,00,000 sq mt per annum.
Exxaro Tiles Ltd. IPO Latest News and Subscription Status Today (Live)
Exxaro Tiles IPO was subscribed 22.65 times. Retail Individual Investors (RIIs) subscribed to the issue 40.05 times over the three-day period. The qualified institutional buyers (QIBs) have subscribed to this issue 17.67 times, while non-institutional investors have subscribed to it 5.36 times.
Why should you invest in Exxaro Tiles Ltd. IPO?
The post-issue FY2021 PE for the Exxaro Tiles IPO works out to be 35.2x at the upper end of the issue price band, which is lower than its peers Somany Ceramics (43.7x) and Kajaria Ceramics (52.7x).
Exxaro has had better revenue growth compared to its peers over the FY18-21 period. The company has a strong product portfolio supported by a larger dealer network.
Exxaro Tiles Ltd. IPO - SWOT Analysis
With an excess of 2,000 registered dealers, Exxaro Tiles has a pan-India presence across 24 states/union territories. The company has forged long term relationships with most of its dealers. With a product portfolio of 1000+ designs categorised into various series, the company has a strong focus on innovation and quality
Volatility in the supply and pricing and availability of raw material is a key area of concern for the company as it may have an adverse effect on the business. Also, the business is dependent on the performance of the real estate, infrastructure and other related industries. Any uncertainty in these sectors can adversely impact the demand.
How to apply for Exxaro Tiles Ltd. IPO?
You can apply for the Exxaro Tiles Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
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