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

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Exxaro Tiles Ltd. IPO

  • Retail Individual Investor
    39.85x
  • Non-Institutional Investor
    5.36x
  • Qualified Institutional Buyers
    17.67x
  • Employees
    2.53x


About Exxaro Tiles Ltd. IPO

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.


SWOT Analysis - Exxaro Tiles Ltd. IPO

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.

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Frequently Asked Questions (FAQs) - Exxaro Tiles Ltd. IPO

When can we expect the Exxaro Tiles IPO allotment?

The Exxaro Tiles IPO allotment status will be available on Jun 21, 2021, as per the timeline provided in the draft red-herring prospectus.

When is Exxaro Tiles IPO getting listed?

The Exxaro Tiles IPO shares will get listed on August 17, 2021. The equity share of Exxaro Tiles will list on BSE, NSE.

What is the expected listing price of the Exxaro Tiles IPO?

The expected listing price of Exxaro Tiles IPO is dependent on a number of factors which include demand for the IPO, nature of the business, market fundamentals and the state of the economy.

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