Exxaro Tiles IPO

IPO Status: Closed [4th Aug 2021 to 6th Aug 2021]

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Exxaro Tiles IPO Details

Exxaro Tiles, a tile manufacturing company IPO of Rs. 161.09 Cr opens for subscription on 4 August and closes on 6 August. It is a book-building IPO that price band is fixed at Rs. 118-120, the floor price is 11.8 times and the cap price is 12 times of the face value. The IPO lot size is 125 shares. Stay updated to get a complete update about the Exxaro Tiles IPO including business overview, financials, strengths, weaknesses, and more.

IPO Issue Opening Date: 4th Aug 2021
IPO Issue Closing Date: 6th Aug 2021
IPO Issue Price: ₹118-120
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹161.09 Cr
Offer for Sale: 2,238,000 Eq Shares at ₹118-120 each [Aggregating up to ₹26.86 Cr]
Fresh Issue: 11,186,000 Eq Shares at ₹118-120 each [Aggregating up to ₹134.23 Cr]
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Market Lot: 125 Shares
Min Retail Qty: 125 shares (1 lot)
Max Retail Qty: 1625 shares (13 lots)
Promoter Holding Pre IPO: 56.09%
Promoter Holding Post IPO: TBD
BSE Code: 543327
NSE Code: EXXARO
IPO Live GMPIPO Live GMP

About Company - Exxaro Tiles

Exxaro Tiles is engaged in the manufacturing and marketing of different types of vitrified tiles used for flooring solutions. The product portfolio is mainly categorized into two parts; 1. Double Charge Vitrified Tiles (double pigment layer), and 2. Glazed Vitrified Tiles are made of ceramic materials such as clay, feldspar, quartz, and other additives. It currently has 1,000+ product designs in 6 varied sizes. Topaz Series, Galaxy Series, and High Gloss Series are some of the well-established brand series of Exxaro Tiles.

The firm sells its products to a large dealer network of 2000+ registered dealers. Its products are being supplied for various infrastructure projects whether commercial, residential, educational institutions, hotels, hospitals, government, builders or developers, religious institutions, etc. Its products are not only supplied in the domestic market but also exported to various countries across the globe.

The company has state-of-the-art manufacturing facilities at Padra and Talod, Gujarat with a combined installed production capacity of 1,32,00,000 Sq. mt. per annum. Unit II manufacturing plant is one of the single largest plants for glazed vitrified tiles in India.

Incorporation Sector IPO Issue Size Website
2008 Tiles ₹161.09 Cr http://www.exxarotiles.com/

Exxaro Tiles IPO Objective

  • Repayment or prepayment of the company's secured borrowings.
  • working capital requirements.
  • General corporate purposes.

Exxaro Tiles IPO Important Dates

In this section we have covered all important dates related to Exxaro Tiles IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Exxaro Tiles IPO important dates
IPO Activity Date
IPO Issue Open 4th Aug 2021
IPO Issue Close 6th Aug 2021
Basis of Allotment Finalisation Date* 11th Aug 2021
Refunds Initiation* 12th Aug 2021
Credit of Shares to Demat Account* 13th Aug 2021
IPO Listing Date* 16th Aug 2021

* - Tentative Dates

Exxaro Tiles IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,315,550 Shares
  • Non-Institutional Investors: 4,604,425 Shares
  • Retail Individual Investor: 5,262,200 Shares
  • Employees Quota: 268,500 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered1,315,5504,604,4255,262,200268,50011,450,675
14th Aug 2021 17:031.11x0.65x9.29x0.74x4.67x
25th Aug 2021 17:031.65x0.93x21.11x1.56x10.30x
36th Aug 2021 18:5217.67x5.36x40.05x2.53x22.65x

Exxaro Tiles Financials for past 3 Years

Past performance and financial results of Exxaro Tiles.

Exxaro Tiles financial
Exxaro Tiles Ltd Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹369.31 Cr ₹387.01 Cr ₹356.84 Cr ₹368.90 Cr
Total Income ₹259.86 Cr ₹243.95 Cr ₹244.06 Cr ₹221.25 Cr
Net Profit/Loss ₹15.22 Cr ₹11.26 Cr ₹8.92 Cr ₹9.15 Cr

Exxaro Tiles IPO Strengths

  • Strong product portfolio with 1,000+ products under Double Charge Vitrified Tiles and Glazed Vitrified Tiles Segment.
  • State-of-the-art manufacturing facilities in Gujarat.
  • Strong sales and dealers network with 2000+ registered dealers in India.
  • PAN India presence in 27 states and export to over 13 countries i.e. Poland, UAE, Bosnia, etc.

Exxaro Tiles IPO Threats/Weaknesses

  • COVID-19 may adversely affect the business activities in the form of the shutdown of manufacturing activities, low demand, revenue fall, etc.
  • Business performance is dependent on the performance of the real estate sector, infrastructure, and other related industries.
  • Labor Intensive industry and work stoppages, strikes, etc. may have a material impact on the performance.

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@
  NRI Form ⇒

Exxaro Tiles IPO DRHP >>Document

Exxaro Tiles IPO RHP >>Document

Exxaro Tiles IPO Allotment Status >>Link

Company Address

Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road,
At & Po. Mahelav, Taluka: Talod, District, Sabarkantha ,Gujarat-383 305
India
Website: http://www.exxarotiles.com/
Phone: +02772-350555
Email: [email protected]

Exxaro Tiles IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Exxaro Tiles IPO Lead Manager

  1. Pantomath Capital Advisors Pvt Ltd
Exxaro Tiles IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Exxaro Tiles? Should I apply in Exxaro Tiles IPO?

Last Updated on 2021-08-16T11:40:02+00:00

Exxaro Tiles IPO FAQs

  1. 1. How to subscribe Exxaro Tiles IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Exxaro Tiles IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Exxaro Tiles IPO with Zerodha.

    Alternate approch to apply in Exxaro Tiles IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Exxaro Tiles IPO Review and Important Updates

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  2. 2. How to apply in Exxaro Tiles IPO online?

    Apply in Exxaro Tiles IPO online

    To subscribe or apply in Exxaro Tiles IPO, you can use the following methods:

    Exxaro Tiles IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Exxaro Tiles IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Exxaro Tiles IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Exxaro Tiles IPO. Most of the Syndicate Banks provide access to apply in Exxaro Tiles IPO via ASBA process. You must have your net banking access, DP ID information to apply in Exxaro Tiles IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Exxaro Tiles IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Exxaro Tiles IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Exxaro Tiles IPO?

    Applying in Exxaro Tiles IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Exxaro Tiles IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Exxaro Tiles IPO, please refer article >> Link

    Exxaro Tiles IPO Review and Important Updates

    Steps to download the online application form for Exxaro Tiles IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 125 and max 1625 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Exxaro Tiles IPO?

    Exxaro Tiles IPO is going to be list on 16-08-2021. NSE Code for Exxaro Tiles is EXXARO . BSE Code for Exxaro Tiles is 543327.

    Other relevant questions:

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  5. 5. When Exxaro Tiles IPO will be allocated?

    Exxaro Tiles IPO Allotment Date is 11-08-2021.

    Other relevant questions:

    Exxaro Tiles IPO share allotment date?Exxaro Tiles IPO allotment date?

     

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User Comments

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5. Anil rathod  7/26/2021 3:34:42 AM Reply
Exxaro Tiles IPO expected listing gain.
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4. Bindhu K  7/26/2021 3:34:42 AM Reply
Please confirm Exxaro Tiles IPO GMP (grey market premium) and kostak.
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3. asd  7/26/2021 3:34:42 AM Reply
Exxaro Tiles IPO good or bad.
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2. NILESH PARMAR  7/26/2021 3:34:42 AM Reply
Exxaro Tiles IPO whether to invest or not.
avatar
1. Deep kachhia   7/26/2021 3:34:42 AM Reply
Exxaro Tiles IPO - CRISIL Rating, Apply or not?.






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