Exxaro Tiles

Exxaro Tiles IPO Review

Exxaro Tiles is occupied with assembling and showcasing vitrified tiles utilized for ground surface arrangements. Beginning in 2007-08 as a maker of crude material for tiles, the organization has broadened, extended and developed into a producer for vitrified tiles. The organization’s business tasks are comprehensively isolated into two item classifications – Double Charge Vitrified Tiles and Glazed Vitrified Tiles 

The organization supplies its items for the most part in 6 sizes. It has more than 1000 plans in its item container, which are showcased under the “Exxaro” brand. Exxaro likewise supplies divider tiles to its sellers wherein it gets the items made on re-appropriated premises.. 

As of March 2021, the organization has in excess of 2,000 enlisted vendors in 27 states obliging different ventures including private, business, instructive foundations, lodgings, clinics, government, strict establishments, manufacturers/designers, and so on Exxaro likewise supplies items for huge foundation related tasks. Globally, it supplies items in more than 13 nations including Poland, UAE, Bosnia and so on For the nine months finished 31 December 2020, its income from trades contributed 18.34% to its top line.

Subscription Dates

4 – 6 August 2021

Price Band

INR118 – 120 per share

Fresh issue

11,186,000 shares

Offer For Sale

2,238,000 shares

Total IPO size

13,424,000 shares

Minimum bid (lot size)

125 shares

Face Value 

INR10 per share

Retail Allocation

35%

Listing On

NSE, BSE

 

FY2018

FY2019

FY2020

FY2021

Revenue

221.2

244.0

244.0

259.9

Expenses

205.9

236.3

231.8

242.7

Net income

9.1

9.0

11.3

15.3

Margin (%)

4.1

3.7

4.6

5.9

Earnings Per Share (EPS): INR4.54

Price/Earnings (PE ratio): 25.99 – 26.43

Return on Net Worth (RONW): 11.88%

Net Asset Value (NAV): INR38.20 per share

Date

Exxaro IPO GMP

Kostak

Subject to Sauda

14 August 2021

INR10

13 August 2021

INR10

12 August 2021

INR7

11 August 2021

INR10

10 August 2021

INR10

9 August 2021

INR10

Listing Performance of Exxaro Tiles IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Exxaro Tiles Limited

Aug 16, 2021

120

132.25

10.21

NSE : EXXARO

BSE : 543327

ISIN CODE : INE0GFE01018

Angel Broking – Subscribe

Arihant Capital – Subscribe

Choice Broking – Avoid

Hem Securities – Subscribe

Marwadi Financial Services – Subscribe with caution

SMC Global – 1.5/5

IPO Opening Date: 4 August 2021

IPO Closing Date: 6 August 2021

Finalisation of Basis of Allotment: 11 August 2021

Initiation of refunds: 12 August 2021

Transfer of shares to demat accounts: 13 August 2021

Listing Date: 16 August 2021

Opening Price on NSE: INR126 per share (up 5% from IPO price)

Closing Price on NSE: INR132.3 per share (up 10.25% from IPO price)

Exxaro Tiles Limited

Survey No. 169 & 170,

Vavdi Harsol Road,

Mahelav, Taluka: Talod,

District.: Sabarkantha – 383 305, Gujarat

Phone: +91 02772 350555

Email: cs@exxarotiles.com

Website: www.exxarotiles.com

Link Intime India Private Limited 

C-101, 1st Floor,

247 Park Lal Bahadur Shastri Marg,

Vikhroli (West) Mumbai – 400 083

Phone: +91 22 4918 6200

Fax: +91 22 4918 6195

Email: exxaro.ipo@linkintime.co.in

Website: http://www.linkintime.co.in

Category

Shares Offered

Day 1

Day 2

Day 3

QIB

13,15,550

0.95

1.65

17.67

NII

46,04,425

0.65

0.93

5.36

Retail

52,62,200

9.24

21.10

39.82

Employees

2,68,500

0.74

1.56

2.53

Total

1,14,50,675

4.63

10.29

22.55

Exxaro Tiles IPO FAQ's

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 initial public offering (IPO) begins on Aug 4, 2021 and ends on  Aug 6, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.



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.

Exxaro Tiles IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The 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 Comments