Exxaro Tiles Limited IPO Detail
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.
- 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 PromotersMr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, and Mr. Rameshbhai Patel
|IPO Opening Date||Aug 04, 2021|
|IPO Closing Date||Aug 06, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹118 - 120 per equity share|
|Market Lot||125 Shares|
|Min Order Quantity||125 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹161.09 Cr|
|Fresh Issue||11,186,000 Eq Shares of ₹10 (aggregating up to ₹134.23 Cr)|
|Offer for Sale||2,238,000 Eq Shares of ₹10 (aggregating up to ₹26.86 Cr)|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Exxaro Tiles Limited IPO open date is Aug 04, 2021, and the close date is Aug 06, 2021. The issue may list on Aug 16, 2021.
|IPO Open Date||Aug 04, 2021|
|IPO Close Date||Aug 06, 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|
IPO Lot Size
The Exxaro Tiles Limited IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹195000).
IPO Promoter Holding
|Pre Issue Share Holding||56.09%|
|Post Issue Share Holding||42.5%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
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.