Exxaro Tiles Limited IPO

Exxaro Tiles was established in 2008 and is a manufacturing and marketing company for vitrified tiles. Clay, quartz, and feldspar are the components used in the manufacture of Double Charge Vitrified Tiles (double layer pigment). Glazed Vitrified Tiles are glazed with double layer pigment. Tiles in 6 sizes are available in a portfolio of more than 1000 designs. Some of the company’s well-established products include the Topaz Series, Galaxy Series, and High Gloss Series.

Exxaro Tiles Limited IPO

Large projects such as residential, educational, commercial, and health care, as well as government, builders or developers, as well as religious institutions consume its products. Tiles are also exported to different countries across the globe, such as. Poland, Bosnia, the United States, and others.

Exxaro Tiles currently operates 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. Additionally, it has 6 display centers in 6 cities and 2 marketing offices in Delhi and Morbi.

Competitive Strengths:

  • Vitrified tiles come in a variety of sizes and designs.
  • A large dealer network with over 2,000 registered dealers.
  • An extensive presence across 27 states of India.
  • With exports to more than 13 countries worldwide, we have an international presence.
  • One of India’s largest manufacturers of vitrified glazed tiles.

Promoters of the company:

Mukeshkumar Patel, Kirankumar Patel, Dineshbhai Patel, and Rameshbhai Patel are the company’s promoters.

Objectives of the Issue:

  • Repayment or prepayment of secured borrowings obtained by the company.
  • Working capital is required to meet business needs.
  • To meet general corporate purposes.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets3,763.503,845.423,568.413,688.97
Total Revenue1,711.902,439.642,440.062,212.49
Profit After Tax108.52112.5989.1791.42

Exxaro Tiles IPO Promoter Holding:

Pre Issue Share Holding56.09%
Post Issue Share Holding

Exxaro Tiles IPO Lot Size:

The Exxaro Tiles IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹195,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum1125₹15,000
Maximum131625₹195,000

Exxaro Tiles IPO Prospectus:

Exxaro Tiles IPO Details:

IPO Opening Date4 August 2021
IPO Closing Date6 August 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹118 to ₹120 per equity share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE
Issue Size13,424,000 Eq Shares of ₹10
(aggregating up to  ₹161.09 Cr)
Fresh Issue11,186,000 Eq Shares of ₹10
(aggregating up to ₹134.23 Cr)
Offer for Sale2,238,000 Eq Shares of ₹10
(aggregating up to ₹₹26.86 Cr)

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 – 400083Phone: +91-22-4918 6270 Email: exxaro.ipo@linkintimeindia.co.in Websitehttp://www.linkintime.co.in

Exxaro Tiles IPO Reviews:

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Company Contact Information:

Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
Mahelav, Taluka: Talod, Sabarkantha – 383 305
Phone: +02772-350555
Email: cs@exxarotiles.com
Websitehttp://www.exxarotiles.com/

Exxaro Tiles IPO FAQs

What is Exxaro Tiles IPO?

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 IPO opens on Aug 4, 2021, and closes on Aug 6, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Exxaro Tiles IPO will open?

The Exxaro Tiles IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.

What is the lot size of Exxaro Tiles IPO?

Exxaro Tiles IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.

How to apply for Exxaro Tiles IPO?

You can apply in Exxaro Tiles IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through ZerodhaUpstox5PaisaEdelweissICICI BankHDFC Bank and SBI Bank.

When Exxaro Tiles IPO allotment?

The finalization of 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.

When is Exxaro Tiles IPO listing date?

The Exxaro Tiles IPO listing date is not yet announced.  The tentative date of Exxaro Tiles IPO listing is Aug 17, 2021.

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