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.
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.
- 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.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||108.52||112.59||89.17||91.42|
Exxaro Tiles IPO Promoter Holding:
|Pre Issue Share Holding||56.09%|
|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).
Exxaro Tiles IPO Details:
|IPO Opening Date||4 August 2021|
|IPO Closing Date||6 August 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹118 to ₹120 per equity share|
|Market Lot||125 Shares|
|Min Order Quantity||125 Shares|
|Listing At||BSE, NSE|
|Issue Size||13,424,000 Eq Shares of ₹10|
(aggregating up to ₹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)
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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
Exxaro Tiles IPO FAQs
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.
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.
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 Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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