Exxaro Tiles Limited IPO

Mainboard

Ceramics/Marble/Granite/Sanitaryware

Listed On: Aug 16, 2021 at ₹ 126.0 (NSE)

₹ 15000 /125 Shares

Check Allotment

Price Summary

Last Closing

93.00 (-22.5%)

52 Week High

126.05

52 Week Low

75.99

Last Update

25-Nov-2024 3:30 PM

IPO Details

04 Aug, 2021

Open Date

06 Aug, 2021

Close Date

11 Aug, 2021

Allotment Date

16 Aug, 2021

Listing Date

Issue Price

₹118-120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

126.0 (NSE)

Listing Date

2021-08-16

Market Lot

125 Shares (₹15,000/-)

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

3,424,000 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)

Retail Portion

40%

Subscription

22.68 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	13,15,550	46,04,425	52,62,200	2,68,500	114,50,675
Day 1 - 04-08-21 05:00 PM	1.11 x	0.65	9.29 x	0.74 x	4.67 x
Day 2 - 05-08-21 05:00 PM	1.64 x	0.93	21.11 x	1.56 x	10.30 x
Day 3 - 06-08-21 08:00 PM	17.68 x	5.36	40.10 x	2.52 x	22.68 x

Total No. of Applications: 1443239 (Approx)

Retail Subscription on the basis of Applications: 34.28 times

Valuations

Earnings Per Share (EPS)

₹3.42/-

P/E Ratio

35.09

RoNW

11.88%

Net Asset Value (NAV) - As on 31.03.21

₹38.2

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	369.31	387.05	358.25
Revenue	259.85	243.96	244.00
Profit After Tax	15.22	11.25	8.91

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Exxaro Tiles	3.14	35.09	11.88%	259.85
Kajaria Ceramics	8.23	51.24	16.07%	2,802.20
Asian Granito India Ltd	1.14	12.31	9.30%	1,293.64
Orient Bell Ltd	2.11	40.06	5.27%	504.34
Somany Ceramics	4.76	53.76	8.86%	1,663.24

IPO - Ratings

Canara Bank	Subscribe
JM Financial Institutional Securities	Neutral
KR Choksey Securities Ltd	Subscribe
Reliance Securities	Neutral
SMC Global	Subscribe

- Promoter(s)

Pre Issue Share Holding: 56.09%

Post Issue Share Holding: 42.5%

Company Promoter(s)

Mr. Mukeshkumar Patel
Mr. Kirankumar Patel
Mr. Dineshbhai Patel
Mr. Rameshbhai Patel

IPO - Issue Objectives

To make repayment or prepayment of secured borrowings availed by the company.
To meet working capital requirements.
Meet general corporate purposes.

IPO - Anchor Investors

Exxaro Tiles raises Rs 23.68 crore from anchor investors, ahead of IPO
Quant Mutual Fund through its Quant Active Fund and Quant Small Cap Fund bought 7,78,250 equity shares each, and AG Dynamic Funds acquired 4,16,825 equity shares, the company added.

IPO - FAQs

Ans. Exxaro Tiles Limited IPO is a Mainboard IPO. The issue is priced at ₹118-120 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.

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

Ans. The size of Exxaro Tiles Limited IPO is 3,424,000 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).

Ans. The IPO price band is set between ₹118-120 per equity share.

Ans. To apply for Exxaro Tiles Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Exxaro Tiles Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Exxaro Tiles Limited IPO is Aug 11, 2021.

Ans. The Exxaro Tiles Limited IPO will be listed on Aug 16, 2021.

Ans. Follow the steps to check the allotment status for Exxaro Tiles Limited IPO here.