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Exxaro Tiles Limited IPO

Exxaro Tiles Limited IPO

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Listed Price: ₹ 126.00 (+5.00%)

Exxaro Tiles Limited's has transitioned to a publicly listed entity following its IPO debut on 16-08-2021 at the NSE, BSE exchange. The public offering successfully raised 1,34,24,000 Shares, consisting of 1,11,86,000 Sharesin new capital and ₹27.00 Cr in existing shareholder sales.

The IPO featured a competitive price range of ₹118 to ₹120 and minimum application size of 125 shares. Market reception was evidenced through subscription activity between 04-08-2021 and 06-08-2021, reflecting investor appetite for the offering.

Allotment of shares was completed on 11-08-2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Exxaro Tiles IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Exxaro Tiles IPO Key Performance Indicator
Company Financials ( In Lakhs )

Exxaro Tiles IPO About Company

Incorporated in 2008, Exxaro Tiles is engaged in the manufacturing and marketing of vitrified tiles, including Double Charge and Glazed Vitrified Tiles made from ceramic materials like clay, quartz, and feldspar. The company offers over 1,000 designs across six sizes, with popular product lines such as Topaz Series, Galaxy Series, and High Gloss Series. Exxaro supplies its tiles to large infrastructure projects—including residential, commercial, educational, healthcare, and religious institutions—and exports to countries like Poland, Bosnia, and the USA. The company operates two manufacturing facilities in Padra and Talod with an annual production capacity of 1.32 crore sq. mt., along with six display centers and two marketing offices in Delhi and Morbi.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Exxaro Tiles IPO Strength Factors

  1. Wide Tile Variety: Offers vitrified tiles in multiple designs and sizes.
  2. Extensive Dealer Network: Over 2,000 registered dealers across India.
  3. Pan-India Presence: Operations in 27 states across the country.
  4. Global Reach: Exports to 13+ countries internationally.
  5. Large Manufacturing Capacity: One of India’s biggest glazed vitrified tile plants.

Exxaro Tiles IPO Risk Factors

NA


Exxaro Tiles IPO Lead Manager(s)

  • Pantomath Capital Advisor Private Limited

Exxaro Tiles IPO Promoter(s)

  1. Mr. Mukeshkumar Patel
  2. Mr. Kirankumar Patel
  3. Mr. Dineshbhai Patel
  4. Mr. Rameshbhai Patel

Exxaro Tiles IPO Company Details

Exxaro Tiles Limited
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Exxaro Tiles IPO Registrar

Link Intime India Private Limited
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Exxaro Tiles IPO FAQs