HomeIPOExxaro Tiles Limited IPO Details

Exxaro Tiles Limited IPO Details

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Exxaro Tiles IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Exxaro Tiles

Exxaro Tiles is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. Exxaro Tiles commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. The business operations are broadly divided into two product categories:

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Double Charge Vitrified Tiles: Double charge vitrified tiles are tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects.

Glazed Vitrified Tiles: Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption. These tiles are coated with glaze materials prior to the firing process.

Important Details – Exxaro Tiles

DateDetails
January 2, 2008The company was incorporated at Himmatnagar as ‘Ricasil Ceramic Industries Private Limited’ as a private and joint stock company under Part IX of the Companies Act, 1956, with the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli pursuant to conversion of M/s. Ricasil Ceramic Industries, a partnership firm.
February 12, 2018Pursuant to a special resolution passed by the shareholders of the company at the extra-ordinary general meeting held on , the name of the Company was changed to Exxaro Tiles Private Limited.
December 9, 2020The company was converted into a public limited company
December 28, 2020The name of the company was changed to its present name ‘Exxaro Tiles Limited’

Objects of the Issue

  1. Prepayment/repayment of certain secured borrowings availed by our Company;
  2. Funding the working capital requirements of the Company; and
  3. General corporate purposes.

Exxaro Tiles Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in million)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,693.14 3,870.55 3,582.55
Total income 2,598.53 2,439.64 2,440.06
Profit After Tax 152.23 112.59 89.17

Exxaro Tiles IPO Price – Details

DescriptionDetails
Public IssueInitial Public offer of 13,424,000 Equity Shares of ₹ 10
(aggregating up to ₹ 161.09 Cr) comprising a Fresh Issue 11,186,000 Eq Shares of ₹ 10 (aggregating up to ₹ 134.23 Cr) and an Offer for Sale of up to 2,238,000 equity shares (aggregating up to ₹ 26.86 Cr)
Issue Open  Date04-Aug-21
Issue Close Date06-Aug-21
Issue TypeBook Building
IPO Price Band₹ 118 – ₹ 120
Face Value ₹ 10
Market Lot 125 Equity Shares and in multiples thereof
Minimum Order Quantity 125 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolEXXARO
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Exxaro Tiles IPO DRHP & RHP

Exxaro Tiles IPO DRHP
Exxaro Tiles IPO RHP

Exxaro Tiles IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1125₹ 15,000
Maximum131625₹ 1,95,000

Exxaro Tiles IPO Lead Managers

  • Pantomath Capital Advisors Private Limited

Exxaro Tiles Registrar

Exxaro Tiles IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on04-Aug-21
Bid / Offer Closes on06-Aug-21
Finalisation of Basis of Allotment11-Aug-21
Initiation of refunds 12-Aug-21
Credit of the Equity Shares13-Aug-21
Commencement of trading – Listing17-Aug-21

Company Registered Office

Survey No. 169 & 170, Vavdi Harsol Road,
At & Po.: Mahelav,
Taluka: Talod,
District.: Sabarkantha – 383 305,
Gujarat, India;
Tel: +02772-350555

Company Promoters

  • Mr. Mukeshkumar Patel
  • Mr. Kirankumar Patel
  • Mr. Dineshbhai Patel and
  • Mr. Rameshbhai Patel

Exxaro Tiles IPO – FAQS

When Exxaro Tiles IPO will open ?

The Exxaro Tiles IPO opens on Aug 04, 2021 and closes on Aug 06, 2021

What is the lot size of Exxaro Tiles IPO ?

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

What is the price band for Exxaro Tiles IPO ?

The Exxaro Tiles IPO price band at ₹ 118 – ₹ 120 per share

Who is the Registrar for Exxaro Tiles IPO ?

The Registrar is Link Intime India Private Limited

How to apply in Exxaro Tiles IPO through UPI?

Check the step by step process here – Click here

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