Exxaro Tiles IPO Subscription Status
Exxaro Tiles IPO subscription to start from August 04 to August 06, 2021. The Exxaro Tiles IPO has an issue size of Rs 161 crore. The issue is made up of a fresh issue and an offer for sale (OFS). The Fresh Issue of 11,186,000 Equity Shares stands at Rs 134 crore, while the OFS stands at Rs 26 crore with around 2,238,000 equity shares that carry a face value of Rs 10 per equity share. The price range for the offer has been fixed at Rs 118 to Rs 120 per share.
Exxaro Tiles IPO Subscription Status
| Day | Date | QIB | NII | Retail | Employees | Total |
| Day 1 | 04-Aug-2021 17:00 | 1.11x | 0.65x | 9.29x | 0.74x | 4.67x |
| Day 2 | 05-Aug-2021 17:00 | 1.66x | 0.97x | 21.29x | 1.56x | 10.40x |
| Day 3 | 06-Aug-2021 17:00 | 17.67x | 5.36x | 40.05x | 2.53x | 22.65x |
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:
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.
Exxaro Tiles IPO Price – Details
| Description | Details |
|---|---|
| Public Issue | Initial 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 Date | 04-Aug-21 |
| Issue Close Date | 06-Aug-21 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | EXXARO |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Exxaro Tiles IPO Subscription Status – FAQs
How much Exxaro Tiles IPO subscribed on Day 1?
The Exxaro Tiles IPO subscribed 4.67 times on day 1
How much Exxaro Tiles IPO subscribed on Day 2?
The Exxaro Tiles IPO subscribed 10.40 times on day 2.
How much Exxaro Tiles IPO subscribed on Day 3 ?
The Exxaro Tiles IPO retail subscription is 22.65 times on day 3
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