Home  »  Ipo Review  »  Exxaro Tiles Ipo

Let’s have a detailed review of the company and analytics of the Exxaro Tiles IPO release date, IPO offer price, subscription, Exxaro Tiles IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
 Price BandRs 118 to Rs 120
Listing AtBSE, NSE
Min. Order Quantity125 Shares
Listing DateAug 17, 2021
Offer for SaleRs 268.60 Million
Fresh IssueRs 1342.30 Million
IPO SizeRs 1610.90 Million
Tick Size1

Exxaro Tiles IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Exxaro Tiles IPO – Summary

exxaro tiles ipo

Exxaro is engaged in the manufacturing and marketing of vitrified tiles used majorly for flooring solutions. They commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in the manufacturing of tiles, and have over the years, diversified, expanded, and evolved into a manufacturer for vitrified tiles.

The company is distinguished by its large dealer network with whom they have developed long-term relationships over
the years. As of the date of this DRHP, they have more than 2,000 registered dealers.

The Promoter of this company is MR. MUKESHKUMAR PATEL; MR. KIRANKUMAR PATEL; MR. DINESHBHAI PATEL; AND MR. RAMESHBHAI PATEL. The lead manager to the issue is Pantomath Capital Advisors Private Limited, and the Registrar to this issue is Link Intime India Private Limited.


Exxaro Tiles IPO Date

The opening and the closing date of the IPO of Exxaro Tiles IPO is Aug 4, 2021, and Aug 6, 2021, respectively.

Check out Related IPO Links:

Exxaro Tiles IPO GMP
Allotment of Exxaro Tiles IPO

Exxaro Tiles IPO Subscription

Day / DateQIBNIIRIIEmployeeTotal Subscription
1st Day – 04 August1.11x0.65x9.29x0.74x4.67x
2nd Day – 05 August1.66x0.97x21.29x1.56x10.40x
5th Day – 06 August17.67x5.36x40.05x2.53x22.65x
Shares Offered or Net Issue1,315,5504,604,4255,262,200268,50011,450,675

The shares subscribed by the public will be updated here.


Exxaro Tiles IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Exxaro Tiles IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationAug 11, 2021
Refunds InitiationAug 12, 2021
Credit of Shares to Demat AccountAug 13, 2021
Share Listing DateAug 17, 2021

Exxaro Tiles IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 118 to Rs 120 


Exxaro Tiles IPO Equity Size

This Initial Public Issue of 13,424,000 Equity Shares of Rs.10 each for cash at a price of Rs 118 to Rs 120 per equity share aggregating to Rs.1610.90 Million.


Exxaro Tiles IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 13,424,000 Equity Shares of Rs.10 each, aggregating to Rs.1610.90 Million


Open Free Demat Account Now!

    Fill Your Details Here


    Exxaro Tiles IPO – Live Performance

    The listing date of this IPO is Aug 17, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Exxaro Tiles IPO Share Price

    Exxaro Tiles IPO Grey Market Premium

    The Exxaro Tiles IPO Grey Market Premium price is Rs 10, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0. 


    Exxaro Tiles IPO – Company Overview

    They have 1000+ designs in their product basket, which are marketed under their brand “Exxaro”. The company believes that their well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. They focus their research and development efforts on developing products that they believe are innovative and in line with the trends.

    Their ability to meet stringent quality and technical specifications, introducing designs to meet evolving customer preferences and state-of-the-art manufacturing facilities, upgrade in-house processes to increase efficiencies have enabled them to establish their brand in the ceramic industry.

    Exxaro Tiles IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Mar-2131-Mar-20Mar-19
    Total Assets3,693.143,870.553,582.55
    *Total Revenue2,598.532,439.642,440.06
    Total Expense2426.932317.962363.31
    Profit After Tax152.23112.5989.17

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted4.543.362.66

     


    Exxaro Tiles IPO Promoters

    The Promoter of this company is:

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

    List of Related Parties (Key Managerial Personnel)

    • Mukeshkumar Patel, Chairman, and Managing Director
    • Kirankumar Patel, Whole-time Director
    • Dineshbhai Patel, Whole-Time Director
    • Kamal Dave, Independent Director
    • Daxeshkumar Thakkar, Independent Director
    • Nidhi Gupta, Independent Director

    Competitive Strengths of Exxaro Tiles IPO

    • Quality Assurance, timely payment, and delivery
    • Broad customer base and Strong relationships with their customers
    • Multiple Business verticals under one roof
    • Qualified management team and employee base

    Exxaro Tiles IPO – Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 13,424,000 Equity Shares aggregating up to Rs.1610.90 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     *Equity Shares outstanding prior to the Issue33,555,070 Equity Shares
     Equity Shares outstanding after the Issue[●] Equity Shares

    Exxaro Tiles IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

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

    Business strategies of Exxaro Tiles IPO

    • Strengthen their brand value
    • Expand their dealer network in existing markets and increase their export presence
    • Increase their sales by enhancing their manufacturing capacities and procuring materials on an outsourced basis
    • Continue to improve operating efficiencies through technology enhancements and setting up own gas station

    Exxaro Tiles IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • State-of-the-art, automated manufacturing facilities with a strong focus on design and quality
    • Widespread sales and dealers network
    • Wide product portfolio comprising 1000+ designs
    • Experienced management and dedicated employee base

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-214.5411.8838.20
    Mar-203.369.97
    31-Mar-192.668.78

    Exxaro Tiles IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Exxaro Tiles Limited10[●]4.5411.882598.53
    Listed Peers
    Kajaria Ceramics Limited151.1219.3716.4828,022.00
    Asian Granito India Limited109.8918.579.1112,936.38
    Somany Ceramics Limited248.8213.628.8016,632.40
    Orient Bell Limited1061.205.363.205,043.40
    Murudeshwar Ceramics Limited10NA(2.48)(3.59)817.52

    Exxaro Tiles IPO Lead Managers

    Lead Managers
    Pantomath Capital Advisors Private Limited
    406-408, Keshava Premises
    Bandra Kurla Complex, Bandra East
    Mumbai – 400 051
    Tel: +91 22 6194 6700
    Fax: +91 22 2659 8690
    Email: ipo@pantomathgroup.com
    Investor Grievance Email: ipo@pantomathgroup.com
    Website: www.pantomathgroup.com
    Contact Person: Ms. Kruthika Shetty
    SEBI Registration No: INM000012110

    Exxaro Tiles IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C-101, 1st Floor,
    247 Park, Lal Bahadur Shastri Marg
    Vikhroli (West), Mumbai, Maharashtra 400 083
    Tel: +91 22 4918 6200
    Fax: +91 22 4918 6195
    Email: exxaro.ipo@linkintimeindia.co.in
    Investor Grievance Email: exxaro.ipo@linkintimeindia.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058

    Exxaro Tiles IPO – Other Details

    • Statutory Auditor – M/s. H.B. Kalaria & Associates
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Exxaro Tiles IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


    Subscribe to Exxaro Tiles IPO

      Fill Your Details Here


      Exxaro Tiles IPO News

      News 1 – Exxaro Tiles IPO DRHP Download

      News 2 – Exxaro Tiles IPO RHP Download


      Exxaro Tiles IPO Review FAQs

      What is the Issue Size of Exxaro Tiles IPO?

      The Company is making an initial public offer of 13,424,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Exxaro Tiles IPO?

      The price band for this particular IPO ranges between Rs 118 to Rs 120. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Exxaro Tiles IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 4, 2021, while the closing date is set at Aug 6, 2021.

      What is the Exxaro Tiles IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 11, 2021, refund initiation is on Aug 12, 2021, credit of shares is on Aug 13, 2021, and share listing date is on Aug 17, 2021.

      What is the Exxaro Tiles IPO Listing Date?

      Shares of this company shall be listed in the exchanges on Aug 17, 2021. The date, when the listing would be done, is stagnant on Aug 17, 2021.

      Who is the Registrar of Exxaro Tiles IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Exxaro Tiles IPO?

      Here are the promoters of this IPO – MR. MUKESHKUMAR PATEL; MR. KIRANKUMAR PATEL; MR. DINESHBHAI PATEL; AND MR. RAMESHBHAI PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Exxaro Tiles IPO?

      We have obtained the GMP of this IPO and it is Rs 10. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Exxaro Tiles IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Exxaro Tiles Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 152.23, 2020 is 112.59, 2019 is 89.17.


      Calculate your return on investment!


      Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
      IPO
      Equity
      Savings
      Real Estate
      Gold
      Bonds
      Fixed Deposit
      Mutual Fund

      Market Guide


      Featured Topics

       

      Leave a Reply

      Your email address will not be published.

      24 + 9 =

      Get 100% IPO Allotment Guarantee! Subscribe to IPO