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
Cash PriceRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

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

Live Performance – Exxaro Tiles IPO Share Price

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 not available yet.

Check out Related IPO Links:

Exxaro Tiles IPO GMP
Allotment of Exxaro Tiles IPO

Exxaro Tiles IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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 Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Exxaro Tiles IPO Price Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


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.[●]  per equity share aggregating to Rs.[●] 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.[●] Million


Exxaro Tiles IPO – Live Performance

The listing date of this IPO is [●]. 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 X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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-Dec-2031-Mar-20Mar-1931-Mar-18
Total Assets3,763.503,845.423,568.413,688.97
*Total Revenue1,711.902,439.642,440.062,212.49
Total Expense1,598.792,317.962,363.312,059.02
Profit After Tax108.52112.5989.1791.42

Earnings per Equity Share (in Million)

31-Dec-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted3.233.362.662.78

 


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.[●] 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 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 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-203.369.97%33.64
Mar-192.668.78%
31-Mar-182.789.87%

Exxaro Tiles IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Exxaro Tiles IPO10[●]8.8673.1120.43
Listed Peers
Kajaria Ceramics159.9616.0614.89%107.84
Asian Granito1013.5814.028.50%164.92

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

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Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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