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Exxaro Tiles IPO Details, Price Band, Gmp

 

Exxaro Tiles IPO Details


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

    About Exxaro Tiles Ltd. Company :-

    Exxaro Tiles Limited, Incorporated in 2008 It is engaged in the manufacturing and marketing activities of vitrified tiles.

    The business operates in 2 verticals; 
    1. Double Charge Vitrified Tiles (double layer pigment) and 
    2. Glazed Vitrified Tiles made from ceramic materials i.e. clay, quartz, and feldspar. 
    Its product portfolio consists of 1000+ different designs of tiles in 6 sizes. Topaz Series, Galaxy Series, and High Gloss Series are some of the well-established products of the company.

    We are distinguished by our large dealer network with whom we have developed long term relationships over the years. We have more than 2,000 registered dealers. We also supply products for large infrastructure related projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, religious institutions, etc. 

    Company also exports tiles to different countries across the globe i.e. Poland, Bosnia, USA, and others.

    Currently, Company has 2 state-of-the-art manufacturing facilities in Padra and Talod in Gujarat with an installed production capacity of 1,32,00,000 sq mt per annum.

    Promoters Of Exxaro Tiles Ltd. :-

    The Promoters of Company are Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, and Mr. Rameshbhai Patel.

    Promoter Holdings :-

    Pre Issue Promoter Holdings 56.09%
    Post Issue Promoter Holdings 42.5%

    Financials Of Exxaro Tiles :-

    ParticularsFinancials {Figs. in Millions}
    31 March 201931 March 202031 March 2021
    Total Assets3,582.553,870.553,693.14
    Total Revenue2,440.062,439.642,598.53
    Total Expenses2,363.312,317.962,426.93
    Profit After Tax89.17112.59152.23
    EPS2.663.364.54

    Financials Ratios :- 

    PE Ratio -  26.66
    Sector PE - 42.76

    Peers of Devyani International Ltd. :-

    Company Name  PE Ratio 
    Kajaria Ceramics Ltd.51.12
    Asian Granito India Ltd.9.89
    Somany Cermaics Ltd.48.82
    Exxaro Tiles Ltd.26.66

    Exxaro Tiles Ipo Details :-

    IPO Opening Date4 Aug, 2021
    IPO Closing Date6 Aug, 2021
    Face Value₹10 per equity share
    IPO Price₹118 to ₹120 per equity share
    Min. Order Quantity  125 Shares
    Issue Size₹161.09 Cr
    Fresh Issue₹134.23 Cr
    Offer for Sale₹26.86 Cr
    Listing AtBSE NSE

    Shares Offered to :-

      QIB    25% 
    NII35%
    RII40%

    Objectives Of Exxaro Tiles Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes. 
    1. To Repay of company's borrowings fully or partially.
    2. To meet working capital requirements.
    3. General corporate purposes.

    Ipo Timeline :-

    Ipo Dates 4 - 6 August 21
    Allotment Date 11 August 21
    Initiation of Refunds12 August 21
    Credit of Share to Demat Account  13 August 21
    Ipo Listing Date17 August 21

    Exxaro Tiles Ipo Grey Market Premium :-

    On 4 August 2021 - Rs. 
    On 3 August 2021 - Rs. 15
    On 2 August 2021 - Rs. 20
    On 1 August 2021 - Rs.

    Exxaro Tiles IPO Registrar :-

    Link Intime India Private Ltd.

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