Exxaro Tiles IPO Review 2021

Exxaro Tiles IPO Overview 2021: 4 IPOs began on the identical day, together with Exxaro Tiles. A bull market is absolutely on the experience in India. Exxaro Tiles IPO will hit the Indian markets from August 4th to August sixth. They intention to boost Rs. ₹161.09 crores by way of a public providing.

On this article, we glance into vital info on the Exxaro Tiles IPO and discover out the doable prospects of the corporate.

Exxaro Tiles IPO Overview – In regards to the Firm 

Exxaro Tiles logo

Based in 2008, Exxaro Tiles is engaged within the manufacturing and advertising and marketing of vitrified tiles used majorly for flooring options. The corporate has a great product portfolio which consists of 1000+ designs.

They manufacture Double Cost Vitrified Tiles (double layer pigment) and Glazed Vitrified Tiles constructed from ceramic supplies i.e. clay, quartz, and feldspar. 

Zerodha demat account
Exxaro assests over the years

Headquartered in Gujarat, Exxaro Tiles has 2 manufacturing amenities at Vadodra and Talod over 1.5 lakh sq. meters. The corporate additionally has 6 show facilities in 6 cities.

Along with this, the corporate sells its merchandise by way of a community of two,000+ sellers. This furthers the corporate’s attain because the tile sector contains many corporations with some holding dominant positions.

Exxaro profits over the years | Exxaro Tiles IPO review

The corporate additionally provides its merchandise to giant infrastructure tasks like instructional, industrial, inns, hospitals, authorities, builders or builders, spiritual establishments, and so forth.

The corporate can also be engaged within the export of tiles to varied international locations. These embrace the likes of Poland, Bosnia, the USA, and so forth. At the moment, exports make up 14% of the corporate’s gross sales whereas the home market holds the remainder.

Within the coming yr, the corporate goals to extend its export turnover share to twenty%. 

Gray Market Premium (GMP) of Exxaro Tiles IPO

The shares of Exxaro Tiles traded at round a 16% premium within the gray market earlier than the IPO. The shares traded at a worth of Rs. 140 giving them a premium of Rs. 20 over their concern worth band of Rs 118-120 per share.


Exxaro Tiles IPO Overview – Key IPO Info

The promoters of the issuing firm are Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, and Mr. Rameshbhai Patel. All of them have appreciable expertise within the tiles trade.

They’ve appointed Pantomath Capital Advisors Pvt Ltd because the lead managers to the difficulty. Hyperlink Intime India Pvt. Ltd. has been appointed because the registrar to the difficulty.

Particulars Particulars
IPO Measurement ₹161.09 Cr
Contemporary Problem ₹134.23 Cr
Provide For Sale(OFS) ₹26.86 Cr
Opening Date Aug 4, 2021
Closing Date Aug 6, 2021
Face Worth ₹10 per fairness share
Worth Band ₹118 to ₹120 per fairness share
Lot Measurement 125 Shares
Minimal Lot Measurement 1
Most Lot Measurement 13
Itemizing Date Aug 17, 2021

Goal of the Exxaro Tiles IPO

The proceeds from the IPO shall be used for:

Angel broking free demat account
  • To make compensation or prepayment of secured borrowings availed by the corporate.
  • To fulfill working capital necessities.
  • Meet normal company functions.


In Closing 

The IPO opens on 4th August and closes on sixth August 2021. For retail traders, it may be a great alternative to look into the corporate’s future prospects and apply for the IPO in the event that they consider within the merchandise and progress prospects of Exxaro Tiles Ltd.

That’s all for this submit. Do tell us what you consider the Exxaro Tiles IPO evaluation. Are you planning to use for this IPO or not? Remark beneath. Cheers!

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