Exxaro Tiles was incorporated on January 2, 2008 as ‘Ricasil Ceramic Industries Private Limited’, The company is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions and 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.
| Bidding Dates |
|---|
| 04 Aug 2021 - 06 Aug 2021 |
| Subscription |
|---|
| 22.65x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹15,000 | 1 | 13 | 125 | 13.4 M | ₹118 - ₹120 | 56.09 % | ₹1584.0 M - ₹1610.9 M | RHP DOC |
Exxaro Tiles IPO SUBSCRIPTION STATUS
06 Aug '21Exxaro Tiles IPO overall subscription rate was 22.65 times the total available shares
Exxaro Tiles IPO retail subscription rate was 40.05 times in the retail segment
Exxaro Tiles IPO non-institutional investor subscription rate was 5.36 times in the non-institutional investor category
Exxaro Tiles IPO Qualified Institutional Bidder subscription rate was 17.67 times the available shares for Qualified Institutional Bidder
Exxaro Tiles IPO Employees subscription rate was 2.53 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 40% | 35% | 25% | - |
06 Aug 2021 (Day 3) | 40.05x | 5.36x | 17.67x | 2.53x |
05 Aug 2021 (Day 2) | 21.29x | 0.97x | 1.66x | 1.56x |
04 Aug 2021 (Day 1) | 9.29x | 0.65x | 1.11x | 0.74x |
Exxaro Tiles IPO SUBSCRIPTION STATUS DETAILS
Exxaro Tiles had 13.4 M shares on offer
Exxaro Tiles IPO offer price was in the range ₹118 - ₹120
Exxaro Tiles IPO minimum Investment was ₹15000
Exxaro Tiles IPO issue size was ₹ 1584.0 M - ₹ 1610.9 M
Exxaro Tiles had a minimum lot size of 125 Shares per application
Exxaro Tiles NUMBER OF SHARES ON OFFER
Exxaro Tiles IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2021 |
| Issue close Date | 06 Aug 2021 |
| Allotment Date | 11 Aug 2021 |
| Refund Date | 12 Aug 2021 |
| Demat Account Credit Date | 13 Aug 2021 |
| Listing Date | 16 Aug 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Exxaro Tiles Allotment Status | Exchange |
Exxaro Tiles IPO subscription opened on 04 Aug 2021, and closed on 06 Aug 2021
IPO allotment for Exxaro Tiles was finalized on Wednesday, 11 Aug 2021
IPO listing for Exxaro Tiles was on NSE and BSE on Monday, 16 Aug 2021
Exxaro Tiles IPO LISTING GAINS
| Issue Price (adjusted) | 12.0 |
| Listing Open Price | 126.0 |
| Listing Close Price | 132.3 |
| Listing Gain% | 5.0% |
| Current Gain% | -48.7% |
Exxaro Tiles Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exxaro Tiles Ltd. | 6.2 | 20.7 | 67.3 | -4 | 0.8 | 1 | 0.6 | 305.6 | 0.1 | 2.8 | 2426.3 | 0.1 | -16.8 |
| Kajaria Ceramics Ltd. | 1167.3 | 18594.3 | 34.1 | 0.5 | 3.7 | 15.8 | 12 | 4883.2 | 4.4 | 485.4 | 64.9 | 34.3 | 74.1 |
| Nitco Ltd. | 99.3 | 2507.6 | 86.8 | 0.8 | 4.6 | 7.9 | 2.6 | 553.9 | 69 | 28.9 | 103.9 | 1.1 | 103.9 |
| Somany Ceramics Ltd. | 495.8 | 2033.4 | 25 | 0.7 | 0.7 | 9.6 | 4 | 2801.2 | 5 | 81.2 | 35.2 | 19.8 | 35.2 |
| Asian Granito India Ltd. | 55.1 | 1633.9 | 136.8 | -2.4 | 0.9 | 1.4 | 0.8 | 1874.9 | 19.6 | 20.9 | -24.2 | 0.4 | -56.6 |
| Orient Bell Ltd. | 314 | 460 | 37 | 0.1 | 0.7 | 3.8 | 2.4 | 694.4 | 3.3 | 12.4 | 337.2 | 8.5 | 340.9 |
Exxaro Tiles INFORMATION ON IPO ISSUE
About Exxaro Tiles
Object of the Issue
2. To meet working capital requirements.
3. Meet general corporate purposes.
Exxaro Tiles - PROMOTERS
| Name |
|---|
| Mukeshkumar Patel |
| Kirankumar Patel |
| Dineshbhai Patel |
| Rameshbhai Patel |
Exxaro Tiles Book Running Lead Managers
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Exxaro Tiles Registrar to the Offer
Link Intime India Private Limited
exxaro.ipo@linkintime.co.in
Exxaro Tiles Strengths
Variety of vitrified tiles design choices in different sizes.
Large dealer network with 2,000+ registered dealers.
Strong PAN India presence in 27 states of India.
International presence with export to 13+ countries across the globe.
One of the largest manufacturing plants of glazed vitrified tiles in India.
IPO FAQs
Exxaro Tiles Ltd. IPO listing opened at Rs 126.00 while the issue price was Rs 120.00 giving 5.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 12.00 giving -48.67% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 26.9 crore, of 2,238,000 shares. It also consists of a fresh issue of Rs 134.2 crore.
The promoters of the company are Mukeshkumar Patel, Kirankumar Patel, Dineshbhai Patel and Rameshbhai Patel.
The category allocation of qualified institutional buyers is 25.0%, the category allocation of non individual investors or high networth individuals is 35.0% and for retail investors it is 40.0%.
The price band of the IPO is Rs 118.0 - 120.0.
The IPO application opens on Aug 04, 2021 and closes on Aug 06, 2021.
The minimum lot size for the IPO is 125. The maximum lot size for the IPO is 1625.
For all category investors, the minimum application amount for this IPO is Rs. 15,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Aug 11, 2021.
The refund will be credited to your account on Aug 12, 2021.
The allotted shares will be credited to your demat on Aug 13, 2021.
Exxaro Tiles Ltd.’s shares listed on the stock exchanges on Aug 16, 2021.