Exxaro Tiles IPO to open on Aug 4; price band set at Rs 118-120
NEW DELHI: The initial public offer (IPO) of Exxaro Tiles, Gujarat-based manufacturer of vitrified tiles, will open for public bidding on August 4 and close on Friday. The price band for the offer has been decided at Rs 118-120 per equity share.Under the IPO, the company will issue 111,86,000 equity shares and one of its shareholders will sell 2,238,000 shares.The company proposes to utilize net proceeds from the fresh issue towards payment of borrowings and funding its working capital requirements besides utilizing it for general corporate purposes.Exxaro Tiles and its shareholders plan to raise Rs 161 crore from investors at a price band of Rs 118-120. Those who wish to apply for the IPO can do so in a lot of 125 shares, meaning a maximum application size of Rs 15,000. The issue is priced at a PE multiple of 26.43 as of FY21 earnings.Exxaro Tiles started off as a partnership firm in 2007-2008 to manufacture frit and thereafter diversified. It is now primarily engaged in the business of manufacturing and marketing of vitrified tiles used majorly for flooring solutions catering to residential and commercial segments. It claims to have a 2,000+ dealer network across 27 states.The company operates two manufacturing facilities which are located at Padra and Talod in Gujarat. Pantomath Capital Advisors Private is the appointed lead manager to the issue.
Exxaro Tiles (IPO) Date, Price Band, Listing, Review, GMP, Allotment, Subscription Details
The company Exxaro Tiles is going to serve an Initial Public Offer (IPO) of issue size Rs 150 Crores (Approx). This company has had amazing growth in the past years and the large number of clients that is the symbol of their years of working experience in the market. Definitely hold you should your heartbeat because this IPO is all set to bring a huge return on your investment. Here are the complete details available regarding this IPO. It includes IPO date, Price, Listing, Subscription, Minimum Lot and other information also.
The company has two product types Double Charge Vitrified Tiles and Glazed Vitrified Tiles. Currently, they have more than 1000 different styles of tiles manufacturing with 6 different sizes. IPO is all set to launch in August 2021. The final date is not yet released and probably it will announce later this month. As per the prediction IPO will be launch by the end of August 2021.
Also Read Here»»»> Glenmark Life Sciences (IPO) Date, Price Band, Listing, Review
IPO Opening: August 2021 IPO Closing: August 2021 IPO Size: Approx ₹150 Crores (Approx) Fresh Issue: Approx ₹- Crores Offer for Sale: Approx ₹- Crores Face Value: ₹10 Per Equity Share Price Band: ₹- to ₹- Per Share Listing on: BSE & NSE Retail Portion: 35% Equity: 13,424,000 Shares
While if we talk about the price then we want to tell you that the face value is available at Rs 10 per equity share. There will be 13,424,000 Shares available to subscribe by thousand of investors
Also Read Here»»»> Rolex Rings IPO Price, Date, Allotment Status, Lot Size, Review
Exxaro Tiles IPO (IPO) Review
Exxaro Tiles IPO Market lot details are not yet disclosed and it is still remaining. For now, we are waiting for the information that will be given by the underwriters of the company. We will update the info after confirming the report.
Price Band Announcement: August 2021 Anchor Investors Allotment: August 2021 IPO Open Date: August 2021 IPO Close Date: August 2021 Basis of Allotment: August 2021 Refunds: August 2021 Credit to Demat Account: August 2021 IPO Listing Date: August 2021
If you want to know about the application form for Exxaro Tiles IPO. So you can fill the form through any Sebi registered sharebroker. It is available on the Securities and Exchange Board Of India (SEBI’s) official website. There are many other sharebrokers available like Zerodha, Upstox, 5Paisa, and others