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Exxaro Tiles IPO
Exxaro Tiles is among the leading names in the space of vitrified tiles. The company is closely engaged in the manufacturing and marketing of such tiles. Its product portfolio comprises over a thousand tile designs, and it offers top quality products under the names of High Gloss Series, Topaz Series, Galaxy Series, etc.
In the last couple of years, the company has strengthened its footing in exports as well. Currently, the company offers products to several infrastructure projects that include – hotels, residences, educational institutes, commercial buildings, hospitals, and religious institutions, among others.
Exxaro Tiles IPO Objectives
- Pre-payment and repayment of the company's borrowed securities
- Addressing working capital requirements
- Meeting general corporate purposes
Exxaro Tiles IPO - Details
50% of this IPO's shares are reserved for qualified institutional buyers, 35% is held for retail investors, and 15% is set aside for non-institutional buyers.
Opening Date
04 August 2021
Closing Date
06 August 2021
Price Band
₹118 - ₹120
per equity share
Issue Size
₹ 161.09 crores
Face Value
₹ 10
per equity share
Market Lot
125 shares
Opening Date
04 August 2021
Closing Date
06 August 2021
Price Band
₹118 - ₹120
per equity share
Issue Size
₹ 161.09 crores
Face Value
₹ 10
per equity share
Market Lot
125 shares
Listing at NSE, BSE
Exxaro Tiles IPO Important Dates
| IPO Open Date | 04 August 2021 |
|---|---|
| IPO Close Date | 06 August 2021 |
| Basis Of Allotment Date | 11 August 2021 |
| Initiation Of Refunds | 12 August 2021 |
| Credit Of Shares To Demat ACcount |
13 August 2021 |
| IPO Listing Date | 17 August 2021 |
| UPI Mandate Expiry Date | - |
Exxaro Tiles IPO Latest News and Subscription Status Today [Live]
At 05:10 p.m.
- This IPO has been subscribed 22.55x by 5:10 PM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 17.67x
- (NII) Non-institutional buyers: 5.36x
- (RII) Retail Individual buyers: 2.53x
- Employees: 2.53x.
At 04:25 p.m.
- This IPO has been subscribed 22.18x by 4:25 PM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 17.67x
- (NII) Non-institutional buyers: 5.36x
- (RII) Retail Individual buyers: 39.04x
- Employees: 2.52x
At 03:20 p.m.
- This IPO has been subscribed 17.32x by 3:20 PM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 8.94x
- (NII) Non-institutional buyers: 3.04x
- (RII) Retail Individual buyers: 32.69x
- Employees: 2.00x
At 02:10 p.m.
- This IPO has been subscribed 16.03x by 2:10 PM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 5.42x
- (NII) Non-institutional buyers: 2.67x
- (RII) Retail Individual buyers: 31.10x
- Employees: 1.96x
At 01:05 p.m.
- This IPO has been subscribed 15.09x by 1:05 PM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 5.36x
- (NII) Non-institutional buyers: 2.37x
- (RII) Retail Individual buyers: 29.34x
- Employees: 1.72x
At 11:50 a.m.
- This IPO has been subscribed 13.61x by 10:50 AM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.89x
- (NII) Non-institutional buyers: 1.75x
- (RII) Retail Individual buyers: 27.52x
- Employees: 1.67x
At 10:45 a.m.
- This IPO has been subscribed 11.74x by 10:45 AM. on Day 3
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.66x
- (NII) Non-institutional buyers: 1.12x
- (RII) Retail Individual buyers: 24.07x
- Employees: 1.64x
At 05:05 p.m.
- This IPO has been subscribed 10.29x by 5:05 PM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.65x
- (NII) Non-institutional buyers: 0.93x
- (RII) Retail Individual buyers: 21.10x
- Employees: 1.56x
At 04:05 p.m.
- This IPO has been subscribed 9.68x by 4:05 PM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.64x
- (NII) Non-institutional buyers: 0.87x
- (RII) Retail Individual buyers: 19.83x
- Employees: 1.24x
At 02:45 p.m.
- This IPO has been subscribed 7.94x by 2:45 PM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.64x
- (NII) Non-institutional buyers: 0.76x
- (RII) Retail Individual buyers: 16.15x
- Employees: 0.83x
At 01:50 p.m.
- This IPO has been subscribed 7.41x by 1:50 PM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.17x
- (NII) Non-institutional buyers: 0.74x
- (RII) Retail Individual buyers: 15.14x
- Employees: 0.83x
At 12:50 p.m.
- This IPO has been subscribed 6.88x by 12:50 PM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.17x
- (NII) Non-institutional buyers: 0.72x
- (RII) Retail Individual buyers: 14.02x
- Employees: 0.81x
At 11:50 a.m.
- This IPO has been subscribed 6.23x by 11:50 AM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.17x
- (NII) Non-institutional buyers: 0.70x
- (RII) Retail Individual buyers: 12.60x
- Employees: 0.80x
At 10:40 a.m.
- This IPO has been subscribed 5.31x by 10:40 AM. on Day 2
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.17x
- (NII) Non-institutional buyers: 0.68x
- (RII) Retail Individual buyers: 10.63x
- Employees: 0.78x
At 05:10 p.m.
- This IPO has been subscribed 4.63x by 5.10 PM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.95x
- (NII) Non-institutional buyers: 0.65x
- (RII) Retail Individual buyers: 9.24x
- Employees: 0.74x
At 04:20 p.m.
- This IPO has been subscribed 4.03x by 4.20 PM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.95x
- (NII) Non-institutional buyers: 0.35x
- (RII) Retail Individual buyers: 8.19x
- Employees: 0.64x
At 02:55 p.m.
- This IPO has been subscribed 3.29x by 2:55 PM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.95x
- (NII) Non-institutional buyers: 0.16x
- (RII) Retail Individual buyers: 6.77x
- Employees: 0.13x
At 01:45 p.m.
- This IPO has been subscribed 2.57x by 1:45 PM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.15x
- (RII) Retail Individual buyers: 5.47x
- Employees: 0.09x
At 12:45 p.m.
- This IPO has been subscribed 2.01x by 12:45 PM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.14x
- (RII) Retail Individual buyers: 4.25x
- Employees: 0.06x
At 11:45 a.m.
- This IPO has been subscribed 1.33x by 11:45 AM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 2.83x
- Employees: 0.05x
At 10:30 a.m.
- This IPO has been subscribed 0.59x by 10:30 AM. on Day 1
- It is a public issue of 1,14,50,675 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 1.27x
- Employees: 0.02x
How to Apply for Exxaro Tiles IPO?
You can apply for the Exxaro Tiles IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel Broking account. Proceed to book Exxaro Tiles IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel Broking, apply directly for Exxaro Tiles IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel Broking to begin your investment journey.
Exxaro Tiles IPO – Noteworthy Highlights
Exxaro Tiles boasts 2 state-of-the-art manufacturing units in Talod and Padra. It also has 2 marketing offices in Morbi and Delhi and 6 display centres in six cities. Other highlights include :
- The company has a robust dealer network with more than 2000 registered dealers.
- Exxaro has strong pan-India visibility across 27 Indian states.
- It boasts having one of the country's largest manufacturing units of quality glazed vitrified tiles.
- Exxaro has a strong product profile of more than 1000 tile designs in six sizes.
- Its state-of-the-art manufacturing units have an annual production capacity of 1,32,00,000 sq. mt.
- It has a strong export business globally, especially in countries such as the USA, Poland, and Bosnia.
Exxaro Tiles IPO - SWOT Analysis
Competitor Analysis: Market Peers
The ceramic tile industry in India was valued at a whopping $3,720.2 million in 2019. The same is projected to touch the $7,144.7 million mark by 2027 at a CAGR of 8.6% between 2020 and 2027. In such a robust industry, Exxaro Tiles is among the leading names. However, at the same time, this company faces stiff competition from its peers. Some of them are listed below -
| Market Peers | Market Capitalisation increase % in 1 year (as of 30 July 2021) |
| Kajaria Ceramics | 139.19% |
| Somany Ceramics | 435.24% |
| Cera Sanitaryware | 100.41% |
| HSIL | 361.50% |
| Pokarna | 192.08% |
| ASI Industries | 86.03% |
| Asian Granito India | -25.40% |
| Nitco | 55.93% |
| Orient Bell | 365.63% |
| Aro Granite | 234.14% |
| Murudeshwar Ceramics | 84.50% |
| Pacific Industries | 155.80% |
| Divyashakti Granites | 72.25% |
| Madhav Marbles & Gran | 211.95% |
| Elegant Marbles & Gran | 88.98% |
| Restile Ceramics | 42.86% |
| Neelkanth Rockminerals | 25.58% |
| Ravileela Granites | 99.68% |
| Midwest Gold | 89.83% |
| Glittek Granites | 154.62% |
