IPO

Exxaro Tiles Limited IPO

Mainboard

Ceramics/Marble/Granite/Sanitaryware

Listed On: Aug 16, 2021 at ₹ 126.0 (NSE)

₹ 15000 /125 Shares

Check Allotment

04 Aug, 2021

Open Date

06 Aug, 2021

Close Date

11 Aug, 2021

Allotment Date

16 Aug, 2021

Listing Date
Price Summary

Last Closing

8.02 (-93.32%)

52 Week High

10.95

52 Week Low

5.45

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹118-120 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 3,424,000 Eq Shares of ₹10 (aggregating up to ₹161.09 Cr)

    Fresh Issue: 11,186,000 Eq Shares of ₹10 (aggregating up to ₹134.23 Cr)

    Offer for Sale: 2,238,000 Eq Shares of ₹10 (aggregating up to ₹26.86 Cr)
  • Listing at BSE, NSE
  • List Price 126.0 (NSE)
  • Listing Date 2021-08-16
  • Lead Manager Pantomath Capital Advisors Pvt Ltd
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 40%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹118-120 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Aug 4, 2021 and ends on Aug 6, 2021. The allotment for IPO will be finalized on Aug 11, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 16, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Pantomath Capital Advisors Pvt Ltd.


The IPO sets its price band at 118-120 for each share. A single application for Exxaro Tiles Limited IPO must contain at least 125 shares.

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IPO Subscription Analysis And Details
Retail
40.10x
QIB
17.68x
NII
5.36x
Total
22.68x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 13,15,550 46,04,425 52,62,200 2,68,500 114,50,675
Day 1 04-08-21 05:00 PM
1.11 x 0.65 9.29 x 0.74 x 4.67 x
Day 2 05-08-21 05:00 PM
1.64 x 0.93 21.11 x 1.56 x 10.30 x
Day 3 06-08-21 08:00 PM
17.68 x 5.36 40.10 x 2.52 x 22.68 x
Total No of Applications
1443239
Subscription on the basis of Applications
34.28
Valuations
Earnings Per Share (EPS) ₹3.42/-
P/E Ratio 35.09
RoNW 11.88%
Net Asset Value (NAV) - As on 31.03.21 ₹38.2
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 369.31 387.05 358.25
Revenue 259.85 243.96 244.00
Profit After Tax 15.22 11.25 8.91
About Company

Exxaro Tiles is engaged in the manufacturing and marketing activities of vitrified tiles. The company manufactures Double Charge Vitrified Tiles (double layer pigment) and 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.

It supplies its products to large infrastructure projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, religious institutions, etc. It also exports tiles to different countries across the globe i.e. Poland, Bosnia, USA, and others.

Currently, Exxaro Tiles has 2 state-of-the-art manufacturing facilities in Padra and Talod with an installed production capacity of 1,32,00,000 sq mt per annum. It further has 6 display centers in 6 cities and 2 marketing offices in Delhi and Morbi.

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- Promoter(s)

Mr. Mukeshkumar Patel

Mr. Kirankumar Patel

Mr. Dineshbhai Patel

Mr. Rameshbhai Patel

Pre Issue Share Holding : 56.09%

Post Issue Share Holding : 42.5%

IPO - Issue Objectives
1

To make repayment or prepayment of secured borrowings availed by the company.

2

To meet working capital requirements.

3

Meet general corporate purposes.

IPO - Anchor Investors

Exxaro Tiles raises Rs 23.68 crore from anchor investors, ahead of IPO
Quant Mutual Fund through its Quant Active Fund and Quant Small Cap Fund bought 7,78,250 equity shares each, and AG Dynamic Funds acquired 4,16,825 equity shares, the company added.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Exxaro Tiles 3.14 35.09 11.88% 259.85
Kajaria Ceramics 8.23 51.24 16.07% 2,802.20
Asian Granito India Ltd 1.14 12.31 9.30% 1,293.64
Orient Bell Ltd 2.11 40.06 5.27% 504.34
Somany Ceramics 4.76 53.76 8.86% 1,663.24