Exxaro Tiles IPO GMP Today, Live IPO Grey Market Premium 2021

Exxaro Tiles IPO GMP is very attractive to date. Here in the below tables, you can check Exxaro Tiles IPO GMP, Kostak, and Subject rates. Grey Market premium for Exxaro Tiles is around ₹10.

The Exxaro Tiles IPO will hit the market soon, and you can apply for the IPO from 4th August to 6th August 2021. Exxaro Tiles is planning to raise ₹161.09 Crores through an IPO which consists of a fresh issue of ₹134.23 crores worth equity and OFS (Offer For Sale) of ₹26.86 by existing shareholders. Also, check IPO GMP for upcoming IPOs

Latest Exxaro Tiles IPO GMP- 

Exxaro Tiles IPO GMP table is updated every day to give you the exact grey market premium for Exxaro Tiles IPO.

DateIPO GMP Kostak RatesSubject to Sauda
14/08/2021 ₹8
13/08/2021 ₹7
12/08/2021 ₹10
11/08/2021 NO GMP
6/08/2021 ₹17 (No Trades)
5/08/2021 ₹17
4/08/2021 ₹15
3/08/2021 ₹20
2/08/2021 ₹20

Should you subscribe to Exxaro Tiles IPO?

We have researched and mentioned the strengths and risks of the Exxaro Tiles IPO. The final verdict will help you make the right decision.

Strengths –

  • More than 2000 dealers are partnered with Exxaro Tiles.
  • Strong business presence in 27 states of India.
  • They have an international presence with more than 10+ countries across the globe.
  • Increasing PAT (Profit After Tax) from the last 3 years.

Risks – 

  • Uncertainty in the cost of raw materials can affect the net profits of the company.
  • Complete business depends on manufacturing units. Shortage in fuel, water and power can affect their manufacturing speed.

Honest Review – 

Exxaro Tiles has a very good presence in India as well as across the globe. They have more than 2000 dealers which benefits their relationship with clients. Increasing revenue and EPS from the last 3 years is a positive sign for the investors to give a thought for investment. 

Investors can invest for the listing gains in the Exxaro Tiles IPO. It’s early to predict but Exxaro Tiles IPO can give great listing gains by seeing its grey market premium. You can check the details of Exxaro Tiles IPO here.

Exxaro Tiles IPO Dates & Price Band:

Open date4th August 2021
Close date6th August 2021
Total Size of IPO₹161.09 Cr.
Fresh Issue 134.23 Cr.
Offer for Sale₹26.86 Cr.
Price Band₹118- ₹120
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Exxaro Tiles IPO Market Lot:

The minimum market lot of Exxaro Tiles IPO is 125 shares with 15,000 applications. Retail investors can apply for 13 lots with 1625 shares application worth195,000.

ApplicationLotSharesCut Off Amount
Minimum (RII)112515,000
Maximum (NII)131625195,000

Exxaro Tiles IPO Allotment & Listing Dates:

Exxaro Tiles IPO’s open date is 4th August and the closing date is 6th August. Allotment of shares will be done on 11th August and the listing date on NSE & BSE is 17th August 2021.

Allotment Date for Devyani International – 11th August 2021
Refund Date for Devyani International – 12th August 2021
Credit of Shares to Demat Account – 13th August 2021
Listing Date for Devyani International –17th August 2021

About Exxaro Tiles:

Exxaro Tiles has been engaged in manufacturing and marketing vitrified tiles for a long time. They majorly served the flooring solutions for the projects like hospitals, hotels, educational institutes, etc. In 2008, they started a business in a partnership with a firm to produce raw material called frit which is used in making tiles.

Their product portfolio consists of two product categories –

  1. Double Charged Vitrified Tiles
  2. Glazed Vitrified Tiles

Till now they have 1000+ designs with 6 different sizes in their product portfolio. A strong network with dealers across India, Poland, the USA, Bosnia, etc. helps them to deliver their products to the clients. In India, they have 6 display centers and 2 marketing offices.

Exxaro Tiles IPO GMP FAQs:

What is the Exxaro Tiles IPO GMP today?

Exxaro Tiles IPO GMP is ₹8 as of today.

What is the last date to apply for Exxaro Tiles IPO?

6th August 2021 is the last date to apply for Exxaro Tiles IPO.

What is Kostak Rates of Exxaro Tiles IPO today?

Exxaro Tiles IPO Kostak Rates is as of today.

Will Exxaro Tiles IPO GMP increase?

It’s too early to say that but we can expect a good premium on Exxaro Tiles IPO.

Can Exxaro Tiles give listing gains?

Investors can invest for the long term in the Exxaro Tiles IPO. It’s early to predict but Exxaro Tiles IPO GMP can give great listing gains by seeing its. You can keep a track of Exxaro Tiles IPO GMP here. 

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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