Exxaro Tiles IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

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.

Exxaro Tiles was incorporated in 2008 in Gujarat. They focus on manufacturing vitrified tiles (mixture of clay and silica) which are used for flooring solutions. Their product portfolio for vitrified tiles consists of Double Charged Vitrified Tiles and Glazed vitrified tiles. 

They provide their manufactured tiles to hotels, schools, hospitals, educational institutes, real estate projects, etc. Exxaro Tiles exports its tiles in countries like Poland, the USA, Bosnia, etc. Their manufacturing plants are located in Padra and Talod. Many IPOs are going to launch this year check here the list.

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

Objective of Issue – 

  • To make repayment for borrowings secured by the company.
  • To meet general corporate purposes and working capital requirements.

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 keep a track of Exxaro Tiles IPO GMP here.

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

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Exxaro Tiles IPO:

The financials of Exxaro Tiles are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2020 38524611.32
2021 36926016.43

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.

IPO Registrar Details –

Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: exxaro.ipo@linkintimeindia.co.in
Website: www.linkintime.co.in
Investor grievance E-mail: devyani.ipo@linkintime.co.in

Exxaro Tiles Contact Details –

Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
Mahelav, Taluka: Talod, District, Sabarkantha – 3
Phone: +02772-350555
Email: cs@exxarotiles.com
Website: http://www.exxarotiles.com/

Exxaro Tiles IPO FAQs –

When will Exxaro Tiles IPO open for Investors?

Exxaro Tiles IPO will open on 4th August 2021 and will close on 6th August 2021.

What is Exxaro Tiles IPO Retail Portion?

The portion allocated for retail investors in Exxaro Tiles IPO is 35%

How to apply for Exxaro Tiles IPO?

You can apply Exxaro Tiles IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Exxaro Tiles IPO?

By seeing the financial details (revenue and net profit after tax) of Devyani International the issue of offer doesn’t excite much. Also, the cost of making the store network is large as compared to ROI in such businesses. We need to observe the financials of Devyani International for some quarters to decide our investment strategy

What is the allotment date for Exxaro Tiles hares?

11th August 2021 is the allotment date for Devyani International shares.

What is the listing date for Exxaro Tiles IPO?

17th August 2021 is the listing date for Devyani International. It will be listed on NSE and BSE.

What is the cutoff price for Exxaro Tiles IPO?

The cutoff price for Exxaro Tiles IPO is per share.

Will Exxaro Tiles IPO give listing gains?

Investors can invest for the long term in Exxaro Tiles. It’s early to predict but Exxaro Tiles can give great listing gains by seeing its grey market premium. 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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