Exxaro Tiles IPO Details with Share Price Range and Issue Size | Motilal Oswal
Exxaro Tiles IPO Details with Share Price Range and Issue Size | Motilal Oswal

Exxaro Tiles IPO - Exxaro Tiles IPO Date, Share Price And News

Opening Date

August 04, 2021

Closing Date

August 06, 2021 

Face Value

Rs. 10 per equity share

IPO Price Band 

Rs. 118 to 120 per equity share

Minimum Order Quantity

125 equity shares 

Issue Size 

1,34,24,000 equity shares (Rs. 161.09 crores)

The 4th of August, 2021 is turning out to be a big day for IPOs. Exxaro Tiles Limited is another company that’s planned on opening itself up to the public on that day. Here’s everything you need to know about the key Exxaro Tiles IPO details. 

  • About the company 

Again, as the name itself suggests, Exxaro Tiles Limited is a vitrified tile manufacturing company that was established in 2008. The company is involved in the manufacture of double layer vitrified tiles and glazed vitrified tiles made from materials such as ceramic, clay, quartz, and feldspar. 

The company has an extensive product portfolio in 6 different sizes and over 1,000 designs. In addition to providing the tiles manufactured by it to various domestic infrastructure projects, the company also exports them to other countries such as Bosnia, Poland, and the U.S.A. Exxaro Tiles Limited’s manufacturing facilities are located in the towns of Padra and Talod in the state of Gujarat.  

  • Exxaro Tiles IPO details

Now that we’re done looking at the company’s profile, let’s move on to some of the key details of the company’s latest IPO such as the Exxaro Tiles IPO date and the Exxaro Tiles IPO share price, among others. 

  • Exxaro Tiles IPO date 

The upcoming IPO of Exxaro Tiles would open up for subscription on August 04, 2021. After about two days, the issue would then come to a close on August 06, 2021. 

  • Exxaro Tiles IPO issue size 

The issue size of the company’s IPO is around Rs. 161.09 crores. The fresh issue component is worth almost Rs. 134.23 crores. On the other hand, the remaining Rs. 26.86 crores would be an Offer for Sale (OFS) from the promoters of the company. Around 22,38,000 equity shares would be offloaded under the OFS route. 

  • Exxaro Tiles IPO share price

The share price band of the latest IPO of Exxaro Tiles has been reasonably set starting from Rs. 118 to Rs. 120 per equity share. 

  • Exxaro Tiles IPO listing 

The shares of Exxaro Tiles would be listed on both the stock exchanges of the country - the BSE and the NSE.  

  • Exxaro Tiles IPO objectives 

The net proceeds from the upcoming IPO issue of the company would be used primarily to repay its loans and borrowings. However, if there are any funds left, it is also proposed to be utilized towards meeting working capital requirements and general corporate expenses.

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