Exxaro Tiles IPO open on 4 august till 6 august know here issue details price band lot size Exxaro Tiles financials stock market nse bse nifty sensex

New IPO: Exxaro Tiles IPO subscription has opened, you can bid in the price band of Rs 118-120

Investors can bid for Exxaro Tiles IPO in lots of 125 shares.

Exxaro Tiles IPO: The leading company of Vitrified Tiles Exxaro Tiles has opened its IPO on Wednesday, 4th August. There is a plan to raise Rs 161.09 crore through IPO. Investors can bid for the IPO till August 6. The company has fixed a price of Rs 118-120 per share for this IPO. The employees will be issued at a discount of Rs 12 per share. The face value per share is Rs 10. Under this issue, new shares worth Rs 134.23 crore will be issued and shares worth Rs 26.86 crore will be issued by the existing shareholders under Offer for Sale (OFS). After the success of the IPO, the shares of the company will be listed on BSE and NSE. The money raised through the IPO will be used by the company for debt servicing, working capital and general corporate purposes.

New IPO: Krsnaa Diagnostics IPO opens today, premium reaches 43% in gray market

Lot size of 125 shares

For this IPO, investors can bid in lots of 125 shares, that is, according to the upper price of the price band, investors will have to invest at least Rs 15,000. An investor can invest a maximum of 13 lots i.e. Rs 1.95 lakh according to the upper price of the price band. 25 per cent of the issue is reserved for qualified institutional buyers, 40 per cent for retail investors and 35 per cent for non-institutional investors. The allotment of shares can be done on August 11 and its listing in the market can be done on August 17. The registrar to the issue is Pantomath Capital Advisors, the Link Intime and Book Running Lead Manager.

Windlas Biotech’s IPO opens today, know what is the opinion of experts about investment

Exxaro Tiles is the leading Vitrified Tiles Company.

Exxaro Tiles is involved in manufacturing and marketing activities of vitrified tiles since the year 2008. Vitrified tiles are a mixture of clay and silica which is shiny like glass and absorbs less water. There are more than 1 thousand designs of tiles available in the company’s product portfolio in 6 sizes. The major products of this company are Topaz Series, Galaxy Series and High Gloss Series. Its products are exported not only in the country but also in more than 13 countries including America, Poland and Bosnia. It has more than 2 thousand registered dealers. The company has two state of the art manufacturing facilities at Padra and Talode. Apart from this, there are 2 marketing offices in Delhi and Morbi and 6 display centers in 6 cities.

Talking about the financials of the company, its PAT has increased continuously for the last three financial years. Its net profit was Rs 8.92 crore in the financial year 2018-19, which increased to Rs 11.26 crore in the next financial year 2019-20 and increased to Rs 15.22 crore in the financial year 2020-21.

Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.


realistic reality mobile new
Default image
Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Articles: 5415