Exxaro Tiles IPO will open for subscription from 04 August 2021. the company aims for an issue size of ₹161.09 Crores through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Exxaro Tiles Limited
Incorporated in 2008, 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, the 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.
Objects of the Issue
- To make repayment or prepayment of secured borrowings availed by the company.
- To meet working capital requirements.
- Meet general corporate purposes.
Competitive Strengths
- Variety of vitrified tiles design choices in different sizes.
- Large dealer network with 2,000+ registered dealers.
- Strong PAN India presence in 27 states of India.
- International presence with export to 13+ countries across the globe.
- One of the largest manufacturing plants of glazed vitrified tiles in India.
Basic details about the company
| Full name | Exxaro Tiles Limited |
| Sector | Construction materials |
| Industry | Ceramics/Marble/Granite/Sanitaryware |
| Company Website | www.exxarotiles.com |
Dates to remember
| IPO Open | 04 August 2021 |
| IPO Close | 06 August 2021 |
| Basis of Allotment | 11 August 2021 |
| Refunds date | 12 August 2021 |
| Credit to Demat Account | 13 August 2021 |
| Listing Date | 17 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹161.09 Cr |
| Fresh Issue | ₹134.23 Cr |
| Offer for sale | ₹26.86 Cr |
| Face value | ₹10 per equity share |
| Price band | ₹118 to ₹120 per equity share |
| Retail Allocation | 35% |
| Lot size | 125 Shares |
| Minimum application | 1Lot-125 Shares |
| Maximum application | 13 Lots-1625 |
| Minimum application amount | ₹15,000 |
| Maximum application amount | ₹195,000 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 3,693.14 | 3,870.55 | 3,582.55 |
| Total Revenue | 2,598.53 | 2,439.64 | 2,440.06 |
| Profit After Tax | 152.23 | 112.59 | 89.17 |
Valuation of Exxaro tiles (as of FY2020)
| Earnings Per Share (EPS) | ₹4.54 |
| Price/Earnings (PE ratio) | 25.99 – 26.43 |
| Return on Net Worth (RONW) | 11.88% |
| Net Asset Value (NAV) | 38.20 per share |
Company Promoters
- Mr. Mukeshkumar Patel
- Mr. Kirankumar Patel
- Mr. Dineshbhai Patel
- Mr. Rameshbhai Patel
Lead Managers
- Pantomath Capital Advisors Pvt Ltd
Exxaro Tiles IPO Allotment Status
Exxaro Tiles IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Exxaro Tiles IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: exxaro.ipo@linkintimeindia.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
Mahelav, Taluka: Talod, Sabarkantha – 383 305
Phone: +02772-350555
Email: cs@exxarotiles.com
Website: http://www.exxarotiles.com/
Final thoughts
Exxaro Tiles IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing