Exxaro Tiles IPO GMP Today, Subscription Status, Share Price, Dates, Review

Exxaro Tiles IPO will be the 3rd IPO to be launched on the same date in August 2021. Thus, you have plenty of options for IPO investment. This tile company is looking to raise around Rs 161 crores via its initial public offering. An interesting fact here is that the ceramic industry has seen an IPO after 10 years in Exxaro Tiles. It will be among its peers in Kajaria, Asian Granito, Somany, Orient Bell, and Murudeshwar ceramics. Check Exxaro Tiles IPO GMP Today, Subscription Status, Share Price, Dates, and Review.

Exxaro Tiles Limited is into manufacturing & marketing of vitrified tiles which are mostly used in flooring solutions. This tile company started operations in 2007 as a manufacturer of ‘frit’ (raw material used in tile manufacturing) and now has come a long way.

It manufactures double charge vitrified tiles (used in heavy traffic commercial projects) and glazed vitrified tiles. Currently, it has 1K+ tile designs in its catalogue. This company is also into outsourcing of wall tiles.

Exxaro Tiles are used in residential, commercial, educational institutions, hotels, hospitals, government, religious institutions, and builders projects. It’s manufacturing units are in Padra and Talod in Gujarat. Besides, it has 6 display showrooms in 6 cities and 2 marketing offices in Delhi and Morbi.

All the Exxaro Tiles IPO Details on issue size, fresh issue, and offer-for-sale is given in the table below.

Check all the important Exxaro Tiles IPO Dates of 2021.

The Exxaro Tiles IPO Share Price is fixed at Rs 118-120 per equity share. Its face value is Rs 10 per equity share.

Exxaro Tiles IPO Lot Size is 125 shares with a minimum investment of Rs 15,000. You can apply for a maximum of 13 lots i.e. 1625 shares for Rs 1,95,000.

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The Exxaro Tiles IPO GMP (Grey Market Premium) today (5th August 2021, 10:52) is Rs 50 per equity share. It is expected to have a mediocre result. Its GMP has just increased by Rs 2 from that on 2nd August and by Rs 30 from 4th August.

The Exxaro Tiles IPO Subscription Status stands at 4.6 times oversubscribed on day 1 with retail investors at 9.15 times subscribed. 

Stay tuned for Exxaro Tiles IPO Kostak & Subject-to-Sauda Rates as they will be shown here soon.

Check out the Exxaro Tiles IPO Subscription Quotas below.

The Exxaro Tiles Company Financials or turnover over the past 3 years can be seen here.

Its asset value is almost similar. Revenue has increased a bit which is good to have rather than any loss. Profits have increased a lot i.e. 6 crores from 2019 to 2021 which is remarkable considering Covid-19 times.

The Exxaro Tiles IPO is priced fine based on its DRHP report. It has got a high percentage in retail quota which means that more people are in for a chance to be allotted shares in this IPO. Let's have a look at its pros and cons as a part of Exxaro Tiles IPO Review.

Pros

• Highest operating margins in the ceramic industry at 20% (as of FY 19-20).
• Top clients include Amul, Patanjali, Lodha, Welspun, Baps, Rajhas, Samsung, and Puravankara.
• 2K+ registered dealers.
• Presence in 27 Indian states (as of 2020) and 13+ other countries including Poland, UAE, and Bosnia.
• Largest combined installed production capacity of 1,32,00,000 sq. mt. p.a.
• One of the single largest manufacturing plants (unit 2) for glazed vitrified tiles.
• Good financial report especially in terms of profit.

Cons

• Rs 50 crores in Debt.
• Requires Rs 45 crores for working capital purposes.
• Last seen IPO from ceramic industry was 10 years back so will have to see how it performs in the stock market.

Before deciding on whether to Subscribe or Skip, we need to wait for the grey market results, anchor investor announcement, and subscription status.

Disclaimer : We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.