Exxaro Tiles Ltd IPO

Last Updated: 03 January 2022 8:09 AM by 5Paisa

Exxaro Tiles IPO Synopsis

Exxaro Tiles is launching its Initial Public Offer on August 4th and the issue closes on August 6th. Exxaro Tiles IPO issue size if ₹161.09 Cr that comprises of a fresh issue of ₹134.23 Cr. (11,186,000 Equity Shares of face value of ₹10 each) and Offer for sale of 2,238,000 Eq Shares (aggregating up to ₹26.86 Cr). The Price band for Exxaro Tiles IPO is ₹118 to ₹120, lot size of 125 shares. 

Investors can subscribe to Exxaro Tiles IPO from August 4th at a minimum investment of Rs. 14,750. 

Exxaro Tiles Shareholding Pattern

Exxaro Tiles Limited is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. The company commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. The company’s business operations are broadly divided into two product categories i.e.

(1) Double Charge Vitrified Tiles - tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects, and

(2) Glazed Vitrified Tiles - Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption.

Exxaro Tiles - Financials