Exxaro Tiles IPO allotment likely on this date; Check status on BSE, Link Intime – from listing, refund initiation, demat transfer – details you must know

Exxaro Tiles Limited IPO – The Initial Public Offering (IPO) of Exxaro Tiles Limited ended on Friday 6 July. The issue was subscribed 22.68 times on the NSE. The response from Retail Individual Investors (RIIs) has been quite strong as they have subscribed the issue 40.10 times over three-day period. The qualified institutional buyers (QIBs) have subscribed this issue 17.67 times while non-institutional investors have subscribed it 5.36 times. On the BSE, the issue was subscribed 12.18 times. The RIIs subscribed it 22.46 times while the QIBs subscribed the issue 3.94 times. Meanwhile the non-institutional investors subscribed it 3.35 times.   

If you are an investor in Exxaro Tiles IPO and have subscribed for this issue, then you must know how to check the allotment status. Also, know the complete timeline of this issue from allotment date to listing.  

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Exxaro Tiles IPO – Full Timeline  

Issue ended on 6 August.  
The finalisation of basis of allotment will likely be on 12 August 
Initiation of refunds will likely be on 13 August 
Transfer of shares to demat account will likely be on 16 August 
Listing date likely on 17 August     

This information has been obtained from Edelweiss App.  

The allotment status can be checked via the direct online links on BSE and IPO registrar’s website. The name of the Registrar is Link Intime India Private Ltd. 

Exxaro Tiles IPO - Check the allotment status on the website of BSE   

Step 1: Visit the link: bseindia.com/investors/appli_check.aspx on BSE official website.       

Step 2:  In the dropdown menu select 'Equity' for issue type       

Step 3: Now, select the name of the IPO, which is 'Exxaro Tiles Limited' in this case       

Step 4: Here, you will be asked to verify application number & PAN number       

Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen       

Steps to check Exxaro Tiles IPO Allotment via Link Intime    

Step1: Visit Link Intime India Private Limited IPO allotment link: https://linkintime.co.in/MIPO/Ipoallotment.html     

Step 2: Again, select IPO Name- 'Exxaro Tiles Limited'        

Step 3: Here, fill in details such as PAN number, application number or DP ID        

Step 4: Now, click on 'Search' Button. You can now see your Exxaro Tiles IPO Allotment on the screen.     

The issue size comprises of 13,424,000 equity shares with a fresh issue of up to 11,186,000 Equity Shares and an Offer for Sale (OFS) of up to 2,238,000 equity shares.  

The Book Running Lead Managers (BRLM) is Pantomath Capital Advisors Private Limited while the sponsor bank is Axis Bank Limited.  

The company is engaged in the manufacturing and marketing of vitrified tiles used for flooring solutions. The company commenced operations as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles.