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.   

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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.  

See Zee Business Live TV Streaming Below:

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.