Exxaro Tiles IPO allotment likely on THIS date; Complete TIMELINE here – Latest subscription status and all details INVESTORS should know

Exxaro Tiles Limited IPO – The Initial Public Offering (IPO) of Exxaro Tiles Limited opened on Wednesday 4 July. At 12:20 on Thursday, the issue was subscribed 3.58 times. The response from Retail Individual Investors (RIIs) has been quite strong as they have subscribed the issue 7.10 times till filing of the report. The qualified institutional buyers (QIBs) have subscribed this issue 0.95 times while non-institutional investors have subscribed it 0.52 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 

1. Issue ends on 6 August.  
2. The finalisation of basis of allotment will likely be on 12 August 
3. Initiation of refunds will likely be on 13 August 
4. Transfer of shares to demat account will likely be on 16 August 
5. 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.     

Exxaro Tiles Limited IPO - Key details here:    

1. Symbol EXXARO  
2. Issue Period - 4 August 2021 to 6 August 2021  
3. Post issue Modification Period - 9 August 2021 between 10 am and 11 am  
4. Cut-off time for UPI Mandate Confirmation - 9 August 2021 up to 12 pm  
5. Issue Type -100 per cent Book Building  
6. Price Range - Rs 118 to Rs 120  
7. Discount - Rs 12 per share for Eligible Employee Category  
8. Face Value - Rs 10  
9. Tick Size - Re 1  
10. Bid Lot 125 Equity Shares and in multiples thereof  
11. Minimum Order Quantity - 125 Equity Shares  
12. Maximum Subscription Amount for Retail Investor - Rs 200,000  
13. Maximum Subscription Amount for Eligible Employee Rs 500,000  
14. IPO Market Timings - 10 am to 5 pm  

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.