Exxaro Tiles Limited IPO Latest News: Rs 12 per share DISCOUNT for THESE INVESTORS; issue opens on this date; Get Full Details on price band, lot size and MORE

Exxaro Tiles Limited IPO – The Initial Public Offering (IPO) of Exxaro Tiles Limited will open on Wednesday 4 July. The three-day public issue will end on 6 August. The timings of the issue are between 10 am and 5 pm. While the Price Band of this issue is Rs 118 – Rs 120. But there is one segment of investors who will get the shares on discount

The shares are available at a discount of almost 10 per cent from the issue price and the discount is of Rs 12 as per the information on the NSE website

Exxaro Tiles Limited IPO – The Initial Public Offering (IPO) of Exxaro Tiles Limited will open on Wednesday 4 July. The three-day public issue will end on 6 August. The timings of the issue are between 10 am and 5 pm. While the Price Band of this issue is Rs 118 – Rs 120. But there is one segment of investors who will get the shares on discount.

The shares are available at a discount of almost 10 per cent from the issue price and the discount is of Rs 12 as per the information on the NSE website.

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Exxaro Tiles Limited IPO - Key details here:

Symbol EXXARO
Issue Period - 4 August 2021 to 6 August 2021
Post issue Modification Period - 9 August 2021 between 10 am and 11 am
Cut-off time for UPI Mandate Confirmation - 9 August 2021 up to 12 pm
Issue Type -100 per cent Book Building
Price Range - Rs 118 to Rs 120
Discount - Rs 12 per share for Eligible Employee Category
Face Value - Rs 10
Tick Size - Re 1
Bid Lot 125 Equity Shares and in multiples thereof
Minimum Order Quantity - 125 Equity Shares
Maximum Subscription Amount for Retail Investor Rs 200,000
Maximum Subscription Amount for Eligible Employee Rs 500,000
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 name of the Registrar is Link Intime India Private Ltd.

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.

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