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.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.    

See Zee Business Live TV Streaming Below:

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 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.