Everything You Need to Know About the Exxaro Tiles IPO

Exxaro Tiles is engaged in the manufacturing and marketing of vitrified tiles which are majorly used for flooring solutions. Its business operations are broadly divided into two product categories; Double charge vitrified tiles and Glazed vitrified tiles. The company has a pan India presence in 24 states and union territories and internationally supplies products to over 12 countries.

The company expects to raise Rs. 161 crore from its public offer which comprises a fresh issue of 1.1 crore equity shares and an offer for sale of 22.38 lakh equity shares from selling shareholders.

  • Financial Snapshot:
Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 244.01 8.92 2.66
March 2020 243.96 11.25 3.36
March 2021 259.85 15.22 4.54

For more information, you can refer to the IPO Prospectus filed by the company.

IPO Details:

Issue Period 4th August 2021 to 6th August 2021
Price Range ₹ 118 to 120
Minimum Bid Quantity 125 and in multiples thereof
Finalisation of Allotment 11th August 2021
Initiation of Refunds 12th August 2021
Credit of Shares 13th August 2021
Listing Date 17th August 2021

How do I apply to the Exxaro Tiles IPO?

You can apply for the Exxaro Tiles IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

@ShubhS9 .In Console why 3 choices are provided to fill for IPO ? Can we apply upto 3 different prices in same application?What conditions to be followed in such cases??
Thanks in advance…

This is in case you want to place bids at different price or for different quantities. This support article explains how it works in detail: