- They have more than 2000 registered dealers.
- Strong presence in India with covering 27 states of India.
- Strong presence in International market exporting to more than 13 countries.
- Display centers in 6 cities with marketing offices in Morbi and Delhi.
- Largest plant of glazed vitrified tiles in India.
Exxaro Tiles IPO Review
- Apply with Risk
Brokerage Firm IPO Reviews
- SMC Global: Apply
- JM Financial: Neutral
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- GEPL Capital Ltd: Adding Soon
Exxaro Tiles IPO Date & Price Band
|IPO Open:|| 04 August 2021|
|IPO Close:|| 06 August 2021|
|IPO Size:|| Approx ₹161.09 Crores|
|Fresh Issue:||Approx ₹143.23 Crores|
|Offer for Sale:|| Approx ₹26.86 Crores|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹118 to ₹120 Per Share|
|Listing on:||BSE & NSE|
|Discount:||₹12 for Employees|
Exxaro Tiles IPO Market Lot
|Minimum Lot Size:||Minimum 125 Shares|
|Maximum Lot Size:||Maximum 1625 Shares|
Exxaro Tiles IPO Date, Time Table, Allotment & Listing
|Price Band Announcement:|| 30 July 2021|
|Anchor Investors Allotment:|| 03 August 2021|
|IPO Open Date:|| 04 August 2021|
|IPO Close Date:|| 06 August 2021|
|Basis of Allotment:|| 11 August 2021|
|Refunds:|| 12 August 2021|
|Credit to Demat Account:|| 13 August 2021|
|IPO Listing Date:|| 17 August 2021|
Exxaro Tiles IPO Form
How to apply the Exxaro Tiles IPO? You can apply Exxaro Tiles IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Exxaro Tiles IPO in the Invest section. The other option you can apply Exxaro Tiles IPO via IPO forms download via NSE and BSE. Check out the Exxaro Tiles forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Exxaro Tiles Company Financial Report
|₹ in Crores|
- Mr. Mukeshkumar Patel
- Mr. Kirankumar Patel
- Mr. Dineshbhai Patel
- Mr. Rameshbhai Patel
About Exxaro Tiles
Double Charge Vitrified Tiles:
Double charge vitrified tiles are tiles that are fed through a press which prints the pattern with a double layer of pigment, 3 to 4 mm thicker than other types of tiles. This process does not permit complex patterns but results in a long-wearing tile surface, suitable for heavy traffic commercial projects.
Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz and other additives and fired at high temperatures to ensure high strength and low water absorption. These tiles are coated with glaze materials prior to the firing process.
As on date, we supply products mainly in 6 sizes. We have 1000+ designs in our product basket, which are marketed under our brand “Exxaro”. We believe that our well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. We focus our research and development efforts on developing products which we believe are innovative and in line with the trends. We believe that some of our key product development highlights include: 1) 3D Effect in Double Charge Vitrified Tiles 2) Replica of Natural Stones in Double Charge Vitrified Tiles 3) High transparent glaze in weight method for glazed vitrified tiles. Further we also supply wall tiles to certain of our dealers wherein we get the products manufactured on outsourced basis. Our integrated model has allowed us to develop insights across the entire value chain right from product design, process development, manufacturing to marketing.
We are distinguished by our large dealer network with whom we have developed long term relationships over the years. As on date of this DRHP, we have more than 2,000 registered dealers.. We also supply products for large infrastructure related projects. Over our operating history of more than a decade, we have supplied our products for various projects including residential, commercial, educational institutions, hotels, hospitals, government, religious institutions, builders/developers, etc. We believe that our ability to meet stringent quality and technical specifications, introduce designs to meet evolving customer preferences and state-of-the-art manufacturing facilities, upgrade in-house processes to increase efficiencies have enabled us to establish our brand in ceramic industry.
Domestically, we have PAN India presence (27 states based on sales made during Fiscal 2020) and internationally we supply products in over 13 countries including Poland, UAE, Bosnia etc.
We have two state-of-the-art manufacturing facilities which are located at Padra and Talod respectively in Gujarat. We have a combined installed production capacity of 1,32,00,000 sq. mt. p.a. Our Unit II is one of the single largest plants for manufacturing glazed vitrified tiles under one roof in India. Over the years, we have made continuous investments in our manufacturing infrastructure to support our product portfolio requirements and reach. Our capabilities as a Company include internal R&D expertise, state-of-the-art manufacturing capabilities, a strict quality assurance system, modern production designing experience and established marketing and distribution relationships. We also have 6 display centres in 6 cities and 2 marketing offices at Delhi and Morbi to complement our growth strategies.
Our Company is promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel and Kirankumar Patel. Our Promoters manage and control the major affairs of our business operations with their considerable experience in our Industry. We believe our success is the result of sustained efforts over the years in key aspects of our business, such as product portfolio, process improvements, relationship with our dealers and increased scale of operations.
Exxaro Tiles IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Exxaro Tiles IPO Lead Managers
- Pantomath Capital Advisors Pvt Ltd
Exxaro Tiles Limited
Survey No. 169 & 170, Vavdi Harsol Road, At & Po.
Mahelav, Taluka: Talod, District, Sabarkantha – 3
Email: [email protected]
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Note: The Exxaro Tiles IPO final details updated as it is officially announced. The IPO grey market premium (Exxaro Tiles IPO Premium) is updated to respective pages. You can check our IPO grey market page for daily updates.)