Bookbuilding IPO | ₹161 Cr | Listed at BSE, NSE | Wed, Aug 4, 2021 - Fri, Aug 6, 2021
Exxaro Tiles IPO is a book build issue of ₹160.78 crores. The issue is a combination of fresh issue of 1.12 crore shares aggregating to ₹133.98 crores and offer for sale of 0.22 crore shares aggregating to ₹26.81 crores.
Exxaro Tiles IPO bidding started from Aug 4, 2021 and ended on Aug 6, 2021. The allotment for Exxaro Tiles IPO was finalized on Aug 11, 2021. The shares got listed on BSE, NSE on Aug 16, 2021.
Exxaro Tiles IPO price band is set at ₹120 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹15,000 (125 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 2,68,500 shares for employees offered at a discount of ₹12.00 to the issue price.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Exxaro Tiles IPO RHP for detailed Information.
IPO Open
Wed, Aug 4, 2021
IPO Close
Fri, Aug 6, 2021
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹536.89 Cr
| IPO Date | 4 to 6 Aug, 2021 |
| Listed on | Mon, Aug 16, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹12.00 |
| Total Issue Size | 1,34,24,000 shares (agg. up to ₹161 Cr) |
| Fresh Issue | 1,11,86,000 shares (agg. up to ₹134 Cr) |
| Offer for Sale | 22,38,000 shares of ₹10 (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 3,35,55,070 shares |
| Share Holding Post Issue | 4,47,41,070 shares |
| BSE Script Code / NSE Symbol | 543327 / EXXARO |
| ISIN | INE0GFE01018 |
Exxaro Tiles IPO comprises a total issue size of 1,34,24,000 shares. The net offer to the public is 1,31,55,500 shares, after excluding 2,68,500 shares under a preferential allotment. Of the Net offer 32,88,875 (25.00%) are allocated to QIB, 46,04,425 (35.00%) allocated to NII 52,62,200 (40.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 32,88,875 | 25.00% | 24.50% | NA |
| − Anchor Investor Shares Offered | 19,73,325 | 14.70% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 13,15,550 | 9.80% | NA | |
| NII (HNI) Shares Offered | 46,04,425 | 35.00% | 34.30% | NA |
| Retail Shares Offered | 52,62,200 | 40.00% | 39.20% | 42,097 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,68,500 | 2.00% | NA | |
| Total Shares Offered | 1,34,24,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Exxaro Tiles IPO raises ₹23.68 crore from anchor investors. Exxaro Tiles IPO Anchor bid date is August 3, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Aug 3, 2021 |
| Shares Offered | 19,73,325 |
| Anchor Portion (₹ Cr.) | 23.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 10, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 9, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2008, Exxaro Tiles is engaged in the manufacturing and marketing activities of vitrified tiles. The company manufactures Double Charge Vitrified Tiles (double layer pigment) and Glazed Vitrified Tiles made from ceramic materials i.e. clay, quartz, and feldspar. Its product portfolio consists of 1000+ different designs of tiles in 6 sizes. Topaz Series, Galaxy Series, and High Gloss Series are some of the well-established products of the company.
It supplies its products to large infrastructure projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, religious institutions, etc. It also exports tiles to different countries across the globe i.e. Poland, Bosnia, USA, and others.
Currently, Exxaro Tiles has 2 state-of-the-art manufacturing facilities in Padra and Talod with an installed production capacity of 1,32,00,000 sq mt per annum. It further has 6 display centers in 6 cities and 2 marketing offices in Delhi and Morbi.
Competitive Strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment/repayment of certain secured borrowings availed by our Company | 50.00 |
| 2 | Funding the working capital requirements of the Company | 45.00 |
| 3 | General corporate purposes | 23.53 |
The Exxaro Tiles IPO is subscribed 22.65 times on August 6, 2021 6:50:00 PM (Day 3). The public issue subscribed 40.05 times in the retail category, 17.67 times in the QIB category, and 5.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 17.67 | 13,15,550 | 2,32,50,500 |
| NII | 5.36 | 46,04,425 | 2,46,87,750 |
| Retail | 40.05 | 52,62,200 | 21,07,39,875 |
| Employee | 2.53 | 2,68,500 | 6,78,250 |
| Total | 22.65 | 1,14,50,675 | 25,93,56,375 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees | 0.40 |
| 2 | Selling commission | 0.81 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.21 |
| 4 | Fees payable to the Registrar to the Offer | 0.02 |
| 5 | Listing fees | 0.01 |
| 6 | Fees payable to the other advisors to the Offer | 0.00 |
| 7 | NSDL and CDSL Charges post issue | 0.08 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 0.09 |
| 9 | Printing and stationery | 0.02 |
| 10 | Advertising and marketing expenses | 0.16 |
| 11 | Fee payable to legal counsels | 0.04 |
| 12 | Miscellaneous | 0.02 |
| 13 | Monitoring agency | 0.00 |
| 14 | Sponsor bank | 0.01 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹126.00 | ₹126.00 |
| Low | ₹126.00 | ₹126.00 |
| High | ₹132.30 | ₹132.30 |
| Last Trade | ₹132.25 | ₹132.30 |
Lead Manager Reports
Exxaro Tiles IPO is a main-board IPO of 1,34,24,000 equity shares of the face value of ₹10 aggregating up to ₹161 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 125.
The IPO opens on Wed, Aug 4, 2021, and closes on Fri, Aug 6, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Exxaro Tiles IPO using UPI as a payment gateway. Zerodha customers can apply in Exxaro Tiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Exxaro Tiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Exxaro Tiles IPO opens on Wed, Aug 4, 2021 and closes on Fri, Aug 6, 2021.
Exxaro Tiles IPO lot size is 125, and the minimum amount required for application is ₹15,000.
You can apply in Exxaro Tiles IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Exxaro Tiles IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Fri, Aug 13, 2021. Check the Exxaro Tiles IPO allotment status.
The Exxaro Tiles IPO listing date is on Mon, Aug 16, 2021.
