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Exxaro Tiles Limited IPO- Date, Price, Details

Home » Stock Market » IPO » Exxaro Tiles Limited IPO- Date, Price, Details

Exxaro Tiles Limited IPO [INITIAL PUBLIC OFFERING] Detail

About The Exxaro Tiles Limited

The Company was incorporated at Himmatnagar as ‘Ricasil Ceramic Industries Private Limited’ on January 2, 2008 as a private and joint-stock company under Part IX of the Companies Act, 1956, with the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli pursuant to the conversion of M/s. Ricasil Ceramic Industries, a partnership firm. The partnership firm was originally formed by a partnership deed dated May 14, 2007 read with supplementary partnership deeds dated December 7, 2007 and December 20, 2007, respectively. This firm was thereafter converted into a private company pursuant to a certificate of incorporation dated January 2, 2008 in the name of “Ricasil Ceramic Industries Private Limited”. Pursuant to a special resolution passed by the shareholders of the Company at the extra-ordinary general meeting held on February 12, 2018, the name of the Company was changed to Exxaro Tiles Private Limited. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed by Shareholders of the Company at the Extraordinary General Meeting held on December 9, 2020. The name of the Company was changed to its present name ‘Exxaro Tiles Limited’, pursuant to a fresh Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad on December 28, 2020.

Exxaro Tiles Limited IPO

Engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions.

Registered Office: Survey No. 169 & 170, Vavdi Harsol Road, At & Po.: Mahelav, Taluka: Talod, District.: Sabarkantha – 383 305, Gujarat, India; Tel: +02772-350555

Contact Person: Paras Shah, Company Secretary and Compliance Officer; Tel: +02772-350555; E-mail: cs@exxarotiles.com

Website: www.exxarotiles.com ; Corporate Identity Number: U26914GJ2008PLC052518

Company Promoters





Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in Million)

Total Revenue2,598.532,439.642,440.06
Profit After Tax152.23112.5989.17
Total Asset3,693.143,870.553,582.55

Exxaro Tiles Limited – IPO Details

IPO Details

Issue Open Date4 Aug 2021
Issue Close Date6 Aug 2021
Issue TypeBook Built
Face Value₹ 10 per equity share
IPO/Issue Price ₹ 118 to ₹ 120 per equity share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

4th Aug 2021

Issue Open Date

Issue Close Date

6th Aug 2021
11th Aug 2021

Basis of Allotment Date

Initiation of Refunds

12th Aug 2021
13th Aug 2021

Credit of Shares to Demat Account

IPO Listing Date

17th Aug 2021

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

1. Prepayment/repayment of certain secured borrowings availed by our Company;

2. Funding the working capital requirements of the Company; and

3. General corporate purposes.

Exxaro Tiles Limited – IPO Prospectus


When the Exxaro Tiles Limited IPO will Open?

The Exxaro Tiles Limited IPO opens on 4th Aug 2021.

When the Exxaro Tiles Limited IPO will close?

The  Exxaro Tiles Limited IPO close on 6th Aug 2021.

What is the lot size of Exxaro Tiles Limited IPO?

Exxaro Tiles Limited IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.

What is the Issue Price (per equity share) of the IPO?

The issue price of the IPO ranges from 118 to ₹ 120 per equity share.

IPO Rating

Rating: 3.5 out of 5.

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