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.
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
MR. MUKESHKUMAR PATEL
MR. KIRANKUMAR PATEL
MR. DINESHBHAI PATEL AND
MR. RAMESHBHAI PATEL
Company Financials
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in Million)
| Particulars | |||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 2,598.53 | 2,439.64 | 2,440.06 |
| Profit After Tax | 152.23 | 112.59 | 89.17 |
| Total Asset | 3,693.14 | 3,870.55 | 3,582.55 |
Exxaro Tiles Limited – IPO Details
IPO Details
| Issue Open Date | 4 Aug 2021 |
| Issue Close Date | 6 Aug 2021 |
| Issue Type | Book Built |
| Face Value | ₹ 10 per equity share |
| IPO/Issue Price | ₹ 118 to ₹ 120 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date
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.
What is Expected GMP price of this share ??