Exxaro Tiles IPO: Retail rushes in on Day 1, see why this issue is already oversubscribed

Updated : Aug 04, 2021 14:23
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Editorji News Desk

Vitrified tile manufacturer Exxaro Tiles will open its initial public offering for subscription on August 4. Should you apply? All details here:

  • IPO dates: August 4 to 6
  • IPO price band: Rs 118 to 120
  • Grey Market premium: Rs 22
  • Lot size: 125 shares
  • Issue size: Rs 160 crore
  • Min. investment: Rs 15,000
  •  

The company will use the net proceeds to reduce debt and for working capital requirements. 

Exxaro has more than 2,000 dealers and its tiles were sold in 24 states and Union Territories in FY21. It also exported to over 12 countries.

Exxaro TilesIPOGrey Market Premium

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