Exxaro Tiles Limited IPO
Open for Subscription

India Pesticides Limited IPO
`118 -
`120

Why subscribe to Exxaro Tiles Limited IPO?

Exxaro Tiles Limited is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. The company commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. The company’s business operations are broadly divided into two product categories i.e. (1) Double Charge Vitrified Tiles - 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, and (2) Glazed Vitrified Tiles - 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.

Objects of the Offer: The offer comprises of a fresh issue and an offer for sale. Out of the fresh issue component of ₹ 134.23cr, ₹ 50cr is proposed to be utilized towards repayment/prepayment of certain secured borrowings availed by the company, ₹ 45cr is to be used for funding the working capital requirements of the company and the balance amount is attributable to general corporate purposes. The offer for sale is comprised of 2,238,000 shares amounting to ~₹ 26.86r and the proceeds would directly go to the selling shareholder.

Click here for complete report.

New Customer?
Open IIFL Demat Account



OPEN DEMAT ACCOUNT

If You Are An Existing
Customer

Click To Invest

Subscribe now

Issue Highlights

  • 04-Aug-21
  • 06-July-21
  • ` 118 - ` 120 per share
  • ` 10 per equity share
  • ` 161 crores
  • 125 Shares
  • Bombay Stock Exchange
    & National Stock Exchange
  • 25%
  • 35%
  • 40%