Exxaro Tiles Limited IPO
Exxaro Tiles Limited was a mainboard IPO in the Ceramics sector, offered at ₹11.8–₹12 per share to raise ₹161 crore. The issue was subscribed 22.68× overall (QIBs 17.67×, NIIs 5.36×, retail 40.1×). It listed on 16 Aug 2021 at ₹13 and closed its first day at ₹13, a listing gain of +10.2% versus the ₹12 issue price. It now trades around ₹6 (-48.8% versus the issue price).
Frequently asked questions
- How many times was the Exxaro Tiles Limited IPO subscribed?
- The Exxaro Tiles Limited IPO was subscribed 22.68× overall — 17.67× in the QIB category, 5.36× among non-institutional investors, 40.1× in retail.
- What were the Exxaro Tiles Limited IPO listing gains?
- Exxaro Tiles Limited listed on 16 Aug 2021 at ₹13, closing its first day at ₹13 — a listing gain of +10.2% versus the ₹12 issue price.
- What were the retail allotment odds for the Exxaro Tiles Limited IPO?
- Retail was subscribed 40.1×, so a single-lot application had roughly a 2.5% chance of allotment (about 1 in 40), and allotment was finalised on 10 Aug 2021.
- What was the price band and lot size of the Exxaro Tiles Limited IPO?
- The price band was ₹11.8–₹12 per share, with a minimum lot of 125 shares (₹1,500 at the upper band).
- Who were the registrar and lead manager for the Exxaro Tiles Limited IPO?
- Link Intime India Private Ltd was the registrar, and Pantomath Capital Advisors was the book-running lead manager.