Exxaro Tiles IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Exxaro-Tiles-IPO-Subscription

Exxaro Tiles IPO Subscription Status: FINAL

Exxaro Tiles Limited, incorporated in 2007, is engaged in the manufacturing and marketing of vitrified tiles used majorly for flooring solutions. They commenced business as a manufacturer of frit, which is one of the raw materials used in the manufacturing of tiles, and have over the years, diversified, expanded, and evolved into a manufacturer for vitrified tiles.

Investor CategoryQuotaSubscription
Institutional (QIB)50%17.67x
Non-Insti. (HNI)15%5.36x
Retail (RII)35%39.88x
Employee2.53x
Total Subscription100%22.57x

Exxaro Tiles IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB 0.95x 1.65x17.67x
HNI 0.65x 0.93x 5.36x
Retail 9.24x 21.10x 39.88x
Employee 0.74x 1.56x 2.53x
Total 4.63x 10.29x 0.00x

Exxaro Tiles IPO Subscription: Analyst Recommendations

CHOICE BROKING – AVOID [ Report ]

“At the higher price band of Rs. 120, the company is demanding a P/E valuation of 35.3x (to its restated FY21 EPS of Rs. 3.4). Considering the RoE of 5.6%, the demanded valuation seems to be highly stretched. There are already much better-established peers in the listed space, which investors can consider for investment. This we are assigning an “AVOID” rating for the issue.”

Exxaro Tiles IPO Subscription: Key IPO Details

TypeValue
Issue Size₹161.09 Cr
Open Date04/08/2021
Close Date06/08/2021
Face Value₹10/- per Equity Share
IPO Price₹118 – ₹120
Lot Size125 shares
LotsMin 1 – Max 13

Exxaro Tiles IPO: Financials

201920202021
Revenue from Ops₹242.25 Cr₹240.74 Cr₹255.15 Cr
Profit before Excep*₹7.68 Cr₹12.17 Cr₹17.16 Cr
Profit after Tax8.92 Cr₹11.26 Cr₹15.22 Cr
EPS (Basic)2.663.364.54
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS3.8330.8131.33
* Weighted Average for last 3 years

Exxaro Tiles IPO: Comparison with listed industry peers

CompanyP/E (Cap)
Exxaro Tiles31.33
Highest (Orient Bell)61.20
Lowest (Asian Granito)9.89
Sector Avg42.76

Exxaro Tiles IPO Subscription – FAQs

1. How to apply for Exxaro Tiles IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Exxaro Tiles IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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