Exxaro Tiles IPO Allotment Status, Date, GMP today, Share Price

Exxaro Tiles IPO Allotment Status, Date, GMP today, Share Price can be checked from here. Get the Exxaro Tiles GMP today from this page now. As of Friday, 6 July, Exxaro Tiles Limited closed its IPO. There were 22.68 times its subscriptions on the NSE for this issue. Those who have subscribed for Exxaro Tiles IPO and wish to check their IPO Allotment Status should know how to do so. 

Exxaro Tiles IPO Allotment Status

Knowing the entire timeline from the allotment date to the listing date will help you to understand this issue better. And in this article, we will provide every detail about the Exxaro tiles IPO Allotment Status, GMP, share price etc. A total of 12.18 times were subscribed to the issue on the BSE. There were 22.46 subscriptions from RIIs, while there were 3.94 subscriptions from QIBs. Furthermore, it was subscribed to 3.35 times by non-institutional investors.    

There are two ways to check the IPO allocation status of Exxaro Tiles online. You can access the BSE website by logging in first.  Secondly, you can log in to the official registrar website, Linktime.  The actual Exxaro Tiles IPO Allotment Status however, will only be accessible after the share allocation is announced. 

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Exxaro Tiles IPO Allotment Status from BSE Site

  • Go to the BSE website page i.e. bseindia.com/investors/appli_check.aspx
  • Click on ‘Equity’ in the drop-down menu       
  • Choose the IPO’s name now    
  • Verifying the application number and the PAN number is required here       
  • All you have to do is click on the search button. Your IPO allocation is displayed.      

Exxaro Tiles IPO Allotment Status Linktime

  • Go to the Linktime IPO allocation page i.e. https://linkintime.co.in/MIPO/Ipoallotment.html
  • Please select the name of the IPO    
  • Enter the application number and PAN number here     
  • Once you click the Search button, your search will begin. On the screen, you will see the Exxaro Tiles IPO allocation.

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Exxaro Tiles IPO Allotment Status

Exxaro Tiles IPO Grey Market Premium

The grey market offered shares of the company for 22 rs on Wednesday. It is therefore 2 rs more expensive than Tuesday’s share price. 

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For the past three days, Exxaro Tiles has seen its IPO grey market premium rise. During this period, the index has moved from 16 rs to 22 rs. 

About Exxaro Tiles IPO

Exxaro Tiles had a 22.68 times subscription for the 1.14 crore shares available for public sale. These services were on offer from August 4 to August 6, 2021. There was a price band of Rs 118-120 for each share. IPO for Exxaro Tiles attracted bids totaling over 25.96 crore shares compared to the issue size which was about 1.14 crore shares.

Qualified institutional buyers were inundated with 17.67 times the amount of shares. These issues were subscribed to 5.36 times by non-institutional investors and 40.10 times by retail individuals. A corresponding 2.53 times subscription was reported for employee shares, according to the data. 

Exxaro Tiles Company Profile

Vitrified floor tiles are manufactured and sold by Exxaro Tiles. Since 2007-08, the business has been manufacturing it.  This raw material is used in the production of tiles, and it is also used to manufacture certain types of vitrified tiles.

Products are categorized into two groups. It consists of vitrified tiles and with glazed vitrified surfaces. Exxaro is the brand under which the products are marketed. There are over 1,000 designs and sizes available. Several dealers also receive wall tiles from it, whose manufacture is outsourced.

Tiles by Exxaro are sold in around 24 states. The company has more than 2,000 registered dealers. More than 12 countries also import tiles from them. A CAGR of 47.92 percent was achieved during the period of FY19-FY21 for exports, which accounted for 13.88 percent of the company’s total revenue. The two plants of the company have 13 million square metres of annual production capacity.

Exxaro Tiles Financial Profile

On revenue from operations of Rs 255.14 crore, Exxaro Tiles earned a profit of Rs 15.23 crore in FY21. In FY20, they generated revenues of Rs 240.74 crore and profits of Rs 11.26 crore. A revenue of 242.25 crore generated earnings of 8.92 crore in FY19.

Strengths

  1. Modern plants that emphasize quality and design.
  2. Domestic marketing through two channels. The supply of equipment and products through an infrastructure-related network of dealers and distributors.
  3. About 1,000 designs in its portfolio.
  4. Ceramic-industry-experienced management and a committed workforce.

Final Words

You will have to wait until the 13th Aug 2021 to check your Exxaro Tiles IPO IPO Allotment Status. Following this, you can view the IPO allocation status for Exxaro Tiles. You can use either of the two sites to check the Exxaro Tiles IPO IPO Allotment Status.

If your shares are allocated then your account will be credited with your shares.  Additionally, refunds will be sent to your accounts if your Allotment is rejected. You can also go to your Demat account if your name was included in the Exxaro IPO.

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