Friday, July 30, 2021

Exxaro Tiles IPO GMP, Grey Market Premium & Kostak Rates Today

Check out Exxaro Tiles IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Exxaro Tiles IPO GMP stable around 10-20. There are no trades in grey market and that might affect the listing as well.

Exxaro Tiles IPO to hit the market on 04 August 2021 and closes on 06 August 2021. The company to raise ₹161 crore that comprises fresh issue of 11,186,000 equity shares and offer for sale up to 2,238,000 equity shares. They are manufacturer of vitrified tiles used majorly for flooring solutions. The company to list in T Group. There are 4 IPOs to hit on the same date that are Devyani International, Windlas Biotech and Krsnna Diagnostics. We might see some vary in the GMP rates. The IPO price band is fixed ₹118 to ₹120. The Exxaro Tiles IPO to list on NSE and BSE.

Exxaro Tiles

    What is Exxaro Tiles IPO GMP Today?

    • The Exxaro Tiles IPO GMP aka grey market premium is ₹15.


    What is Exxaro Tiles IPO Kostak Rates Today?

    • The Exxaro Tiles IPO kostak rate is ₹0.


    What is Exxaro Tiles IPO Subject to Sauda Price Today?

    • The Exxaro Tiles IPO subject to sauda rates is ₹0.


    Exxaro Tiles IPO Expected Returns?

    • The Exxaro Tiles expected return is 15%.


    Exxaro Tiles IPO GMP Rates day by day with Kotak rates.

    Date
    GMP
    Kostak Subject to
    16 August ₹10 ₹0 ₹0
    15 August ₹10 ₹0 ₹0
    14 August ₹10 ₹0 ₹0
    13 August ₹10 ₹0 ₹0
    12 August ₹10 ₹0 ₹0
    11 August ₹10 ₹0 ₹0
    10 August ₹15 ₹0 ₹0
    09 August ₹15 ₹0 ₹0
    08 August ₹15 ₹0 ₹0
    07 August ₹15 ₹0 ₹0
    06 August ₹20 ₹0 ₹0
    05 August ₹20 ₹0 ₹0
    04 August ₹20 ₹0 ₹0
    03 August ₹22 ₹0 ₹0
    02 August ₹20 ₹0 ₹0
    01 August ₹15 ₹0 ₹0
    31 July ₹15 ₹0 ₹0
    30 July ₹0 ₹0 ₹0
    29 July ₹0 ₹0 ₹0
    28 July ₹0 ₹0 ₹0
    27 July ₹0 ₹0 ₹0
    26 July ₹0 ₹0 ₹0
    25 July ₹0 ₹0 ₹0

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    About Exxaro Tiles

    We are engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. We 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. Our business operations are broadly divided into two product categories:

    Double Charge Vitrified Tiles:
    Double charge vitrified tiles are 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.

    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. These tiles are coated with glaze materials prior to the firing process.

    As on date, we supply products mainly in 6 sizes. We have 1000+ designs in our product basket, which are marketed under our brand “Exxaro”. We believe that our well-known brand series include Topaz Series, Galaxy Series, High Gloss Series, etc. We focus our research and development efforts on developing products which we believe are innovative and in line with the trends. We believe that some of our key product development highlights include: 1) 3D Effect in Double Charge Vitrified Tiles 2) Replica of Natural Stones in Double Charge Vitrified Tiles 3) High transparent glaze in weight method for glazed vitrified tiles. Further we also supply wall tiles to certain of our dealers wherein we get the products manufactured on outsourced basis. Our integrated model has allowed us to develop insights across the entire value chain right from product design, process development, manufacturing to marketing.

    We are distinguished by our large dealer network with whom we have developed long term relationships over the years. As on date of this DRHP, we have more than 2,000 registered dealers.. We also supply products for large infrastructure related projects. Over our operating history of more than a decade, we have supplied our products for various projects including residential, commercial, educational institutions, hotels, hospitals, government, religious institutions, builders/developers, etc. We believe that our ability to meet stringent quality and technical specifications, introduce designs to meet evolving customer preferences and state-of-the-art manufacturing facilities, upgrade in-house processes to increase efficiencies have enabled us to establish our brand in ceramic industry.

    Domestically, we have PAN India presence (27 states based on sales made during Fiscal 2020) and internationally we supply products in over 13 countries including Poland, UAE, Bosnia etc.

    We have two state-of-the-art manufacturing facilities which are located at Padra and Talod respectively in Gujarat. We have a combined installed production capacity of 1,32,00,000 sq. mt. p.a. Our Unit II is one of the single largest plants for manufacturing glazed vitrified tiles under one roof in India. Over the years, we have made continuous investments in our manufacturing infrastructure to support our product portfolio requirements and reach. Our capabilities as a Company include internal R&D expertise, state-of-the-art manufacturing capabilities, a strict quality assurance system, modern production designing experience and established marketing and distribution relationships. We also have 6 display centres in 6 cities and 2 marketing offices at Delhi and Morbi to complement our growth strategies.

    Our Company is promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel and Kirankumar Patel. Our Promoters manage and control the major affairs of our business operations with their considerable experience in our Industry. We believe our success is the result of sustained efforts over the years in key aspects of our business, such as product portfolio, process improvements, relationship with our dealers and increased scale of operations.

    Exxaro Tiles IPO Date & Price Band

     IPO Open:  04 August 2021
     IPO Close:  06 August 2021
     IPO Size:  Approx ₹161.09 Crores
     Fresh Issue:  Approx ₹143.23 Crores
     Offer for Sale:  Approx ₹26.86 Crores
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹118 to ₹120 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  40%
     Discount:  ₹12 for Employees

    Exxaro Tiles IPO Market Lot

     Minimum Lot Size:  Minimum 125 Shares
     Minimum Amount:  ₹15,000
     Maximum Lot Size:  Maximum 1625 Shares
     Maximum Amount:  ₹195,000

    Exxaro Tiles IPO Date, Time Table, Allotment & Listing

     Price Band Announcement:  30 July 2021
     Anchor Investors Allotment:  03 August 2021
     IPO Open Date:  04 August 2021
     IPO Close Date:  06 August 2021
     Basis of Allotment:  11 August 2021
     Refunds:  12 August 2021
     Credit to Demat Account:  13 August 2021
     IPO Listing Date:  17 August 2021

    Exxaro Tiles IPO GMP aka Grey Market Premium FAQs:


    What is Exxaro Tiles IPO GMP Today?
    Exxaro Tiles IPO GMP is ₹10 as on today.

    What is Exxaro Tiles IPO Kostak Rate Today?
    Exxaro Tiles IPO Kostak Rate is ₹0 as on today.

    What is Exxaro Tiles IPO Subject to Sauda Today?
    Exxaro Tiles IPO Subject to Sauda is ₹0 as on today.

    What is Exxaro Tiles IPO Expected Returns?
    Exxaro Tiles IPO Expected Returns is 15% .

    Disclaimer:
    •  IPO Grey Market Premium (Exxaro Tiles IPO GMP) mention is valid for the specific date as mentioned in the header.
    •  We are not buying and selling IPO forms on IPO Grey Market.
    •  Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
    • Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.

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