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Exxaro Tiles IPO

Exxaro Tiles Ltd.

₹14,750 /125 sharesMinimum Investment

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Aug ‘21 - 6 Aug ‘21₹14,750125₹118 - ₹120
Issue SizeIPO Doc
161.09Cr
RHP PDF

Subscription Rate As on 06 Aug '21, 8:00 PM

  • Retail Individual Investor
    40.10x
  • Non-Institutional Investor
    5.36x
  • Qualified Institutional Buyers
    17.67x
  • Employees
    2.53x

About Company

Exxaro Tiles is engaged in the manufacture and marketing of vitrified tiles that are used primarily in flooring solutions. Its business operations are broadly divided into two categories: Double Charge Vitrified tiles and Glazed Vitrified tiles. It markets its products under the brand Exxaro and has over 1000 designs in its products basket. The company has more than 2000 registered dealers and a PAN-India presence. It also supplies products to over 12 countries internationally.
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Parent Organisation
Exxaro Tiles Ltd.
Founded
2008
Managing Director
Mukeshkumar Patel

Strengths & Risks

  • It has state-of-the-art manufacturing facilities with a clear focus on design and quality
  • Widespread network of dealers aided by an in-house team for sales and marketing
  • Large portfolio of products
  • Experienced Promoters with a strong management team
  • Any volatility in the supply and pricing of raw materials and stores & spares.
  • Any shortage, non-availability, or fluctuations in the price of fuel, power, and water
  • Significant working capital requirement.
  • Inability to protect intellectual property rights from being infringed upon
  • Manufacturing and R&D facilities are located in one state – Gujarat, and any disruption in the state can cause manufacturing to stop.
  • Risks associated with the overseas market like foreign currency exchange rate fluctuations, tax norms, etc.
  • Impact of COVID-19.
  • Dependency on the performance of related industries like real estate, infrastructure, etc.
  • Any adverse change in regulatory requirements governing its products or the products of its customers.
  • Modification or cancellation of orders by its customers.
  • Absence of long-term or definitive agreements with its dealers or customers.
  • Inability to accurately forecast demand for its products and manage inventory accordingly.

Financials

*All values are in Rs. Cr
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