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Exxaro Tiles Ltd IPO: Apply or Not?

On January 2, 2008, 'Ricasil Ceramic Pvt Ltd' was incorporated in Himmatnagar as' Ricasil Ceramic Pvt Ltd. ' On December 9, 2020, a General Meeting was conducted. The company's name was changed to its current name, 'Exxaro Tiles Limited.'

Production Specifications: Double Charge Verified Tiles and Glazed Vitrified Tiles are produced by the business. At the moment, the company primarily offers products in 6 sizes and 1000+ designs. Exxaro Tiles Ltd. has two cutting-edge production plants in Gujarat, Padra and Talod, with a combined installation capacity of 1,32,00,000 sq. mt. p.a. Unit II is one of the largest plants for manufacturing glazed verified tiles under one roof in India. (Source: Brickwork Report) 

Network of the Company: Currently, over 2000 registered dealers supply products for large-scale infrastructure projects. The company has grown its operations to 27 states and 12 countries, including Poland, Italy, and Bosnia.

Revenue from Exports: For fiscal years 2021, 2020, and 2019, the company's revenue from exports contributed 13.88%, 13.51%, and 6.68%, respectively, of all its revenue operations.

Strengths of the Company:

  1. Modern production facilities with a significant emphasis on design and quality.
  2. Widespread sales and dealers network
  3. A large product portfolio with around 1000 designs
Financials of The Company:

Particulars

for the year/period ended (₹ in million)

31-03-2021

31-03-2020

31-03-2019

Total Assets

3693.14

3870.55

3582.55

Total Revenue

2598.53

2439.64

2440.06

Profit After Tax

152.23

112.59

89.17

IPO Details:

IPO Opening Date

04-08-2021

IPO Closing Date

06-08-2021

Face Value

10₹. Per Equity Share

or the year/period ended (₹ in million)IPO Price


₹118 to ₹120 per equity share

 

Market Lot

125 Shares

Listing At

BSE, NSE

Issue Size

161.09 Cr.


IPO Time Table:

IPO Open Date

04-08-2021       

IPO Close Date

06-08-2021

Allotment Date

11-08-2021

Listing Date

17-08-2021


Recommendation
Apply for only listing gain


(Source:- All details are collected from sebi website)

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