Company Background
Exxaro Tiles company is promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel and Kirankumar Patel. The company promoters manage and control the major affairs of their business operations with their considerable experience in the Industry. The company believe their success is the result of sustained efforts over the years in key aspects of their business, such as product portfolio, process improvements, relationship with their dealers and increased scale of operations.
Business Information
Exxaro Tiles is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. The company has 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. The company’s business operations are broadly divided into two product categories. The company has PAN India presence (27 states based on sales made during Fiscal 2020) and internationally they supply products in over 13 countries including Poland, UAE, Bosnia etc.
Facts about the company
The company is distinguished by their large dealer network with whom they have developed long term relationships over the years. As on date of this DRHP, the company has more than 2,000 registered dealers.
The company focusses on research and development efforts on developing products which they believe are innovative and in line with the trends
EXXARO TILES is consistent with the vision and values, the group strives to strengthen its existence in the business with successful verticals.
Points to note before investing inExxaro Tiles Ltd IPO
The company has been a professionally run enterprise that is committed to total customer satisfaction and passionate about conquering new horizons.
The company also supply products for large infrastructure related projects.
The company has 3 key product development highlights which 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.
IPO Opening Date | August 4, 2021 |
IPO Closing Date | August 6, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹118 to ₹120 per equity share |
Market Lot | 125 Shares |
Min Order Quantity | 125 Shares |
Listing At | BSE, NSE |
Allotment , Listing and Refunds details
Basis of Allotment Date | August 11, 2021 |
Initiation of Refunds | August 12, 2021 |
Credit of Shares to Demat Account | August 13, 2021 |
IPO Listing Date | August 17, 2021 |
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