Exxaro Tiles IPO GMP Summary:
The Exxaro Tiles IPO, a main-board offering, raised ₹161.09 Crores through the issuance of 13,424,000 equity shares. Opening on August 4, 2021, and closing on August 6, 2021, the IPO set its price band at ₹118 to ₹120 per share. It listed on BSE and NSE on August 16, 2021. Retail investors could bid for a minimum of 125 shares, and there was a reservation of up to 268,500 shares for employees, offered at a discount of ₹12 to the issue price. The Grey Market Premium (GMP) for the Exxaro Tiles IPO was around ₹16, indicating a 13% premium against the issue price. Promoters of Exxaro Tiles include Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, and Mr. Rameshbhai Patel.
Understanding Exxaro Tiles IPO:
Exxaro Tiles Limited, a key player in the tile industry with a focus on vitrified tiles, conducted its IPO in 2021. The IPO aimed to raise funds for debt repayment, working capital requirements, and general corporate purposes, offering investors a chance to be part of its growth trajectory.
Key Details and GMP Analysis: Exxaro Tiles IPO
- Issue Period: August 4, 2021 – August 6, 2021
- Issue Price: ₹118 to ₹120 per share
- Minimum Order Quantity: 125 shares
- Listing Date: August 16, 2021
- Reservation: Up to 268,500 shares for employees at a discount
- GMP: Around ₹16, indicating a 13% premium
- Promoters: Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, Mr. Dineshbhai Patel, Mr. Rameshbhai Patel
Investor Categories and Lot Size: Exxaro Tiles IPO
- Qualified Institutional Buyers (QIBs): Offered 1,315,550 shares (11.49%)
- Non-Institutional Investors (NIIs): Had access to 4,604,425 shares (40.21%)
- Retail Individual Investors (RIIs): Allocated 5,262,200 shares (45.96%)
- Employees: Received 268,500 shares (2.34%)
- Lot Size: Retail investors could apply for a minimum of 125 shares
Grey Market Premium (GMP) Insights: Exxaro Tiles IPO
The GMP, an additional amount over the issue price that investors were willing to pay before listing, was an essential indicator. It varied but was around ₹16, reflecting positive market sentiment. However, GMP does not guarantee actual listing gains.
Profit/Loss Expectation and Investment Considerations:
Based on the GMP, the expected profit/loss for the IPO was approximately 4.17%. While investing, consider Exxaro Tiles’ strong market position, growth potential, and promoter experience. However, be aware of risks associated with IPO investments.
Why Exxaro Tiles IPO?
- Market Position: Strong presence in vitrified tile segment
- Growth Potential: Funds raised for expansion and debt reduction
- Promoter Experience: Experienced promoters add credibility
Must-Know Facts about Exxaro Tiles IPO GMP:
- IPO Size and Allocation: Raised ₹161.09 Crores with various allocations
- Listing Gains: GMP indicated potential listing gains
- Investor Interest: High GMP showed strong investor interest
- Risk Factors: Market conditions and company performance can impact listing price
Table: Exxaro Tiles IPO Key Details
| Detail | Information |
|---|---|
| Issue Period | August 4, 2021 – August 6, 2021 |
| Issue Price | ₹118 to ₹120 per share |
| Minimum Order Quantity | 125 shares |
| Listing Date | August 16, 2021 |
| Reservation for Employees | 268,500 shares at a discount of ₹12 |
| QIBs Allocation | 1,315,550 shares (11.49%) |
| NIIs Allocation | 4,604,425 shares (40.21%) |
| RIIs Allocation | 5,262,200 shares (45.96%) |
| Employee Allocation | 268,500 shares (2.34%) |
| Promoters | Mr. Mukeshkumar Patel, Mr. Kirankumar Patel, |
| Mr. Dineshbhai Patel, Mr. Rameshbhai Patel | |
| GMP | ₹16 |
| Expected Profit/Loss | Approximately 4.17% |
Final Thoughts and Action Steps: Exxaro Tiles IPO
Investing in the Exxaro Tiles IPO can be a promising opportunity, but it’s crucial to conduct thorough research and consult financial advisors. If you’re interested in creating your demat account, click the button below. Also, visit GRM IIT to learn trading and benefit from GRM Bulls’ financial services and assistance.
