Exxaro Tiles Ltd. IPO

Exxaro tiles is diversified and evolved into a vitrified tiles manufacturer. Vitrified tile is an alternative to marble and granite flooring.

Exxaro Tiles Ltd. IPO Details

Check out the issue details for Exxaro Tiles Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 120

Price Band

₹ 118 - 120

Issue Size

161.09 Cr.

Issue Type

Book Built

Open

2021-08-04

Close

2021-08-06

Listingprice

₹ 126

ListingGain

5.00%

Listing Date

2021-08-16

CMP

₹ 8.07

Current Return

-93.28%

Company Financials

You can get the following financial statements of Exxaro Tiles Ltd. as of now.

The valuation of Exxaro Tiles IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 120
Existing Shares (Qty) 3.35 Cr
Fresh Issue (Qty) 1.11 Cr
Market Cap 535 Cr
EPS  Rs 4.54 
PE Ratio ~26x
Industry PE ~43x

 

Exxaro Tiles IPO issue size is 161.09 Cr. 

Issue Amount
Fresh Issue 134.23 Cr
Offer For Sale 26.86 Cr

 

An Individual can apply for a minimum 1 lot of 125 shares and a maximum of 13 lots of 1625 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 125 Rs 15,000
 Maximum 13 1625 Rs 1,95,000

 

Exxaro Tiles IPO is subscribed 22.65 times till 6th August. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 25% 17.67 Times
Non-Institutional Minimum 35% 5.36 Times
Retail Individual Minimum 40% 40.05 Times
Employee 2.68 Lakh Shares 2.53 Times
Total   22.65 Times

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Exxaro Tiles IPO:

Schedule Date
Basis of Allotment 11 August 2021
Refunds 12 August 2021
Credit to Demat Account 13 August 2021
IPO Listing Date 16 August 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Exxaro Tiles IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 255.14 325.34 317.09 301.68 299.63
Total Expenditure 206.73 278.47 283.67 277.15 278.52
Operating Profit 48.42 46.87 33.43 24.53 21.11
Other Income 3.64 2.89 2.77 2.28 1.23
Interest 21.26 9.98 9.28 14.21 11.96
Depreciation 13.63 13.64 15.77 9.36 9.52
Exceptional Items 0 0 -0.98 0 0
Profit Before Tax 17.16 26.15 10.16 3.24 0.86
Provision for Tax 1.94 8.05 2.86 0.96 1.64
Net Profit 15.22 18.1 7.3 2.28 -0.78
Adjusted EPS (Rs.) 0.05 0.04 0.02 0.01 0

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 33.56 44.74 44.74 44.74 44.74
Total Reserves 102.48 222.06 229.35 232.06 231.44
Borrowings 69.92 22 28.92 21.42 13.75
Other N/C liabilities 4.47 8.05 9.39 9.73 10.27
Current liabilities 158.89 107.99 155.19 178.45 183.66
Total Liabilities 369.31 404.85 467.58 486.4 483.86
Assets
Net Block 159.41 150.27 198.42 194.04 191.35
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1.37 0.01 10.01 1.07 0.01
Loans & Advances 0.87 2.1 2.27 1.63 1.73
Other N/C Assets 0.37 0.37 0.37 0.37 0.37
Current Assets 207.3 252.1 256.51 289.3 290.4
Total Assets 369.31 404.85 467.58 486.4 483.86
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 0.39 0.14 0.33 0.04 0.2
Profit Before Tax 0.55 1.2 4.08 0.68 1.21
Tax 0.95 0.29 1.12 0.19 0.28
Profit After Tax -0.39 0.91 2.97 0.5 0.94
Adjusted EPS (Rs) -0.01 0.02 0.07 0.01 0.02

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 42.07 0
Jun 2025 42.07 0
Mar 2025 42.07 0
Dec 2024 42.07 0
Sep 2024 42.07 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 17.16 26.15 10.16 3.24 0.86
Adjustment 35.3 21.91 24.26 21.88 20.89
Changes in Assets & Liabilities -11.74 -16.77 -8.14 -19.47 3.55
Tax Paid -2.94 -6.52 -3.06 -0.36 -1.67
Operating Cash Flow 37.79 24.77 23.22 5.28 23.62
Investing Cash Flow -1.71 -9.24 -66.74 5.71 -4.99
Financing Cash Flow -34.42 -1.45 27.82 -10.71 -19.38
Net Cash Flow 1.65 14.09 -15.7 0.28 -0.75
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