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IPO Synopsis

Exxaro Tiles Ltd
Registered Office: No 169 & 170 Vavdi Harsol Rd,P O Mahelav Tal Talod , Sabarkantha - 383305 , Gujarat , India.
Phone : +02772-350555   Fax:
Email :  info@exxarotiles.com  
Website :  www.exxarotiles.com
Initial Public Offering of 13,424,000* equity shares of face value of (Rs) 10 each ("equity shares") of the company for cash at a price of (Rs)120 per Equity share (including a share premium of (Rs)110 per equity share) ("offer price") aggregating to (Rs)160.77** Crores, comprising a fresh issue of 111,86,000* equity shares aggregating up to (Rs)133.91** Crores by the company ("fresh issue") and an offer for sale of 2,238,000* equity shares aggregating to (Rs)26.86* Crores by MR. DIXITKUMAR PATEL ("selling shareholder") ("offer for sale", and together with the fresh issue, "offer"). The offer will constitute 30% of the post-offer paid-up equity share capital. This offer includes a reservation of 268,500* equity shares aggregating to (Rs)2.90** Crores (constituting 0.60% of the post-offer paid-up equity share capital of the company) for purchase by eligible Employees (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitutes 30% and 29.40%, respectively, of the post-offer paid-up equity share capital of the company. The company and the selling shareholder in consultation with the book running lead manager, offered a discount of (Rs)12 of the offer price to eligible employees bidding in the employee reservation portion ("employee discount"). The face value of each equity share is (Rs)10. The offer price is (Rs) 120 per equity share and is 12 times the face value of the equity shares. * subject to finalisation of the basis of allotment. **subject to the finalisation of basis of allotment and adjusted for employee discount of (Rs)12 per equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Aug-21 06-Aug-21 (Rs)120.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :125  Further Multiples of :125

  (Rs Cr) Lead Managers to the Issue
Project Cost 133.91 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 160.77  
Post Issue Equity Share Capital 44.74  
Issue Price (Rs)120.00  
Projects
Prepayment/repayment of certain secured borrowings availed by the company General corporate purposes
Funding the working capital requirements of the company
Promoted By
Mukeshkumar Patel  
Kirankumar Patel  
Dineshbhai Patel  
Listing At
BSE 
NSE 
Registrar to the Issue
No Data Found.

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