Exxaro Tiles started and diversified as a manufacturer firm and then as a partnership firm in 2007-2008 and is now primarily involved in the manufacture of vitrified tiles and is engaged in the business of marketing. Flooring catering solutions for residential and commercial areas. It currently has a 2000+ dealer network in 27 states. It has a combined manufacturing capacity of 13.2 million square meters.
Exxaro supplies its products to large infrastructure projects i.e., residential, educational, commercial, hotels, hospitals, government, builders or developers, religious institutions, etc. It also exports tiles to different countries across the globe i.e., Poland, Bosnia, USA, and others.
Currently, Exxaro Tiles has 2 state-of-the-art manufacturing facilities in Padra and Talod with an installed production capacity of 1,32,00,000 sq. mt per annum. It further has 6 display centers in 6 cities and 2 marketing offices in Delhi and Morbi.

Objects of the Issue:

• To make repayment or prepayment of secured borrowings availed by the company.
• To meet working capital requirements.
• Meet general corporate purposes.

Company Financials:



Exxaro Tiles IPO Details:



Exxaro Tiles IPO Tentative Timetable:



Exxaro Tiles IPO Lot Size

The Exxaro Tiles IPO market lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1625 shares or ₹195,000 at cut off).

Exxaro Tiles IPO Promoter Holding

Pre-Issue Share Holding 56.09%
Post-Issue Share Holding 42.5%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.