Exxaro Tiles IPO draws nearly 11 times subscription so far on Day 3

2021-08-06 11:31:56

NEW DELHI: The public issue of Exxaro Tiles, which seeks to raise Rs 161 crore from the market, continued to receive strong response from investors on Friday. Today is the last day to subscribe to the IPO.

By 10.24 am, the issue received applications for 12,13,17,500 shares out of 1,14,50,675 on offer, meaning a subscription of 10.59 times.

The price band for the offer has been decided at Rs 118-120 per equity share. Those who wish to

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Exxaro Tiles IPO to open on Aug 4; price band set at Rs 118-120

2021-07-30 12:40:27

NEW DELHI: The initial public offer (IPO) of Exxaro Tiles, Gujarat-based manufacturer of vitrified tiles, will open for public bidding on August 4 and close on Friday. The price band for the offer has been decided at Rs 118-120 per equity share.

Under the IPO, the company will issue 111,86,000 equity shares and one of its shareholders will sell 2,238,000 shares.

The company proposes to utilize net proceeds from the fresh issue towards payment of borrowings and funding

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