3d business graph shows financial growth | Photo Credit: bluebay2014
Exxaro Tiles debuted on a positive note on the bourses on Monday, listing at a 5 per cent premium against the IPO price of ₹120.
It opened at ₹126 on the BSE with ₹6.00 or 5 per cent gains against the issue price. It gained further to reach a high of ₹132.30, up ₹12.30 or 10.25 per cent against the issue price.
On the NSE as well, after opening at ₹126, it was trading at ₹132.30, up 10.25 per cent over the issue price.
Also read: IPO Screener: Devyani, Krsnaa, Windlabs, Exxaro listing today
The IPO of Exxaro Tiles, which plans to raise about ₹161 crore, through a fresh issue of ₹134.23 crore and an offer-for-sale of up to 22.38 lakh shares, was subscribed 22.65 times. The company had fixed the price at ₹120, upper end of the price band of ₹118-120. The company had raised ₹161 crore through the IPO.
The portion reserved for retail investors was subscribed 40 times while HNIs and QIBs portions received bids for 5.36 times and 17.67 times. Employee portion got 2.53 times.
The vitrified tiles manufacturer had raised ₹23.68 crore from two anchor investors ahead of issue opening.
Published on August 16, 2021
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.