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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Exxaro Tiles Ltd
Registered Office:
No 169 & 170 Vavdi Harsol Rd,P O Mahelav Tal Talod,
Sabarkantha - 383305,
Gujarat, India.
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
120.00-0.00
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
160.77
 
Post Issue
44.74
 
Issue Price
120.00
 
Projects
Prepayment/repayment of certain secured borrowings availed by the company
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Mukeshkumar Patel
Kirankumar Patel
Dineshbhai Patel
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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