Exxaro Tiles IPO Subscription Day-1

Exxaro Tiles IPO Subscription Day-1

Last Updated: Dec 11, 2022 - 04:21 am 56.8k Views
Listen icon

The Rs.161.09 crore IPO of Exxaro Tiles, consisting of Rs.134.23 crore fresh issue and Rs26.86 crore OFS, has got fully subscribed at the end of Day-1 itself; thanks to a strong response from retail investors. As per the combined bid details put out by the BSE, Exxaro Tiles IPO was subscribed 4.67X overall, with bulk of the demand coming from the retail segment. The issue still has 2 more days to go.

As of close of 04 Aug, out of the 114.51 lakh shares on offer in the IPO, Exxaro Tiles saw applications for 530.66 lakh shares. This implies an overall subscription of 4.63X. The granular break-up of subscriptions was tilted in favour of retail investors but that is natural in most IPOs since QIB and HNI bids come in on the last day.


Exxaro Tiles IPO Subscription Day 1


Subscription Status
Qualified Institutional (QIB) 1.11 Times
Non-Institutional (NII) 0.65 Times
Retail Individual 9.29 Times
Employee 0.74 Times
Total 4.67  Times


QIB Portion

The QIB portion got close to full subscription of its quota at the end of Day-1. On 03 Aug, Exxaro Tiles did an anchor placement worth Rs.26.86 crore. QIB portion, net of anchor allocation, was subscribed 0.95X at the end of Day-1.

HNI Portion

The HNI portion got subscribed 0.65X (getting applications for 30.07 lakh shares against the quota of 46.04 lakh shares). Funded applications and corporate applications, will come in on the last day.

Retail Portion

However, the real big story was the retail portion, which is already subscribed 9.29 times at the end of Day-1, showing strong retail appetite. Among retail investors; out of the 52.62 lakh shares on offer, valid bids were received for 486.11 lakh shares, of which bids for 387.37 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.118-Rs.120) and will close for subscription on Friday, 06 August.

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Mukka Proteins IPO Allotment Status

About the Mukka Proteins Ltd IPO The stock of Mukka Proteins Ltd has a face value of ₹1 per share and the price band for the book building IPO has been set in the range of ₹26 to ₹28 per share. The Mukka Proteins IPO will be entirely a fresh issue of shares with no offer for sale (OFS) component. A fresh issue tends to bring in fresh funds into the company, but is also EPS and equity dilutive.

M.V.K. Agro Food Product IPO Allotment Status

Building blocks of the M.V.K. Agro Food Product Ltd IPO The stock of M.V.K. Agro Food Product Ltd has a face value of ₹10 per share and it is a fixed price issue. The price for the book building issue is set at ₹120 per share. Being a fixed price IPO, the question of price discovery does not arise in this case. The M.V.K.

Amazon is set to take on Meesho with its Amazon Bazaar

The battle of the giants in Indian e-commerce is heating up as Amazon is set to challenge local favorites like Meesho and Flipkart's Shopsy with its latest venture, Amazon Bazaar.  In a bid to tap into the burgeoning market of value-conscious consumers, the global giant Amazon is set to disrupt it with its new venture.