Exxaro Tiles IPO: How to check allotment status, listing date and more

• Exxaro Tiles is likely to announce its share allotment status for its IPO on Wednesday.
• The issue size of vitrified tiles’ maker was subscribed 22.68 times on the third and final day of issue.
• The company’s IPO received bids for 25.96 crore shares as against 1.14 crore shares on offer.
• Check out the latest news and updates on Business Insider.

The allotment status of the public issue of Exxaro Tiles is likely to be announced on Wednesday, August 11.

The company is looking to raise ₹161 crore, with a price band of ₹118-120 per share. It will use the proceeds for borrowing and funding its working capital requirements besides utilising it for general corporate purposes.

Exxaro Tiles is engaged in manufacturing and marketing activities of vitrified tiles. The company manufactures double charge vitrified tiles and glazed vitrified tiles made from ceramic materials — clay, quartz and feldspar. The company’s product portfolio consists of more than 1000 different designs of tiles in six sizes.

The IPO was open for subscription from August 4 to August 6. The issue received bids for 25.96 crore shares as against 1.14 crore shares on offer. The issue was subscribed 22.68 times.

Here is how to check Exxaro Tiles’ IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'Exxaro Tiles’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Exxaro Tiles ’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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