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Exxaro Tiles shares list at 5% premium

Exxaro Tiles shares listing: The stock made its debut at Rs 126, a marginal gain of 5 per cent from the issue price on both BSE and NSE.

By: PTI | New Delhi |
Updated: August 16, 2021 11:59:33 am
Exxaro Tiles IPO, Exxaro TilesExxaro Tiles is primarily engaged in the business of manufacturing and marketing of vitrified tiles used majorly for flooring solutions catering to residential and commercial segments. (Image: Facebook/Exxaro Tiles)

Shares of Exxaro Tiles on Monday made its stock market debut, listing at a premium of 5 per cent against its issue price of Rs 120.

The stock made its debut at Rs 126, a marginal gain of 5 per cent from the issue price on both BSE and NSE.

As the trade progressed, it jumped 10.25 per cent to Rs 132.30 on both the exchanges.

Exxaro Tiles’ initial public offering received 22.68 times subscription earlier this month.

The Rs 161.08-crore initial public offer (IPO) had a price range of Rs 118-120 per share.

Pantomath Capital Advisors was the book running lead manager to the offer.

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