Exxaro Tiles IPO GMP History
Exxaro Tiles IPO has been listed on August 16, 2021 at a listing price of ₹126, against the issue price of ₹120 — a gain of ₹6 (+5%). The GMP peaked at ₹22 on 3 August 2021 and reached a low of ₹0 on 30 July 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Exxaro Tiles IPO raised ₹160.78 Cr. through its IPO at a price band of ₹118 to ₹120 per share, with a lot size of 125 shares. The IPO was open for subscription from 04 Aug 2021 to 06 Aug 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 16 Aug 2021 | ₹ 10 | — | 8% | — | — |
| 15 Aug 2021 | ₹ 10 | — | 8% | — | — |
| 14 Aug 2021 | ₹ 10 | — | 8% | — | — |
| 13 Aug 2021 | ₹ 10 | — | 8% | — | — |
| 12 Aug 2021 | ₹ 10 | — | 8% | — | — |
| 11 Aug 2021 | ₹ 10 | ▼ | 8% | — | — |
| 10 Aug 2021 | ₹ 15 | — | 12% | — | — |
| 09 Aug 2021 | ₹ 15 | — | 12% | — | — |
| 08 Aug 2021 | ₹ 15 | — | 12% | — | — |
| 07 Aug 2021 | ₹ 15 | ▼ | 12% | — | — |
| 06 Aug 2021 | ₹ 20 | — | 17% | — | — |
| 05 Aug 2021 | ₹ 20 | — | 17% | — | — |
| 04 Aug 2021 | ₹ 20 | ▼ | 17% | — | — |
| 03 Aug 2021 | ₹ 22 | ▲ | 18% | — | — |
| 02 Aug 2021 | ₹ 20 | ▲ | 17% | — | — |
| 01 Aug 2021 | ₹ 15 | — | 12% | — | — |
| 31 Jul 2021 | ₹ 15 | ▲ | 12% | — | — |
| 30 Jul 2021 | ₹ 0 | — | -- | — | — |
| 29 Jul 2021 | ₹ 0 | — | -- | — | — |
| 28 Jul 2021 | ₹ 0 | — | -- | — | — |
| 27 Jul 2021 | ₹ 0 | — | -- | — | — |
| 26 Jul 2021 | ₹ 0 | — | -- | — | — |
| 25 Jul 2021 | ₹ 0 | — | -- | — | — |
Exxaro Tiles IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 04 Aug 2021
- Close 06 Aug 2021
- Allotment 11 Aug 2021
- Refund/credit 12 Aug 2021
- Listing 16 Aug 2021
Exxaro Tiles IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹120 |
|---|---|
| Listing gain / loss | +₹6 per share |
| Listing date | 16 Aug, 2021 |
| Actual listing price | ₹126 (+5%) |
Is Exxaro Tiles IPO GMP reliable?
Grey market premium for Exxaro Tiles IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Exxaro Tiles IPO full review for a fundamentals-based assessment before making any grey market trades.
Exxaro Tiles IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Exxaro Tiles IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Exxaro Tiles IPO
Exxaro Tiles Limited was incorporated as Ricasil Ceramic Industries Private Limited on 2 January 2008 by converting a partnership firm. The business began in 2007-08 as a maker of frit, a raw material for tiles, and later moved into vitrified tiles.
It makes double charge vitrified tiles, which use a double layer of pigment for heavy traffic areas, and glazed vitrified tiles. It sells 1000+ designs in 6 sizes under the Exxaro brand, including the Topaz, Galaxy and High Gloss series.
Its two plants, at Padra and Talod in Gujarat, have an installed capacity of 1,32,00,000 sq mt a year. It has 2,000+ registered dealers across 27 states, 6 display centres, and exports to 13+ countries including Poland, Bosnia and the USA.
The IPO was Rs 160.78 crore, with Rs 133.98 crore of fresh issue and Rs 26.81 crore of offer for sale. Rs 50.00 crore was planned for repaying borrowings and Rs 45.00 crore for working capital.
Frequently asked
What is the GMP of Exxaro Tiles IPO?
The current Grey Market Premium (GMP) of Exxaro Tiles IPO is not yet started or active in the market.
What is the Kostak Price of Exxaro Tiles IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Exxaro Tiles IPO is not available.
What is the Subject to Sauda Price of Exxaro Tiles IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Exxaro Tiles IPO?
Exxaro Tiles IPO listed on August 16, 2021 at ₹126, against the issue price of ₹120 — a gain of +5%.
How did the GMP of Exxaro Tiles IPO trend before listing?
The GMP of Exxaro Tiles IPO was stable in its final days before listing. The GMP peaked at ₹22 on 3 August 2021. View the day-wise table above for the complete GMP history.
Explore Exxaro Tiles IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
