Business

Exxaro Tiles IPO: On Day 2, the issue was subscribed 7.89 times and the retail part was booked 16 times.

According to subscription statistics accessible on markets, the Exxaro Tiles IPO got bids for 6.71 crore equity shares against an offer size of 1.14 crore shares.

Exxaro Tiles, a Gujarat-based vitrified tile manufacturer, had its initial public offering (IPO) subscribed 7.89 times on August 5, as investor demand remained robust on the second day of bidding.

According to subscription statistics accessible on markets, the offer attracted bids for 9.03 crore equity shares versus an IPO size of 1.14 crore shares.

The amount reserved for retail investors was subscribed 16.06 times, while the portion reserved for workers was subscribed 83 percent of the time.

Non-institutional investors bought 76 percent of their reserved piece, while qualified institutional investors bid 1.64 times their reserved amount.

Exxaro Tiles, a Gujarat-based vitrified tile manufacturer, had its initial public offering (IPO) subscribed 7.89 times on August 5, as investor demand remained robust on the second day of bidding.

According to subscription statistics accessible on markets, the offer attracted bids for 9.03 crore equity shares versus an IPO size of 1.14 crore shares.

The amount reserved for retail investors was subscribed 16.06 times, while the portion reserved for workers was subscribed 83 percent of the time.

Non-institutional investors bought 76 percent of their reserved piece, while qualified institutional investors bid 1.64 times their reserved amount.

Exxaro Tiles, a Gujarat-based vitrified tile manufacturer, had its initial public offering (IPO) subscribed 7.89 times on August 5, as investor demand remained robust on the second day of bidding.

According to subscription statistics accessible on markets, the offer attracted bids for 9.03 crore equity shares versus an IPO size of 1.14 crore shares.

The amount reserved for retail investors was subscribed 16.06 times, while the portion reserved for workers was subscribed 83 percent of the time.

Non-institutional investors bought 76 percent of their reserved piece, while qualified institutional investors bid 1.64 times their reserved amount.

 

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