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Exxaro Tiles makes tepid debut; lists at 5% premium over issue price

Exxaro Tiles is engaged in manufacturing and marketing vitrified tiles that are used mainly for flooring solutions

Ceramic tiles
premium

SI Reporter Mumbai
Exxaro Tiles has made a quiet debut on the bourses with the shares of the company listing at Rs 126, a 5 per cent premium against issue price of Rs 120 per share on the BSE and the National Stock Exchange (NSE). Post listing, the stock of construction materials company moved higher to Rs 132.30, a 10 per cent gain as against issue price on both the exchanges.

At 10:56 am; the stock was trading at Rs 128 on the BSE. A combined 3.2 million equity shares changed hands on the counter on the NSE and BSE.

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