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Exxaro Tiles’ initial public offer was subscribed 10.29 times on Thursday, the second day of subscription. The Rs 161.08 crore-initial public offer (IPO) received bids for 11,78,80,500 shares against 1,14,50,675 shares on offer, according to an update on the NSE.
Retail investors category has been subscribed 21.10 times. The portions reserved for Qualified Institutional Buyers (QIBs) and non-institutional investors have been subscribed 1.65 times and 93%, respectively.
The IPO was fully subscribed within hours of opening on Wednesday. The offer comprises 1,34,24,000 equity shares. This includes a fresh issue of up to 1,11,86,000 equity shares and an offer for sale of up to 22,38,000 equity shares. Price range for the offer is Rs 118-120 per share.