Exxaro Tiles Limited which had tapped the capital markets with its fresh issue for 1,11,86,000 shares and an offer for sale of 22,38,000 in a price band of Rs 118-120, was subscribed 22.68 times.

Earlier the company had completed allocation to anchor investors. The issue which had opened on Wednesday the 4th of August and closed on Friday the 6th of August, saw the company allotting 19,73,325 shares at Rs 120 per share.

The company allotted the shares to two anchors comprising of three entities. The highest allocation was given to Quant Mutual Fund, who was allotted 15,56,500 shares or 68.88% of the anchor allotment equally in two schemes. The second mutual fund who was allotted shares was AG Dynamic Funds who was allotted 4,16,825 shares or 21.12% of the anchor book.

The QIB portion was subscribed 17.67 times, HNI portion was subscribed 5.36 times while Retail portion was subscribed 40.10 times. Employee portion was subscribed 2.53 times. There were 21.10 lac applications and on basis of applications, the retail issue was subscribed 34.58 times.

Full details of the subscription are given below: –