Exxaro Tiles made a good start in the stock market on Monday. The stock of Exaro Tiles opened at Rs 126 on the Bombay Stock Exchange (BSE) on the day of listing. The stock got listed on the National Stock Exchange (NSE) at Rs 126.
The public issue received an overwhelming response from investors as the issue was subscribed nearly 22.65 times against its allotted shares till the close of subscription. Retail investors were the biggest subscriber to the issue with a steep fall of 40.05 per cent against their allotted shares. QIB subscribed a total of 17.67 times to the issue, while NII subscribed it 5.36 times. There were also employee subscriptions that reached 2.53 times.
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