INSUBCONTINENT EXCLUSIVE:
Exxaro Tiles IPO was subscribed 10.40 times on second day of issueExxaro Tiles share sale via initial public offering (IPO) was subscribed
10.40 times on the second day of its issue, according to subscription data on the stock exchanges
Exxaro Tiles IPO opened for investors on August 4 and will close tomorrow, August 6, remaining open for bidding for a period of three days
The minimum bid lot is 125 equity shares and at multiples of 125 equity shares thereafter
This is lower compared to its listed peers Kajaria Ceramics (53 times), and Somany Ceramics (57 times)
SEBI-registered investment advisor INDmoney said in a report.
