August 4, 2021 - August 6, 2021

Exxaro Tiles IPO Review & Recommendations

Arihant Capital Markets Ltd, Canara Bank, Hem Securities and SMC Global have given "Apply" recommendation to Exxaro Tiles IPO. Arun Kejriwal, Capital Market and Dilip Davda have given "May Apply" recommendation to Exxaro Tiles IPO. AUM Capital Ltd, JM Financial Institutional Securities and Reliance Securities have "Neutral" view about the IPO.

Exxaro Tiles IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	4	3	3	0	0
%	40.00	30.00	30.00	0.00	0.00

Exxaro Tiles IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Arihant Capital Markets Ltd	Apply
Arun Kejriwal	May Apply
AUM Capital Ltd	Neutral
Canara Bank	Apply
Capital Market	May Apply
Dilip Davda	May Apply
Hem Securities	Apply
JM Financial Institutional Securities	Neutral
Reliance Securities	Neutral
SMC Global	Apply

Exxaro Tiles IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Exxaro Tiles IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Exxaro Tiles IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is in the highly competitive field having fragmented (big and small) players. Based on super earnings of FY21, the issue is at a P/E of 35+ and is fully priced. Being IPO under Rs. 250 cr. it will list in T2T with lower circuit limits and this may restrict speculative moves. Hence cash surplus/risk seekers may consider investing in this Ã¢â‚¬Å“high risk - low returnÃ¢â‚¬Â issue. Read detail review...

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