Support and Resistance Levels
Past performance
About Exxaro Tiles Ltd Exxaro Tiles Limited, originally established as Ricasil Ceramic Industries Private Limited in 2008, is a public company focused on manufacturing and marketing vitrified tiles for flooring solutions. It was initially formed as a partnership in 2007 and transformed into a private company in 2008, later becoming a public limited company in December 2020 following shareholder resolutions. The company rebranded from Ricasil Ceramic Industries Private Limited to Exxaro Tiles Private Limited in 2018.
Exxaro Tiles raised capital through various means, including a rights issue in 2018 and secured borrowings in 2019 for business expansion. In August 2021, Exxaro Tiles launched an Initial Public Offering (IPO), raising Rs 161.09 crore by offering 13,424,000 equity shares and listing on the BSE and NSE. The funds were intended for debt repayment, working capital needs, and other corporate purposes. The company's strategic financial moves and public listing aim to support its growth and operational objectives in the tile manufacturing sector.