IPO update: Exxaro Tiles

Exxaro Tiles came out with its IPO four months ago. You can find Value Research's IPO analysis here. This article will focus on the post-listing performance of the company in the market and financially. Our analysis of the IPO Exxaro Tiles is engaged in the business of manufacturing and marketing vitrified tiles which are predominantly used for flooring solutions. Initially, they started out as manufacturers of frit, a raw material used in the manufacturing of tiles, but diversified as years passed. At present, their operations are divided into two categories; double charged vitrified tiles and glazed vitrified tiles. They supply their products to various projects including residential, commercial, educational institutions, hotels, hospitals, and more. Based on the company's production capacity and distribution network, we gave it a score of 14 out of 27. We had two ma