New Delhi, Aug 16 (PTI) Shares of Exxaro Tiles on Monday made its stock market debut, listing at a premium of 5 per cent against its issue price of Rs 120.

The stock made its debut at Rs 126, a marginal gain of 5 per cent from the issue price on both BSE and NSE.

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As the trade progressed, it jumped 10.25 per cent to Rs 132.30 on both the exchanges.

Exxaro Tiles' initial public offering received 22.68 times subscription earlier this month.

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The Rs 161.08-crore initial public offer (IPO) had a price range of Rs 118-120 per share.

Pantomath Capital Advisors was the book running lead manager to the offer.

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