{"id":3660,"date":"2021-08-03T14:08:14","date_gmt":"2021-08-03T08:38:14","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=3660"},"modified":"2021-08-05T18:54:26","modified_gmt":"2021-08-05T13:24:26","slug":"exxaro-tiles-ipo","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/","title":{"rendered":"Exxaro Tiles IPO: Can the Company Sustain Intense Competition?"},"content":{"rendered":"\n<p>The D-street is bustling with <a href=\"https:\/\/blog.tickertape.in\/all-you-need-to-know-about-ipos\/?utm_source=blog&amp;utm_medium=article\" rel=\"nofollow noopener\" target=\"_blank\">IPOs<\/a> and as many as four are opening for subscription on 4<sup>th<\/sup> August. In this article, let\u2019s discuss the <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a> of Exxaro Tiles, a tilemaker known to have a widespread presence, offer an innovative range of tiles that redefine beauty and style, and putting in commendable efforts on the R&amp;D front. Stay with us to read vital information that can help you evaluate the Exxaro Tiles IPO.<\/p>\n\n\n\n<p><strong>This article covers:<\/strong><\/p>\n\n\n\n<ul><li><a href=\"#About\">About Exxaro Tiles<\/a><\/li><li><a href=\"#Manufacturing\">Manufacturing and other facilities<\/a><\/li><li><a href=\"#Product\">Product categories of Exxaro Tiles<\/a><\/li><li><a href=\"#Clients\">Clients of the Exxaro Tiles<\/a><\/li><li><a href=\"#Promoters\">Promoters of company<\/a><\/li><li><a href=\"#IPO\">Exxaro Tiles IPO details<\/a><\/li><li><a href=\"#Valuation\">Valuation of Exxaro Tiles IPO<\/a><\/li><li><a href=\"#Changes\">Changes in the promoter holding<\/a><\/li><li><a href=\"#Utilisation\">Utilisation of the Exxaro Tiles IPO proceeds<\/a><\/li><li><a href=\"#Financials\">Financials of Exxaro Tiles<\/a><\/li><li><a href=\"#Strengths\">Strengths of Exxaro Tiles<\/a><\/li><li><a href=\"#Strategies\">Strategies of Exxaro Tiles<\/a><\/li><li><a href=\"#Risks\">Risks of Exxaro Tiles<\/a><\/li><\/ul>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#About-Exxaro-Tiles\" title=\"About Exxaro Tiles\">About Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Manufacturing-and-other-facilities\" title=\"Manufacturing and other facilities\">Manufacturing and other facilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Product-categories-of-Exxaro-Tiles\" title=\"Product categories of Exxaro Tiles\">Product categories of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Clients-of-Exxaro-Tiles\" title=\"Clients of Exxaro Tiles\">Clients of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Promoters-of-Exxaro-Tiles\" title=\"Promoters of Exxaro Tiles\">Promoters of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Exxaro-Tiles-IPO-details\" title=\"Exxaro Tiles IPO details\">Exxaro Tiles IPO details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Book-running-and-lead-manager-of-the-issue\" title=\"Book running and lead manager of the issue\">Book running and lead manager of the issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Category-wise-reservation-of-the-IPO\" title=\"Category-wise reservation of the IPO\">Category-wise reservation of the IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Valuation-of-Exxaro-Tiles-IPO\" title=\"Valuation of Exxaro Tiles IPO\">Valuation of Exxaro Tiles IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Changes-in-the-promoter-holding\" title=\"Changes in the promoter holding\">Changes in the promoter holding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Utilisation-of-the-Exxaro-Tiles-IPO-proceeds\" title=\"Utilisation of the Exxaro Tiles IPO proceeds\">Utilisation of the Exxaro Tiles IPO proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Financials-of-Exxaro-Tiles\" title=\"Financials of Exxaro Tiles\">Financials of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Strengths-of-Exxaro-Tiles\" title=\"Strengths of Exxaro Tiles\">Strengths of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Strategies-of-Exxaro-Tiles\" title=\"Strategies of Exxaro Tiles\">Strategies of Exxaro Tiles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.tickertape.in\/blog\/exxaro-tiles-ipo\/#Risks-of-Exxaro-Tiles\" title=\"Risks of Exxaro Tiles\">Risks of Exxaro Tiles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"About\"><span class=\"ez-toc-section\" id=\"About-Exxaro-Tiles\"><\/span><strong>About Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Incorporated in 2008, Gujarat-based Exxaro Tiles started out as a partnership firm that manufactured frit, a raw material used in making tiles. After years of diversifying and expanding, the company has evolved to manufacture and market vitrified tiles, which are majorly used for flooring solutions.<\/p>\n\n\n\n<p>The company\u2019s product portfolio consists of over 1,000 designs of tiles that are available in six sizes. Of these Topaz Series, High Gloss Series, and<strong> <\/strong>Galaxy Series are some of the well-established ones. Apart from manufacturing, Exxaro Tiles also gets wall tiles outsourced to supply them to their clients.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Manufacturing\"><span class=\"ez-toc-section\" id=\"Manufacturing-and-other-facilities\"><\/span><strong>Manufacturing and other facilities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Exxaro Tiles has two state-of-the-art manufacturing facilities in Padra and Talod, Gujarat with a combined installed production capacity of 1,32,00,000 sq. mt. per annum. Their glazed vitrified tiles manufacturing plant is one of the largest in the country. Exxaro also has six display centres in six cities and two marketing offices located in Morbi and Delhi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Product\"><span class=\"ez-toc-section\" id=\"Product-categories-of-Exxaro-Tiles\"><\/span><strong>Product categories of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Exxaro\u2019s products are broadly divided into two categories:<\/p>\n\n\n\n<ul><li>Double charge vitrified tiles: these are long-wearing tiles that find application in heavy traffic commercial projects<\/li><li>Glazed vitrified tiles: these are flat slabs manufactured using ceramic materials such as clay, feldspar, and quartz and are used in residences, corporate offices, and hotels due to their aesthetic appeal and high durability<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Clients\"><span class=\"ez-toc-section\" id=\"Clients-of-Exxaro-Tiles\"><\/span><strong>Clients of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As of Mar 2021, Exxaro had a large dealer network of over 2,000 registered dealers and a PAN India presence in 24 states and union territories. The company supplies their products to large infrastructure projects including residential, commercial, educational, hospitals, hotels, builders or developers, government, and religious institutions.<\/p>\n\n\n\n<p>Exxaro Tiles also has a strong international presence, exporting to 12 countries including Poland, Bosnia, and the USA. For FY 2021, their revenue from exports contributed 13.88% to the total revenue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Promoters\"><span class=\"ez-toc-section\" id=\"Promoters-of-Exxaro-Tiles\"><\/span><strong>Promoters of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Mr. Mukeshkumar Patel<\/li><li>Mr. Kirankumar Patel<\/li><li>Mr. Dineshbhai Patel<\/li><li>Mr. Rameshbhai Patel<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"IPO\"><span class=\"ez-toc-section\" id=\"Exxaro-Tiles-IPO-details\"><\/span><strong>Exxaro Tiles IPO details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The Rs 161.09 cr-worth IPO is slated to open on 4<sup>th<\/sup> Aug and close on 6<sup>th<\/sup> Aug<\/li><li>While the face value of each <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> share is Rs 10, the IPO price band is set at Rs 118 to Rs 120 apiece<\/li><li>The minimum bid lot is 125 shares and the maximum lots permitted for applying is up to 13 lots<\/li><li>The company is looking to list on both BSE and <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a>. The likely date of the issue is 17<sup>th<\/sup> Aug 2021<\/li><li>Of the IPO, up to Rs 134.23 cr will be a fresh issue and up to Rs 26.86 cr will be <a href=\"https:\/\/www.tickertape.in\/blog\/offer-for-sale\/\">offer for sale<\/a> (OFS)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Book-running-and-lead-manager-of-the-issue\"><\/span><strong>Book running and lead manager of the issue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Pantomath Capital Advisors is the book running lead manager to the issue and Link Intime India Private Limited is the registrar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Category-wise-reservation-of-the-IPO\"><\/span><strong>Category-wise reservation of the IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Up to 25% for qualified institutional buyers<\/li><li>35% for non-institutional buyers and<\/li><li>Up to 40% for retail investors<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Valuation\"><span class=\"ez-toc-section\" id=\"Valuation-of-Exxaro-Tiles-IPO\"><\/span><strong>Valuation of Exxaro Tiles IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Based on FY 2021, the IPO is priced at a PE multiple of 26.43. On the other hand, their peers <a rel=\"noreferrer noopener\" aria-label=\"Kajaria Ceramics Ltd (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/kajaria-ceramics-KAJR?utm_source=blog&amp;utm_medium=article\" target=\"_blank\">Kajaria Ceramics Ltd<\/a> commands a PE of 59.96, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/asian-granito-india-ASGI?utm_source=blog&amp;utm_medium=article\" target=\"_blank\">Asian Granito India Ltd<\/a> of 13.58, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/somany-ceramics-SOCE?utm_source=blog&amp;utm_medium=article\" target=\"_blank\">Somany Ceramics<\/a> of 124.65, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/orient-bell-ORBL?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\">Orient Bell Ltd<\/a> of 44.46, and <a rel=\"noreferrer noopener\" aria-label=\"Murudeshwar Ceramics Ltd (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/murudeshwar-ceramics-MURD?utm_source=blog&amp;utm_medium=article\" target=\"_blank\">Murudeshwar Ceramics Ltd<\/a> of 88.<\/p>\n\n\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2Fexxaro-tiles-ipo%2F&#038;text=At%20the%20upper%20end%20of%20the%20price%20band%2C%20Exxaro%20Tiles%20commands%20a%20valuation%20of%20Rs%20537%20cr.&#038;via=TickertapeIN&#038;related=TickertapeIN\" target=\"_blank\" rel=\"noopener noreferrer\">At the upper end of the price band, Exxaro Tiles commands a valuation of Rs 537 cr. <\/a><\/span><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2Fexxaro-tiles-ipo%2F&#038;text=At%20the%20upper%20end%20of%20the%20price%20band%2C%20Exxaro%20Tiles%20commands%20a%20valuation%20of%20Rs%20537%20cr.&#038;via=TickertapeIN&#038;related=TickertapeIN\" target=\"_blank\" class=\"bctt-ctt-btn\" rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span>\n\n\n<h2 class=\"wp-block-heading\" id=\"Changes\"><span class=\"ez-toc-section\" id=\"Changes-in-the-promoter-holding\"><\/span><strong>Changes in the promoter holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<iframe loading=\"lazy\" width=\"600\" height=\"400\" src=\"https:\/\/live.amcharts.com\/RkN2R\/embed\/\" frameborder=\"0\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Utilisation\"><span class=\"ez-toc-section\" id=\"Utilisation-of-the-Exxaro-Tiles-IPO-proceeds\"><\/span><strong>Utilisation of the Exxaro Tiles IPO proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Exxaro Tiles wants to utilise the funds raised via the IPO to:<\/p>\n\n\n\n<ul><li>Repay or prepay secured borrowings<\/li><li>To meet working capital requirements<\/li><li>For general corporate purposes<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Financials\"><span class=\"ez-toc-section\" id=\"Financials-of-Exxaro-Tiles\"><\/span><strong>Financials of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>In FY 2021, the company reported revenue of Rs 259.85 cr compared to Rs 244 crore in FY 2019<\/li><li>The profit grew from Rs 8.9 cr in FY 2019 to Rs 15.22 cr in FY 2021[MOU5]&nbsp;<\/li><li>In FY 2020, Exxaro Tiles\u2019 <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-ebitda\/\">EBITDA<\/a> <a href=\"https:\/\/www.tickertape.in\/blog\/margin-requirements\/\">margin<\/a> was 18.3% and PAT margin was 5%, in line with peers<\/li><\/ul>\n\n\n\n<p>Following is the table of restated consolidated financials for three years.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO-table-1024x468.png\" alt=\"\" class=\"wp-image-3663\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO-table-1024x468.png 1024w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO-table-300x137.png 300w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO-table-768x351.png 768w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO-table.png 1089w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Strengths\"><span class=\"ez-toc-section\" id=\"Strengths-of-Exxaro-Tiles\"><\/span><strong>Strengths of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The company has a large dealer network with more than 2,000 registered dealers<\/li><li>Exxaro strives to meet stringent quality and technical specifications<\/li><li>They introduce innovative designs to meet the evolving preferences of customers<\/li><li>Exxaro has state-of-the-art manufacturing facilities and upgrades in-house processes to enhance efficiencies<\/li><li>The company puts significant efforts towards R&amp;D<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Strategies\"><span class=\"ez-toc-section\" id=\"Strategies-of-Exxaro-Tiles\"><\/span><strong>Strategies of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The company is looking to improve operating efficiencies through technology enhancements and expand their dealer network in existing and new markets. They are also looking to increase domestic sales and exports by enhancing their manufacturing capacities and procuring materials on an outsourced basis.&nbsp;Moreover, Exxaro is also looking to set up their own gas station.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Risks\"><span class=\"ez-toc-section\" id=\"Risks-of-Exxaro-Tiles\"><\/span><strong>Risks of Exxaro Tiles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Any changes in the cost and supply of raw materials will harm the company\u2019s revenue<\/li><li>Exxaro\u2019s manufacturing activities are vital for their operations. Situations that require their manufacturing facilities to shut down can hurt the business\u00b7&nbsp;  Exxaro needs consistent working capital for sustained growth. If the company faces issues on this front, the business would be severely impacted<\/li><\/ul>\n\n\n\n<p>Like with any other\u00a0initial public offer, you should do your own homework before subscribing to the Exxaro Tiles IPO. Once you decide to subscribe, ensure that <a href=\"https:\/\/blog.tickertape.in\/ipo-process\/?utm_source=blog&amp;utm_medium=article\" rel=\"nofollow noopener\" target=\"_blank\">you know how to about subscribing to an IPO<\/a> so you have a seamless experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although known for their innovative range of tiles, Exxaro Tiles is a relatively small company that faces intense competition. Read more about Exxaro Tiles IPO to make an informed investment<\/p>\n","protected":false},"author":27,"featured_media":3665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1727],"tags":[474,208],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/08\/Exxaro-IPO.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/3660"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=3660"}],"version-history":[{"count":8,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/3660\/revisions"}],"predecessor-version":[{"id":3781,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/3660\/revisions\/3781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/3665"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=3660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=3660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=3660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}