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Earthstahl & Alloys IPO is a book built issue of Rs 12.96 crores. The issue is entirely a fresh issue of 32.4 lakh shares.
Earthstahl & Alloys IPO bidding started from January 27, 2023 and ended on January 31, 2023. The allotment for Earthstahl & Alloys IPO was finalized on Friday, February 3, 2023. The shares got listed on BSE SME on February 8, 2023.
Earthstahl & Alloys IPO price band is set at ₹38 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Hem Securities Limited is the book running lead manager of the Earthstahl & Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Earthstahl & Alloys IPO is Hem Securities.
Refer to Earthstahl & Alloys IPO RHP for detailed information.
IPO Date | January 27, 2023 to January 31, 2023 |
Listing Date | February 8, 2023 |
Face Value | ₹10 per share |
Price Band | ₹38 to ₹40 per share |
Lot Size | 3000 Shares |
Total Issue Size | 3,240,000 shares (aggregating up to ₹12.96 Cr) |
Fresh Issue | 3,240,000 shares (aggregating up to ₹12.96 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 9,000,000 |
Share holding post issue | 12,240,000 |
Market Maker portion | 168,000 shares Hem Securities |
Earthstahl & Alloys IPO offers 3,240,000 shares. 918,000 (28.33%) to QIB, 1,077,000 (33.24%) to NII, 1,077,000 (33.24%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 168,000 (5.19%) |
QIB Shares Offered | 918,000 (28.33%) |
NII (HNI) Shares Offered | 1,077,000 (33.24%) |
Retail Shares Offered | 1,077,000 (33.24%) |
Total Shares Offered | 3,240,000 (100%) |
Earthstahl & Alloys IPO opens on January 27, 2023, and closes on January 31, 2023.
IPO Open Date | Friday, January 27, 2023 |
IPO Close Date | Tuesday, January 31, 2023 |
Basis of Allotment | Friday, February 3, 2023 |
Initiation of Refunds | Monday, February 6, 2023 |
Credit of Shares to Demat | Tuesday, February 7, 2023 |
Listing Date | Wednesday, February 8, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2023 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹120,000 |
Retail (Max) | 1 | 3000 | ₹120,000 |
HNI (Min) | 2 | 6,000 | ₹240,000 |
Lot Size Calculator |
Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.
Share Holding Pre Issue | 100.00% |
Share Holding Post Issue | 73.53% |
Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products.
The other primary product of the company, i.e., Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes.
The manufacturing unit of Earthstahl & Alloys Limited is located in the village of Duldula nearby Raipur, Chhattisgarh, and is spread across an area of around 4.73 hectares of land.
Alongside the efficient manufacturing and delivery of Cast iron Lumps and Ductile iron pipe fittings, the entity is also expanding its horizon by producing parts or components of plant and machinery with the help of foam molds. These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-20 | 2,990.73 | 3,181.58 | -33.49 | 44.24 | 200.22 | 1,733.71 |
31-Mar-21 | 2,817.23 | 2,457.53 | 267.31 | 311.55 | 467.53 | 1,396.82 |
31-Mar-22 | 3,592.61 | 4,907.54 | 745.48 | 1,057.03 | 1,213.01 | 1,399.97 |
30-Sep-22 | 4,303.34 | 4,824.68 | 580.47 | 1,637.50 | 1,793.48 | 1,092.93 |
Amount in ₹ Lakhs |
The market capitalization of Earthstahl & Alloys IPO is Rs 48.96 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 4.22 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] Based on FY23 annualized earnings, the issue is lucratively priced. Super earnings shown by the company for the past 18 months and its sustainability is a major concern. Well-informed cash surplus investors may park funds for medium to long-term rewards. Read detail review...
The Earthstahl & Alloys IPO is subscribed 235.18 times on January 31, 2023 6:58:00 PM. The public issue subscribed 191.77 times in the retail category, 39.83 times in the QIB category, and 445.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 39.83 |
NII | 445.09 |
Retail | 191.77 |
Total | 235.18 |
Listing Date | February 8, 2023 |
BSE Script Code | 543765 |
NSE Symbol | |
ISIN | INE0O4V01010 |
Final Issue Price | ₹40 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹40.00 |
₹55.00 |
₹52.50 |
₹57.75 |
₹57.75 |
Earthstahl & Alloys Limited
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate,
Raipur- 492001
Phone: +91-8120009626
Email: secretarial@earthstahl.com
Website: http://www.earthstahl.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Earthstahl & Alloys IPO is a SME IPO of 3,240,000 equity shares of the face value of ₹10 aggregating up to ₹12.96 Crores. The issue is priced at ₹38 to ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on January 27, 2023, and closes on January 31, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Earthstahl & Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Earthstahl & Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Earthstahl & Alloys IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Earthstahl & Alloys IPO opens on January 27, 2023 and closes on January 31, 2023.
Earthstahl & Alloys IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Earthstahl & Alloys IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Earthstahl & Alloys IPO will be done on Friday, February 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 7, 2023. Check the Earthstahl & Alloys IPO allotment status.
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