Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Esprit Stones IPO is a book built issue of Rs 50.42 crores. The issue is entirely a fresh issue of 57.95 lakh shares.
Esprit Stones IPO opens for subscription on July 26, 2024 and closes on July 30, 2024. The allotment for the Esprit Stones IPO is expected to be finalized on Wednesday, July 31, 2024. Esprit Stones IPO will list on NSE SME with tentative listing date fixed as Friday, August 2, 2024.
Esprit Stones IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.
Choice Capital Advisors Pvt Ltd and Srujan Alpha Capital Advisors Llp are the book running lead managers of the Esprit Stones IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Esprit Stones IPO is Choice Equity Broking.
Refer to Esprit Stones IPO RHP for detailed information.
| IPO Date | July 26, 2024 to July 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,795,200 shares (aggregating up to ₹50.42 Cr) |
| Fresh Issue | 5,795,200 shares (aggregating up to ₹50.42 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,150,000 |
| Share holding post issue | 21,945,200 |
| Market Maker portion | 291,200 shares Choice Equity Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Esprit Stones IPO opens on July 26, 2024, and closes on July 30, 2024.
| IPO Open Date | Friday, July 26, 2024 |
| IPO Close Date | Tuesday, July 30, 2024 |
| Basis of Allotment | Wednesday, July 31, 2024 |
| Initiation of Refunds | Thursday, August 1, 2024 |
| Credit of Shares to Demat | Thursday, August 1, 2024 |
| Listing Date | Friday, August 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2024 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
| Lot Size Calculator | |||
The promoters of the Company are Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.
As of March 2024, the Manufacturing Facility I is equipped with three (3) pressing lines and two (2) polishing lines, with a production capacity of around 72 lakhs sq.ft. per annum. Additionally, we commissioned our Manufacturing Facility II to manufacture quartz grit and quartz powder, which is the primary raw material for the manufacture of engineered quartz.
The company manufactures unsaturated polyester resin, at the manufacturing facility three.
The company has been certified for ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications.
Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 27,459.35 | 23,802.24 | 18,069.74 |
| Revenue | 27,477.82 | 17,606.52 | 19,002.60 |
| Profit After Tax | 1,031.73 | 355.72 | 1,850.53 |
| Net Worth | 7,238.80 | 6,227.81 | 5,893.32 |
| Reserves and Surplus | 5,623.80 | 5,277.81 | 4,943.32 |
| Total Borrowing | 12,541.91 | 11,879.55 | 5,799.76 |
| Amount in ₹ Lakhs | |||
The market capitalization of Esprit Stones IPO is Rs 190.92 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 12.39% |
| Debt/Equity | 1.72 |
| RoNW | 15.09% |
| P/BV | 1.94 |
| PAT Margin (%) | 3.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.39 | 4.7 |
| P/E (x) | 13.62 | 18.51 |
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to the Issue ("Net Proceeds") are proposed to be utilised for the following objects:
Esprit Stones Limited
SP1, Udyog Vihar, Sukher
Industrial Area,
Udaipur- 313 004,
Phone: +91 91166 52582
Email: legal@espritstones.com
Website: https://espritstones.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jinesh@srujanalpha.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Esprit Stones IPO is a SME IPO of 5,795,200 equity shares of the face value of ₹10 aggregating up to ₹50.42 Crores. The issue is priced at ₹82 to ₹87 per share. The minimum order quantity is 1600 Shares.
The IPO opens on July 26, 2024, and closes on July 30, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Esprit Stones IPO using UPI as a payment gateway. Zerodha customers can apply in Esprit Stones IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Esprit Stones IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Esprit Stones IPO opens on July 26, 2024 and closes on July 30, 2024.
Esprit Stones IPO lot size is 1600 Shares, and the minimum amount required is ₹139,200.
You can apply in Esprit Stones 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 Esprit Stones IPO will be done on Wednesday, July 31, 2024, and the allotted shares will be credited to your demat account by Thursday, August 1, 2024. Check the Esprit Stones IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
