IPO

Earthstahl & Alloys Limited IPO

BSE SME

Listed On: Feb 8, 2023 at ₹ 55.0

₹ 240000 /6000 Shares
*Min Investment

Check Allotment

27 Jan, 2023

Open Date

31 Jan, 2023

Close Date

03 Feb, 2023

Allotment Date

08 Feb, 2023

Listing Date
Expected Premium
+ ₹13-19 (32.5%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Expected Premium
+ ₹13-19 (32.5%)
Earthstahl & Alloys Limited IPO Issue Details
  • Issue Price ₹38-40 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr)
  • Listing at BSE SME
  • List Price 55.0
  • Listing Date 2023-02-08
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Earthstahl & Alloys Limited IPO Details
  • Retail Portion N/A
Earthstahl & Alloys Limited IPO Documents
Earthstahl & Alloys Limited IPO Details


Earthstahl & Alloys Limited IPO is an SME IPO, priced at ₹38-40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from Jan 27, 2023 to Jan 31, 2023. The allotment is expected to be finalized on Feb 3, 2023, and the tentative listing date is Feb 8, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Earthstahl & Alloys Limited IPO Subscription Analysis And Details
Retail
191.77x
Total
235.18x
As onQIB / NIIRetailTotal
Shares Offered / Reserved918,000 / 1,077,0001,077,0003,072,000
Day 1 27-01-23 06:00 PM
2.58 / 5.46 x9.61 x6.05 x
Day 2 30-01-23 06:00 PM
4.26 / 16.32 x43.17 x22.13 x
Day 3 31-01-23 06:00 PM
39.83 / 445.09 x191.77 x235.18 x
Earthstahl & Alloys Limited Valuations
Earnings Per Share (EPS) ₹8.28/-
P/E Ratio N/A
RoNW 70.53%
Net Asset Value (NAV) - Post Issue ₹11.74/-
Earthstahl & Alloys Limited Company Financials
In Lakhs
In Lakh
30-Sep-2231-Mar-2231-Mar-2131-Mar-20
Assets4303.343592.612817.232990.73
Revenue4824.684907.542457.533181.58
Profit After Tax580.47745.48267.31-33.49
About Earthstahl & Alloys Limited Company

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.

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Earthstahl & Alloys Limited - Promoter(s)

Ravi Thakurdasji Laddha

Rajesh Somani

Prawin Somani

Padam Kumar Jain

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.53%

Earthstahl & Alloys Limited IPO - Issue Objectives
1

Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at our manufacturing facility at Village Duldula, Baloda Bazar (C.G.)

2

To meet Working Capital requirements

3

General Corporate Purpose

4

To meet issue expenses