Earthstahl & Alloys Limited IPO
Earthstahl & Alloys Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹38–₹40 per share. The stock debuted at ₹55, delivering a listing gain of 37.5%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
Earthstahl & Alloys Limited IPO
- IPO Dates
- Jan 27, 2023 – Jan 31, 2023
- Price band
- ₹38-40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- 3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr)
- Lot size
- 3000
- Allotment Date
- Feb 3, 2023
- Listing
- Feb 8, 2023
- Listing At
- BSE SME
IPO timeline
-
Jan 27, 2023
Open Date
Completed
-
Jan 31, 2023
Close Date
Completed
-
Feb 3, 2023
Allotment Date
Completed
-
Feb 8, 2023
Listing Date
Completed
Earthstahl & Alloys Limited IPO Essentials
Earthstahl & Alloys Limited IPO Details
Earthstahl & Alloys Limited IPO is priced at ₹38-40 per share with a total issue size of 3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr). The IPO has a lot size of 3000 shares and is listed on BSE SME.
- Issue price
- ₹38-40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr)
- Listing at
- BSE SME
- List price
- 55.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Hem Securities Limited
Earthstahl & Alloys Limited IPO Analytics
Earthstahl & Alloys Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Earthstahl & Alloys Limited IPO Subscription Status
Earthstahl & Alloys Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 918,000 / 1,077,000 | 1,077,000 | 3,072,000 |
|
Day 1
27-01-23 06:00 PM
|
(2.58 / 5.46) x | 9.61 x | 6.05 x |
|
Day 2
30-01-23 06:00 PM
|
(4.26 / 16.32) x | 43.17 x | 22.13 x |
|
Day 3
31-01-23 06:00 PM
|
(39.83 / 445.09) x | 191.77 x | 235.18 x |
Earthstahl & Alloys Limited Valuations
Earnings
- EPS (Post IPO)
- ₹8.28/-
Returns
- RoNW
- 70.53%
Earthstahl & Alloys Limited Financials( In Lakhs)
| 30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 4303.34 | 3592.61 | 2817.23 | 2990.73 |
| Revenue | 4824.68 | 4907.54 | 2457.53 | 3181.58 |
| Profit After Tax | 580.47 | 745.48 | 267.31 | -33.49 |
Earthstahl & Alloys Limited Company & Offer Insights
About Earthstahl & Alloys Limited
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.
Earthstahl & Alloys Limited Promoter(s)
Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani, Padam Kumar Jain are the company's promoters of Earthstahl & Alloys Limited.
Earthstahl & Alloys Limited IPO Issue Objectives
- •
- 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.)
- •
- To meet Working Capital requirements
- •
- General Corporate Purpose
- •
- To meet issue expenses
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Earthstahl & Alloys Limited IPO is a book-built IPO worth ₹3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr). The price band is ₹38–₹40 per share. The IPO opens on Jan 27, 2023 and closes on Jan 31, 2023. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Earthstahl & Alloys Limited IPO is ₹38 to ₹40 per share.
The lot size of Earthstahl & Alloys Limited IPO is 3000 shares.
The minimum investment for Earthstahl & Alloys Limited IPO is approximately ₹1,20,000 based on the upper price band .
Earthstahl & Alloys Limited IPO opens on Jan 27, 2023 and closes on Jan 31, 2023.
The allotment date of Earthstahl & Alloys Limited IPO is Feb 3, 2023.
Earthstahl & Alloys Limited IPO is expected to be listed on Feb 8, 2023, on BSE SME Platform.
Earthstahl & Alloys Limited IPO valuation snapshot: P/E N/A, EPS ₹8.28/-, P/B N/A, RoNW 70.53%, and market cap N/A.
To apply for Earthstahl & Alloys Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Earthstahl & Alloys Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Earthstahl & Alloys Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Earthstahl & Alloys Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Earthstahl & Alloys Limited IPO allotment status on IPO Ji for quick and easy access.