Esprit Stones Limited IPO

NSE SME

Listed On: Aug 2, 2024 at ₹ 93.15

Exp. Premium: 29-30 (33.33%)

₹ 139200 /1600 Shares

*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.

Esprit Stones Limited IPO Details

26 Jul, 2024

Open Date

30 Jul, 2024

Close Date

31 Jul, 2024

Allotment Date

02 Aug, 2024

Listing Date

Issue Price

₹82-87 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

93.15

Listing Date

2024-08-02

Market Lot

1600 Shares (₹139,200/-)

Lead Manager

Choice Capital Advisors Pvt Ltd
Srujan Alpha Capital Advisors Llp

Issue Size

5,795,200 shares(aggregating up to ₹50.42 Cr)

Retail Portion

35%

Subscription

185.82 times

IPO Docs

DRHP RHP

The IPO of Esprit Stones Limited is priced at ₹82-87 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Link Intime India Private Ltd is the registrar of the issue.

Esprit Stones Limited IPO bid opening date is from Jul 26, 2024 and the bid closing date was Jul 30, 2024.
Esprit Stones Limited IPO allotment result will be available on Jul 31, 2024. The tentative listing date for Esprit Stones Limited is Aug 2, 2024.

The total issue size is 5,795,200 shares(aggregating up to ₹50.42 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,075,200 / 806,400	1,881,600	3,891,200
Day 1 - 26-07-24 06:00 PM	0.00 / 1.45 x	3.64 x	2.07 x
Day 2 - 29-07-24 06:00 PM	3.50 / 15.60 x	27.44 x	17.49 x
Day 3 - 30-07-24 06:00 PM	117.63 / 399.94 x	145.75 x	185.82 x

Total No. of Applications: 1,71,404 (Approx)

Esprit Stones Limited Valuations

EPS Pre IPO

₹6.39/-

EPS Post IPO

₹4.7/-

P/E Pre IPO

13.62

P/E Post IPO

18.51

ROCE

12.39%

Debt/Equity

1.72

RoNW

15.09%

PAT Margin

3.78

Price to Book Value

1.94

Esprit Stones Limited Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
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 & Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76

About The Company

Esprit Stones Limited was founded in 2016 and manufactures engineered quartz and marble surfaces.

As of March 2024, 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. We also 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 produces unsaturated polyester resin at manufacturing facility three.

The company is certified to ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications.

The Company has employee strength of 295 as on May 31, 2024.

Esprit Stones Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath

Esprit Stones Limited IPO - Issue Objectives

Funding Working Capital requirement of the Company
Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
General Corporate Purpose

Other Details

Company Contact Details

Esprit Stones Limited

SP1, Udyog Vihar, Sukher, ndustrial Area, Udaipur- 313 004

Phone: +91 91166 52582

Email: legal@espritstones.com

Website: https://espritstones.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: https://linkintime.co.in/initial_offer/public-issues.html

Website: https://linkintime.co.in/initial_offer/public-issues.html

Esprit Stones Limited IPO - FAQs

Ans. Esprit Stones Limited IPO is a SME IPO. The issue is priced at ₹82-87 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jul 26, 2024, and closes on Jul 30, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Esprit Stones Limited IPO opens on Jul 26, 2024 and closes on Jul 30, 2024.

Ans. The size of Esprit Stones Limited IPO is 5,795,200 shares(aggregating up to ₹50.42 Cr).

Ans. The IPO price band is set between ₹82-87 per equity share.

Ans. To apply for Esprit Stones Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Esprit Stones Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Esprit Stones Limited IPO is Jul 31, 2024.

Ans. The Esprit Stones Limited IPO will be listed on Aug 2, 2024.

Ans. Follow the steps to check the allotment status for Esprit Stones Limited IPO here.