Esprit Stones Limited IPO
Esprit Stones Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹82–₹87 per share. The stock debuted at ₹93.15, delivering a listing gain of 7.1%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,39,200.
Esprit Stones Limited IPO
- IPO Dates
- Jul 26, 2024 – Jul 30, 2024
- Price band
- ₹82-87 per equity share
- Minimum Investment
- ₹1,39,200
- Issue size
- ₹50.42 Cr
- Lot size
- 1600
- Allotment Date
- Jul 31, 2024
- Listing
- Aug 2, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 26, 2024
Open Date
Completed
-
Jul 30, 2024
Close Date
Completed
-
Jul 31, 2024
Allotment Date
Completed
-
Aug 2, 2024
Listing Date
Completed
Esprit Stones Limited IPO Essentials
Esprit Stones Limited IPO Details
Esprit Stones Limited IPO is priced at ₹82-87 per share with a total issue size of 50.42 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹82-87 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,795,200 shares(aggregating up to ₹50.42 Cr)
- Total issue size
- 57,95,200 shares
(aggregating up to ₹50.42 crore) - Fresh issue
- 57,95,200 shares
(aggregating up to ₹50.42 crore) - Listing at
- NSE SME
- List price
- 93.15
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Choice Capital Advisors Pvt Ltd, Srujan Alpha Capital Advisors Llp
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following 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 | ₹1,39,200 |
| Retail(max) | 1 | 1600 | ₹1,39,200 |
| NII (min) | 2 | 3,200 | ₹2,78,400 |
Esprit Stones Limited IPO Reservation
Esprit Stones Limited IPO reservation details show category-wise allocation of shares. Out of the total 5,795,200 shares, approximately 18.55% are reserved for QIB, 13.91% for NII, 32.47% for retail investors, 5.02% for market maker, and 27.83% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,612,800 (27.83%) | |
| Market Maker Shares Offered | 291,200 (5.02%) | |
| QIB Shares Offered | 1,075,200 (18.55%) | |
| NII (HNI) Shares Offered | 806,400 (13.91%) | |
| Retail Shares Offered | 1,881,600 (32.47%) | |
| Total Shares Offered | 5,795,200 (100%) |
Esprit Stones Limited IPO Analytics
Esprit Stones Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Esprit Stones Limited IPO Subscription Status
Esprit Stones 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 | 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 |
Esprit Stones Limited Valuations
Earnings
- EPS Pre IPO
- ₹6.39/-
- EPS Post IPO
- ₹4.7/-
- P/E Pre IPO
- 13.62
- P/E Post IPO
- 18.51
Returns
- ROCE
- 12.39%
- RoNW
- 15.09%
- PAT Margin
- 3.78
Fundamentals
- Debt / Equity
- 1.72
- Price / Book
- 1.94
Esprit Stones Limited Financials( In Lakhs)
| 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 |
Esprit Stones Limited Company & Offer Insights
About Esprit Stones Limited
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)
Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath are the company's promoters of Esprit Stones Limited.
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
Esprit Stones Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Esprit Stones Limited | 6.29 | 6.29 | 44.82 | 13.62 | 15.09 | 1.94 | Standalone |
| Pokarna Ltd. | 28.18 | 28.18 | 191.05 | 25.33 | 15.89 | N/A | Consolidated |
| Pacific Industries Ltd | 17.23 | 17.23 | 629.16 | 16.43 | 2.78 | N/A | Consolidated |
| Global Surfaces Limited | 4.41 | 4.41 | 77.98 | 51.34 | 6.68 | N/A | Consolidated |
| Elegant Marbles & Grani Industries Ltd. | 11.42 | 11.42 | 436.83 | 23.69 | 3.44 | N/A | Consolidated |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on NSE (other than for those companies which are listed only on BSE) on July 12, 2024, divided by the Diluted EPS.
- Return on net worth is calculated as Net profit after tax, as restated, attributable to the owners of the Company for the year/period divided by Average Net worth. Average net worth means the aggregate value of the paid-up share capital and reserves and surplus of the current and previous financial year/period.
- NAV is computed as the net worth at the end of the year attributable to the parent's owners divided by the weighted average number of equity shares outstanding at the end of the year. For calculating NAV of peers, the number of shares outstanding as of March 31, 2024, has been taken instead of the weighted average number of shares due to the unavailability of the weighted average number of shares.
Contact Information
Contact Details
Esprit Stones Limited
+91 91166 52582
SP1, Udyog Vihar, Sukher, ndustrial Area, Udaipur- 313 004
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Esprit Stones Limited IPO is a book-built IPO worth ₹50.42 crore. The price band is ₹82–₹87 per share. The IPO opens on Jul 26, 2024 and closes on Jul 30, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Esprit Stones Limited IPO is ₹82 to ₹87 per share.
The lot size of Esprit Stones Limited IPO is 1600 shares.
The minimum investment for Esprit Stones Limited IPO is approximately ₹1,39,200 based on the upper price band .
Esprit Stones Limited IPO opens on Jul 26, 2024 and closes on Jul 30, 2024.
The allotment date of Esprit Stones Limited IPO is Jul 31, 2024.
Esprit Stones Limited IPO is expected to be listed on Aug 2, 2024, on NSE SME Platform.
Esprit Stones Limited IPO valuation snapshot: P/E 18.51, EPS ₹4.7/-, P/B 1.94, RoNW 15.09%, and market cap N/A.
To apply for Esprit Stones 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 Esprit Stones 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 Esprit Stones Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Esprit Stones Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Esprit Stones Limited IPO allotment status on IPO Ji for quick and easy access.