Esprit Stones Limited IPO
NSE SMEListed On: Aug 2, 2024 at ₹ 93.15
₹ 278400 /3200 Shares
*Min Investment
26 Jul, 2024
Open Date30 Jul, 2024
Close Date31 Jul, 2024
Allotment Date02 Aug, 2024
Listing DateExpected Premium
+ ₹29-30 (33.33%)*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
Esprit Stones Limited IPO Issue Details
- Issue Price ₹82-87 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 57,95,200 shares(aggregating up to ₹50.42 crore)
- Fresh Share 57,95,200 shares(aggregating up to ₹50.42 crore)
- Listing at NSE SME
- List Price 93.15
- Listing Date 2024-08-02
- Lead Manager Choice Capital Advisors Pvt Ltd
Srujan Alpha Capital Advisors Llp - Registrar Link Intime India Private Ltd
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 offers total 5,795,200 shares. Out of which 1,075,200 (18.55%) allocated to QIB, 806,400 (13.91%) allocated to NII,1,881,600 (32.47%) allocated to RII, NA (NA%) allocated to employees and 1,612,800 (27.83%) allocated to 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 Details
Esprit Stones Limited IPO is an SME IPO, priced at ₹82-87 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 57,95,200 equity shares, aggregating up to ₹50.42 crores..
The IPO bidding window is open from Jul 26, 2024 to Jul 30, 2024. The allotment is expected to be finalized on Jul 31, 2024, and the tentative listing date is Aug 2, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,39,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,78,400.
Choice Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Choice Equity Broking Private Limited will act as the market maker for this issue.
Esprit Stones Limited IPO Subscription Analysis And Details
| 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
Esprit Stones Limited Company Financials
| 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 Esprit Stones Limited 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)
Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath
Pre Issue Share Holding : %
Post Issue Share Holding : %
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 Details
Esprit Stones Limited
SP1, Udyog Vihar, Sukher, ndustrial Area, Udaipur- 313 004
+91 91166 52582
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Esprit Stones Limited IPO is 5,795,200 shares(aggregating up to ₹50.42 Cr).
Ans. The Esprit Stones Limited IPO price band is set between ₹82-87 per equity share.
Ans. To apply for Esprit Stones Limited 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 Esprit Stones Limited IPO allotment status online.
