Esprit Stones Limited IPO
NSE SMEListed On: Aug 2, 2024 at ₹ 93.15
Exp. Premium: 29-30 (33.33%)
₹ 139200 /1600 Shares
Check Allotment*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.
26 Jul, 2024
Open Date30 Jul, 2024
Close Date31 Jul, 2024
Allotment Date02 Aug, 2024
Listing DateIssue Price
₹82-87 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdList Price
93.15Listing Date
2024-08-02Market Lot
1600 Shares (₹139,200/-)Lead Manager
Choice Capital Advisors Pvt LtdSrujan Alpha Capital Advisors Llp
Issue Size
5,795,200 shares(aggregating up to ₹50.42 Cr)Retail Portion
35%Subscription
185.82 timesEsprit 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 , Srujan Alpha Capital Advisors Llp 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 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
EPS Pre IPO
₹6.39/-EPS Post IPO
₹4.7/-P/E Pre IPO
13.62P/E Post IPO
18.51ROCE
12.39%Debt/Equity
1.72RoNW
15.09%PAT Margin
3.78Price to Book Value
1.94Esprit 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: %
- 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
Esprit Stones Limited
SP1, Udyog Vihar, Sukher, ndustrial Area, Udaipur- 313 004Link 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.
