Earthstahl & Alloys Limited IPO Detail
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.
Company Promoters
Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.IPO Details
IPO Opening Date | Jan 27, 2023 |
IPO Closing Date | Jan 31, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹38 - 40 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | BSE SME |
Issue Size | ₹12.96 Cr |
Fresh Issue | 3,240,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 2.58x | - | - | 5.46x | 9.61x | 6.05x |
Day 2 | 4.26x | - | - | 16.32x | 43.17x | 22.13x |
Day 3 | 39.83x | - | - | 445.09x | 191.77x | 235.18x |
IPO Tentative Timetable
The Earthstahl & Alloys Limited IPO open date is Jan 27, 2023, and the close date is Jan 31, 2023. The issue may list on Feb 08, 2023.
IPO Open Date | Jan 27, 2023 |
IPO Close Date | Jan 31, 2023 |
Basis of Allotment Date | Feb 03, 2023 |
Initiation of Refunds | Feb 06, 2023 |
Credit of Shares to Demat Account | Feb 07, 2023 |
IPO Listing Date | Feb 08, 2023 |
IPO Lot Size
The Earthstahl & Alloys Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹120000 |
Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73.53% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 2817.23 | 2457.53 | 267.31 |
31-Mar-22 | 3592.61 | 4907.54 | 745.48 |
30-Sep-22 | 4303.34 | 4824.68 | 580.47 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following 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
Earthstahl & Alloys Limited IPO Registrar:
Bigshare Services Pvt Ltd
Earthstahl & Alloys Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Earthstahl & Alloys Limited
Merlin Jayshree Vihar, Mohani 5 B, Pandri Tarai, Mandi Gate
Raipur
Raipur