Esprit Stones Limited IPO Detail
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.
As of March 2024, the 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. Additionally, we 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 manufactures unsaturated polyester resin, at the manufacturing facility three.
The company has been certified for ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications.
Company Promoters
unilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth LunawathIPO Details
| IPO Opening Date | Jul 26, 2024 |
| IPO Closing Date | Jul 30, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 - 87 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹50.42 Cr |
| Fresh Issue | ₹50.42 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.45x | 3.64x | 2.07x |
| Day 2 | 3.50x | 0.00x | 0.00x | 15.60x | 27.44x | 17.49x |
| Day 3 | 117.63x | 0.00x | 0.00x | 399.58x | 145.75x | 185.82x |
IPO Tentative Timetable
The Esprit Stones Limited IPO open date is Jul 26, 2024, and the close date is Jul 30, 2024. The issue may list on Aug 02, 2024.
| IPO Open Date | Jul 26, 2024 |
| IPO Close Date | Jul 30, 2024 |
| Basis of Allotment Date | Jul 31, 2024 |
| Initiation of Refunds | Aug 01, 2024 |
| Credit of Shares to Demat Account | Aug 01, 2024 |
| IPO Listing Date | Aug 02, 2024 |
IPO Lot Size
The Esprit Stones Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹139200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹139200 |
| Maximum | 1 | 1600 | ₹139200 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 18069.74 | 19002.60 | 1850.53 |
| 31-Mar-23 | 23802.24 | 17606.52 | 355.72 |
| 31-Mar-24 | 27459.35 | 27477.82 | 1031.73 |
Objects of the Issue:
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to the Issue ("Net Proceeds") are proposed to be utilised for the following objects:
- 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 Registrar:
Link Intime India Private Ltd
Esprit Stones Limited IPO Lead Manager(s):
Choice Capital Advisors Pvt Ltd Srujan Alpha Capital Advisors Llp
Company Contact Information:
Esprit Stones Limited
SP1, Udyog Vihar, Sukher
Industrial Area,
Udaipur- 313 004
