Esprit Stones Ltd
Price Range
₹82 - ₹87
Min. Quantity
1,600
Closes on
30 July 2024
Min. investment
₹1,39,200/1,600 Shares
Esprit Stones Ltd IPO Timeline
Esprit Stones Ltd was originally incorporated as Esprit Stones Private Limited', a Private Limited Company, dated October 19, 2016 issued by the Central Registration Centre. Subsequently, the Company got converted into a Public Limited Company and a fresh Certificate of Incorporation dated February 5, 2024 was issued by the Registrar of Companies, Rajasthan at Jaipur upon conversion, recording the change in name of Company from Esprit Stones Private Limited' to Esprit Stones Limited'.
| Event | Date |
|---|---|
| Esprit Stones Ltd IPO Opening Date | 26 July 2024 |
| Esprit Stones Ltd IPO Closing Date | 30 July 2024 |
| Basis of Allotment | 31 July 2024 |
| Initiation of Refunds | 1 August 2024 |
| Credit of Shares to Demat | 1 August 2024 |
| Esprit Stones Ltd IPO Listing Date | 2 August 2024 |
Esprit Stones Ltd IPO Details
| Esprit Stones Ltd IPO Date | 26 July 2024 to 30 July 2024 |
| Esprit Stones Ltd IPO Face Value | ₹10 per share |
| Esprit Stones Ltd IPO Price | ₹82 to ₹87 per share |
| Esprit Stones Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹50.35 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹50.42 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath |
Esprit Stones Ltd IPO Lot Size
The Esprit Stones Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,39,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,39,200 |
| Maximum | 1 | 1,600 | ₹1,39,200 |
- Strengths
- Risks
- Opportunities
- The Company is one of the key Engineered Stone players in the Indian Market.
- The Company believes that quality and innovations are the bed-rock of success. The Company has developed quality control processes for inspecting the raw materials as well as the final products.
- The Company is also engaged in the manufacturing of engineered quartz surfaces and the core raw material for manufacturing of engineered quartz are quartz grit and unstaturated polyester resin. This reduces its dependency on third-party raw material suppliers.
- The Udaipur area in Rajasthan has abundant mineral deposits that are used for manufacturing of its Engineered Stones. Its manufacturing facilities, located in the Udaipur district, benefit from the mineralrich ecology, resulting in economic and logistical advantages.
- The Company believes that its Promoters have played a key role in the development of its business and the company benefits from its industry knowledge and expertise, vision and leadership. In addition to its Promoters, its key management and senior management team includes qualified, experienced and skilled professionals who possess requisite experience across various division of its business.
Company Financials
Esprit Stones Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 161.05 | 165.23 | 10.29 |
| 03-2023 | 156.05 | 133.57 | 3.66 |
| 03-2022 | 162.55 | 190.23 | 18.71 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- Investment in its subsidiaty Haique Stones Pvt Ltd (HSPL) for repayment and/or prepayment in part or full of its outstanding borrowings
- Investment in its subsidiary Haique Stone Pvt Ltd (HSPL) for funding its working capital requirements
- General corporate purposes
Esprit Stones Ltd IPO Promoter Holding
| Pre Issue Share Holding | 13.68% |
| Post Issue Share Holding | 10.07% |
Esprit Stones Ltd IPO Subscription Status (Bidding Detail)
The Esprit Stones Ltd IPO is subscribed 173 times on 30 July 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 173 |
Esprit Stones Ltd IPO Prospectus
Esprit Stones Ltd IPO Listing Date
| Listing Date | 2 August 2024 |
| BSE Script | 92831 |
| NSE Symbol | ESPRIT |
| Listing In | NSE - SME |
| ISIN | INE0SBP01018 |
| IPO Price | ₹87 |
| Face Value | ₹10 |
Company Contact Information
SP1 Udyog ViharSukher Industrial Area,Udaipur-313001
Phone: +91 91166 52582
Email: legal@espritstones.com
Website: www.espritstones.com
Esprit Stones Ltd IPO Registrar
Esprit Stones Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
- Srujan Alpha Capital Advisors LLP
FAQ
What is the issue size of Esprit Stones Ltd IPO?
I have pre-applied for Esprit Stones Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.