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Earthstahl IPO is a book build issue of ₹12.96 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹12.96 crore.
Earthstahl IPO bidding started from Jan 27, 2023 and ended on Jan 31, 2023. The allotment for Earthstahl IPO was finalized on Feb 3, 2023. The shares got listed on BSE SME on Feb 8, 2023.
Earthstahl IPO price band is set at ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,14,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Earthstahl IPO RHP for detailed Information.
| IPO Date | January 27, 2023 to January 31, 2023 |
| Listing Date | February 8, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹38 to ₹40 per share |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,40,000 shares (aggregating up to ₹12.96 Cr) |
| Reserved for Market Maker | 1,68,000 shares Hem Securities Ltd. (aggregating up to ₹0.6720 Cr) |
| Net Offered to Public | 30,72,000 shares (aggregating up to ₹12.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,22,40,000 shares |
Earthstahl & Alloys IPO offers total 32,40,000 shares. Out of which 9,18,000 (28.33%) allocated to QIB, 10,77,000 (33.24%) allocated to NII, 10,77,000 (33.24%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.19%) |
| QIB Shares Offered | 9,18,000 (28.33%) |
| NII (HNI) Shares Offered | 10,77,000 (33.24%) |
| Retail Shares Offered | 10,77,000 (33.24%) |
| Total Shares Offered | 32,40,000 (100.00%) |
Earthstahl IPO opens on January 27, 2023, and closes on January 31, 2023.
| IPO Open Date | Fri, Jan 27, 2023 |
| IPO Close Date | Tue, Jan 31, 2023 |
| Tentative Allotment | Fri, Feb 3, 2023 |
| Initiation of Refunds | Mon, Feb 6, 2023 |
| Credit of Shares to Demat | Tue, Feb 7, 2023 |
| Tentative Listing Date | Wed, Feb 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 31, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,990.73 | 3,181.58 | -33.49 | 44.24 | 200.22 | 1,733.71 |
| 31-Mar-21 | 2,817.23 | 2,457.53 | 267.31 | 311.55 | 467.53 | 1,396.82 |
| 31-Mar-22 | 3,592.61 | 4,907.54 | 745.48 | 1,057.03 | 1,213.01 | 1,399.97 |
| 30-Sep-22 | 4,303.34 | 4,824.68 | 580.47 | 1,637.50 | 1,793.48 | 1,092.93 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Earthstahl IPO is ₹48.96 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 4.22 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] Based on FY23 annualized earnings, the issue is lucratively priced. Super earnings shown by the company for the past 18 months and its sustainability is a major concern. Well-informed cash surplus investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | February 8, 2023 |
| BSE Script Code | 543765 |
| NSE Symbol | |
| ISIN | INE0O4V01010 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹55.00 |
| Low | ₹52.50 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Earthstahl & Alloys Ltd.
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate,
Raipur- 492001
Raipur, Chhattisgarh
Phone: +91-8120009626
Email: secretarial@earthstahl.com
Website: http://www.earthstahl.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Earthstahl IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹12.96 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on January 27, 2023, and closes on January 31, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Earthstahl IPO using UPI as a payment gateway. Zerodha customers can apply in Earthstahl IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Earthstahl IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Earthstahl IPO opens on January 27, 2023 and closes on January 31, 2023.
Earthstahl IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Earthstahl IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Earthstahl IPO will be done on Friday, February 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 7, 2023. Check the Earthstahl IPO allotment status.
The Earthstahl IPO listing date is on Wednesday, February 8, 2023.
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