Bookbuilding IPO | ₹50 Cr | Listed at NSE SME | Fri, Jul 26, 2024 - Tue, Jul 30, 2024
Esprit Stones IPO is a book build issue of ₹50.35 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹50.35 crore.
Esprit Stones IPO bidding started from Jul 26, 2024 and ended on Jul 30, 2024. The allotment for Esprit Stones IPO was finalized on Jul 31, 2024. The shares got listed on NSE SME on Aug 2, 2024.
Esprit Stones IPO price band is set at ₹87 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,39,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,78,400.
The issue includes a reservation of up to 1,28,000 shares for employees offered at a discount of ₹5.00 to the issue price.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Esprit Stones IPO RHP for detailed Information.
IPO Open
Fri, Jul 26, 2024
IPO Close
Tue, Jul 30, 2024
Issue Price
₹87 per share
Market Cap (Pre-IPO)
₹190.92 Cr
| IPO Date | 26 to 30 Jul, 2024 |
| Listed on | Fri, Aug 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹87 |
| Issue Price | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Employee Discount | ₹5.00 |
| Total Issue Size | 57,95,200 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 2,91,200 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 55,04,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 55,04,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,61,50,000 shares |
| Share Holding Post Issue | 2,19,45,200 shares |
| NSE Symbol | ESPRIT |
| ISIN | INE0SBP01018 |
Esprit Stones IPO comprises a total issue size of 57,95,200 shares. The net offer to the public is 53,76,000 shares, after excluding 2,91,200 shares allotted on a firm basis and 1,28,000 shares under a preferential allotment. Of the Net offer 26,88,000 (50.00%) are allocated to QIB, 8,06,400 (15.00%) allocated to NII 18,81,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,88,000 | 50.00% | 46.38% |
| − Anchor Investor Shares Offered | 16,12,800 | 27.83% | |
| − QIB (Ex. Anchor) Shares Offered | 10,75,200 | 18.55% | |
| NII (HNI) Shares Offered | 8,06,400 | 15.00% | 13.91% |
| Retail Shares Offered | 18,81,600 | 35.00% | 32.47% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,28,000 | 2.21% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,91,200 | 5.02% | |
| Total Shares Offered | 57,95,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,39,200 |
| Retail (Max) | 1 | 1,600 | ₹1,39,200 |
| HNI (Min) | 2 | 3,200 | ₹2,78,400 |
Esprit Stones IPO raises ₹14.03 crore from anchor investors. Esprit Stones IPO Anchor bid date is July 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 25, 2024 |
| Shares Offered | 16,12,800 |
| Anchor Portion (₹ Cr.) | 14.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 29, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 274.59 | 238.02 | 180.70 |
| Total Income | 274.78 | 176.07 | 190.03 |
| Profit After Tax | 10.32 | 3.56 | 18.51 |
| NET Worth | 72.39 | 62.28 | 58.93 |
| Reserves and Surplus | 56.24 | 52.78 | 49.43 |
| Total Borrowing | 125.42 | 118.80 | 58.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of the Company | 14.00 |
| 2 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings | 19.50 |
| 3 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement | 6.50 |
| 4 | General Corporate Purpose | 4.45 |
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 12.39% |
| Debt/Equity | 1.72 |
| RoNW | 15.09% |
| PAT Margin | 3.78% |
| Price to Book Value | 1.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.39 | 4.70 |
| P/E (x) | 13.62 | 18.51 |
| Promoter Holding | 100% | 73.59% |
| Market Cap | ₹190.92 Cr. |
The Esprit Stones IPO is subscribed 185.82 times on July 30, 2024 6:20:00 PM (Day 3). The public issue subscribed 145.75 times in the retail category, 117.63 times in the QIB category, and 399.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 117.63 | 10,75,200 | 12,64,73,600 |
| NII* | 399.58 | 8,06,400 | 32,22,22,400 |
| Retail | 145.75 | 18,81,600 | 27,42,46,400 |
| Total | 185.82 | 38,91,200 | 72,30,72,000 |
Total Application : 1,71,404
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs (including underwriting commissions and selling commission) | 4.76 |
| 2 | Advertising and marketing expenses | 0.26 |
| 3 | Fees payable to the Legal Advisor to the Issue | 0.10 |
| 4 | Fees to the Registrar to the Issue | 0.11 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of Issue stationary | 0.02 |
| 7 | Brokerage, selling commission and uploading/processing fees(1)(2)(3)(4) | 0.06 |
| 8 | Others (bankers to the Issue, depositories, secretarial, market making, auditor's fees, other professional fees etc.) | 0.54 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹93.15 |
| Low | ₹93.15 |
| High | ₹97.80 |
| Last Trade | ₹97.80 |
Lead Manager Reports
Esprit Stones IPO is a SME IPO of 57,95,200 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Jul 26, 2024, and closes on Tue, Jul 30, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Esprit Stones IPO using UPI as a payment gateway. Zerodha customers can apply in Esprit Stones IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Esprit Stones IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Esprit Stones IPO opens on Fri, Jul 26, 2024 and closes on Tue, Jul 30, 2024.
Esprit Stones IPO lot size is 1600, and the minimum amount required for application is ₹1,39,200.
You can apply in Esprit Stones 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 Esprit Stones IPO will be done on Wednesday, July 31, 2024, and the allotted shares will be credited to your demat account by Thu, Aug 1, 2024. Check the Esprit Stones IPO allotment status.
The Esprit Stones IPO listing date is on Fri, Aug 2, 2024.
