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Esprit Stones Ltd

Mining & Mineral products

Offer Period :

26th to 30th Jul 2024

Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces. With two facilities producing quartz and polyester resin, Read more...it boasts an annual capacity of 72 lakhs sq.ft. The company holds multiple ISO certifications and employs 295 people as of May 2024.Read less

Esprit Stones Ltd IPO Details

IPO Date 26th to 30th Jul 2024 Minimum Investment ₹139200 / 1 Lots
Listing Date 2024-08-02 Maximum Investment ₹139200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹50.42 Crores
Price ₹87 to ₹87 per share Fresh Issue ₹50.42 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹5 per share    
IPO Date 26th to 30th Jul 2024
Listing Date 2024-08-02
Face Value ₹10 per share
Price ₹87 to ₹87 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹5 per share
Minimum Investment ₹139200 / 1 Lots
Maximum Investment ₹139200 / 1 Lots
Total Issue Size ₹50.42 Crores
Fresh Issue ₹50.42 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

26th Jul

IPO Starts

30th Jul

IPO Ends

31st Jul

Allotment Date

1st Aug

Initiation of Refund

1st Aug

Credit of Shares to Demat Account

2nd Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 70.84 0
Public Group 29.16 0

Esprit Stones Ltd IPO Reservation

QIB Shares Offered 1075200(18.55%)
NII (HNI) Shares Offered 806400(13.91%)
Retail Shares Offered 1881600(32.47%)
Anchor Investor Shares Offered 1612800(27.83%)
Total Shares Offered 5795200
Total Shares With Anchor Investor 5795200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Esprit Stones Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id espritstones.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Esprit Stones Ltd IPO Lead Manager

1. Choice Capital Advisors Pvt Ltd

2. Srujan Alpha Capital Advisors LLP

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Esprit Stones Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Esprit Stones Ltd

1. The Company is one of the key Engineered Stone players in the Indian Market.

2. 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.

3. 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.

4. 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.

5. 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.

Risks Involved

1. Its Manufacturing Facilities are concentrated in the Udaipur, Rajasthan. Any disruption, breakdown or shutdown of its Manufacturing Facilities may have a material adverse effect on the companay's business, financial condition, results of operations and cash flow.

2. The company does not own some of the business premises where its Registered office, branch office, storage facilities are located.

3. Its manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

4. A significant majority of its revenues from operations are derived from a limited number of customers.

5. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.

6. Major portion of its revenues are derived from exports to the United States of America and any adverse developments in this market or restrained economic or political relations of India with the United States of America could adversely affect its business.

7. Its business is capital intensive. The company requires substantial financing for its business operations. Its indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company's ability to conduct its business.

8. Its ability to access capital at attractive costs depends on the company credit ratings. Non- availability of credit ratings or a poor rating may restrict its access to capital and thereby adversely affect the company's business and results of operations.

9. The company has availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.

10. Its lenders have charge over the company movable and immovable properties in respect of finance availed by the company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 274.59 238.02 180.7
Total Liabilities 274.59 238.02 180.7
Total Expenses 260.68 170.75 166.35
Total Revenue 
274.78 176.07 190.03
Profit After Tax 10.16 3.43 18.51
EBITDA 33.2 18.99 33.18
Adjusted EBITDA 0 0 0

Esprit Stones Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-02 92831 ESPRIT
INE0SBP01018
₹87 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹87 ₹87
Open ₹0 ₹93.15
Low ₹0 ₹93.15
High ₹0 ₹97.8
Low ₹0 ₹93.15

Frequently Asked Questions

What is Esprit Stones Ltd IPO?

Answer Field

Esprit Stones Ltd IPO is a SME IPO of 57,95,200 equity shares of a face value of ₹10 aggregating up to ₹50.42 Crores. The issue is priced at ₹87 to ₹87 per share. The minimum order quantity is 1600 Shares. The IPO opens on July 26, 2024, and closes on July 30, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Esprit Stones Ltd IPO will open?

Answer Field

The Esprit Stones Ltd IPO opens on July 26, 2024 and closes on July 30, 2024.

What is the lot size of Esprit Stones Ltd?

Answer Field

Esprit Stones Ltd lot size is 1600 shares, and the minimum amount required is ₹1,39,200.

How to apply for Esprit Stones Ltd IPO?

Answer Field

You can apply in Esprit Stones Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Esprit Stones Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Esprit Stones Ltd IPO will be done on July 31, 2024, and the allotted shares will be credited to your demat account by August 01, 2024.

When is Esprit Stones Ltd IPO listing date?

Answer Field

The Esprit Stones Ltd listing date is August 02, 2024.

Who is the registrar of Esprit Stones Ltd IPO?

Answer Field

The registrar of Esprit Stones Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Choice Capital Advisors Pvt Ltd,Srujan Alpha Capital Advisors LLP will be the book-running lead manager of this IPO.

What is the fresh issue of Esprit Stones Ltd IPO?

Answer Field

The fresh issue size is ₹50.42 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Esprit Stones Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,39,200 amount.

How can I approve the UPI mandate request for Esprit Stones Ltd IPO?

Answer Field

To apply for Esprit Stones Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Esprit Stones Ltd?

Answer Field

The price of each Esprit Stones Ltd share will be ranging in between ₹87 to ₹87 per share.

What is the cut-off time for the UPI mandate for Esprit Stones Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 30, 2024.

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