Earthstahl & Alloys Limited IPO
BSE SMEListed On: Feb 8, 2023 at ₹ 55.0
Exp. Premium: 13-19 (32.5%)
₹ 120000 /3000 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Earthstahl & Alloys Limited IPO Details
27 Jan, 2023
Open Date31 Jan, 2023
Close Date03 Feb, 2023
Allotment Date08 Feb, 2023
Listing DateIssue Price
₹38-40 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
55.0Listing Date
2023-02-08Market Lot
3000 Shares (₹120,000/-)Lead Manager
Hem Securities LimitedIssue Size
3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr)Retail Portion
N/ASubscription
235.18 timesEarthstahl & Alloys Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 918,000 / 1,077,000 | 1,077,000 | 3,072,000 |
Day 1 - 27-01-23 06:00 PM | 2.58 / 5.46 x | 9.61 x | 6.05 x |
Day 2 - 30-01-23 06:00 PM | 4.26 / 16.32 x | 43.17 x | 22.13 x |
Day 3 - 31-01-23 06:00 PM | 39.83 / 445.09 x | 191.77 x | 235.18 x |
Earthstahl & Alloys Limited Valuations
Earnings Per Share (EPS)
₹8.28/-P/E Ratio
N/ARoNW
70.53%Net Asset Value (NAV) - Post Issue
₹11.74/-Earthstahl & Alloys Limited Company Financials All values are in ₹ Lakh
30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
---|---|---|---|---|
Assets | 4303.34 | 3592.61 | 2817.23 | 2990.73 |
Revenue | 4824.68 | 4907.54 | 2457.53 | 3181.58 |
Profit After Tax | 580.47 | 745.48 | 267.31 | -33.49 |
About The Company
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.
Earthstahl & Alloys Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.53%
Company Promoter(s)
- Ravi Thakurdasji Laddha
- Rajesh Somani
- Prawin Somani
- Padam Kumar Jain
Earthstahl & Alloys Limited IPO - Issue Objectives
- Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at our manufacturing facility at Village Duldula, Baloda Bazar (C.G.)
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Earthstahl & Alloys Limited IPO - FAQs
Ans. Earthstahl & Alloys Limited IPO is a SME IPO. The issue is priced at ₹38-40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jan 27, 2023, and closes on Jan 31, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Earthstahl & Alloys Limited IPO opens on Jan 27, 2023 and closes on Jan 31, 2023.
Ans. The size of Earthstahl & Alloys Limited IPO is 3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr).
Ans. The IPO price band is set between ₹38-40 per equity share.
Ans. To apply for Earthstahl & Alloys Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Earthstahl & Alloys Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Earthstahl & Alloys Limited IPO is Feb 3, 2023.
Ans. The Earthstahl & Alloys Limited IPO will be listed on Feb 8, 2023.
Ans. Follow the steps to check the allotment status for Earthstahl & Alloys Limited IPO here.