IPO

Earthstahl & Alloys Limited IPO

BSE SME

Listed On: Feb 8, 2023 at ₹ 55.0

Exp. Premium: 13-19 (32.5%)

₹ 120000 /3000 Shares

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*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 Date

31 Jan, 2023

Close Date

03 Feb, 2023

Allotment Date

08 Feb, 2023

Listing Date

Issue Price

₹38-40 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

55.0

Listing Date

2023-02-08

Market Lot

3000 Shares (₹120,000/-)

Lead Manager

Hem Securities Limited

Issue Size

3,240,000 shares of ₹10(aggregating up to ₹12.96 Cr)

Retail Portion

N/A

Subscription

235.18 times

IPO Docs

DRHP RHP

Earthstahl & Alloys Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved918,000 / 1,077,0001,077,0003,072,000
Day 1 - 27-01-23 06:00 PM2.58 / 5.46 x9.61 x6.05 x
Day 2 - 30-01-23 06:00 PM4.26 / 16.32 x43.17 x22.13 x
Day 3 - 31-01-23 06:00 PM39.83 / 445.09 x191.77 x235.18 x

Earthstahl & Alloys Limited Valuations

Earnings Per Share (EPS)

₹8.28/-

P/E Ratio

N/A

RoNW

70.53%

Net Asset Value (NAV) - Post Issue

₹11.74/-

Earthstahl & Alloys Limited Company Financials All values are in ₹ Lakh

30-Sep-2231-Mar-2231-Mar-2131-Mar-20
Assets4303.343592.612817.232990.73
Revenue4824.684907.542457.533181.58
Profit After Tax580.47745.48267.31-33.49

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.

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Earthstahl & Alloys Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.53%


Company Promoter(s)

  1. Ravi Thakurdasji Laddha
  2. Rajesh Somani
  3. Prawin Somani
  4. Padam Kumar Jain

Earthstahl & Alloys Limited IPO - Issue Objectives

  1. 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.)
  2. To meet Working Capital requirements
  3. General Corporate Purpose
  4. 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.