Esprit Stones IPO Details: Esprit Stones IPO date is fixed, The IPO will open on July 26 and will close on July 30. Esprit Stones is a NSE SME IPO to raise ₹50.42 crores via IPO. The Esprit Stones IPO price band is fixed at ₹82 to ₹87 with a market lot of 1600 shares.
Esprit Stones was incorporated in the year 2016 and they are primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces. The company majorly manufactures engineered quartz surfaces and through their Subsidiary, HSPL, they manufacture engineered marble surfaces. They are one of the key Engineered Stones players in India. Through their innovative design and manufacturing processes, they can offer their product in a wide variety of colors, styles, designs, and textures.
They have customized their manufacturing processes to maximize the consistency, quality, durability, and crack resistance of our Engineered Stones while also increasing their slickness and luster. Together with their research and development capabilities, their manufacturing expertise enables us to develop several aesthetically distinct designs for our products. They continually work to ensure that they acquire high-quality raw materials for their Engineered Stones and ensure that their high-quality standards are met by conducting ongoing quality control checks of the raw materials and finished goods at their Manufacturing Facilities. Additionally, through their Subsidiary, Addwaya Chemicals, they are also engaged in the manufacturing of unsaturated polyester resin which is one of the key raw materials in the manufacturing of Engineered Stones. Their business model is aimed to consistently continue to strengthen their product portfolio through continued investment in product innovation supported by strong research and development initiatives, marketing activities, and the establishment of long-term relationships with their existing and new customers.
Objects of the Issue:
- Funding Working Capital requirement of the Company
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
- General Corporate Purpose
Esprit Stones IPO Review
- To be updated soon
Esprit Stones IPO Date & Price Band Details
| IPO Open: | July 26, 2024 |
| IPO Close: | July 30, 2024 |
| IPO Size: | Approx ₹50.42 Crores, 5,795,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹82 to ₹87 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Esprit Stones IPO Market Lot
The Esprit Stones IPO minimum market lot is 1600 shares with a ₹139,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹139,200 |
| Retail Maximum | 1 | 1600 | ₹139,200 |
| S-HNI Minimum | 2 | 3,200 | ₹278,400 |
Esprit Stones IPO Dates
The Esprit Stones IPO date is July 26 and the IPO close date is July 30. The IPO allotment date is July 31 and the IPO might list on August 2.
| IPO Open Date: | July 26, 2024 |
| IPO Close Date: | July 30, 2024 |
| Basis of Allotment: | July 31, 2024 |
| Refunds: | August 1, 2024 |
| Credit to Demat Account: | August 1, 2024 |
| IPO Listing Date: | August 2, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Esprit Stones IPO Form
How to apply Esprit Stones IPO? You can apply Esprit Stones IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Esprit Stones IPO in the Invest section. The other option you can apply Esprit Stones IPO via IPO forms download via the NSE website. Check out the Esprit Stones forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Esprit Stones Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹190.03 | ₹166.35 | ₹18.51 |
| 2023 | ₹176.07 | ₹170.75 | ₹3.56 |
| 2024 | ₹274.78 | ₹260.68 | ₹10.32 |
Esprit Stones IPO Valuation – FY2024
Check Esprit Stones IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.29 per Equity Share |
| Price/Earning P/E Ratio: | 13.04 |
| Return on Net Worth (RoNW): | 15.09% |
| Net Asset Value (NAV): | ₹44.82 per Equity Share |
Peer Group
- NA
Company Promoters
- Sunilkumar Lunawath
- Nitin Gattani
- Pradeepkumar Lunawath
- Sangeeta Gattani
- Anushree Lunawath
- Siddhanth Lunawath
Esprit Stones IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jinesh@srujanalpha.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Esprit Stones IPO Allotment Status
Check Esprit Stones IPO allotment status on Link Intime website URL. Click Here
Esprit Stones IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt Ltd
- Srujan Alpha Capital Advisors Llp
Company Address
Esprit Stones Limited
SP1, Udyog Vihar, Sukher
Industrial Area,
Udaipur- 313 004,
Phone: +91 91166 52582
Email: legal@espritstones.com
Website: https://espritstones.com/
Esprit Stones IPO FAQs
What is Esprit Stones IPO?
Esprit Stones IPO is an NSE SME IPO. They are going to raise ₹50.42 Crores via IPO. The issue is priced at ₹82 to ₹87 per equity share. The IPO is to be listed on NSE.
When Esprit Stones IPO will open?
The IPO is to open on July 26, 2024 for QIB, NII, and Retail Investors.
What is Esprit Stones IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Esprit Stones IPO?
You can apply Esprit Stones IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
