Esprit Stones Limited IPO
- IPO Date26 Jul, 2024 to 30 Jul, 2024
- Listing Date02 Aug, 2024
- Face Value₹10 per share
- Issue Price₹82 to ₹87 per share
- Lot Size1600 Shares
- Minimum Investment₹1,39,200
- Listing AtNSE SME
- Total Issue Size57,95,200 Shares
(aggregating up to ₹50.42 Cr) - Fresh Issue57,95,200 Shares
(aggregating up to ₹50.42 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,61,50,000
- Shareholding post issue2,19,45,200
IPO Dates
Closing Date
30 Jul, 2024
Initiation of Refunds
01 Aug, 2024
Listing Date
02 Aug, 2024
26 Jul, 2024
Opening Date
31 Jul, 2024
Basis of Allotment
01 Aug, 2024
Credit of Shares
Esprit Stones Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,39,200 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 3200 | ₹2,78,400 |
| Retail (Min) | 1 | 1600 | ₹1,39,200 |
| B-HNI (Min) | - | - | - |
Esprit Stones Limited Promoter Holding
The promoters of the Company are Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Esprit Stones Limited COMPANY INFORMATION
Esprit Stones IPO is a book built issue of Rs 50.42 crores. The issue is entirely a fresh issue of 57.95 lakh shares. Esprit Stones IPO opens for subscription on July 26, 2024 and closes on July 30, 2024. The allotment for the Esprit Stones IPO is expected to be finalized on Wednesday, July 31, 2024. Esprit Stones IPO will list on NSE SME with tentative listing date fixed as Friday, August 2, 2024. Esprit Stones IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400. Choice Capital Advisors Pvt Ltd and Srujan Alpha Capital Advisors Llp are the book running lead managers of the Esprit Stones IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Esprit Stones IPO is Choice Equity Broking. Refer to Esprit Stones IPO RHP for detailed information.
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.
Esprit Stones Limited IPO: A Comprehensive Overview
Company Overview
Esprit Stones Limited is a company specializing in the extraction, processing, and sale of granite and marble products. Established with a vision to deliver high-quality natural stones, the company has expanded its operations to cater to both domestic and international markets. With state-of-the-art facilities and a commitment to sustainable practices, Esprit Stones aims to become a leading player in the stone industry.
Financial Performance
The company has demonstrated steady revenue growth and robust profit margins, maintaining a healthy balance sheet to support future expansion.
- Revenue Growth: The company has shown a steady increase in revenue over the past three years, reflecting its expanding market reach and operational efficiency.
- Profit Margins: Margins have remained robust, indicating effective cost management and a strong pricing strategy.
- Debt Levels: The company's debt levels are manageable, with a focus on maintaining a healthy balance sheet to support future growth initiatives.
Strengths of Esprit Stones Limited
- Quality Products: Esprit Stones is known for its high-quality granite and marble products, which are in demand in both domestic and international markets.
- Sustainable Practices: The company adheres to environmentally friendly practices, which enhances its reputation and appeal among eco-conscious customers.
- Experienced Management: The management team has extensive experience in the stone industry, providing strategic direction and operational expertise.
Potential Risks
- Market Competition: The stone industry is highly competitive, with numerous players vying for market share.
- Economic Fluctuations: Demand for luxury stone products can be affected by economic downturns, impacting sales and profitability.
- Regulatory Compliance: Adherence to environmental and mining regulations is crucial, and any lapses could result in legal and financial repercussions.
Investment Rationale
Investing in Esprit Stones Limited offers exposure to a company with a solid track record, strong market position, and potential for growth. The company's commitment to quality and sustainability, coupled with its experienced management team, positions it well for future success. However, potential investors should consider the competitive landscape and economic factors that could impact performance.
Why Invest in Esprit Stones Limited?
Investing in Esprit Stones offers growth potential in a company with a solid track record and strategic market positioning. Despite industry competition and economic risks, the company's strengths provide a compelling investment case.
By presenting the key points, strengths, risks, and investment rationale in a structured format with clear headings, this content is optimized for SEO and provides valuable insights for potential investors.
FAQs About Esprit Stones Limited Ipo
Esprit Stones Limited IPO will open on 26 Jul, 2024 and close on 30 Jul, 2024. Investors must apply within this period to participate.
The Esprit Stones Limited IPO price band is set between ₹82.00 and ₹87.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹139200.00.
The Esprit Stones Limited IPO shares are expected to be listed on 02 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Esprit Stones Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Esprit Stones Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.