Esprit Stones Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Jul 2024

Close Date

30 Jul 2024

Allotment

31 Jul 2024

Listing Date

02 Aug 2024

Exchange

NSE SME

Price Band

₹87

Listing Price

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Allotment Status

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Price Band

₹87

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

57,95,200 shares (aggregating up to ₹50.35 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹139,200

1 lot

Pre-IPO Holding

1,61,50,000 shares

Promoters

Post-IPO Holding

2,19,45,200 shares

Promoters

P/E (Pre)

13.62x

P/E (Post)

18.51x

EPS (Pre)

₹6.39

EPS (Post)

₹4.70

UPI Deadline

2024-07-30

Mandate

Anchor AllotmentThu, 25 Jul 2024

Basis of AllotmentWed, 31 Jul 2024

Refund InitiationThu, 01 Aug 2024

Demat CreditThu, 01 Aug 2024

Listing DayFri, 02 Aug 2024

UPI Mandate Deadline2024-07-30

Sale TypeFresh Capital

Net Offer to Public55,04,000 shares (aggregating up to ₹47.82 Cr)

Market Maker Quota2,91,200 shares (aggregating up to ₹2.53 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Esprit Stones Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Jul 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	291,200	—	₹2.53
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,795,200	100%	₹50.42

IPO Shares Offered

Esprit Stones Ltd. IPO total issue size: ₹50.42 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	291,200	₹2.53	5.02%
Total	5,795,200	₹50.42	100.00%

* Based on upper price band ₹87 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹87.00

Upper Band

Min Investment

₹139,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹278,400
Retail (Max — 13 Lots)	13	20,800	₹1,809,600
S-HNI (Min — 14 Lots)	14	22,400	₹1,948,800
B-HNI (Min — 68 Lots)	68	108,800	₹9,465,600

* Issue Price ₹87 × Lot Size 1,600 shares

IPO Schedule

Anchor

25 Jul 2024

✓ Done

IPO Open

26 Jul 2024

✓ Done

IPO Close

30 Jul 2024

✓ Done

Allotment

31 Jul 2024

✓ Done

Refunds

01 Aug 2024

✓ Done

Demat Credit

01 Aug 2024

✓ Done

Listing Day

02 Aug 2024

✓ Done

₹87.00

INR · NSE

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Issue ₹87.00 Live Price

About Esprit Stones Ltd.

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.As of May 31, 2024, the company had 295 employees in various departments.

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 Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹19,002.6

31 Mar 2022

₹17,606.5

31 Mar 2023

₹27,477.8

31 Mar 2024

Profit After Tax (PAT)

₹1,850.5

31 Mar 2022

₹355.7

31 Mar 2023

₹1,031.7

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	27477.82	17606.52	19002.60
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1031.73	355.72	1850.53
Net Worth	7238.80	6227.81	5893.32
Total Assets	27459.35	23802.24	18069.74
Reserves & Surplus	5623.80	5277.81	4943.32
Borrowings	12541.91	11879.55	5799.76
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	3.78%	—	—

P/BV Ratio

1.94

RoCE

5,799.76

RoNW

15.09%

PAT Margin

3.78%

Debt/Equity

1.72

Issue Structure & Shareholding

Total Shares Offered57,95,200 (100.00%)

Net Offer to Public55,04,000 shares (aggregating up to ₹47.82 Cr)

Reserved for Market Maker2,91,200 shares (aggregating up to ₹2.53 Cr)

Pre-Issue Promoter Holding1,61,50,000 shares

Post-Issue Promoter Holding2,19,45,200 shares

P/BV Ratio1.94

RoEN/A

RoCE5,799.76

Debt / Equity1.72

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

espritstones.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Choice Capital Advisors Pvt.Ltd

Srujan Alpha Capital Advisors LLP

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Esprit Stones Ltd. IPO subscribed? ▲

Esprit Stones Ltd. IPO is subscribed 1.00 times by Jul 30, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Esprit Stones Ltd. IPO retail subscription status? ▼

The Esprit Stones Ltd. IPO retail category is subscribed 1.00 times as of 30 Jul 2024. The retail portion is oversubscribed.

How to subscribe Esprit Stones Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Jul 2024 and closes 30 Jul 2024. Min investment: ₹139,200 (1 lot = 1,600 shares). UPI mandate: 2024-07-30.

How many times Esprit Stones Ltd. IPO subscribed? ▼

The Esprit Stones Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Esprit Stones Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 31 Jul 2024. Refunds: on 01 Aug 2024.

When Esprit Stones Ltd. IPO will be listed? ▼

The Esprit Stones Ltd. IPO listing date is 02 Aug 2024, Friday. Listed on: NSE SME. Issue price: ₹87. Estimated listing: ₹87. GMP: NIL.

When Esprit Stones Ltd. IPO close? ▼

The Esprit Stones Ltd. IPO closes on 30 Jul 2024, Tuesday. UPI mandate: 2024-07-30. Allotment: 31 Jul 2024. Listing: 02 Aug 2024.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹87.00

Change—

Issue Price₹87.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹87

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹139,200

GMPNIL

Est. Listing₹87

Subscribed1.00x

Open Date26 Jul 2024

Close Date30 Jul 2024

Allotment31 Jul 2024

Listing Date02 Aug 2024

ExchangeNSE SME

UPI Deadline2024-07-30