Incorporated in 2009, Earthstahl & Alloys Limited specializes in manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps serve as essential raw material for various products, including cast iron pipe fittings, machine components (such as latch machines and fan components), manhole covers, decorative cast iron pieces, and other steel or cast iron products.
The company’s primary product, Ductile Iron Pipe Fittings, finds application in public water supply systems, serving as connectors for pipes.
Earthstahl & Alloys Limited’s manufacturing unit is situated in the village of Duldula, near Raipur, Chhattisgarh, covering an expansive land area of approximately 4.73 hectares.
In addition to their efficient manufacturing and delivery of Cast Iron Lumps and Ductile Iron Pipe Fittings, the company is diversifying its operations by producing parts or components of plant and machinery using foam molds. These products cater to various sectors, including Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.
Stock Quote #
- Open: ₹60.00
- High – Low: ₹62.90 – ₹60.00
- Previous Close: ₹60.00
- Total Traded Value: 15,000
- 52 Weeks High: ₹67.25 (Jul 21, 2023)
- 52 Weeks Low: ₹40.61 (Mar 17, 2023)
- Updated On: Jul 28, 2023 4:00 PM
IPO Details #
Earthstahl & Alloys IPO is a Book Built Issue. The IPO total issue size is Rs 12.96 Cr. The Earthstahl & Alloys IPO price is ₹38 to ₹40 per share. The IPO will list on BSE SME.
| IPO Date | Jan 27, 2023 to Jan 31, 2023 |
| Listing Date | Feb 8, 2023 |
| Face Value | ₹10 per share |
| Price | ₹38 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,240,000 shares (aggregating up to ₹12.96 Cr) |
| Fresh Issue | 3,240,000 shares (aggregating up to ₹12.96 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 168,000 shares Hem Securities |
IPO Reservation #
Earthstahl & Alloys IPO a total of 3,240,000 shares are offered. QIB: 918,000 (28.33%), RII: 1,077,000 (33.24%), NII: 1,077,000 (33.24%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 168,000 (5.19%) |
| QIB Shares Offered | 918,000 (28.33%) |
| NII (HNI) Shares Offered | 1,077,000 (33.24%) |
| Retail Shares Offered | 1,077,000 (33.24%) |
| Total Shares Offered | 3,240,000 (100%) |
Earthstahl & Alloys IPO Timetable (Tentative) #
Earthstahl & Alloys IPO opens on Jan 27, 2023, and closes on Jan 31, 2023.
| IPO Open Date | Friday, 27 January 2023 |
| IPO Close Date | Tuesday, 31 January 2023 |
| Basis of Allotment | Friday, 3 February 2023 |
| Initiation of Refunds | Monday, 6 February 2023 |
| Credit of Shares to Demat | Tuesday, 7 February 2023 |
| Listing Date | Wednesday, 8 February 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 31, 2023 |
Earthstahl & Alloys IPO Lot Size #
The minimum lot size of this Earthstahl & Alloys IPO is 3000 shares required is ₹120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
Earthstahl & Alloys IPO Promoter Holding #
Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,990.73 | 3,181.58 | -33.49 | 44.24 | 200.22 | 1,733.71 |
| 31-Mar-21 | 2,817.23 | 2,457.53 | 267.31 | 311.55 | 467.53 | 1,396.82 |
| 31-Mar-22 | 3,592.61 | 4,907.54 | 745.48 | 1,057.03 | 1,213.01 | 1,399.97 |
| 30-Sep-22 | 4,303.34 | 4,824.68 | 580.47 | 1,637.50 | 1,793.48 | 1,092.93 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
Earthstahl & Alloys IPO Market Cap is Rs 48.96 Cr and P/E (x) is 4.22.
| KPI | Values |
|---|---|
| P/E (x) | 4.22 |
| Market Cap (₹ Cr.) | 48.96 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following 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 IPO Subscription Status (Bidding Detail) #
The Earthstahl & Alloys IPO is subscribed 235.18 times on Jan 31, 2023 6:58:00 PM. The public issue subscribed 191.77 times in the retail category, 39.83 times in the QIB category, and 445.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 39.83 |
| NII | 445.09 |
| Retail | 191.77 |
| Total | 235.18 |
Earthstahl & Alloys IPO Prospectus #
Earthstahl & Alloys IPO Listing Details #
| Listing Date | Feb 8, 2023 |
| BSE Script Code | 543765 |
| NSE Symbol | |
| ISIN | INE0O4V01010 |
| Final Issue Price | ₹40 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹55.00 |
| ₹52.50 |
| ₹57.75 |
| ₹57.75 |
Check IPO Performance…
Company Contact Information #
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate,
Raipur- 492001
Phone: +91-8120009626
Email: secretarial@earthstahl.com
Website: http://www.earthstahl.com/
Earthstahl & Alloys IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Earthstahl & Alloys IPO Lead Manager(s) #
Frequently Asked Questions #
What are the key details of the Earthstahl & Alloys IPO? #
- IPO Open: January 27, 2023
- IPO Close: January 31, 2023
- IPO Price: ₹40 per share
- Lot Size: 3000 shares
- Total Issue Size: ₹12.96 Crores
- Listing Date: February 8, 2023
- Listing Platform: BSE SME
How can I check the Earthstahl & Alloys IPO allotment status? #
The Earthstahl & Alloys IPO allotment status is expected to be available on February 3, 2023. To check the allotment status, you can visit the Earthstahl & Alloys IPO allotment status page and enter either PAN number, Application Number, or DP Client ID of the demat account.
What is the reservation and subscription status of the Earthstahl & Alloys IPO? #
The Earthstahl & Alloys IPO size is 3,240,000 Equity Shares of ₹10 aggregating up to ₹12.96 Crores. The IPO subscription status shows that the IPO was oversubscribed in various categories, with the Qualified Institutional Buyers (QIB) category being subscribed 39.83 times, the Non-Institutional Investors (NII) category being subscribed 445.09 times, and the Retail Individual Investor (RII) category being subscribed 191.77 times.
How can I apply for the Earthstahl & Alloys IPO? #
Retail investors could apply online for Earthstahl & Alloys IPO shares through banks (using ASBA) or through brokers (using UPI). Zerodha, one of the popular stockbrokers in India, offers an online IPO application as well.
What is the expected listing price of Earthstahl & Alloys IPO shares? #
The expected listing price of Earthstahl & Alloys IPO shares depends on various factors, including demand, nature of the business, market environment, and state of the economy. The actual listing price is difficult to predict, but the IPO grey market premium may give some hint.
Please note that the above FAQs are generated based on the information provided, and for the most accurate and up-to-date information, it’s best to refer directly to the official prospectus and relevant IPO documents.
