Esprit Stones IPO Date, Details, Allotment

Esprit Stones IPO is a book-built issue aiming to raise ₹50.42 crores. The entire issue consists of 57.95 lakh new equity shares.

Esprit Stones IPO is open for subscription on July 26, 2024, and closes on July 30, 2024. The allotment for the IPO is expected on July 31, 2024. Trom Industries IPO will be listed on NSE SME with a listing date fixed as August 2, 2024.

Investors can subscribe to the IPO at a price band of ₹82 to ₹87 per share. The smallest unit for application is 1600 shares, requiring a minimum investment of ₹139,200 for retail investors. High Net-worth Individuals (HNI) need to apply for at least 2 lots (3,200 shares), amounting to ₹278,400.

Source Doc – Esprit Stones IPO RHP

Esprit Stones IPO Date, Details, Allotment

Esprit Stones IPO Details

Open Date	July 26, 2024
Close Date	July 30, 2024
IPO Size	A total of Rs ₹50.42 crores and 57.95 lakh shares
Fresh Issue	57,95,200 Equity Shares
Face Value	₹10 per share
IPO Price Band	₹82 to ₹87 per share
IPO Listing on	NSE SME
Lot Size	1600 Shares
OFS	N.A
Share Offered to Retail	35%
Share Offered to QIB	50%
Share Offered to HNI	15%

Esprit Stones IPO Date

IPO Open Date: July 26, 2024
IPO Close Date: July 30, 2024
Allotment: July 31, 2024
Refunds: August 1, 2024
Shares Credit to Demat: August 1, 2024
Listing Date: August 2, 2024

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹139,200
Retail (Max)	1	1600	₹139,200
HNI (Min)	2	3,200	₹278,400

Promoter Holding

Promoters of the Company: Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath, and Siddhanth Lunawath

Shareholding Pre-Issue: 100.00%

Esprit Stones IPO GMP (Grey Market Premium)

If you want to know Esprit Stones IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Esprit Stones IPO Subscription Status

Esprit Stones IPO subscription starts on July 26, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Esprit Stones IPO Allotment Status

To check the Esprit Stones IPO allotment status go to the IPO registrar website ”Link Intime India Pvt Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

Go to the Link given above.
Select the IPO Name
Enter your PAN/ DP ID/ Application No
Submit details and get the allotment status.

Know About Company

Company Name	Esprit Stones Limited
Founded	2016
Primary Products	Engineered quartz and marble surfaces
Manufacturing Facilities
	Facility I
	– Three (3) pressing lines
	– Two (2) polishing lines
	– Annual production capacity: 72 lakhs sq.ft.
	Facility II
	– Produces quartz grit and quartz powder
	– Raw materials for engineered quartz
	Facility III
	– Manufactures unsaturated polyester resin
Certifications	– ISO 14001:2015 (Environmental Management)
	– ISO 45001:2018 (Occupational Health and Safety)
	– ISO 9001:2015 (Quality Management)
	– NSF (National Sanitation Foundation)
	– Green Guard (Low-emitting product certification)

Esprit Stones Limited Financial Information

The financial performance of Esprit Stones Limited for the financial years ending March 31, 2022, March 31, 2023, and March 31, 2024 –

Period Ended	31 Mar 2024 (₹ Lakhs)	31 Mar 2023 (₹ Lakhs)	31 Mar 2022 (₹ Lakhs)
Assets	27,459.35	23,802.24	18,069.74
Revenue	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Total Borrowing	12,541.91	11,879.55	5,799.76

Financial Performance Highlights:

Revenue Growth: Significant increase from ₹17,606.52 lakhs in FY 2023 to ₹27,477.82 lakhs in FY 2024.
Profit After Tax (PAT): Rose sharply from ₹355.72 lakhs in FY 2023 to ₹1,031.73 lakhs in FY 2024, indicating a growth of 190.04%.
Asset Growth: Total assets grew steadily over the three years, reaching ₹27,459.35 lakhs in FY 2024.
Borrowings: Total borrowing increased from ₹11,879.55 lakhs in FY 2023 to ₹12,541.91 lakhs in FY 2024, reflecting increased investment or operational needs.

KIP of Esprit Stones Limited

Here’s the table listing the Key Performance Indicators (KPIs) for Esprit Stones Limited for the financial years ended March 31, 2024 and 2023.

KPIs	Financial Year ended March 31, 2024	Financial Year ended March 31, 2023
Revenue from Operations (₹ lakhs)	27,289.02	17,441.09
EBITDA (₹ lakhs)	3,320.08	1,898.59
EBITDA Margin (%)	12.17%	10.89%
Net Profit after tax (₹ lakhs)	1,031.73	355.72
Net Profit Margin (%)	3.78%	2.04%
Return on Net Worth (%)	15.09%	5.66%
Return on Capital Employed (%)	12.39%	7.60%
Debt-Equity Ratio	1.72	1.90

Esprit Stones Limited IPO Valuation – FY2024

Parameter	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

Pokarna Limited
Pacific Industries Limited
Global Surfaces Limited
Elegant Marbles & Grani Industries Limited

Esprit Stones Limited IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083 Maharashtra,India
Telephone: +91 8108114949
E-mail: espritstones.ipo@linkintime.co.in
Investor grievance email: espritstones.ipo@linkintime.co.in
Website: www.linkintime.co.in

Esprit Stones Limited IPO Lead Manager

Choice Capital Advisors Private Limited
Srujan Alpha Capital Advisors LLP

Esprit Stones Limited Contact

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 Limited IPO Application Form PDF

To download the Esprit Stones Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs – Esprit Stones Limited IPO

What does Esprit Stones Limited specialize in?

Esprit Stones Limited specializes in the manufacturing of engineered quartz and marble surfaces. They operate multiple facilities producing a range of products including quartz grit, quartz powder, and unsaturated polyester resin.

When are Esprit Stones Limited IPO opening and closing dates?

Esprit Stones Limited IPO opens for subscription on July 26, 2024, and closes on July 30, 2024.

What is the lot size for Esprit Stones Limited IPO?

The lot size for Esprit Stones Limited IPO is 1600 shares, requiring a minimum investment of ₹139,200 for retail investors at the upper price band.

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iPO GMP Today Desk

Rajesh, with 5 years in the stock market, holds a degree in Finance and Management from the University of Kalyani. He simplifies complex financial concepts, offering clear insights to readers, blending expertise with a passion for easy-to-understand analysis.