Esprit Stones is set to launch its Initial Public Offering (IPO) on July 26, 2024, closing on July 30, 2024. The company aims to raise ₹50.42 crores through this IPO, with a price band fixed at ₹82 to ₹87 per share. Here’s a comprehensive guide to the Esprit Stones IPO, including key details, financials, and application process.
Esprit Stones IPO Review
Recommendation: May Apply
Esprit Stones was incorporated in 2016 and specializes in manufacturing engineered stones, including quartz and marble surfaces. The company is a key player in the Indian market, known for its innovative designs and high-quality standards.
Esprit Stones IPO Date & Price Band Details
- IPO Open: July 26, 2024
- IPO Close: July 30, 2024
- IPO Size: ₹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
Esprit Stones IPO Market Lot
- Minimum Market Lot: 1600 shares
- Application Amount: ₹139,200
Lot Size Details:
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹139,200 |
| Retail Maximum | 1 | 1600 | ₹139,200 |
| S-HNI Minimum | 2 | 3200 | ₹278,400 |
Esprit Stones IPO Dates
- 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
Esprit Stones IPO Form
You can apply for the Esprit Stones IPO through ASBA in your bank account or by downloading IPO forms from the NSE website.
Esprit Stones Company Financial Report
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2022 | ₹190.03 Crores | ₹166.35 Crores | ₹18.51 Crores |
| 2023 | ₹176.07 Crores | ₹170.75 Crores | ₹3.56 Crores |
| 2024 | ₹274.78 Crores | ₹260.68 Crores | ₹10.32 Crores |
Esprit Stones IPO Valuation – FY2024
- 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
There are no direct peers listed for comparison.
Company Promoters
- Sunilkumar Lunawath
- Nitin Gattani
- Pradeepkumar Lunawath
- Sangeeta Gattani
- Anushree Lunawath
- Siddhanth Lunawath
Esprit Stones IPO Registrar
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: jinesh@srujanalpha.com
- Website: Link Intime
Esprit Stones IPO Allotment Status
Check the allotment status on the Link Intime website.
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: Esprit Stones
Esprit Stones IPO FAQs
What is Esprit Stones IPO?
Esprit Stones is an NSE SME IPO aiming to raise ₹50.42 Crores, priced at ₹82 to ₹87 per equity share.
When will the Esprit Stones IPO open?
The IPO opens on July 26, 2024, for QIB, NII, and Retail Investors.
What is the investor allocation in Esprit Stones IPO?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for Esprit Stones IPO?
You can apply via ASBA online through your bank account or UPI through your stock brokers.
What is the Esprit Stones IPO Size?
The IPO size is ₹50.42 crores.
What is the Esprit Stones IPO Price Band?
The price band is ₹82 to ₹87 per equity share.
What is the Esprit Stones IPO Minimum and Maximum Lot Size?
The minimum and maximum lot size is 1600 shares at ₹139,200.
What is the Esprit Stones IPO Allotment Date?
The allotment date is July 31, 2024.
What is the Esprit Stones IPO Listing Date?
The IPO will list on August 2, 2024, on NSE SME.
Stay updated on the grey market premium for the Esprit Stones on our IPO grey market page for daily updates.