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Earthstahl IPO IPO

Mainline27 Jan 202331 Jan 2023
Open
27 Jan 2023
Close
31 Jan 2023
3
Allotment
Listing
Wed, Feb 8, 2023
Price Band
₹38 to ₹40
Issue Size
32,40,000 shares (agg. up to ₹13 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Feb 8, 2023
Latest GMP
₹18
Est. Gain
45%
✦ AI Insight

GMP Trend

08-02-202318Est. ₹58+45%
07-02-202320Est. ₹60+50%
06-02-202321Est. ₹61+52.5%

Live Subscription

CategorySubscription (times)
Total233.85x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets43.0335.9328.1729.91
Total Income48.2549.0824.5831.82
Profit After Tax5.807.452.67-0.33
NET Worth16.3810.573.120.44
Reserves and Surplus17.9312.134.682.00
Total Borrowing10.9314.0013.9717.34
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Swastik Pipe Ltd.SME₹62.52 Cr₹10011.38₹69.30-30.70%₹17.10 (+4.91%)
Rhetan TMT Ltd.SME₹56.00 Cr₹7063.64₹66.50-5.00%₹30.88 (+2.29%)
Mangalam Worldwide Ltd.SME₹65.58 Cr₹10120.12₹102.55+1.53%₹36.65 (-0.54%)
Venus Pipes & Tubes Ltd.Mainboard₹165.42 Cr₹32621.03₹354.35+8.70%₹1,813.00 (+2.94%)
Hariom Pipe Industries Ltd.Mainboard₹130.05 Cr₹15315.15₹231.00+50.98%₹401.30 (-1.59%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding 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.)9.44
2To meet Working Capital requirements1.00
3General Corporate Purpose1.19

About Earthstahl IPO

Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products. The other primary product of the company, i.e., Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes. The manufacturing unit of Earthstahl & Alloys Limited is located in the village of Duldula nearby Raipur, Chhattisgarh, and is spread across an area of around 4.73 hectares of land. Alongside the efficient manufacturing and delivery of Cast iron Lumps and Ductile iron pipe fittings, the entity is also expanding its horizon by producing parts or components of plant and machinery with the help of foam molds. These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.+ Read More

Contact Details

Earthstahl & Alloys Ltd. AddressMerlin Jayshree Vihar, Mohani 5 BPandri Tarai, Mandi GateRaipur, Chhattisgarh, 492001+91-8120009626secretarial@earthstahl.comVisit Website