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Open
27 Jan 2023
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Close
31 Jan 2023
3
Allotment
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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
08-02-2023₹18Est. ₹58+45%
07-02-2023₹20Est. ₹60+50%
06-02-2023₹21Est. ₹61+52.5%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 233.85x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 43.03 | 35.93 | 28.17 | 29.91 |
| Total Income | 48.25 | 49.08 | 24.58 | 31.82 |
| Profit After Tax | 5.80 | 7.45 | 2.67 | -0.33 |
| NET Worth | 16.38 | 10.57 | 3.12 | 0.44 |
| Reserves and Surplus | 17.93 | 12.13 | 4.68 | 2.00 |
| Total Borrowing | 10.93 | 14.00 | 13.97 | 17.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹18.05 |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹26.60 |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹37.76 |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,930.10 |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹366.15 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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.) | 9.44 |
| 2 | To meet Working Capital requirements | 1.00 |
| 3 | General Corporate Purpose | 1.19 |
About Earthstahl IPO
Updated on Aug 5, 2026
Contact Details
Earthstahl & Alloys Ltd. AddressMerlin Jayshree Vihar, Mohani 5 BPandri Tarai, Mandi GateRaipur, Chhattisgarh, 492001+91-8120009626secretarial@earthstahl.comVisit Website