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Open
26 Jul 2024
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Close
30 Jul 2024
3
Allotment
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Listing
Fri, Aug 2, 2024
Price Band
₹82 to ₹87
Issue Size
57,95,200 shares (agg. up to ₹50 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Aug 2, 2024
Latest GMP
₹33
Est. Gain
37.93%
✦ AI Insight
GMP Trend
02-08-2024₹33Est. ₹120+37.93%
01-08-2024₹33Est. ₹120+37.93%
31-07-2024₹30Est. ₹117+34.48%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 131.40x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 274.59 | 238.02 | 180.70 |
| Total Income | 274.78 | 176.07 | 190.03 |
| Profit After Tax | 10.32 | 3.56 | 18.51 |
| NET Worth | 72.39 | 62.28 | 58.93 |
| Reserves and Surplus | 56.24 | 52.78 | 49.43 |
| Total Borrowing | 125.42 | 118.80 | 58.00 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of the Company | 14.00 |
| 2 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings | 19.50 |
| 3 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement | 6.50 |
| 4 | General Corporate Purpose | 4.45 |
About Esprit Stones IPO
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces. As of March 2024, the Manufacturing Facility I is equipped with three (3) pressing lines and two (2) polishing lines, with a production capacity of around 72 lakhs sq.ft. per annum. Additionally, we commissioned our Manufacturing Facility II to manufacture quartz grit and quartz powder, which is the primary raw material for the manufacture of engineered quartz. The company manufactures unsaturated polyester resin, at the manufacturing facility three. The company has been certified for ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications. As of May 31, 2024, the company had 295 employees in various departments.+ Read More
Contact Details
Esprit Stones Ltd. AddressSP1, Udyog ViharSukherIndustrial AreaUdaipur, Rajasthan, 313004+91 91166 52582legal@espritstones.comVisit Website