Esprit Stones IPO Details: The Esprit Stones IPO is scheduled to open on July 26 and close on July 30. This NSE SME IPO aims to raise ₹50.42 crores, with a price band set between ₹82 and ₹87, and a market lot of 1,600 shares.
Founded in 2016, Esprit Stones specializes in the production of Engineered Stones, including engineered quartz and marble surfaces. The company is a significant player in the Indian market, known for its diverse range of colors, styles, and textures. Through its subsidiary, HSPL, Esprit Stones also manufactures engineered marble surfaces.
Esprit Stones is committed to excellence in manufacturing, focusing on enhancing the consistency, quality, durability, and visual appeal of their products. Their state-of-the-art processes, coupled with rigorous quality control, ensure top-notch products. Additionally, their subsidiary, Addwaya Chemicals, produces unsaturated polyester resin, a crucial component in their stone manufacturing.
The company’s strategy revolves around continuous innovation and development, supported by robust R&D efforts, effective marketing, and strong customer relationships.
Esprit Stones IPO Objectives:
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to the Issue (“Net Proceeds”) are proposed to be utilised for the following objects:
- Funding Working Capital requirement of the Company
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
- General Corporate Purpose
Esprit Stones IPO Review (Apply or Not)
- Update soon.
Esprit Stones IPO Date & Price Band Details:
| IPO Open: | July 26, 2024 |
| IPO Close: | July 30, 2024 |
| IPO Size: | Approx ₹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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Esprit Stones IPO Lot Size:
The Esprit Stones IPO requires a minimum market lot of 1,600 shares, with an application amount of ₹139,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹139,200 |
| Retail Maximum | 1 | 1600 | ₹139,200 |
| S-HNI Minimum | 2 | 3,200 | ₹278,400 |
Esprit Stones IPO Timeline:
The Esprit Stones IPO is scheduled to open on July 26 and close on July 30. The allotment date is set for July 31, with a potential listing on August 2.
| 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 GMP Today:
The latest Grey Market Premium (GMP) for the Esprit Stones SME IPO is ₹15. With a price band of ₹87.00, the estimated listing price is ₹102 (cap price plus today’s GMP). This indicates an expected percentage gain of approximately 17.24% per share.
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹190.03 | ₹166.35 | ₹18.51 |
| 2023 | ₹176.07 | ₹170.75 | ₹3.56 |
| 2024 | ₹274.78 | ₹260.68 | ₹10.32 |
Esprit Stones IPO Valuation – FY2024
Check Esprit Stones IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) 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
- NA
Company Promoters
- Sunilkumar Lunawath
- Nitin Gattani
- Pradeepkumar Lunawath
- Sangeeta Gattani
- Anushree Lunawath
- Siddhanth Lunawath
Esprit Stones IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jinesh@srujanalpha.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Esprit Stones IPO Allotment Status
Check Esprit Stones IPO allotment status on Link Intime website URL. Click Here
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: https://espritstones.com/
Esprit Stones IPO FAQs
1. What are the key dates for the Esprit Stones IPO?
- IPO Opening Date: July 26, 2024
- IPO Closing Date: July 30, 2024
- Allotment Date: July 31, 2024
- Expected Listing Date: August 2, 2024
2. What is the price band for the Esprit Stones IPO?
- The price band for the Esprit Stones IPO is set between ₹82 and ₹87 per share.
3. What is the minimum number of shares that I can apply for?
- The minimum market lot for the Esprit Stones IPO is 1,600 shares.
4. How much will the application amount be for the minimum lot?
- The application amount for the minimum lot of 1,600 shares is ₹139,200.
5. What is the Grey Market Premium (GMP) for the Esprit Stones IPO?
- As of July 23, 2024, the GMP is ₹15.
6. What is the estimated listing price for the Esprit Stones IPO?
- Based on the current GMP of ₹15 and a cap price of ₹87.00, the estimated listing price is ₹102 per share.
7. What is the expected percentage gain or loss per share?
- The expected percentage gain per share is approximately 17.24%.
8. What does Esprit Stones do?
- Esprit Stones specializes in manufacturing engineered stones, including quartz and marble surfaces. They are known for their wide range of colors, styles, and textures, with a focus on quality and innovation.
9. When will the IPO be listed on the stock exchange?
- The Esprit Stones IPO is expected to be listed on August 2, 2024.
10. How can I apply for the Esprit Stones IPO?
You can apply for the IPO through your stockbroker or trading account. Ensure you meet the minimum lot requirements and submit your application before the closing date.
