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Earthstahl & Alloys Limited IPO (Earthstahl & Alloys IPO) Detail

Jan 27, 2023 - Jan 31, 2023

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.

Company Financials

Earthstahl & Alloys Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202990.733181.58-33.4944.24200.221733.71
31-Mar-212817.232457.53267.31311.55467.531396.82
31-Mar-223592.614907.54745.481057.031213.011399.97
30-Sep-224303.344824.68580.471637.51793.481092.93
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  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.)
  2. To meet Working Capital requirements
  3. General Corporate Purpose
  4. To meet issue expenses

Earthstahl & Alloys IPO Details

IPO Date Jan 27, 2023 to Jan 31, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹38 to ₹40 per share
Lot Size 3000 Shares
Issue Size3,240,000 shares of ₹10
(aggregating up to ₹12.96 Cr)
Fresh Issue3,240,000 shares of ₹10
(aggregating up to ₹12.96 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
QIB Shares Offered30% of the Net Issue
NII (HNI) Shares Offered35% of the Net Issue
Retail Shares Offered35% of the Net Issue
Market MakerHEM SECURITIES LTD.
Company Promoters

Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.

Earthstahl & Alloys IPO Tentative Timetable

Earthstahl & Alloys IPO opens on Jan 27, 2023, and closes on Jan 31, 2023. The Earthstahl & Alloys IPO bid date is from Jan 27, 2023 10.00 A.M. to Jan 31, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 27, 2023
Closing Date Jan 31, 2023
Basis of Allotment Feb 3, 2023
Initiation of Refunds Feb 6, 2023
Credit of Shares to Demat Feb 7, 2023
Listing Date Feb 8, 2023

Earthstahl & Alloys IPO Lot Size

The Earthstahl & Alloys IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
HNI (Min) 2 6,000 ₹240,000

Earthstahl & Alloys IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 73.53%

Earthstahl & Alloys IPO Review

Based on FY23 annualized earnings, the issue is lucratively priced. Super earnings shown by the company for the past 18 months and its sustainability is a major concern. Well-informed cash surplus investors may park funds for medium to long-term rewards. Read detail review...


Earthstahl & Alloys IPO Subscription Status (Bidding Detail)

The Earthstahl & Alloys IPO is subscribed 235.18 times on Jan 31, 2023 6:58:00 PM. The public issue subscribed 191.77 times in the retail category, 39.83 times in the QIB category, and 445.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB39.83
NII445.09
Retail191.77
Total235.18

Earthstahl & Alloys IPO Prospectus

Earthstahl & Alloys IPO Rating

292
4.3
Rating:Rated 4.3 stars
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Company Contact Information

Earthstahl & Alloys Limited
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate,
Raipur- 492001
Phone: +91-8120009626
Email: secretarial@earthstahl.com
Website: http://www.earthstahl.com/

Earthstahl & Alloys IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Earthstahl & Alloys IPO Review

Earthstahl & Alloys IPO Recommendation Summary

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Members 0 0 1

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Earthstahl & Alloys IPO FAQs

Earthstahl & Alloys IPO is a SME IPO of 3,240,000 equity shares of the face value of ₹10 aggregating up to ₹12.96 Crores. The issue is priced at ₹38 to ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Jan 27, 2023, and closes on Jan 31, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Earthstahl & Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Earthstahl & Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Earthstahl & Alloys IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Earthstahl & Alloys IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Earthstahl & Alloys IPO opens on Jan 27, 2023 and closes on Jan 31, 2023.

Earthstahl & Alloys IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Earthstahl & Alloys IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Earthstahl & Alloys IPO will be done on Feb 3, 2023, and the allotted shares will be credited to your demat account by Feb 7, 2023. Check the Earthstahl & Alloys IPO allotment status.

The Earthstahl & Alloys IPO listing date is not yet announced. The tentative date of Earthstahl & Alloys IPO listing is Feb 8, 2023.
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