IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size32,40,000 shares (aggregating up to ₹12.96 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 27 Jan 2023
Subscription CloseTue, 31 Jan 2023
Anchor AllotmentThu, 26 Jan 2023
Basis of AllotmentFri, 03 Feb 2023
Initiation of RefundsMon, 06 Feb 2023
Credit of Shares to DematTue, 07 Feb 2023
Listing DateWed, 08 Feb 2023
UPI Mandate Deadline2023-01-31
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
P/E Ratio (Pre-IPO)4.22x
Net Offer to Public30,72,000 shares (aggregating up to ₹12.29 Cr)
Reserved for Market Maker1,68,000 shares (aggregating up to ₹0.6720 Cr)
Pre-IPO Promoter Holding90,00,000 shares
Post-IPO Promoter Holding1,22,40,000 shares
About Earthstahl & Alloys Ltd
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.
Objects of the Issue
Earthstahl & Alloys Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
90,00,000 shares
Post-IPO Promoter Holding
1,22,40,000 shares