Issue Price
₹ 82-₹ 87
per equity share
Issue Size
41.82 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1600
equity share
Please note
Listing at NSE
Esprit Stones Limited
Important Dates
IPO Open Date
26 Jul 2024
IPO Close Date
30 Jul 2024
Allotment Date
31 Jul 2024
Initiation of Refunds
01 Aug 2024
Credit of Shares to Demat Account
01 Aug 2024
IPO Listing Date
02 Aug 2024
UPI Mandate Expiry Date
30 Jul 2024
IPO Details
Esprit Stones is open for subscription from Friday, July 26, 2024, and closing on Tuesday, July 30, 2024. The price band for this IPO is set to Rs 82 - 87 per share. Esprit Stones IPO is offering a book-built public issue of an entirely fresh issue of Rs 39 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, July 31, 2024. The IPO will be listed on the NSE SME segment on Friday, August 2, 2024. The minimum lot size set for the retail category is 1 lot, i.e., 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares, the minimum investment amount required is Rs 2,78,400 for HNI Category. The IPO is managed by Choice Capital Advisors Private Limited and Srujan Alpha Capital Advisors Llp which is the lead managers of the firm. The company has appointed Link Intime India Private Limited as the registrar for the issue.
Seize the deal, apply for IPO today!
Apply for IPOAbout Esprit Stones Limited
Esprit Stones Limited, established in 2016, specializes in manufacturing engineered quartz and marble surfaces. Their primary facility boasts three pressing lines and two polishing lines, capable of producing 7.2 million square feet annually. The company has expanded to include a second facility for quartz grit and powder production and a third for unsaturated polyester resin manufacturing. Esprit Stones holds multiple certifications, including ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard. As of May 2024, the company employed 295 people across various departments.
Parent Organisation
-
Founded
2016
Managing Director
Sunilkumar Lunawath
IPO Objectives
The net proceeds are proposed by the firm to be utilised for funding the working capital requirement of the firm, investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and/or prepayment in part or full of its outstanding borrowings, investment in HSPL for funding its working capital requirement, and rest into general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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