Esprit Stones Limited

26 Jul 2024 - 30 Jul 2024 Individual Category SME NSE

Min Investment

₹262400

Price Band

₹82-₹87

Issue Size

41.82 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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26 Jul 2024

Open Date

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30 Jul 2024

Close Date

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31 Jul 2024

Allotment Date

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02 Aug 2024

Listing Date

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.

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About 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.

Founded

2016

Managing Director

Sunilkumar Lunawath

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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