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Esprit Stones SME IPO Details 2024

SME IPO Status: Listed [26th Jul 2024 to 30th Jul 2024]

Rated 3/5 by Team InvestorGain
Esprit Stones SME IPO Detail

Esprit Stones IPO, a SME IPO of ₹50.42 Cr was launced on 26-07-2024 to 30-07-2024 and the shares got listed on NSE SME on 02-08-2024.

The public issue of Esprit Stones IPO (ESPRIT) was offered at ₹87.00 per share and the ipo was listed at ₹93.15. It has delivered listing gain of 7.07%.

As the minimum lot size was 1600 shares, the IPO has offered Rs 9840.00 per lot return on listing.

Esprit Stones SME IPO Details

SME IPO Issue Opening Date: 26th Jul 2024
SME IPO Issue Closing Date: 30th Jul 2024
SME IPO Issue Price: ₹82.00-87.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: NSE SME
Retail Quota: Not less than 35% of the Net Issue
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹50.42 Cr
Fresh Issue: ₹50.42 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 100.00%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
NSE Code: ESPRIT

Esprit Stones SME IPO Important Dates

Get important updates regarding Esprit Stones SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Esprit Stones SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 31st Jul 2024
Refunds Initiation* 1st Aug 2024
Credit of Shares to Demat* 1st Aug 2024
SME IPO Listing Date* 2nd Aug 2024

* - Tentative Dates

Esprit Stones SME IPO Lots

SME IPO Activity Date
Issue Price ₹82.00-87.00
Market Lot: 1600 Shares
1 Lot Amount: ₹139200
Min HNI Lots: 3200 shares (2 lots)- ₹278400

Esprit Stones IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
02-08-202487.003340100₹120 (37.93%)2-Aug-2024 10:28
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Esprit Stones

Esprit Stones Limited was incorporated in October 2016 and is principally engaged in the manufacture of engineered stones such as:

  1. Engineered quartz surfaces and
  2. Engineered marble surfaces. The company mainly manufactures quartz surfaces and also marble surfaces through its subsidiary HSPL. The Company is one of the largest suppliers of engineered stone in India.

The company has adapted its manufacturing processes to maximize the consistency, quality, durability and crack resistance of its engineered stones while enhancing their smoothness and luster. Together with its research and development capabilities and manufacturing expertise, the company is able to develop a range of esthetically diverse designs for its products.

Its business model aims to strengthen its product portfolio through continuous investment in product innovation, supported by strong research and development initiatives, marketing activities and building long-term relationships with its existing and new customers.

Esprit Stones SME IPO Strengths

  • Prominent player in the high growth engineered stones market.
  • Focus on quality and innovation.
  • Backward integration.
  • Strategic location and state-of-the-art manufacture facilities.
  • Experienced promoters with strong management team and dedicated workforce.
Incorporation Sector IPO Issue Size Website
2016 Granites & Marbles ₹50.42 Cr https://espritstones.com/

Esprit Stones SME IPO Objective

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:

  1. Funding Working Capital requirement of the Company
  2. Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
  3. Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
  4. General Corporate Purpose

Our experts can help you prepare for SME IPO

Esprit Stones SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,075,200 Shares
  • Non-Institutional Investors: 806,400 Shares
  • Retail Individual Investor: 1,881,600 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,075,200 (27.63%)806,400 (20.72%)1,881,600 (48.36%)3,891,200
126th Jul 2024 19:320.00x1.45x3.64x2.07x
229th Jul 2024 19:323.50x15.60x27.44x17.49x
330th Jul 2024 18:22117.63x399.58x145.75x185.82x

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets27,459.3523,802.2418,069.74
Revenue27,477.8217,606.5219,002.60
Profit After Tax1,031.73355.721,850.53
Net Worth7,238.806,227.815,893.32
Reserves and Surplus5,623.805,277.814,943.32
Total Borrowing12,541.9111,879.555,799.76
Amount in ₹ Lakhs

Esprit Stones SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Esprit Stones Limited6.296.2944.8213.6215.09
Pokarna Ltd.28.1828.18191.0525.3315.89Consolidated
Pacific Industries Ltd17.2317.23629.1616.432.78Consolidated
Global Surfaces Limited4.414.4177.9851.346.68Consolidated
Elegant Marbles & Grani Industries Ltd.11.4211.42436.8323.693.44Consolidated

Company Address

Esprit Stones Limited
SP1, Udyog Vihar,
Sukher Industrial
Udaipur,Rajasthan-313004
India
Website: https://espritstones.com/
Phone: +91 91166 52582
Email: [email protected]

Esprit Stones SME IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
Esprit Stones SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Esprit Stones? Should I apply in Esprit Stones SME IPO?

Last Updated on 12-Aug-2024 16:07:57

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Esprit Stones SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Esprit Stones SME IPO with Zerodha.

Alternate approch to apply in Esprit Stones SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Esprit Stones SME IPO Review and Important Updates

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Apply in Esprit Stones SME IPO online

To subscribe or apply in Esprit Stones SME IPO, you can use the following methods:

MethodDetails
Esprit Stones SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Esprit Stones SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Esprit Stones SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Esprit Stones SME IPO. Most of the Syndicate Banks provide access to apply in Esprit Stones IPO via ASBA process. You must have your net banking access, DP ID information to apply in Esprit Stones SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Esprit Stones SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Esprit Stones SME IPO Review and Important Updates

Other relevant question on same topics are:

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Esprit Stones SME IPO Application is not yet available.

 

Esprit Stones SME IPO is going to be list on 02-08-2024. NSE Code for Esprit Stones is ESPRIT.

Other relevant questions:

When Esprit Stones SME IPO will be listing? Esprit Stones SME IPO NSE listing date?Esprit Stones SME IPO date of listing

 

Esprit Stones SME IPO Allotment Date is 31-07-2024.

Other relevant questions:

Esprit Stones SME IPO share allotment date?Esprit Stones SME IPO allotment date?

 


User Reviews

4. ZMskyuza Jul 21 2024 10:53:55 PM Reply
Esprit Stones SME IPO expected listing gain.
3. ZMskyuza Jul 21 2024 10:53:55 PM Reply
Please confirm Esprit Stones SME IPO GMP (grey market premium) and kostak.
2. ZMskyuza Jul 21 2024 10:53:55 PM Reply
Esprit Stones SME IPO good or bad.
1. ZMskyuza Jul 21 2024 10:53:55 PM Reply
Esprit Stones SME IPO whether to invest or not.