| Subscription Status | Allotment Status | Listing Date |
Earthstahl Alloys IPO subscription is to open on Jan 27, 2023 and will close on Jan 31, 2023, the price band of the Earthstahl & Alloys IPO is fixed at ₹ 38 – ₹ 40. Earthstahl & Alloys engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings
Table of Contents
About Earthstahl & Alloys
Earthstahl & Alloys engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. Cast Iron Lumps are used as raw material in the steel foundries 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. Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes
Objects of the Issue
- Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at the manufacturing facility at Village Duldula, Baloda Bazar (C.G.)
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Earthstahl & Alloys Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakhs) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 3,592.61 | 2,817.23 | 2,990.73 |
| Total income | 4,907.54 | 2,457.53 | 3,181.58 |
| Total Expenses | 3,817.74 | 2,115.29 | 3,217.55 |
| Profit After Tax | 745.48 | 267.31 | (33.49) |
Earthstahl Alloys IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 32,40,000 Equity Shares of ₹ 10 (aggregating up to ₹ 12.96 Cr) |
| Issue Open Date | 27-Jan-23 |
| Issue Close Date | 31-Jan-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 38 – ₹ 40 |
| Face Value | ₹ 10 |
| Market Lot | 3000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 3000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | EARTH |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Earthstahl & Alloys IPO DRHP & RHP
Earthstahl & Alloys IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 3000 | ₹ 120,000 |
| Maximum | 1 | 3000 | ₹ 120,000 |
Earthstahl & Alloys IPO Lead Managers
- Hem Securities Limited
Earthstahl & Alloys IPO Registrar
Earthstahl & Alloys IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 27-Jan-23 |
| Bid / Offer Closes on | 31-Jan-23 |
| Finalisation of Basis of Allotment | 03-Feb-23 |
| Initiation of refunds | 06-Feb-23 |
| Credit of the Equity Shares | 07-Feb-23 |
| Listing Date | 08-Feb-23 |
Company Registered Office
Merlin Jayshree Vihar,
Mohani 5 B, Pandri Tarai,
Mandi Gate Raipur,
Chhattisgarh- 492001
Website: www.earthstahl.com
Company Promoters
- Ravi Thakurdasji Laddha,
- Rajesh Somani,
- Prawin Somani, and
- Padam Kumar Jain
Earthstahl & Alloys IPO – FAQS
What is the Earthstahl Alloys IPO Price?
The Earthstahl Alloys IPO price band is ₹ 38 – ₹ 40 per share
When Earthstahl Alloys IPO will open?
The Earthstahl Alloys IPO opens on Jan 27, 2023 and closes on Jan 31, 2023
What is the lot size of Earthstahl Alloys IPO?
The Earthstahl Alloys IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares
Who is the Registrar for Earthstahl Alloys IPO?
The Registrar for Earthstahl Alloys IPO is Bigshare Services Private Limited
How to apply in Earthstahl & Alloys IPO through UPI?
Check the step by step process here – Click here
How to apply in Earthstahl & Alloys IPO through Zerodha?
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