HomeIPO SMEEarthstahl & Alloys IPO Details

Earthstahl & Alloys IPO Details

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Subscription StatusAllotment StatusListing 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

Earthstahl Alloys IPO

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)

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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

DescriptionIPO Details
Public IssueInitial Public Issue of upto 32,40,000 Equity Shares of ₹ 10 (aggregating up to ₹ 12.96 Cr)
Issue Open Date27-Jan-23
Issue Close Date31-Jan-23
Issue TypeFixed Price
IPO Price Band₹ 38 – ₹ 40
Face Value₹ 10
Market Lot3000 Equity Shares and in multiples thereof
Minimum Order Quantity3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingBSE SME
IPO Market Timings10.00 a.m. to 5.00 p.m.

Earthstahl & Alloys IPO DRHP & RHP

Earthstahl & Alloys IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 120,000
Maximum13000₹ 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

Bid / Offer Opens on27-Jan-23
Bid / Offer Closes on31-Jan-23
Finalisation of Basis of Allotment03-Feb-23
Initiation of refunds06-Feb-23
Credit of the Equity Shares07-Feb-23
Listing Date08-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?

Check the step by step process here – Click here

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