Earthstahl & Alloys Limited IPO (Earthstahl & Alloys IPO) Detail

 

Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material 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.

The other primary product of the company, i.e., Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes.

The manufacturing unit of Earthstahl & Alloys Limited is located in the village of Duldula nearby Raipur, Chhattisgarh, and is spread across an area of around 4.73 hectares of land.

Alongside the efficient manufacturing and delivery of Cast iron Lumps and Ductile iron pipe fittings, the entity is also expanding its horizon by producing parts or components of plant and machinery with the help of foam molds. These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.

Earthstahl & Alloys IPO Details

Earthstahl & Alloys IPO is a Book Built Issue. The IPO total issue size is Rs 12.96 Cr. The Earthstahl & Alloys IPO price is ₹38 to ₹40 per share. The IPO will list on BSE SME.

IPO Date	Jan 27, 2023 to Jan 31, 2023
Listing Date	Feb 8, 2023
Face Value	₹10 per share
Price	₹38 to ₹40 per share
Lot Size	3000 Shares
Total Issue Size	3,240,000 shares (aggregating up to ₹12.96 Cr)
Fresh Issue	3,240,000 shares (aggregating up to ₹12.96 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Market Maker portion	168,000 shares

Earthstahl & Alloys IPO Reservation

Earthstahl & Alloys IPO a total of 3,240,000 shares are offered. QIB: 918,000 (28.33%), RII: 1,077,000 (33.24%), NII: 1,077,000 (33.24%).

Anchor Investor Shares Offered	-
Market Maker Shares Offered	168,000 (5.19%)
QIB Shares Offered	918,000 (28.33%)
NII (HNI) Shares Offered	1,077,000 (33.24%)
Retail Shares Offered	1,077,000 (33.24%)
Total Shares Offered	3,240,000 (100%)

Earthstahl & Alloys IPO Timetable (Tentative)

Earthstahl & Alloys IPO opens on Jan 27, 2023, and closes on Jan 31, 2023.

IPO Open Date	Friday, 27 January 2023
IPO Close Date	Tuesday, 31 January 2023
Basis of Allotment	Friday, 3 February 2023
Initiation of Refunds	Monday, 6 February 2023
Credit of Shares to Demat	Tuesday, 7 February 2023
Listing Date	Wednesday, 8 February 2023
Cut-off time for UPI mandate confirmation	5 PM on Jan 31, 2023

Earthstahl & Alloys IPO Lot Size

The minimum lot size of this Earthstahl & Alloys IPO is 3000 shares required is ₹120,000.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
HNI (Min)	2	6,000	₹240,000

Earthstahl & Alloys IPO Promoter Holding

Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	73.53%

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Key Performance Indicator

Earthstahl & Alloys IPO Market Cap is Rs 48.96 Cr and P/E (x) is 4.22.

KPI	Values
P/E (x)	4.22
Market Cap (₹ Cr.)	48.96