Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings.
The company started its operations of manufacturing cast iron in the year 2012 with one submerged electric arc furnace with capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. And in 2017 the company started its commercial production of Ductile Iron Pipes fittings segment to cater to the growing water infrastructure requirements.
The foundry is also capable of producing parts or components of plant and machinery/ automobiles using foam molds and therefore
the company can produce various parts of Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, Railway & Ductile Iron Pipes Fittings.
Earthstahl & Alloys manufacturing unit is located in the village Duldula about 50 KMs from Raipur, Chhattisgarh and is spread across an area of around 4.73 hectares of land. The companies manufacturing facility is equipped with requisite infrastructure including machineries, testing laboratory other handling equipment to facilitate smooth manufacturing process.
Earthstahl & Alloys IPO – Details
| IPO Opening Date | 27 January 2023 |
| IPO Closing Date | 31 January 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32,40,000 Shares Worth ₹12.96 Crore Fresh Issue: 32,40,000 Shares Worth ₹12.96 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹38 – ₹40 |
| Market Lot | 3000 Shares |
| Min Order1 | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Private Ltd |
| QIB Shares Offered | 30% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 35% |
Earthstahl & Alloys IPO – Date Schedule
| IPO Open Date | 27 January 2023 |
| IPO Close Date | 31 January 2023 |
| Basis of Allotment | 03 February 2023 |
| Initiation of Refunds | 06 February 2023 |
| Credit of Shares to Demat Account | 07 February 2023 |
| IPO Listing Date | 08 February 2023 |
Earthstahl & Alloys IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,20,000 |
| Maximum | 1 | 3000 | 1,20,000 |
Competitive Strengths
- Strategically located manufacturing plant resulting in cost and time efficiencies.
- Environment friendly manufacturing process generating Wealth from Waste.
- Quality Assurance.
- Diversified Client Base and long standing relationship with their customers.
- Experienced Promoters, Board and senior management team.
Company Promoters
- Ravi Thakurdasji Laddha
- Rajesh Somani
- Prawin Somani
- Padam Kumar Jain
Object 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 Public Issue Expenses.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 31.81 | 32.17 | -0.33 |
| 31 March 2021 | 24.57 | 21.15 | 2.67 |
| 31 March 2022 | 49.07 | 38.17 | 7.45 |
| 30 September 2022 | 48.24 | 40.41 | 5.80 |
Earthstahl & Alloys IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Earthstahl & Alloys IPO Prospectus
Company Contact Information
| Earthstahl & Alloys Limited Merlin Jayshree Vihar, Mohani 5 B, Pandri Tarai, Mandi Gate Raipur, Chhattisgarh- 492001 India. Phone: +91-8120009626 Email: secretarial@earthstahl.com Website: www.earthstahl.com |
Earthstahl & Alloys IPO Registrar
| Bigshare Services Private Ltd Phone: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
Earthstahl & Alloys IPO Lead Manager(s)
| 1. Hem Securities Ltd |
Earthstahl & Alloys IPO FAQs
| What is Earthstahl & Alloys IPO? Earthstahl & Alloys IPO is a SME IPO. The issue is priced at ₹38–₹40 per equity share. The IPO is to be listed on BSE SME. |
| When Earthstahl & Alloys IPO will open? The IPO is to open on 27 January 2023 for QIB, NII and Retail Investors. |
| What is Earthstahl & Alloys IPO Investors Portion? The investors’ portion for QIB-30%, NII-35%, and Retail-35%. |
| How to Earthstahl & Alloys IPO? You can apply Earthstahl & Alloys IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Earthstahl & Alloys IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Earthstahl & Alloys”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Earthstahl & Alloys IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Earthstahl & Alloys”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Earthstahl & Alloys IPO Size? Earthstahl & Alloys IPO size is ₹12.96 crores. |
| What is Earthstahl & Alloys IPO Price Band? Earthstahl & Alloys IPO Price Band is ₹38-₹40. |
| What is Earthstahl & Alloys IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the Earthstahl & Alloys IPO Allotment Date? Earthstahl & Alloys IPO allotment date is 03 February 2023. |
| What is the Earthstahl & Alloys IPO Listing Date? Earthstahl & Alloys IPO listing date is 08 February 2023. The IPO is to list on BSE SME. |
