Earthstahl & Alloys IPO will be Open on 27 January 2023 and closes on 31 January 2023. The company has fixed the price of this IPO at ₹38-₹40 according to the face value of ₹10. The company will raise ₹12.96 Crores through this IPO under the 32,40,000 Equity Shares public issue. And the offer is 100% Book Building Issue. The company reserve quota in this IPO 30% for QIB, 35% for NII and 35% Retail Investor. You can check Earthstahl & Alloys IPO GMP here.
Earthstahl & Alloys Limited is 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.
The Company started our 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. of Cast iron Lumps in 2017 and now 15,750 tonnes p.a. of cast iron lumps in 2022. You can check Earthstahl & Alloys IPO subscription status here.
The company 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 company approved vendor for supply of ductile iron pipe fittings to Rural Water Supply & Sanitation, Odisha, Maharashtra Jeevan Pradhikaran.
The company has also received approval from Water Regulations Approval Scheme Ltd, UK for supply of the same in United Kingdom. Currently the company sell our products primarily in the state of West Bengal, Punjab, Orissa, Gujarat, Madhya Pradesh and Maharashtra. You can check Earthstahl & Alloys IPO Allotment status here.
Objects Of The Issue :
- Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at our manufacturing facility at Village Duldula, Baloda Bazar (C.G.)
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Company Strengths :
- Strong Value Proposition
- Locational Advantage
- Low Set-up Cost
- Established brand and reputation
- Rich Management Experience
- Progressive Employer
- Quality Service
| Read also: Upcoming IPO List 2023 |
Earthstahl & Alloys IPO Review :
■ Apply For Long Term
Earthstahl & Alloys IPO GMP Live:
Earthstahl & Alloys IPO GMP Or Grey Market Premium Available Here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and Stable Some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 30 Jan 2023 | ₹10-₹12 | ₹45000 |
| 29 Jan 2023 | ₹16-₹18 | ₹45000 |
| 28 Jan 2023 | ₹16-₹18 | ₹45000 |
| 27 Jan 2023 | ₹15-₹16 | ₹0 |
Earthstahl & Alloys IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 27 January 2023 |
| IPO Close : | 31 January 2023 |
| IPO Size : | ₹12.96 Cr {32,40,000 Share} |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹38-₹40 Per Share |
| Listing On : | BSE, SME |
| Issue Size : | ₹12.96 Cr {32,40,000 Share} |
| Fresh Issue : | ₹12.96 Cr {32,40,000 Share} |
| Offer For Sale : | ₹. Cr |
Earthstahl & Alloys IPO Market Lot :
Earthstahl & Alloys IPO Minimum Market lot is 1 Lot with 3000 shares with ₹120,000 Application amount. The retail investors can apply up to 1 lots with 3000 Shares or ₹120,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 3000 | ₹112,000 |
| Retail (Max) : | 1 | 3000 | ₹112,000 |
| S-HNI (Min) : | 2 | 6000 | ₹240,000 |
Earthstahl & Alloys IPO Shares Offer :
A Total of 32,40,000 shares are to be bid for the public issue by Earthstahl & Alloys IPO with 32,40,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 32,40,000 | ₹12.96 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 32,40,000 | ₹12.96 Cr |
Earthstahl & Alloys IPO Reservation :
Earthstahl & Alloys IPO Total Reservation of 32,40,000 shares are to be bid for the public issue by Earthstahl & Alloys IPO with 9,21,600 for QIB and 10,75,200 for NII 1,075,200 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 30% | 9,21,600 | ₹3.69 Cr |
| NII : | 35% | 1,075,200 | ₹4.30 Cr |
| RII : | 35% | 1,075,200 | ₹4.30 Cr |
| MMRP : | – % | – | ₹- |
| Total : | 100% | 32,40,000 | ₹12.29 Cr |
Earthstahl & Alloys IPO Dates :
Earthstahl & Alloys IPO Date is 27 January 2023 and closes on 31 Janaury 20023. The allotment will be finalized on 03 February 2023 and the IPO may list on 08 February 2023.
| Issue Open Date : | 27 January 2023 |
| Issue Close Date : | 31 January 2023 |
| Allotment Date : | 03 February 2023 |
| Refund Date : | 06 February 2023 |
| Share Credit Date : | 07 February 2023 |
| Listing Date : | 08 February 2023 |
Earthstahl & Alloys IPO Form :
There are two ways to apply in Earthstahl & Alloys IPO. You can apply for Earthstahl & Alloys IPO through ASBA available in your bank account. You have to go to your online bank login and select Earthstahl & Alloys IPO in the Invest section and apply through your bank account. Another option is you can apply Earthstahl & Alloys IPO through IPO form download through NSE and BSE. See the Earthstahl & Alloys IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Earthstahl & Alloys Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2022 Sep | ₹4,824.68 | ₹4,041.69 | ₹580.47 |
| 2022 | ₹4,907.54 | ₹3,817.74 | ₹745.48 |
| 2021 | ₹2,457.53 | ₹2,115.29 | ₹267.31 |
| 2020 | ₹3,181.58 | ₹3,217.55 | ₹33.49 |
Company Promoters :
■ Prawin Somani
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Earthstahl & Alloys IPO Lead Managers :
■ Hem Securities Limited
Earthstahl & Alloys IPO Registrar :
Bigshare Services Private Limited
Address: – S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road
Andheri (East), Mumbai 400093
Maharashtra, India.
Telephone: +91-022-6263 8200
Fax No.: +91-022-6263 8299
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com
Note: Check Earthstahl & Alloys IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Earthstahl & Alloys Limited
Merlin Jayshree Vihar,
Mohani 5 B, Pandri Tarai,
Mandi Gate Raipur
Chhattisgarh 492001 India.
Tel. No.: +91 8120009625
Email: [email protected]
Website: www.earthstahl.com
Earthstahl & Alloys IPO FAQs :
What is Earthstahl & Alloys IPO?
Earthstahl & Alloys IPO is SME IPO. They are going to raise ₹12.96 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO to be listed on BSE, SME.
When Earthstahl & Alloys IPO will open?
The IPO is to open on 27 Jan – 31 Jan for QIB, NII & RII.
What is Earthstahl & Alloys IPO Size?
Earthstahl & Alloys IPO size is ₹12.96 Crores.
What is the Fresh issue size of Earthstahl & Alloys IPO?
The Fresh issue size of Earthstahl & Alloys IPO ₹12.96 Cr.
What is the Offer For Sale size of Earthstahl & Alloys IPO?
The Offer For Sale size of Earthstahl & Alloys IPO ₹0 Cr.
What is Earthstahl & Alloys IPO Price Band?
Earthstahl & Alloys IPO Price Band is ₹40 Per share.
What is Earthstahl & Alloys IPO Minimum and Maximum Lot Size?
The minimum bid is 3000 Shares with ₹112,000 amount while the maximum bid is 3000 shares with ₹112,000.
What is Earthstahl & Alloys IPO Investors Portion?
The investors’ portion for QIB 30%, NII 35%, RII 35%.
What is Earthstahl & Alloys IPO Allotment Date?
Earthstahl & Alloys IPO allotment date is 03 February 2023.
What is Earthstahl & Alloys IPO Listing Date?
Earthstahl & Alloys IPO listing date is 08 February 2023. The IPO to list on BSE, SME.
How to Apply the Earthstahl & Alloys IPO through Zerodha?
“You Can Apply SME IPO in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Earthstahl & Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Earthstahl & Alloys IPO through Upstox?
“BSE SME IPO is Not Apply in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Earthstahl & Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Earthstahl & Alloys IPO through Groww?
“NSE SME IPO is Not Apply in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Earthstahl & Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Earthstahl & Alloys IPO through Paytm Money?
“BSE SME IPO is Not Apply in Paytm Money“.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Earthstahl & Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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