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SME IPO Status: Listed [27th Jan 2023 to 31st Jan 2023]
Earthstahl & Alloys Limited offers a SME IPO issue size of 32,40,000 equity share worth of Rs 12.96 Cr. Opening for subscription from 27 Jan to 31 Jan 2023. The face value of the equity share is Rs 10 per share and the issue price band is ranged from Rs 38 - Rs 40 per share. along with the minimum lot size of 3000 shares
Check out Earthstahl & Alloys Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 27th Jan 2023 |
| SME IPO Issue Closing Date: | 31st Jan 2023 |
| SME IPO Issue Price: | ₹38-40 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹12.96 Cr |
| Fresh Issue: | ₹12.96 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.53% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543765 |
Get important updates regarding Earthstahl & Alloys SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Feb 2023 |
| Refunds Initiation* | 6th Feb 2023 |
| Credit of Shares to Demat* | 7th Feb 2023 |
| SME IPO Listing Date* | 8th Feb 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹38-40 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 08-02-2023 | 40 | 18 | 45000 | ₹58 (45%) | 8-Feb-2023 9:07 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Earthstahl & Alloys Ltd was established in 2012. They started their operations of manufacturing cast iron in the initial years with one submerged electric arc furnace with capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. of Cast iron Lumps and thereafter in the year 2017 this company forayed into the Ductile Iron Pipes fittings segment to cater to the growing water infrastructure requirements in the country for which we commissioned Lost Foam based Steel Foundry consisting of one induction furnace with two crucibles, one of 500 KG and another 1000 KG to produce Ductile iron pipe fittings of different dimensions, shapes and sizes used in water supply system.
They are using waste generated by integrated steel plants, sponge iron plants and rolling mills in our manufacturing process as raw material and recover iron from the left out waste, thus conserving the environment. The plant is located near to the source of raw material i.e. Bhilai Steel Plant of SAIL and other pellet and sponge iron plants located in Raipur and surrounding area. Strategic location of our manufacturing facility ensures our access to ferrous waste, steel scrap, pig iron (steel grade), carburizer, ferro alloys and other raw materials like: coal, coke and dolomite required in manufacturing process forming a substantial part of cost of production at a low logistic cost.
It's manufacturing facility is equipped with requisite infrastructure including machineries, testing laboratory other handling equipment to facilitate smooth manufacturing process. Ductile iron casting is highly sensitive to raw material characteristics that would help obtain the desired product quality.
| Incorporation | Sector | IPO Issue Size | Website |
| 2012 | Iron & Metals | ₹12.96 Cr | http://www.earthstahl.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 918,000 (29.88%) | 1,077,000 (35.06%) | 1,077,000 (35.06%) | 3,072,000 | |
| 1 | 27th Jan 2023 16:59 | 2.58x | 5.46x | 9.61x | 6.05x |
| 2 | 30th Jan 2023 17:01 | 4.26x | 16.32x | 43.17x | 22.13x |
| 3 | 31st Jan 2023 19:00 | 39.83x | 445.09x | 191.77x | 235.18x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2990.73 | 3181.58 | -33.49 | 44.24 | 200.22 | 1733.71 |
| 31-Mar-21 | 2817.23 | 2457.53 | 267.31 | 311.55 | 467.53 | 1396.82 |
| 31-Mar-22 | 3592.61 | 4907.54 | 745.48 | 1057.03 | 1213.01 | 1399.97 |
| 30-Sep-22 | 4303.34 | 4824.68 | 580.47 | 1637.5 | 1793.48 | 1092.93 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 11-Feb-2023 20:30:08
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Earthstahl & Alloys SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Earthstahl & Alloys SME IPO with Zerodha.
Alternate approch to apply in Earthstahl & Alloys SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Earthstahl & Alloys SME IPO Review and Important Updates
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To subscribe or apply in Earthstahl & Alloys SME IPO, you can use the following methods:
| Earthstahl & Alloys SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Earthstahl & Alloys SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Earthstahl & Alloys SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Earthstahl & Alloys SME IPO. Most of the Syndicate Banks provide access to apply in Earthstahl & Alloys IPO via ASBA process. You must have your net banking access, DP ID information to apply in Earthstahl & Alloys SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Earthstahl & Alloys SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Earthstahl & Alloys SME IPO Review and Important Updates
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Earthstahl & Alloys SME IPO is going to be list on 08-02-2023. NSE Code for Earthstahl & Alloys is . BSE Code for Earthstahl & Alloys is 543765.
Other relevant questions:
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Earthstahl & Alloys SME IPO Allotment Date is 03-02-2023.
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