Earthstahl & Alloys Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 918,000 (28%) | — | ₹367 Cr |
| NII (HNI) | — | 1,077,000 (33%) | — | ₹431 Cr |
| Retail | — | 1,077,000 (33%) | — | ₹431 Cr |
| Market Maker | — | 168,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 3,240,000 (100%) | — | ₹12,960 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 4,825 | 4,908 | 2,458 |
| Profit After Tax | 580 | 745 | 267 |
| Net Worth | 1,638 | 1,057 | 312 |
| Total Assets | 4,303 | 3,593 | 2,817 |
| Reserves & Surplus | 1,793 | 1,213 | 468 |
| Total Borrowing | 1,093 | 1,400 | 1,397 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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.) – 9.44
- To meet Working Capital requirements – 1.00
- General Corporate Purpose – 1.19
Company Overview
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.