EarthStahl & Alloys IPO GMP, Date, Price, Review, Allotment

EarthStahl & Alloys IPO GMP,Date, Price, Review, Allotment:

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.

EarthStahl & Alloys IPO GMP

It includes 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.

EarthStahl & Alloys IPO GMP

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.

EarthStahl & Alloys IPO GMP

These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.

EarthStahl & Alloys IPO  Details

IPO Open: January 27, 2023
IPO Close: January 31, 2023
IPO Size: Approx ₹12.96 Crores, 32,40,000 Equity Shares
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹38 to ₹40 Per Equity Share
IPO Listing on: BSE SME
Retail Quota: 35% of the net offer
QIB Quota: 50% of the net offer
NII Quota: 15% of the net offer
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here

EarthStahl & Alloys IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹120,000
Retail Maximum 1 3000 ₹120,000
S-HNI Minimum 2 6000 ₹240,000

Important Dates

IPO Open Date: January 27, 2023
IPO Close Date: January 31, 2023
Basis of Allotment: February 3, 2023
Refunds: February 6, 2023
Credit to Demat Account: February 7, 2023
IPO Listing Date: February 8, 2023

Earthstahl & Alloys IPO GMP Today

Objects of the IPO

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. 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.)
  2. To meet Working Capital requirements
  3. General Corporate Purpose
  4. To meet issue expenses

Earthstahl & Alloys Offer Lead Manager

904, A Wing, Naman Midtown,
Senapati Bapat Marg,
Elphinstone Road, Lower Parel,
Mumbai-400013, India
Phone :+91- 022- 49060000

Company Promoters

  • Ravi Thakurdasji Laddha
  • Rajesh Somani
  • Prawin Somani
  • Padam Kumar Jain

EarthStahl & Alloys IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

Allotment Status

Check EarthStahl & Alloys IPO allotment status on Bigshare website URL. Click Here

Company Address

EarthStahl & Alloys Limited
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate Raipur,
Chhattisgarh – 492001
Tel No: +91-8120009626


When EarthStahl & Alloys IPO will open?

The IPO is to open on January 27, 2023 for NII, and Retail Investors.

What is EarthStahl & Alloys IPO Price Band?

EarthStahl & Alloys IPO Price Band is ₹38 to ₹40 per equity share.

What are Investors Portion?

QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the EarthStahl & Alloys IPO?

You can apply EarthStahl & Alloys IPO via ASBA online via your bank account. You can also apply for online via UPI through your stock brokers.

What is EarthStahl & Alloys IPO Size?

EarthStahl & Alloys IPO size is ₹12.96 crores.

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