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.
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.
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.
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:
- 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
Earthstahl & Alloys Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg,
Elphinstone Road, Lower Parel,
Mumbai-400013, India
Phone :+91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
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
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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
E-mail: secretarial@earthstahl.com
Website: www.earthstahl.com
FAQs
When EarthStahl & Alloys IPO will open?
What is EarthStahl & Alloys IPO Price Band?
What are Investors Portion?
QIB is 50%, NII is 15%, and Retail is 35%.
