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Esprit Stones Limited
Issue Size (Net)
up to Rs.50.20Cr
Price Band
Rs. 82 to Rs. 87
Issue Opens
July 26, 2024
Issue Closes
July 30, 2024

Company Highlights

1.Company Information

Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.

As of March 2024, the Manufacturing Facility I is equipped with three (3) pressing lines and two (2) polishing lines, with a production capacity of around 72 lakhs sq.ft. per annum. Additionally, we commissioned our Manufacturing Facility II to manufacture quartz grit and quartz powder, which is the primary raw material for the manufacture of engineered quartz.
The company manufactures unsaturated polyester resin, at the manufacturing facility three.
The company has been certified for ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications.

As of May 31, 2024, the company had 295 employees in various departments.

2. Objects of the Issue


1. Funding Working Capital requirement of the Company
2. Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
3. Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
4. General Corporate Purpose

3. Link Intime India Private Ltd

Phone:+91-22-4918 6270

Email:jinesh@srujanalpha.com

Website:https://linkintime.co.in/initial_offer/public-issues.html

Esprit Stones Limited Financial Information(Restated Standalone)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
27459.35
27477.82
1031.73
7238.80
5623.80
12541.91
31-Mar-23
23802.24
17606.52
355.72
6227.81
5277.81
11879.55
31-Mar-22
18069.74
19002.60
1850.53
5893.32
4943.32
5799.76
Amount in Rs. Lakhs

Esprit Stones IPO Details

Issue Opening Date
July 26, 2024
Issue Closing Date
July 30, 2024
Face Value
Rs.10 per share
Price
Rs.82 to Rs.87 per share
Lot Size
1600 Shares
Issue Size
5,795,200 shares(aggregating up to Rs.50.42 Cr)
Fresh Issue
5,795,200 shares(aggregating up to Rs.50.42 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME

Esprit Stones IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Friday, July 26, 2024
Closing Date
Tuesday, July 30, 2024
Basis of Allotment
Wednesday, July 31, 2024
Initiation of Refunds
Thursday, August 1, 2024
Credit of Shares to Demat
Thursday, August 1, 2024
Listing Date
Friday, August 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on July 30, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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