Earthstahl & Alloys IPO GMP, Review, Price, Allotment

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Last updated on October 25, 2023

Earthstahl & Alloys IPO GMP 2023

Earthstahl & Alloys IPO description – Incorporated in 2009, Earthstahl & Alloys is engaged in the business of manufacturing cast iron lumps and ductile iron pipe fittings. The cast iron lumps are used as raw material in the steel foundries to manufacture products like cast iron pipe fittings, machine components such as latch 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 Ductile Iron Pipe Fittings is used in public water supply systems as connectors of pipes. The foundry is also capable of producing parts or components of plant and machinery/ automobiles using foam molds.

The company’s products are also supplied in the European Union countries. Further, it’s an approved vendor for the supply of ductile iron pipe fittings to Rural Water Supply & Sanitation, Odisha, Maharashtra Jeevan Pradhikaran. Currently, it sells its products primarily in the state of West Bengal, Punjab, Orissa, Gujarat, Madhya Pradesh, and Maharashtra.

Earthstahl & Alloys 2023

Promoters of Earthstahl & Alloys – Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain


Earthstahl & Alloys IPO Details

Earthstahl & Alloys IPO Dates27 – 31 January 2023
Earthstahl & Alloys IPO PriceINR 38 – 40 per share
Fresh issue32,40,000 shares (INR 12.96 crore)
Offer For SaleNil
Total IPO size32,40,000 shares (INR 12.96 crore)
Minimum bid (lot size)3,000 shares (INR 1,20,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

Earthstahl & Alloys Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Revenue31.6524.1248.8848.16
Expenses32.1821.1538.1840.42
Net income(0.33)2.677.455.80
Figures in INR crore unless specified otherwise

Earthstahl & Alloys Offer News


Earthstahl & Alloys Valuations & Margins

FY 2020FY 2021FY 2022
EPS(0.37)2.978.28
PE ratio4.59 – 4.83
RONW (%)(75.71)85.8070.53
NAV0.493.4611.74
ROCE (%)(1.61)15.8137.41
EBITDA (%)8.2125.5427.43
Debt/Equity3.471.820.93
*Compiled by IPO Central from Draft Prospectus

Earthstahl & Alloys IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
3 Feb 20231518,000
2 Feb 20231518,000
1 Feb 20231518,000
31 Jan 20231518,000
30 Jan 20231215,000
27 Jan 202314
25 Jan 202312
24 Jan 202315

Earthstahl & Alloys IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered918,0001,245,0001,077,0003,240,000
31 Jan 202339.83385.03191.77222.98
30 Jan 20234.2614.1243.1720.98
27 Jan 20232.584.739.625.75
As on 06:58:56 PM

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: [email protected]
Website: www.hemsecurities.com


Earthstahl & Alloys Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


Earthstahl & Alloys Contact Details

EARTHSTAHL & ALLOYS LIMITED
Merlin Jayshree Vihar, Mohani 5 B,
Pandri Tarai, Mandi Gate Raipur, Chhattisgarh- 492001
Phone: +91-8120009626
E-mail: [email protected]
Website: www.earthstahl.com


Earthstahl & Alloys IPO Allotment Status

Earthstahl & Alloys IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.


Earthstahl & Alloys IPO Dates & Listing Performance

Earthstahl & Alloys Offer Opening Date27 January 2023
Earthstahl & Alloys IPO Closing Date31 January 2023
Finalisation of Basis of Allotment3 February 2023
Initiation of refunds6 February 2023
Transfer of shares to demat accounts7 February 2023
Earthstahl & Alloys IPO Listing Date8 February 2023
Opening Price on BSE SMEINR 55 per share (up 37.5%)
Closing Price on BSE SMEINR 57.75 per share (up 44.38%)

Earthstahl & Alloys IPO FAQs

What is Earthstahl & Alloys offer size?

Earthstahl & Alloys offer size is INR 12.96 crore.

What is Earthstahl & Alloys IPO Price Band?

Earthstahl & Alloys public offer price is INR 38 – 40 per share.

What is the lot size of Earthstahl & Alloys IPO?

Earthstahl & Alloys offer lot size is 3,000 shares.

What is Earthstahl IPO GMP today?

Earthstahl & Alloys IPO GMP today is INR 15 per share.

What is Earthstahl kostak rate today?

Earthstahl & Alloys kostak rate today is NA per application.

What is Earthstahl Subject to Sauda rate today?

Earthstahl & Alloys Subject to Sauda rate today is INR 18,000 per application.

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