Last updated on October 25, 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.
Promoters of Earthstahl & Alloys – Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain
- Earthstahl & Alloys IPO Details
- Earthstahl & Alloys Financial Performance
- Earthstahl & Alloys Offer News
- Earthstahl & Alloys Valuations & Margins
- Earthstahl & Alloys IPO GMP Today
- Earthstahl & Alloys IPO Subscription – Live Updates
- Earthstahl & Alloys Offer Lead Manager
- Earthstahl & Alloys Offer Registrar
- Earthstahl & Alloys Contact Details
- Earthstahl & Alloys IPO Allotment Status
- Earthstahl & Alloys IPO Dates & Listing Performance
- Earthstahl & Alloys IPO FAQs
Earthstahl & Alloys IPO Details
| Earthstahl & Alloys IPO Dates | 27 – 31 January 2023 |
| Earthstahl & Alloys IPO Price | INR 38 – 40 per share |
| Fresh issue | 32,40,000 shares (INR 12.96 crore) |
| Offer For Sale | Nil |
| Total IPO size | 32,40,000 shares (INR 12.96 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Earthstahl & Alloys Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 31.65 | 24.12 | 48.88 | 48.16 |
| Expenses | 32.18 | 21.15 | 38.18 | 40.42 |
| Net income | (0.33) | 2.67 | 7.45 | 5.80 |
Earthstahl & Alloys Offer News
- Earthstahl & Alloys RHP
- Earthstahl & Alloys Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Earthstahl & Alloys Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.37) | 2.97 | 8.28 |
| PE ratio | – | – | 4.59 – 4.83 |
| RONW (%) | (75.71) | 85.80 | 70.53 |
| NAV | 0.49 | 3.46 | 11.74 |
| ROCE (%) | (1.61) | 15.81 | 37.41 |
| EBITDA (%) | 8.21 | 25.54 | 27.43 |
| Debt/Equity | 3.47 | 1.82 | 0.93 |
Earthstahl & Alloys IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 Feb 2023 | 15 | – | 18,000 |
| 2 Feb 2023 | 15 | – | 18,000 |
| 1 Feb 2023 | 15 | – | 18,000 |
| 31 Jan 2023 | 15 | – | 18,000 |
| 30 Jan 2023 | 12 | – | 15,000 |
| 27 Jan 2023 | 14 | – | – |
| 25 Jan 2023 | 12 | – | – |
| 24 Jan 2023 | 15 | – | – |
Earthstahl & Alloys IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 918,000 | 1,245,000 | 1,077,000 | 3,240,000 |
| 31 Jan 2023 | 39.83 | 385.03 | 191.77 | 222.98 |
| 30 Jan 2023 | 4.26 | 14.12 | 43.17 | 20.98 |
| 27 Jan 2023 | 2.58 | 4.73 | 9.62 | 5.75 |
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 Date | 27 January 2023 |
| Earthstahl & Alloys IPO Closing Date | 31 January 2023 |
| Finalisation of Basis of Allotment | 3 February 2023 |
| Initiation of refunds | 6 February 2023 |
| Transfer of shares to demat accounts | 7 February 2023 |
| Earthstahl & Alloys IPO Listing Date | 8 February 2023 |
| Opening Price on BSE SME | INR 55 per share (up 37.5%) |
| Closing Price on BSE SME | INR 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.
