Esprit Stones IPO description – Esprit Stones specializes in crafting Engineered Stones, focusing on two main products: engineered quartz surfaces and engineered marble surfaces. These Engineered Stones are composite materials that bond crushed stone with a strong adhesive.
As of March 2024, Manufacturing Facility I boasts three pressing lines and two polishing lines, producing approximately 72 lakh square feet annually. Furthermore, the company has launched Manufacturing Facility II to produce quartz grit and quartz powder, essential raw materials for engineered quartz production.
As of July 2024, Esprit Stones exports to over 10 countries, including the USA, Canada, Egypt, Bulgaria, UAE, and Saudi Arabia. Additionally, the company produces unsaturated polyester resin at its third manufacturing facility. As of 31 May 2024, the company had 295 employees in various departments.
Promoters of Esprit Stones – Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath, and Siddhanth Lunawath
Table of Contents
Esprit Stones IPO Details
| Esprit Stones IPO Dates | 26 – 30 July 2024 |
| Esprit Stones Issue Price | INR 82 – 87 per share |
| Fresh issue | 57,95,200 shares (INR 47.52 – 50.42 crore) |
| Offer For Sale | NIL |
| Total IPO size | 57,95,200 shares (INR 47.52 – 50.42 crore) |
| Minimum bid (lot size) | 1,600 shares (INR1,39,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Esprit Stones Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 186.46 | 174.41 | 272.89 |
| Expenses | 166.35 | 170.75 | 260.68 |
| Net income | 18.51 | 3.56 | 10.32 |
Esprit Stones Offer News
- Esprit Stones IPO Allotment Status
- Esprit Stones RHP
- Esprit Stones Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Esprit Stones Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 11.46 | 2.13 | 6.29 |
| PE ratio | – | – | 13.04 – 13.83 |
| RONW (%) | 37.25 | 5.66 | 15.09 |
| NAV | 36.49 | 38.56 | 44.82 |
| ROCE (%) | 25.05 | 7.60 | 12.39 |
| EBITDA (%) | 17.79 | 10.89 | 12.17 |
| Debt/Equity | 0.98 | 1.90 | 1.72 |
Esprit Stones IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 August 2024 | 40 | – | 45,000 |
| 31 July 2024 | 42 | – | 49,000 |
| 30 July 2024 | 46 | – | 53,000 |
| 29 July 2024 | 45 | – | 51,500 |
| 27 July 2024 | 35 | – | 40,000 |
| 26 July 2024 | 35 | – | 40,000 |
| 25 July 2024 | 30 | – | 35,000 |
| 24 July 2024 | 20 | – | 22,000 |
Esprit Stones IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 10,75,200 | 8,06,400 | 18,81,600 | 1,28,000 | 38,91,200 |
| 30 Jul 2024 | 117.63 | 399.94 | 145.75 | 1.01 | 185.90 |
| 29 Jul 2024 | 3.50 | 15.92 | 26.89 | 0.55 | 17.29 |
| 26 Jul 2024 | 0.00 | 1.43 | 3.54 | 0.15 | 2.01 |
The market maker reservation portion of 2,91,200 shares and anchor portion of 16,12,800 shares are not included in the above calculations.
Esprit Stones IPO Dates & Listing Performance
| IPO Opening Date | 26 July 2024 |
| IPO Closing Date | 30 July 2024 |
| Finalization of Basis of Allotment | 31 July 2024 |
| Initiation of refunds | 1 August 2024 |
| Transfer of shares to demat accounts | 1 August 2024 |
| IPO Listing Date | 2 August 2024 |
| Opening Price on NSE SME | INR 93.15 per share (up 7.07%) |
| Closing Price on NSE SME | INR 97.80 per share (up 12.41%) |
Esprit Stones Offer Lead Manager
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email:Â [email protected]
Website:Â www.choiceindia.com
Esprit Stones Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91-022-49186200
Email:Â [email protected]
Website:Â www.linkintime.co.in
Esprit Stones Issue Contact Details
ESPRIT STONES LIMITED
Khasra No. 1106 – 1109, Revenue Village Bhilwada,
Kukdeshwar Mahadev Road, Udaipur – 313 001
Phone: +91 91166 52582
E-mail: [email protected]
Website: www.espritstones.com
IPO FAQs
What is Esprit Stones Issue size?
Esprit Stones offer size is INR 47.52 – 50.42 crores.
What is the Esprit Stones Offer price band?
Esprit Stones public offer price is INR 82 – 87 per share.
What is the lot size of the Esprit Stones IPO?
Esprit Stones offer a lot size is 1,600 shares.
What is Esprit Stones IPO GMP today?
Esprit Stones IPO GMP today is INR 40 per share.
What is the Esprit Stones kostak rate today?
Esprit Stones kostak rate today is INR NA per application.
What is Esprit Stones Subject to the Sauda rate today?
Esprit Stones is Subject to the Sauda rate today is INR 45,000 per application.
