| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹12.96 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹12.96 Cr |
| Fresh Issue | ₹12.29 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน38.00-40.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543765 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | 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.) | 9.44 |
| 2 | To meet Working Capital requirements | 1.00 |
| 3 | General Corporate Purpose | 1.19 |
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 43.03 | 35.93 | 28.17 | 29.91 |
| Total Income | 48.25 | 49.08 | 24.58 | 31.82 |
| Profit After Tax | 5.80 | 7.45 | 2.67 | -0.33 |
| NET Worth | 16.38 | 10.57 | 3.12 | 0.44 |
| Reserves and Surplus | 17.93 | 12.13 | 4.68 | 2.00 |
| Total Borrowing | 10.93 | 14.00 | 13.97 | 17.34 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 65.38% |
| ROCE | 37.41% |
| Debt / Equity | 0.93% |
| RoNW | 70.53% |
| PAT Margin | 15.19% |
| EBITDA Margin | 27.43% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 8.28 | |
| P/E (x) | 4.22 | |
| Promoter Holding | 100.00% | 73.53% |
| Market Cap | โน48.96 Cr. | |