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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹50.35 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹50.35 Cr |
| Fresh Issue | ₹47.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹82.00-87.00 per share |
| Discount | Retail: 0.00,Employee: 5.00 |
| NSE Code | ESPRIT |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Choice Capital Advisors Pvt.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: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of the Company | 14.00 |
| 2 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings | 19.50 |
| 3 | Investment in our Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement | 6.50 |
| 4 | General Corporate Purpose | 4.45 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 274.59 | 238.02 | 180.70 |
| Total Income | 274.78 | 176.07 | 190.03 |
| Profit After Tax | 10.32 | 3.56 | 18.51 |
| NET Worth | 72.39 | 62.28 | 58.93 |
| Reserves and Surplus | 56.24 | 52.78 | 49.43 |
| Total Borrowing | 125.42 | 118.80 | 58.00 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 12.39% |
| Debt / Equity | 1.72% |
| RoNW | 15.09% |
| PAT Margin | 3.78% |
| Price to Book Value | 1.94 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.39 | 4.70 |
| P/E (x) | 13.62 | 18.51 |
| Promoter Holding | 100% | 73.59% |
| Market Cap | ₹190.92 Cr. | |
