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Esprit Stones Limited

  • Minimum Investment
    ₹1,31,200
  • Price Range
    ₹82 - ₹87
  • Issue Size
    ₹50.42 Cr
  • Lot Size
    1600 shares

This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.

Proceeds of this IPO to be used for

Funding working capital requirements of the company

Investment in its subsidiary, Haique Stones, for repayment and/or prepayment in part or full of its outstanding borrowings

Investment in its subsidiary, Haique Stones, for funding its working capital

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Esprit Stones Limited

Prominent player

The company is one of the key engineered stone players in the Indian market. It is well-positioned to benefit from attractive growth and substantial penetration opportunities in the engineered stones segment

Focus on quality and innovation

The company stresses and constantly strives to maintain and improve the quality of its products. This focus is reflected in the standard of the quality systems which have been certified ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF certifications, green guard certifications, etc.

Backward integration

In order to reduce the dependency on third-party raw material suppliers, and use consistent and quality materials in products, the company has commissioned its manufacturing facility to manufacture quartz grit

Dependent on few customers

A significant majority of the company's revenues from operations are derived from a limited number of customers

Certain legal proceedings

The company, its subsidiaries, promoters, and directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations, and financial condition

Negative cash flows

The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on the business

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
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Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Esprit Stones Limited

Esprit Stones was incorporated on October 19, 2016. The company is primarily engaged in the manufacturing of engineered stones such as engineered quartz surfaces and engineered marble surfaces.
  • Promoter
    Sunilkumar Lunawath
  • Promoter
    Nitin Gattani
  • Promoter
    Pradeepkumar Lunawath
  • Promoter
    Sangeeta Gattani
  • Promoter
    Anushree Lunawath
  • Promoter
    Siddhanth Lunawath

Esprit Stones Limited IPO FAQs

What is Esprit Stones Limited IPO?

Esprit Stones Limited IPO refers to the initial public offering of shares by Esprit Stones Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Esprit Stones Limited IPO?

For Esprit Stones Limited IPO the issue size is ₹50 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Esprit Stones Limited IPO?

For Esprit Stones Limited IPO the minimum investment is ₹1,31,200. The minimum investment for Esprit Stones Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Esprit Stones Limited IPO?

For Esprit Stones Limited IPO the lot size is 1600 shares. The lot size of Esprit Stones Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Esprit Stones Limited IPO on Share.Market?

To apply for Esprit Stones Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Esprit Stones Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Esprit Stones Limited IPO?

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Esprit Stones Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Esprit Stones Limited IPO?

For Esprit Stones Limited IPO the allotment date is July 31, 2024. The allotment date of Esprit Stones Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Esprit Stones Limited IPO?

For Esprit Stones Limited IPO, the subscription opens on July 26, 2024 and closes on July 30, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
192.11x Oversubscribed