Esprit Stones Limited
- Minimum Investment₹1,31,200
- Price Range₹82 - ₹87
- Issue Size₹50.42 Cr
- Lot Size1600 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
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
No Data
Balance Sheet
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Cash Flow
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About Esprit Stones Limited
- PromoterSunilkumar Lunawath
- PromoterNitin Gattani
- PromoterPradeepkumar Lunawath
- PromoterSangeeta Gattani
- PromoterAnushree Lunawath
- PromoterSiddhanth Lunawath