Esprit Stones IPO Details
| IPO Size | 50.42 |
| Price Range | ₹82 - ₹87 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹139,200 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Esprit Stones IPO Timelines
26/07/2024
Start Date30/07/2024
End Date01/08/2024
Refund Initiation01/08/2024
Credit of Shares to Demat Ac02/08/2024
Listing DateEsprit Stones IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹139,200 |
| Retail Maximum | 1 | 1600 | ₹139,200 |
| S-HNI Minimum | 2 | 3200 | ₹278,400 |
Esprit Stones IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 117.63 x | 399.58 x | 145.75 x | -- | 185.82 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹93.15 | ₹97.80 | ₹97.80 | ₹93.15 |
Esprit Stones IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹190.03 | ₹166.35 | ₹18.51 |
| FY 2023 | ₹176.07 | ₹170.75 | ₹3.56 |
| FY 2024 | ₹274.78 | ₹260.68 | ₹10.32 |
About Company
Founded in 2016, Esprit Stones Limited specializes in the manufacture of engineered quartz and marble surfaces. By March 2024, the company had established Manufacturing Facility I, equipped with three pressing lines and two polishing lines, boasting a production capacity of approximately 72 lakhs sq. ft. per annum. In addition, Esprit Stones commissioned Manufacturing Facility II for the production of quartz grit and quartz powder, essential raw materials for engineered quartz manufacturing.
Esprit Stones Limited also operates a third manufacturing facility dedicated to the production of unsaturated polyester resin, further enhancing its product offerings. The company’s commitment to quality and environmental standards is evidenced by its certifications, including ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard.
As of May 31, 2024, Esprit Stones Limited employed 295 individuals across various departments, underscoring its robust workforce and dedication to growth. The company continues to innovate and expand its capabilities, positioning itself as a leading player in the engineered quartz and marble surfaces industry.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2016 | Mining & Mineral products | Sunilkumar Lunawath |
Know Before Investing
Esprit Stones IPO Strengths
- Key player in Indian engineered stones market – $7,355 million by 2032.
- Focus on quality, certified ISO 14001:2015, ISO 45001:2018, ISO 9001:2015.
- Innovative R&D team introduced 30+ new designs in 2023-2024.
- Backward integration with in-house quartz grit and polyester resin production.
- Strategic location in Udaipur with abundant mineral resources.
- State-of-the-art facilities with advanced machinery for quality production.
Esprit Stones IPO Risks
- Concentrated manufacturing in Udaipur; disruptions impact operations and finances.
- Reliance on leased premises for offices and storage facilities.
- Raw material shortages or price fluctuations affect profitability.
- Significant revenue from limited customers; top 10 customers: 62.32%.
- Dependency on USA market; 94.43% of exports in 2024.
- High borrowings of ₹12,109.51 lakhs; affects financial stability.
- Downgraded credit ratings; limits access to cost-effective capital.
Swot Analysis for Esprit Stones IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Esprit Stones Limited
SP1, Udyog Vihar, Sukher
Industrial Area,
Udaipur- 313 004,
Phone: +91 91166 52582
Email: [email protected]
Website: https://espritstones.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Esprit Stones IPO are:
- Funding Working Capital requirement of their Company
- Investment in their Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / orprepayment in part or full of its outstanding borrowings
- Investment in their Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working CapitalRequirement
- General Corporate Purpose