Earthstahl & Alloys IPO Detail ( Earth Stahl IPO Review )
( 27 Jan 2023 – 31 Jan 2023)
Earthstahl & Alloys Limited, established in 2009, specializes in producing Cast Iron Lumps and Ductile Iron Pipe Fittings. These lumps are utilized as raw materials to create a variety of products such as cast iron pipe fittings, machine components such as latche machines, fan parts, manhole covers, decorative cast iron pieces, cast iron pipe fittings, and other steel or cast iron manufacturing units.
In addition to Cast Iron Lumps, Earthstahl & Alloys Limited also produces Ductile Iron Pipe Fittings. These fittings are commonly used as connectors in public water supply systems. The company’s manufacturing facility is situated in Duldula, a village near Raipur in Chhattisgarh, and occupies an area of approximately 4.73 hectares.
In addition to its core products of Cast Iron Lumps and Ductile Iron Pipe Fittings, Earthstahl & Alloys Limited is also diversifying its offerings by manufacturing parts and components of plant and machinery using foam molds. These include components for Pellet plants, Cement plants, Sponge iron plants, Power plants, the Automobile sector, and Railway & Ductile Iron Pipe Fittings.
Earthstahl & Alloys Company Product:
Earthstahl & Alloys IPO Competitive Strength
- Strategically located manufacturing plant resulting in cost and time efficiencies
- Environment friendly manufacturing process generating Wealth from Waste
- Quality Assurance
- Diversified Client Base and long standing relationship with our customers
- Experienced Promoters, Board and senior management team
Earthstahl & Alloys IPO Financials Performance ( Results )
Earthstahl & Alloys Limited Financial Information ( Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax (PAT) | EPS | Net Worth | Reserves | Borrowing | RoNW (%) |
| 31-Mar-20 | 2990.73 | 3181.58 | -33.49 | (0.37) | 44.24 | 200.22 | 1733.71 | (75.71) |
| 31-Mar-21 | 2817.23 | 2457.53 | 267.31 | 2.97 | 311.55 | 467.53 | 1396.82 | 85.80 |
| 31-Mar-22 | 3592.61 | 4907.54 | 745.48 | 8.28 | 1057.03 | 1213.01 | 1399.97 | 70.53 |
| 25-Nov-22 | 4303.34 | 4824.68 | 580.47 | – | 1637.5 | 1793.48 | 1092.93 | – |
Objective of Earthstahl IPO Issue
- Funding to upgrade electrical supply voltage from 33 KV to 132 KV at Duldula manufacturing facility in Baloda Bazar, Chhattisgarh.
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Earthstahl & Alloys IPO Basic Details
| IPO Date | Jan 27, 2023 to Jan 31, 2023 |
| Listing Date | Wednesday, February 08, 2022 |
| Face Value | ₹10 per share |
| Price | ₹38 to ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | 3,240,000 shares of ₹10 (aggregating up to ₹12.96 Cr) |
| Fresh Issue | 3,240,000 shares of ₹10 (aggregating up to ₹12.96 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company. |
Earthstahl and Alloys IPO Timetable
Earthstahl & Alloys IPO will open on Jan 27, 2023 and close on Jan 31, 2023. You can join Earthstahl & Alloys IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Jan 27, 2023 |
| Closing Date | Jan 31, 2023 |
| Basis of Allotment | Feb 3, 2023 |
| Initiation of Refunds | Feb 6, 2023 |
| Credit of Shares to Demat | Feb 7, 2023 |
| Listing Date | Feb 8, 2023 |
Earthstahl & Alloys IPO Lot Size
For retail investors in Earthstahl & Alloys IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| S-HNI (Min) | 2 | 6000 | ₹240,000 |
Earthstahl & Alloys IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Earthstahl & Alloys IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹8.28 per Equity Share |
| Price/Earning P/E Ratio | 4.22 |
| Return on Net Worth (RoNW) | 70.53% |
| Net Asset Value (NAV) | ₹11.74 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Earthstahl & Alloys Ltd Peer comparison
There are no listed companies in India that are engaged in a business similar to that of our company accordingly it is not possible to provide an industry comparison in relation to Earthstahl & Alloys company.
Earthstahl & Alloys IPO GMP Live Update, Kostak Rate day by day
( Earth stahl IPO GMP ):
| Date | GMP | Kostak | Subject to |
| 06 February 2023 | ₹19 | – | – |
| 06 February 2023 | ₹21 | – | – |
| 05 February 2023 | ₹18 | – | – |
| 04 February 2023 | ₹18 | – | – |
| 03 February 2023 | ₹18 | – | – |
| 02 February 2023 | ₹17 | – | – |
| 01 February 2023 | ₹16 | – | – |
| 31 January 2023 | ₹11 | – | – |
| 30 January 2023 | ₹10 | – | – |
| 29 January 2023 | ₹11 | – | – |
| 28 January 2023 | ₹12 | – | – |
| 27 January 2023 | ₹15 | – | – |
| 26 January 2023 | ₹16 | – | – |
| 25 January 2023 | ₹16 | – | – |
Earthstahl & Alloys IPO Detail Video:
Earthstahl & Alloys IPO Subscription Status (Bidding Detail)
The Earthstahl & Alloys IPO on Jan 31, 2023 at 06:58:00 PM was subscribed 235.18 times, with the retail category being subscribed 191.77 times, the NII (Non-Institutional Investor) category being subscribed 445.09 times and the QIB (Qualified-Institutional Buyers) category being subscribed 39.63 times.
| Category | Subscription |
| QIB | 39.63x |
| NII | 445.09x |
| Retail | 191.77x |
| Total | 235.18x |
Earthstahl & Alloys IPO Prospectus
Earthstahl & Alloys IPO Rating
| Our Rating | 3.5.0/5.0 |
Earthstahl & Alloys Compnay Contact Information
EARTHSTAHL & ALLOYS LIMITED
Registered Office: Merlin Jayshree Vihar, Mohani
5 B, Pandri Tarai, Mandi Gate Raipur,
Chhattisgarh- 492001 India.
Contact Person: Rahul Kumar Sinha,
Company Secretary & Compliance Officer
Tel No: +91-8120009626
E-mail: secretarial@earthstahl.com
Website: www.earthstahl.com
Promoters of our Company: Ravi Thakurdasji Laddha,
Rajesh Somani, Prawin Somani and Padam Kumar Jain
CIN: U27310CT2009PLC021487
Earthstahl & Alloys IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Address: S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India.
Tel No.: +91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Contact Person: Mr. Babu Rapheal
Website: www.bigshareonline.com
SEBI Registration Number: MB/INR000001385
Earthstahl & Alloys IPO Lead Manager
HEM SECURITIES LIMITED
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Mrs. Roshni Lahoti
SEBI Reg No. INM000010981
Earthstahl & Alloys IPO FAQs
What is the lot size of Earthstahl & Alloys IPO?
The total issue size of Earthstahl & Alloys IPO is ₹12.96 crores and this is a complete fresh Issue.
When will Earthstahl & Alloys IPO start?
Earthstahl & Alloys IPO will start from 27 Jan 2023 and IPO will Close on 31 Jan 2023.
What is the open date of Earthstahl & Alloys IPO?
Earthstahl & Alloys IPO will start from 27 Jan 2023.
What is the last date ( close date ) of Earthstahl & Alloys IPO?
Earthstahl & Alloys IPO will close from 31 Jan 2023.
What is the price band of Earthstahl & Alloys IPO?
Earthstahl & Alloys IPO price band is ₹38 to ₹40 Per Share ( Upper Price Band: ₹40, Lower Price Band: ₹38 )
What is the minimum amount required to apply for Earthstahl & Alloys IPO?
The minimum investment for retailers to apply for Earthstahl & Alloys IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Earthstahl & Alloys IPO?
View gray market premium of Earthstahl & Alloys IPO by Clicking Here
How much is the GMP of Earthstahl & Alloys IPO?
Watch Earthstahl & Alloys IPO GMP Today: Click Here
What is the allotment date of Earthstahl & Alloys IPO?
The allotment date of Earthstahl & Alloys IPO is 03 February 2023.
How to check allotment status in Earthstahl & Alloys IPO?
To check the allotment status of Earthstahl & Alloys IPO, first of all go to the registrar website by clicking here, select your bad Earthstahl & Alloys IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Earthstahl & Alloys IPO?
The listing date of Earthstahl & Alloys IPO is 08 February 2023.
How much will be the listing gain in Earthstahl & Alloys IPO?
View listing gain of Earthstahl & Alloys IPO by Clicking Here
How much time Earthstahl & Alloys IPO is subscribed?
Total 235.18 times subscribed in Earthstahl & Alloys IPO out of which 191.77 times subscription was done in retail quota, 445.09 times subscription in NII quota and the QIB quota category being subscribed 39.63 times.
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