Esprit Stones Limited

Company Profile
Company Name Esprit Stones Limited
Open Date 26-07-2024
Close Date 30-07-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹82 to ₹87 per share
Issue Size 57,95,200 shares
Application Amount ₹1,39,200
Recommendation Apply
Originally incorporated as “Esprit Stones Private Limited” on October 19, 2016. The registered office is located at Udaipur, Rajasthan. The Company is engaged in manufacturing of Engineered Stones such as (i) engineered quartz surfaces, (ii) engineered marble surfaces and (iii) unsaturated polyester resins. The company has presence across 21 states and Union Territories in India and export to more than 10 countries. The company had 295 employees as of May 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 18,645.65 17,441.09 27,289.02
EBITDA 2,960.91 1,733.16 3,131.28
Net Profit 1,850.53 355.72 1,031.73
RoCE 25.82% 8.04% 17.20%
ROE 31.40% 5.71% 14.25%
P/E 7.59 40.85 13.83

Tentative Timeline

Opening Date 26-07-2024
Closing Date 30-07-2024
Basis of Allotment 31-07-2024
Initiation of Refunds 01-08-2024
Credit of Shares to Demat 01-08-2024
Listing Date 02-08-2024

Objects of the Issue

Investment in the subsidiary, Haique Stones Private Limited (HSPL), for repayment and/ or prepayment in part or full of its outstanding borrowings.
Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement.
Funding Working Capital Requirements.
General Corporate Expenses.

Contact Information

Registered Office Esprit Stones Limited SP1, Udyog Vihar, Sukher Industrial Area, Udaipur- 313 004
Phone +91 91166 52582
Email legal@espritstones.com
Website https://espritstones.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email jinesh@srujanalpha.com
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.59%

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