Earthstahl & Alloys Limited

Company Name	Earthstahl & Alloys Limited
Open Date	27-01-2023
Close Date	31-01-2023
Exchange	BSE SME
Lot Size	3000 Shares
Issue Price	₹ 38-40 per share
Issue Size	32,40,000 Equity Shares
Application Amount	₹ 1,20,000
Recommendation	Apply

Located in steel hub of Raipur, Chhattisgarh, Company is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. Company has been successful in manufacturing a full range of BIS Certified Ductile Iron Pipe Fittings of up to 600 mm width. The manufacturing unit is located in the village Duldula about 50 KMs from Raipur, Chhattisgarh and is spread across an area of around 4.73 hectares of land. In the year 2022, company also commissioned another 5.5 MVA submerged electric arc furnace to manufacture 15,750 tonnes p.a. of cast iron lumps. Company have been granted ISO 9001:2015 for quality management systems.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Sep-22
Total Assets	2,817.23	3,592.61	4,303.34
Net Assets	767.53	1,513.01	2,093.48
Total Borrowings	1,396.82	1,399.97	1,092.92
Total Revenue	2,457.52	4,907.53	4,824.68
Profit After Tax	267.31	745.48	580.47

Tentative Timeline

Opening Date	27-01-2023
Closing Date	31-01-2023
Basis of Allotment	03-02-2023
Initiation of Refunds	06-02-2023
Credit of Shares to Demat	07-02-2023
Listing Date	08-02-2023

Objects of the Issue

Funding capital expenditure towards change in electricity supply voltage

To meet Working Capital requirements

General Corporate Purpose

To meet issue expenses

Contact Information

Registered Office	Earthstahl & Alloys Limited Merlin Jayshree Vihar, Mohani 5 B, Pandri Tarai, Mandi Gate, Raipur- 492001
Phone	+91-8120009626
Email	secretarial@earthstahl.com
Website	http://www.earthstahl.com/

Offer Documents

Earthstahl & Alloys Limited DRHP

Earthstahl & Alloys Limited RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	1,68,000 (5.19%)
QIB Shares Offered	9,18,000 (28.33%)
NII (HNI) Shares Offered	10,77,000 (33.24%)
Retail Shares Offered	10,77,000 (33.24%)
Total Shares Offered	32,40,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters)	100.00%
Post Issue Share Holding (Promoters)	73.53%