Earthstahl & Alloys Limited
Bookbuilding IPO · BSE
- Price band
- ₹38 - ₹40
- Lot size
- 3,000 shares
- Issue amount
- ₹12.96 cr
- Total subscription
- 235.18×
- Opens
- 27 Jan 2023
- Closes
- 31 Jan 2023
- Allotment
- 3 Feb 2023
- Listing
- 8 Feb 2023
Offer at a glance
Issue overview
- Issue size
- 32,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹12.96 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 90,00,000
- Shares after issue
- 1,22,40,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,20,000 |
| HNI | 2 | 6,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 0 |
|---|---|
| EPS | 0 |
| ROE | 0 |
| ROCE | 0 |
| RONW | 0 |
| PRE IPO(PE) | 4.22 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the manufacturing of Cast Iron Lumps and Ductile Iron Pipe Fittings. The cast iron lumps serve as raw materials for products like cast iron pipe fittings, machine components (lathe machines, fan components, manhole covers, decorative cast iron pieces), and other steel or cast iron manufacturing units. Ductile iron pipe fittings are primarily used as connectors in public water supply systems. The company’s manufacturing facility is located in Duldula village near Raipur, Chhattisgarh, spread over approximately 4.73 hectares. Expanding its product portfolio, Earthstahl & Alloys also manufactures plant and machinery components using foam molds for sectors including pellet plants, cement plants, sponge iron plants, power plants, the automobile sector, railway systems, and ductile iron pipe fittings.
Strengths
- Specialized Steel Manufacturing Business: Engaged in producing steel products and alloys used across infrastructure, engineering, and industrial applications.
- Growing Industrial Demand: Benefits from increasing investments in construction, manufacturing, and infrastructure development.
- Established Manufacturing Infrastructure: Strong production capabilities help maintain product quality and support long-term customer relationships.
Risk factors
- Raw Material Price Volatility: Fluctuations in iron ore, scrap, and other input costs can impact profitability.
- Working Capital Intensive: Requires continuous investment in inventory, production, and receivables management.
- Cyclical Industry Exposure: Business performance is closely linked to steel demand and overall economic activity.
Promoters
Ravi Thakurdasji Laddha
Rajesh Somani
Prawin Somani
Padam Kumar Jain
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Merlin Jayshree Vihar, Mohani 5 B, Pandri Tarai, Mandi Gate, Raipur- 492001
+91-8120009626
[email protected]Company website ↗Understanding EARTH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.