Esprit Stones Limited
Bookbuilding IPO · NSE
- Price band
- ₹82 - ₹87
- Lot size
- 1,600 shares
- Issue amount
- ₹50.35 cr
- Total subscription
- 185.93×
- Opens
- 26 Jul 2024
- Closes
- 30 Jul 2024
- Allotment
- 31 Jul 2024
- Listing
- 2 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 57,95,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,31,200
- Fresh issue
- ₹50.42 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,39,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,61,50,000
- Shares after issue
- 2,19,45,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,39,200 |
| HNI | 2 | 3,200 | ₹2,78,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.35 | 1,100.32 |
| RETAIL | 16.37 | 2,386.83 |
| NIB | 7.02 | 2,805.94 |
| EMPLOYEES | 1.11 | 1.13 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.29 | 2.13 | 11.46 |
| ROE | 0 | 0 | 0 |
| ROCE | 12.39 | 7.6 | 25.05 |
| RONW | 15.09 | 15.09 | 37.25 |
| PRE IPO(PE) | 13.62 | 0 | 0 |
| POST IPO(PE) | 18.51 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2016, Esprit Stones Limited specializes in manufacturing engineered quartz and marble surfaces. As of March 2024, the company operates Manufacturing Facility I with three pressing lines and two polishing lines, achieving an annual production capacity of around 72 lakh sq. ft. It also runs Manufacturing Facility II for producing quartz grit and quartz powder, key raw materials used in engineered quartz, along with a third facility dedicated to manufacturing unsaturated polyester resin. Backed by certifications such as ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard, Esprit Stones maintains strong quality and sustainability standards. As of May 31, 2024, the company employs 295 people across various departments.
Strengths
- Market Leader: Esprit Stones Limited is one of the top players in the Indian engineered stone market, known for its strong presence and trusted reputation.
- Focus on Quality & Innovation: The company always puts quality first, using strict quality checks for both raw materials and final products to maintain high standards and constantly improve.
- In-House Manufacturing: Esprit Stones Limited makes both engineered quartz surfaces and key raw materials like quartz grit and polyester resin, helping them rely less on outside suppliers and maintain better control over quality and production.
Risk factors
- Geographical Concentration: The company's manufacturing units are mainly located in Udaipur, Rajasthan. If there is any disruption, breakdown, or closure at these facilities, it could seriously affect the company's business, operations, profits, and cash flow.
- Dependency on Leased Premises: The company operates some of its key locations, like the registered office, branch office, and storage facilities, on rented properties. This could create risks if the leases are not renewed, rental costs go up, or if the company needs to relocate.
- Customer Concentration: A large part of the company's revenue comes from a small group of customers. This makes the business dependent on these customers and vulnerable to any changes in their buying patterns, financial health, or business relationships.
Promoters
Sunilkumar Lunawath
Nitin Gattani
Pradeepkumar Lunawath
Sangeeta Gattani
Anushree Lunawath
Siddhanth Lunawath
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited, Srujan Alpha Capital Advisors Llp
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SP1, Udyog Vihar, Sukher, ndustrial Area, Udaipur- 313 004
+91 91166 52582
[email protected]Company website ↗Understanding ESPRIT 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.