Earthstahl & Alloys Limited
IPO Details
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Company Fin.
₹20(50.00%)
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Earthstahl & Alloys Limited's successfully completed its Initial Public Offering and commenced trading on Feb 08, 2023 at the BSE exchange. The company raised 32,40,000 Shares through this public offering, comprising 32,40,000 Shares in fresh capital.
The IPO was priced within the band of ₹38 to ₹40, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Jan 27, 2023 to Jan 31, 2023.
Share allotment was finalized on Feb 03, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Ravi Thakurdasji Laddha
- Rajesh Somani
- Prawin Somani
- Padam Kumar Jain
Earthstahl & Alloys Limited
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