Earthstahl & Alloys Limited IPO
Earthstahl & Alloys Limited IPO
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Earthstahl & Alloys Limited's successfully completed its Initial Public Offering and commenced trading on 08-02-2023 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 27-01-2023 to 31-01-2023.
Share allotment was finalized on 03-02-2023, 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.
Earthstahl & IPO About Company
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."
Earthstahl & IPO Strength Factors
NA
Earthstahl & IPO Risk Factors
NA
Earthstahl & IPO Lead Manager(s)
- Hem Securities Limited
Earthstahl & IPO Promoter(s)
- Ravi Thakurdasji Laddha
- Rajesh Somani
- Prawin Somani
- Padam Kumar Jain
Earthstahl & IPO FAQs
Earthstahl & Alloys Limited IPO subscribed 235.18 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 12, 2025 12:39:48 PM (Day 12).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Earthstahl & IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Earthstahl & IPO FAQs
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