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Earthstahl & Alloys

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.

₹38 - ₹40235.18x sub
Listed Price₹55.00
Listing Gain+37.50%

IPO Schedule & Timeline

Bookbuilding IPO
Open27 Jan 2023
Close31 Jan 2023
Allotment03 Feb 2023
Listing08 Feb 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB9,18,000 shares
28.33%
Nii (hni)10,77,000 shares
33.24%
Retail10,77,000 shares
33.24%
Market Maker1,68,000 shares
5.19%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,20,000
HNI2 Lots (6,000 shares)
₹2,40,000

Company Promoters

Ravi Thakurdasji LaddhaRajesh SomaniPrawin SomaniPadam Kumar Jain

Company Background

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 ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹3181.58 Cr
Growth-34.1%
Revenue Trend (₹ in Crores)
0.01.9k3.8k5.6kSep 2022Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20203,181.58-33.492,990.731,733.71
Mar 20212,457.53267.312,817.231,396.82
Mar 20224,907.54745.483,592.611,399.97
Sep 20224,824.68580.474,303.341,092.93

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
000%0%4.220

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
03 Feb 2023
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
08 Feb 2023

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization03 Feb 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 Feb 2023Trading commences on exchange

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About Earthstahl & Alloys IPO

Complete issue overview for Earthstahl & Alloys (EARTH) IPO. The issue features an equity share price band of ₹38 – ₹40 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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