Earthstahl & Alloys Limited

Company Profile
Company Name Earthstahl & Alloys Limited
Open Date 27-01-2023
Close Date 31-01-2023
Exchange BSE SME
Lot Size 3000 Shares
Issue Price ₹ 38-40 per share
Issue Size 32,40,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Apply
Located in steel hub of Raipur, Chhattisgarh, Company is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. Company has been successful in manufacturing a full range of BIS Certified Ductile Iron Pipe Fittings of up to 600 mm width. The manufacturing unit is located in the village Duldula about 50 KMs from Raipur, Chhattisgarh and is spread across an area of around 4.73 hectares of land. In the year 2022, company also commissioned another 5.5 MVA submerged electric arc furnace to manufacture 15,750 tonnes p.a. of cast iron lumps. Company have been granted ISO 9001:2015 for quality management systems.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Sep-22
Total Assets 2,817.23 3,592.61 4,303.34
Net Assets 767.53 1,513.01 2,093.48
Total Borrowings 1,396.82 1,399.97 1,092.92
Total Revenue 2,457.52 4,907.53 4,824.68
Profit After Tax 267.31 745.48 580.47

Tentative Timeline

Opening Date 27-01-2023
Closing Date 31-01-2023
Basis of Allotment 03-02-2023
Initiation of Refunds 06-02-2023
Credit of Shares to Demat 07-02-2023
Listing Date 08-02-2023

Objects of the Issue

Funding capital expenditure towards change in electricity supply voltage
To meet Working Capital requirements
General Corporate Purpose
To meet issue expenses

Contact Information

Registered Office Earthstahl & Alloys Limited Merlin Jayshree Vihar, Mohani 5 B, Pandri Tarai, Mandi Gate, Raipur- 492001
Phone +91-8120009626

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 1,68,000 (5.19%)
QIB Shares Offered 9,18,000 (28.33%)
NII (HNI) Shares Offered 10,77,000 (33.24%)
Retail Shares Offered 10,77,000 (33.24%)
Total Shares Offered 32,40,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 73.53%

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