Issue Price
₹87
Per Share
GMP
NIL
Grey Market
Est. Listing
₹87
Expected Price
Min. Application
₹278,400
2 lots × 1600 shares
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.As of March 2024, the Manufacturing Facility I is equipped with three (3) pressing lines and two (2) polishing lines, with a production capacity of around 72 lakhs sq.ft. per annum. Additionally, we commissioned our Manufacturing Facility II to manufacture quartz grit and quartz powder, which is the primary raw material for the manufacture of engineered quartz.The company manufactures unsaturated polyester resin, at the manufacturing facility three.The company has been certified for ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard certifications.As of May 31, 2024, the company had 295 employees in various departments.
Esprit Stones Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 291,200 | — | ₹2.53 Cr | — |
| TOTAL | 5,795,200 | 100.00% | ₹50.42 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹139,200 |
| Retail (Max) | 13 | 20,800 | ₹1,809,600 |
| sNII (Min) | 14 | 22,400 | ₹1,948,800 |
| bNII (Min) | 68 | 108,800 | ₹9,465,600 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 27477.82 | 17606.52 | 19002.60 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1031.73 | 355.72 | 1850.53 |
| Net Worth | 7238.80 | 6227.81 | 5893.32 |
| Total Assets | 27459.35 | 23802.24 | 18069.74 |
| Reserves & Surplus | 5623.80 | 5277.81 | 4943.32 |
| Total Borrowings | 12541.91 | 11879.55 | 5799.76 |