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EarthStahl & Alloys IPO GMP, Lot Size, Price, Allotment Date

We timely update you regarding the IPO allotment dates of multiple companies; today, the news is about the iron-related company. Read the article to know better about the EarthStahl & Alloys IPO GMP, Lot Size, Price, Allotment Date and other details are provided here.

EarthStahl & Alloys IPO GMP

The EarthStahl & Alloys company has recently shared the IPO allotment date. Those who are interested shall know that it is from 27th Jan 2023. The official notice is placed on the leading portal. Where you can get details information regarding the IPO GMP of the company.

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The company’s plant is located in the village of Duldula which is in Chhattisgarh. It was established in 2009. It is a leading company in the making of cast iron lumps, ductile iron fittings; manhole covers and much more.

EarthStahl & Alloys IPO GMP

EarthStahl & Alloys Lot Size

The lot size of the EarthStahl & Alloys company is around 3000 shares. Please check the table below, where more information is listed.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
HNI (Min) 2 6,000 ₹240,000

The EarthStahl & Alloys company’s unit of manufacturing is located near Raipur and is spread vastly around 4.73 hectares.

EarthStahl & Alloys Price

The company has stated its purpose of the allotment as well. It will utilise the amendment regarding the electric supply of its manufacturing unit. Also, to meet the expense of the issue.

IPO Issue Dates 27 January 2023 to 31 January 2023
Listing Date [.]
Face Value Rs 10 each share
Price range Rs 38 to Rs 40 per share
Company’s Lot Size 3000 Shares
Issue Size 3,240,000 shares of ₹10
(aggregating up to ₹12.96 Cr)
Fresh Issue 3,240,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
QIB Shares Offered 30% of the Net Issue
NII (HNI) Shares Offered 35% of the Net Issue
Retail Shares Offered 35% of the Net Issue
Company Promoters Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the company’s promoters.

Another factor they added was the general corporate factor.

EarthStahl & Alloys Allotment Date

Those who are going to buy the shares shall mark the IPO allotment dates. The company will be providing the activity related to the IPO on the below-mentioned dates.

Event Tentative Date
Opening Date Jan 27, 2023
Closing Date Jan 31, 2023
Basis of Allotment Feb 3, 2023
Initiation of Refunds Feb 6, 2023
Credit of Shares to Demat Feb 7, 2023
Listing Date Feb 8, 2023

To gather more facts regarding the company’s overall performance and growth, you can visit the site, or you can also contact the company person through the contact information provided there.

EarthStahl & Alloys’ Finance

The following table will inform you about the overall growth and development of the company. This will help you decide better regarding the investment in the company.

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing
31-Mar-20 2990.73 3181.58 -33.49 44.24 200.22 1733.71
31-Mar-21 2817.23 2457.53 267.31 311.55 467.53 1396.82
31-Mar-22 3592.61 4907.54 745.48 1057.03 1213.01 1399.97
30-Sep-22 4303.34 4824.68 580.47 1637.5 1793.48 1092.93

Those who are unaware of the process to apply shall ask the advice of the experts and do accordingly. The option to use UPI and net banking is also available. You can apply through SBI Bank, Nuama, ICIC Bank etc.

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