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Objective of the Issue
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- Funding Working Capital requirement of the Company.
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and/or prepayment in part or full of its outstanding borrowings.
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement.
- General Corporate Purpose.
IPO Details, Price, Market Lot
| Esprit Stones IPO Details | |
| IPO Open Date | 26 July 2024 |
| IPO Close Date | 30 July 2024 |
| IPO Issue Size | 57,95,200 shares (aggregating up to ₹50.42 Cr) |
| Fresh Issue | 57,95,200 shares (aggregating up to ₹50.42 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35.00% of the net offer |
| NII Portion | Not less than 15.00% of the net offer |
| QIB Portion | Not more than 50.00% of the net offer |
| Listing At | NSE SME |
| Esprit Stones IPO Price | |
| Face Value | ₹10 per share |
| IPO Price Band | ₹82 to ₹87 per share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Esprit Stones IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 1600 shares |
| Minimum Lot Size | 1 lot (1600 shares) |
| Minimum Amount (Cut-off price) | ₹139,200 |
| Maximum Lot Size | 2 lots (3200 shares) |
| Maximum Amount (Cut-off price) | ₹139,200 |
| Esprit Stones IPO Market Lot For HNI | |
| No. of Shares Per Lot | 1600 shares |
| Minimum Lot Size | 2 lots (3200 shares) |
| Minimum Amount (Cut-off price) | ₹278,400 |
IPO Date, Listing Date, Allotment Date
| Esprit Stones IPO Time Table (Tentative) | |
| IPO Open Date | 26 July 2024 |
| IPO Close Date | 30 July 2024 |
| Basis of Allotment Date | 31 July 2024 |
| Initiation of Refunds | 1 August 2024 |
| Credit of Share to Demat Account | 1 August 2024 |
| IPO Listing Date | 2 August 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 March 2024 | 27,459.35 | 27,477.82 | 1,031.73 | 7,238.80 | 12,541.91 |
| 31 March 2023 | 23,802.24 | 17,606.52 | 355.72 | 6,227.81 | 11,879.55 |
| 31 March 2022 | 18,069.74 | 19,002.60 | 1,850.53 | 5,893.32 | 5,799.76 |
| Period Ended | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 27,459.35 | 23,802.24 | 18,069.74 |
| Revenue | 27,477.82 | 17,606.52 | 19,002.60 |
| P A T | 1,031.73 | 355.72 | 1,850.53 |
| Net Worth | 7,238.80 | 6,227.81 | 5,893.32 |
| Borrowings | 12,541.91 | 11,879.55 | 5,799.76 |
| Amount in ₹ Lakh | |||
Company Promotor & Promotor’s Holding
Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath are the promoter’s of company.
| Pre Issue Promotor Holding | |
| Post Issue Promotor Holding |
Company Address
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
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| IPO Registrar |
| IPO Lead Manager |