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Open
27 Jan 2023
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Close
31 Jan 2023
3
Allotment
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Listing
Wed, Feb 8, 2023
Price Band
₹38 to ₹40
Issue Size
32,40,000 shares (agg. up to ₹13 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Feb 8, 2023
Latest GMP
₹18
Est. Gain
45%
✦ AI Insight
GMP Trend
08-02-2023₹18Est. ₹58+45%
07-02-2023₹20Est. ₹60+50%
06-02-2023₹21Est. ₹61+52.5%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 233.85x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 43.03 | 35.93 | 28.17 | 29.91 |
| Total Income | 48.25 | 49.08 | 24.58 | 31.82 |
| Profit After Tax | 5.80 | 7.45 | 2.67 | -0.33 |
| NET Worth | 16.38 | 10.57 | 3.12 | 0.44 |
| Reserves and Surplus | 17.93 | 12.13 | 4.68 | 2.00 |
| Total Borrowing | 10.93 | 14.00 | 13.97 | 17.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,813.00 (+2.94%) |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹401.30 (-1.59%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at our manufacturing facility at Village Duldula, Baloda Bazar (C.G.) | 9.44 |
| 2 | To meet Working Capital requirements | 1.00 |
| 3 | General Corporate Purpose | 1.19 |
About Earthstahl IPO
Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products. The other primary product of the company, i.e., Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes. The manufacturing unit of Earthstahl & Alloys Limited is located in the village of Duldula nearby Raipur, Chhattisgarh, and is spread across an area of around 4.73 hectares of land. Alongside the efficient manufacturing and delivery of Cast iron Lumps and Ductile iron pipe fittings, the entity is also expanding its horizon by producing parts or components of plant and machinery with the help of foam molds. These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.+ Read More
Contact Details
Earthstahl & Alloys Ltd. AddressMerlin Jayshree Vihar, Mohani 5 BPandri Tarai, Mandi GateRaipur, Chhattisgarh, 492001+91-8120009626secretarial@earthstahl.comVisit Website