Earthstahl & Alloys Ltd. (BSE SME)

Jan 27, 2023 - Jan 31, 2023

Premium	₹20
Price	₹38 - ₹40
Lot size	3000
Allotment	Feb 3, 2023
Listing	Feb 8, 2023

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	3000	120000	0
HNI	2	6000	240000	0

Investor Category	Subscription (times)
Qualified Institutions	39.83
Non-Institutional Buyers	445.09
Retail Investors	191.77
Employees	[.]
Others	[.]
Total	235.18

About

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
Market Maker	HEM SECURITIES LTD.
Company Promoters	Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the promoters of the company.

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.

Company Financials

Earthstahl & Alloys Limited Financial Information (Consolidated)
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
Amount in ₹ Lakhs

Lead Manager(s)

Strength

Weakness

Registrar

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