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IPO

IPO Details


Esprit Stones Ltd
Registered Office: SP1 Udyog Vihar, Sukher Industrial Area, Udaipur - 313001, Rajasthan
Phone: +91 91166 52582
Email: legal@espritstones.com
Website: www.espritstones.com
Initial public offer of up to 57,95,200 equity shares of face value Rs. 10 each (the Equity Shares) of Esprit Stones Limited (The Company or the Issuer) for cash at a price of Rs. 87 per equity share (including a securities premium of Rs. 77 per equity share) (Issue Price), aggregating to Rs. 50.35 crores (the Issue) of which 2,91,200 equity shares aggregating to Rs. 2.53 crores (constituting 1.33% of the post-issue paid-up equity share capital of the company) were reserved for subscription by market maker (Market Maker Reservation Portion) and up to 1,28,000 equity shares aggregating to Rs. 1.05 crores (constituting up to 0.58% of the post-issue paid-up equity share capital of the company) was reserved for subscription by eligible employees (the Employee Reservation Portion). The company, in consultation with the book running lead managers, offered a discount of up to 5.75% (equivalent of Rs. 5 per equity share) to the issue price to eligible employees bidding under the employee reservation portion (Employee Discount). The issue less the market maker reservation portion and employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue constituted 26.41 % and 24.50 % respectively of the post-issue paid-up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Jul-2024 30-Jul-2024 ₹ 87.00 ₹ 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(₹)Cr. Lead Managers to the Issue
Project Cost 44.45 Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer 50.35
Post Issue Equity Share Capital 21.95
Issue Price ₹87.00
Projects
Funding working capital requirements of the company
Investment in its subsidiaty Haique Stones Pvt Ltd (HSPL) for repayment and/or prepayment in part or full of its outstanding borrowings
Investment in its subsidiary Haique Stone Pvt Ltd (HSPL) for funding its working capital requirements
General corporate purposes
Promoted By
Sunilkumar Lunawath
Nitin Gattani
Pradeepkumar Lunawath
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

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83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

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